As of the 2025 tax year, many older Americans may realize a new tax benefit thanks to a provision in the One Big Beautiful Bill Act. The law, signed in July 2025, created a new annual tax deduction of up to $6,000 for taxpayers age 65 and older. Though the deduction is currently scheduled to expire […]
Some Older Adults May Qualify for a New $6,000 Tax Break Read More »
In a recent webinar about the status of federal housing assistance for older adults in the United States, nonprofit organizations Justice in Aging and the National Low Income Housing Coalition partnered to offer attendees a brief overview of the housing pressures currently facing older Americans. The presenters also outlined the federal policy threats that exist and potential opportunities for improving the
Affordable Housing Is Getting Scarce for Older Adults Read More »
Most people tend to marry someone who is within a few years of their own age. As a result, many married couples share the same cultural touchstones, social memories, and general values. Certain phases of life often coincide as they grow older together, as they may share similarly timed career paths and enter retirement around
The Effects of Family Caregiving on Older Adults Read More »
Many Americans are worried they won’t have enough money saved to retire, and a cohort of the oldest workers is proving this concern to be legitimate. Nearly half a million Americans over the age of 80 are still working, while the 75-plus demographic is the fastest-growing segment of the workforce. For some, the choice to
Why Seniors Are Choosing to Work Past Retirement Age Read More »
Many retirees pride themselves on years of careful financial planning, yet one major area often catches them off guard: the cost of health care. According to a recent Wall Street Journal article, even those who’ve saved diligently can be blindsided by three areas of medical expenses: costly prescription drugs, travel-related health care burdens, and the rising
Consider These Medical Expenses When Planning for Retirement Read More »
Takeaways While states such as Florida, North Carolina, and Arizona have seen the largest influx of retirees as of 2023, these states are not necessarily among the very happiest places for older adults in the United States, according to new data. Caring.com released its 2025 Senior Happiness Index, which sheds light on the states where seniors are the most content,
Approaching Retirement Age? View the Senior Happiness Index Read More »
In 2025, Americans born in 1960 are reaching age 65, a milestone that for decades has been associated with retirement. Many people still think of 65 as the age to claim full Social Security retirement benefits. But for those born in 1960 or later, full retirement age is no longer 65; it’s 67. Why Full
Why the Social Security Retirement Age Is Now 67, Not 65 Read More »