Preparing Seniors for Winter
Like the Boy Scout motto, the key to keeping seniors safe and sound during the winter is “be prepared.” There are several ways that seniors and their loved ones can prepare for winter and the hazards that go along with…
The Cost of Alzheimer’s Disease
When policymakers consider the costs of dementias like Alzheimer’s disease, they consider both direct and indirect costs. Direct costs, in this instance, are the medical and social/non-medical care costs related to dementia; on average, expenses included $273 per month spent…
Technology Assists in Fall Prevention for Seniors
One of the most common injury producers are seniors experiencing accidental falls. Debilitating injuries range from short-term sprains, bumps, and bruises to fractures and head traumas which may require hospitalization. The Centers for Disease Control and Prevention (CDC) reports that…
Causes and Prevention of Elder Abuse
According to the American Psychological Society, elder abuse is the infliction of physical, emotional/psychological, sexual or financial harm on an older adult. Elder abuse can also take the form of intentional or unintentional neglect of an older adult by the…
The Potential Cost of Second Wedded Bliss
When people marry for the second time (or more), losing assets to pay for their new spouse’s serious illness is probably the last thing on their minds when they say “I do.” But that could happen. Current costs for long-term…
Tips for Staying Mentally Sharp as You Age
Tips for Staying Mentally Sharp as You Age Age comes with wisdom. Unfortunately, it also comes with some forgetfulness. Fortunately, there are things you can do to keep the brain sharp, small daily habits which can reduce the risk of…
Wealthy Retirees May Have a Fear of Spending
While the US economy is in a cycle of more than ten years of economic growth, its citizens, even the “wealthy” ones, are worried about running out of cash and are scared to spend. Bloomberg.com is reporting many retirees, and…
Addressing Power of Attorney Misconceptions
A durable power of attorney is one of the most important estate planning documents you can have. It allows someone who you appoint (your agent) to make decisions on your behalf in the event you become incapacitated. If you have…
Create an Estate Plan to Carry Out Your Wishes
The importance of making end of life preparations cannot be stressed enough. Many people put off making these plans thinking there is always time. The sad reality is that none of us are guaranteed time. Others may be bothered by…
Budget Management Tips for Seniors
Money is one of life’s biggest concerns. People of all ages struggle to stretch their dollars to meet their needs and wants. Many seniors live on a fixed income and are presented with more challenges in making ends meet. Creating…