The internet of things (IoT) is responsible for many conveniences via embedded electronic devices, and many seniors are making use of these technologies. It is becoming increasingly common for everyday items like refrigerators, thermostats, and doorbells to be internet-connected making…
The gift tax is a tax on the transfer of assets, cash or property, to another without receiving something of equal value. The asset has to be of a certain value for the tax to apply; otherwise, it falls under…
It is essential to bring up a parent's aging expectations and set goals together even though initial discussions may be uncomfortable. Often, an exploration into a parent’s future thoughts about health, finances, and residential plans can make the difference between…
While everyone needs estate planning, elder law becomes more important as we get older. Estate Planning is for Everyone No matter what age we’re in, life can deliver some hard knocks. Hope for the best, but plan for the worst.…
When the US federal government established its social insurance program on August 14, 1935, its purpose was to provide retirement, disability, and survivors’ benefits. Since that time, in part due to the disappearance of extended family networks, an increase in…
Most people understand that by paying into Social Security throughout their careers, they can receive health care benefits through Medicare starting at age 65. Individuals under age 65 who qualify to receive Social Security Disability benefits are also covered under…
Your senior years should not be plagued with money woes. The stress that money problems bring not only ruins your aging experience but can also be disastrous to your health. Rising health care costs and your increased need for health…
A family caregiving meeting is an essential tool when dealing with the care of an aging loved one. These meetings are beneficial for helping to keep all family members abreast of decisions that need to be made along with changes…
As we age, simple things we took for granted as kids become more difficult -- and more expensive. That’s a truth all of us know. What you may not realize is that the aging middle class will face unique difficulties…
When it comes to establishing wills and estate plans, older Americans outpace their younger counterparts. Still, a significant number —19 percent of those over age 72 and 42 percent of those between 53 and 71, according to survey data—lack any…