With debt payments and rising expenses, many older adults don’t have enough wiggle room to save for the future and have a comfortable life. Attorney Lyle Solomon discusses available debt forgiveness options for seniors. Many older adults’ primary source of income after retirement comes from social security payments or retirement funds. After paying for essential expenses and debt payments, many people don’t…
It’s not realistic to watch over someone 24/7. We need to take breaks, go to the office, or run errands. Or, we might live far away. When you’re not able to be with your older adult in person, smart home devices can help keep them safe and give you peace of mind. Xfinity Home explains how smart plugs, smart thermostats, and smart security…
Elder financial abuse destroys lives and costs seniors a whopping $37 billion each year. Dr. Stacey Wood, Ph.D, one of the nation’s leading experts on elder financial abuse, shares 8 ways caregivers can help seniors avoid scams and fraud. Today, people over age 50 hold over 70% of the country’s wealth. But elder financial abuse is all too common. Fraudsters target…
Juggling a career and being a primary caregiver can feel exhausting and unsustainable. Before deciding to quit your job to take care of an aging parent full time, assess your financial situation by asking these 7 important questions from LendingTree. The demands of providing care for a parent or loved one can be steep. As illness or aging progresses, many people…
Not only does caregiving impact you physically, mentally and emotionally, it can also negatively affect your financial health. LendingTree shares 7 ways to protect your finances when you’re a caregiver. Becoming a family caregiver often doesn’t just impact you physically, mentally and emotionally – it can drain your finances too. A 2018 survey from Northwestern Mutual found that 68% of family…
Over the past year, the pandemic has put caregivers under increased financial stress in addition to increasing their caregiving responsibilities. LendingTree shares tips on how caregivers can maximize their budgets during the post-pandemic recovery. The pandemic has had a profound effect on seniors. Deaths and hospitalizations from COVID-19 were substantially higher among people aged 65 and up – many of whom…
Keeping Medicare costs low can be a confusing challenge. But avoiding three common mistakes helps prevent increased premiums and higher costs. MedicareAdvantage.com explains what these mistakes are and how to avoid them to save money while getting the best health care. Many believe they’ll begin saving money on health care costs once they transition to Medicare. But not following certain Medicare…
This past year has intensified anxiety, stress, and isolation for seniors and family caregivers alike. We asked experts Dr. Robin Smith, from The Oprah Winfrey Show, and Lisa Marsh Ryerson, AARP Foundation President, to answer 7 top questions about managing anxiety, stress, isolation, and depression as we emerge from the COVID-19 pandemic. 1. How can seniors and family caregivers manage anxiety…
The pandemic has made life more challenging for everyone, and especially for family caregivers. Dr. Aaron Blight discusses 4 reasons why caregiving has gotten more difficult during Covid-19. And at the end, we share some articles that help reduce caregiving stress. A recent survey by the Rosalynn Carter Institute for Caregiving revealed that 83% of caregivers are experiencing an increased level…
If their Medicare Advantage plan isn’t working out as expected, seniors have a chance to make changes during the Open Enrollment period. MedicareFAQ explains what can be changed from January 1 through March 31, why someone might want to make changes, and how switching plans works. Many seniors have chosen to enroll in Medicare Advantage plans instead of in Original Medicare.…
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