Finance
Some of the most profound truths are those, once revealed, that seem self-evident. And that may also be the most potent gift possessed by the greatest writers and thinkers—the ability to reveal something we already know with such clarity that we can act on it. One of my favorite contemporary…
Most of us recognize that legal means exist to assume control over an aging parent’s finances when their health declines. We use a legal document called a Durable Power of Attorney for that, so the aging parent will appoint someone to manage money if they become impaired. But that can…
‘Tis the season to gather and give thanks without breaking the bank. High grocery prices and travel expenses may threaten to put a dent in this year’s holiday fun, but a full stomach doesn’t have to mean an empty wallet. Thanksgiving should be about fun, family and festivities, not stressing over…
It’s Medicare Open Enrollment Period. As I wrote earlier, Open Enrollment this year is unusually important because of significant changes in Medicare Advantage and Part D prescription drug plans. Medicare is complicated, and most people have numerous options. The big changes this year make it especially important to seek help…
Mortgage rates barely moved this week after marching higher for the past month and a half, while purchase demand remains stalled in the stagnant housing market. Freddie Mac’s latest Primary Mortgage Market Survey, released Thursday, showed that the average rate on the benchmark 30-year fixed mortgage ticked down to 6.78% from…
If you are renting an apartment for the first time, there are likely many questions swirling in your mind. You may be wondering how much you should be spending on rent. You could be curious about the potential extra costs beyond rent. Perhaps you’re worried about being approved for the…
If you’re approaching retirement or have recently retired, it’s only natural that you’re looking forward to your newfound freedom. You might be planning to travel, pursuing your hobbies and interests, and reconnecting with relatives and friends. Welcome to the “go-go” phase of retirement when you’re still active and vital and…
On November 8, the Centers for Medicare and Medicaid Services announced the Medicare premiums for 2025. Let’s take a quick look at what you need to know. Part B Premium The 2025 premium for Part B, medical insurance, will be $185 per month, an increase of $10.30 (5.9%). CMS attributes…
It is not surprising that we find mental illness across all age ranges. Being over 65 is no exception. Some adult children would probably say that things seem to get worse as their parent gets past retirement age. What we hear most often at AgingParents.com, where we consult with families…
Donald Trump’s return to the White House, coupled with Republican control of the Senate and possibly of the House could result in a far more limited government role in the care of frail older adults and younger people with disabilities. Most immediately, Trump’s proposed mass deportations will make the current…