Category Archives: Financial Planning

Here’s What a Will Is—and Why You Need One

A will is a document where you can state what you would like to happen to your property, assets, and belongings when you die. However, you may be surprised to learn that 2 out of 3 Americans don’t have a will, according to a survey from Caring. com. Here are more details on what a…
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Tips for Managing Debt

5 Tips to Manage Credit Card Debt for Older Adults You may typically think of credit cards as something used by younger consumers, but a surprising number of older adults find themselves in credit card debt. Just think of all the costs involved with life that may lead seniors to whip out credit cards to…
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What You Need to Know About Guardianship for Older Adults

The recently released Netflix movie “I Care A Lot” has sparked some real curiosity about what  guardianship is. In the movie, the lead character Marla Grayson manages to bilk her older adult clients out of money and assets once she is appointed as their guardian. If you care for an older adult or if you…
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Study: Money Management Problems Found Years Before Dementia Diagnosis

Researchers regularly look for early signs of Alzheimer’s disease and dementia. One early sign that you don’t hear about as often is problems with money management. A February study published in JAMA Internal Medicine found that Alzheimer’s disease and related dementias were associated with adverse financial events years before clinical diagnosis. The study was the…
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2021 Money Tips Older Adults Should Make Right Now

As 2021 gets underway, it’s a perfect time to take a look at your financial situation and evaluate what changes to make. Here are a few money and savings tips to help you or your senior loved one in 2021 and beyond. 1. Re-evaluate your plans with social security. Social security can get pretty complex,…
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It’s Medicare Enrollment Season: Take Advantage of Potential Savings

It’s Medicare enrollment season—have you reviewed your Medicare plan to make sure you have the best-priced plan? Every year from Oct. 15 to Dec. 7, the Centers for Medicare and Medicaid Services has what’s called an open enrollment period for Medicare. During this time, you can change your Medicare health plan and prescription drug coverage…
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