Should dad get a reverse mortgage, or should we give him a personal loan?
Whether your elderly parent should get a reverse mortgage or a personal loan from family depends on the situation.
View Article10 Government Programs You Can Access for Your Elderly Parents
Financial aid for caregivers. Government programs are available to help caregivers with elder care.
View ArticleHow can mom protect the proceeds from the sale of her home?
If there is no tax consequence from selling your mom's home, then she can use all of the money for retirement.
View Article10 Things You Should Know About Your Parent's Finances
Would you know what to do if you suddenly had to take over managing money and paying bills for your parents? Here are 10 things you need to know before you take over.
View ArticleWill You Be Able to Sell Your Home?
Most middle-aged boomers and older seniors have amassed a lot of equity in their homes. But in a depressed economy, will they get the home prices they expect when they sell--especially since they'll...
View ArticleWill You Be Able to Move Down to Another Home?
Although most middle-aged boomers and older seniors will remodel their homes so that they can "age in place," eventually they will want to move to a smaller place such as an active adult community,...
View ArticleSell or Stay? The Coming Competition for Senior Housing
Middle-aged boomers and their older parents will be looking for smaller homes and other types of living arrangements, including active adult, assisted living facilities and other types of senior...
View ArticleWill You Have Enough Money to Retire?
With a shaky economy and depleted savings, middle-income boomers may be hard-pressed to make ends meet when they retire, according to two new studies. As they near the end of their working days,...
View ArticleSocial Insecurity: Can You Survive Without Social Security?
Some estimates place Social Security is the main source of non-earned income for seven out of 10 middle-income workers. Unfortunately, boomers are due to tap a program that is under attack politically...
View ArticleA Primer on Certificates of Deposit (CDs) for Seniors
Financial planning for your elderly parents is an important part of helping your parents plan for their future. A certificate of deposit (CD) may offer a viable investment choice for elders when they...
View ArticleFinancial Planning Tips for Caregivers
Tips to help caregivers plan for their own financial future. Caregivers are so focused on managing their parent’s health and finances that they don’t think about their own future financial needs.
View ArticleHow to Reduce Out-of-Pocket Medical Expenses
There are simple steps both caregivers and seniors can take to reduce out-of-pocket expenses throughout the year and lower medical bills.
View ArticleHow can I talk to my elderly father to ensure he is reviewing his medical...
It is important to talk to elders about finances and medical billing errors. Many medical billing errors happen with elderly finances that all adult children should look out for.
View ArticleImportant Paperwork: What to Keep and For How Long
Tips from a money manager on how long to keep tax returns, medical bills, bank records and other financial records and personal documents for both caregivers and their elderly parents.
View Article4 Financial Mistakes Retirees Regularly Make
Retirees can make mistakes managing their financial situation when it comes to retirement. Finances can be tricky to handle once you retire and sometimes require the expertise of a professional.
View ArticleHow to Discuss Money with Your Parents
Tips for how caregivers can talk about money and finances with elderly parents. Financial discussions shouldn’t be taboo as your parents age. Failing to talk about money matters with your parents could...
View ArticleHow to Deal With Errors on Senior Living Facility Bills
When your parent's move into a senior living facility, you might be responsible for dealing with senior living facility bills on your parent's behalf. Here are a list of ways to deal with senior living...
View ArticleMoney-Saving Myths That Caregivers Should Avoid
Some money saving suggestions—while seemingly logical—really aren't worth one red cent. Here are five commonly-touted tips on thrift that you should ignore.
View ArticleHow to Handle Rate Increases at Senior Living Communities
The cost for senior living facilities is rising. And as your parent ages, he or she may require higher levels of care, which can also make the price go up. So what are your options for handling rate...
View ArticleWedding Bells: Elderly Marriages Can Have Financial Ramifications
The likelihood that a spouse will need nursing home care increases in later years. In some cases, the healthy spouse is legally responsible for paying nursing home costs with their own assets,...
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