Tax provisions recently made their way into the Inflation Reduction Act (IRA), which became law in August 2022, along with the SECURE 2.0 Act in December 2022. Lower-income household tax code changes will automatically take effect. Households of higher income and net worth may want to review their retirement and estate plans to see if changes are […]
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Isolation can be a real drag on the spirit. It’s critical to check in with seniors regularly, especially during the holiday season when people of all ages may feel more alone. It can be particularly challenging for seniors who live far away from their families. Technology can provide many solutions to reduce feelings of isolation,
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Current inflationary pressures are leading to financial insecurity for many US seniors. Aside from cutting back on unnecessary expenses, many retirees or near retirement individuals should look to existing government programs to possibly qualify to receive assistance and reduce the anxiety many Americans feel living on a fixed income. The National Council on Aging (NCOA)
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As baby boomers enter their golden years, more of them will require extra care. Some may be able to get the care they need at home from a family member or in the form of hired help. Many will need to move into long-term care facilities, such as nursing homes, to get the level of
As Americans age, living options can become a concern. Available options are tied to the resources a senior has to cover living costs, and vary widely in cost, assistance, and care provided. In addition to budget considerations, seniors must also realistically consider the needs they have and what senior living option best fits those needs.