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How Technology Can Put Caregivers and Family Members at Ease

January 15,19 | 11:28 am

For seniors and their families, there’s the ever-present concern that an accident or fall will happen when nobody’s around to help or get help. While a person may not always be around to lend a senior a helping hand, technology is getting closer and closer to filling that gap. Today, new smart devices are helping seniors safely live independent lives and giving reassurance to concerned family members and caregivers. Continue reading

Self-Care for Caregivers

January 08,19 | 12:40 pm

“I have the right to take care of myself. This is not an act of selfishness. It will give me the capability of taking better care of my relative.”

Adapted from A Caregiver’s Bill of Rights by Jo Horne and published in 1985 by the American Association of Retired Persons (AARP), this is the first entry in a list of rights focusing on caregivers’ needs. And it can be a hard pill to swallow for someone who has signed on to support the well-being of another. But before you can care for someone else, you have to take care of yourself. If you’re a caregiver, here are some noteworthy self-care tips that will get you to a place where you can best care for others. Continue reading

Benefits of Seniors Living Together

January 01,19 | 2:49 am

Benefits of Seniors Living TogetherWhen you hear the word “roommates,” thoughts about the days of being young and single may come to mind. However, more and more people, especially women, are finding the housemate option to be an attractive choice as they ease into retirement, taking into account financial reality and the resilience needed to live alone. In a home sharing arrangement, residents can split household chores, feel safer with more people around, and grow older at home without feeling isolated, according to research studies citing the advantages of friendship and social engagement.  Continue reading

How Common is Bankruptcy Among Your Senior Clients?

December 11,18 | 11:56 am

How Common is Bankruptcy Among Your Senior Clients?For some older Americans, the “golden years” of retirement aren’t necessarily very happy times. In fact, the rate of seniors facing bankruptcy has surged five-fold since 1991, according to a new research study from the Consumer Bankruptcy Project. This spike exceeds the demographic shift for the aging population. The report analyzed data across states from bankruptcy court records and written questionnaires, revealing that about 12.2 percent of annual bankruptcy filings are from households headed by seniors. Continue reading

About to Retire? Consider Downsizing

December 04,18 | 2:44 am

About to RetireAs a senior approaching retirement, you’ve probably been thinking about life away from work. You may envision a future filled with happy moments, spending more time with family and friends, or traveling or playing golf — and now is the time to develop a plan to help those dreams become reality. Continue reading

How to Talk Finances with Aging Parents

November 27,18 | 2:59 am

How to Talk Finances with Aging ParentsChances are, you recall how your parents helped and guided you as you grew up. Remember the critical discussions about responsibility, honesty, and compassion? Now, later in life, those roles have reversed. Now you’re the one offering support and guidance to your aging parents, and at least one conversation will likely revolve around money. Continue reading

Different Types of Financial Professionals: Which Ones Do You Need?

November 20,18 | 12:55 am

Financial ProfessionalsOne of the best ways to stay financially healthy throughout your senior years leading into retirement involves retirement planning. The planning process should include assembling a group of qualified professionals dedicated to you–people who understand your financial situation and your long-term goals. Here are some of the experts you may want to add to your team. Continue reading

How Much Money You Need to Retire – and Why

November 13,18 | 6:45 am

How Much Money You Need to RetireOne of the most challenging aspects of retirement planning is figuring out the extent of the financial resources you’ll need in order to live comfortably in retirement. Many people draw up a plan based on life expectancy—estimating how many years they’ll live after they retire. Yet those calculations may be incorrect because people are living longer today than ever before. Continue reading

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