Senior Financial Planning

  • Renting vs. Buying in Senior Living Communities

    When considering the many different types of senior housing communities available, you may be faced with the decision to rent or buy. It’s important to consider an elder’s future care needs and finances before deciding which option is best.

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  • How to Put an Elderly Loved One on a Budget

    Budgeting can be tricky, especially for seniors who are living on a fixed income. Learn how to help a senior evaluate their income, assets, and expenses and develop a monthly budget they can actually follow.

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  • 20 Free and Discounted Services for Seniors and Their Caregivers

    With so many seniors living on limited incomes, finding affordable products and services is crucial. Get the inside scoop on freebies and discounts available to you and your aging loved one.

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  • The Biggest Mistake People Make When Filing for Social Security

    Many American adults don't know how to maximize their Social Security benefits. Most start collecting too early, and neglect to use strategies that make the most of their monthly benefits.

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  • 10 Things You Should Know About Your Parent's Finances

    Would you know what to do if you suddenly had to take over managing money and paying bills for your parent? Here are 10 things you need to know before assuming this responsibility.

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  • Tips for Caregivers Who Are Managing A Senior’s Investments

    Many family caregivers are granted the power to manage an aging loved one’s finances, and this often includes handling an elder’s investment decisions. While this can be a daunting task, these pointers can help guide you.

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  • Warning Signs That Your Parent's Finances Are Off Track

    Money can be a sticky subject to discuss with your aging parents. If you’re noticing any of these red flags, it may be time to step in and assist in managing their finances.

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  • Financial Planning Strategies for Caregivers and Their Parents

    Planning ahead for your elderly parent's long-term care can save the rest of the family both emotional and financial distress. Help your parents avoid financial pitfalls with these 3 financial strategies for planning future care.

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  • Coronavirus Stimulus Checks: What Seniors and Caregivers Need to Know

    Millions of Americans are set to receive economic impact payments from the government. Learn about eligibility requirements, amounts and how to submit updated information to ensure older Americans get their coronavirus stimulus checks.

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  • Using a Reverse Mortgage Loan to Age in Place

    A reverse mortgage loan is one option that may deserve consideration as retirement needs grow and savings and Social Security benefits may not be enough to retire on comfortably and with confidence.

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  • The Ins and Outs of a Reverse Mortgage Loan: Is It Right for You?

    A reverse mortgage is a type of home equity loan for seniors age 62 and older that is used to turn a portion of their home equity into cash. Is this financial planning tool right for you?

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  • How to Set Up a Miller Trust for Medicaid Eligibility

    A senior’s income and assets must fall below certain limits to qualify for long-term care Medicaid. “Income cap” states allow applicants to use a Miller Trust to help them meet income eligibility guidelines.

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  • Weighing the Pros and Cons of a Living Trust

    A living trust is a popular financial tool that can be used for Medicaid planning, estate planning and tax planning purposes. However, a trust may not be the best the best approach, depending on a person’s long-term goals and unique financial situation.

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  • How to Pay for Long-Term Care

    Families often struggle to find funds for their loved ones’ care, but adequate planning and awareness of all available options can make a world of difference in paying for long term care.

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  • Applying for Medicaid: An Elder Law Attorney Can Help

    More often than not, Medicaid planning is not a do-it-yourself project. Elder law attorneys are well-versed in the legal, medical and financial factors that determine if and when a senior’s Medicaid application is approved.

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  • When to Apply for Medicaid

    Medicaid can help with long-term care costs, but eligibility is determined by a combination of many factors. The rising cost of care makes planning in advance a priority when considering paying for senior care costs.

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  • 4 Key Things to Know about Trusts and Medicaid Planning

    There are many types of trusts that can help protect your assets from Medicaid. Here's a brief overview of the things you need to know when setting up a trust for Medicaid planning purposes.

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  • Top 5 Strategies for Protecting Your Money From Medicaid

    Many seniors must apply for Medicaid to afford long-term care. Here are strategies families can use to protect some of their assets while still qualifying for financial assistance with nursing home costs.

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  • Start Here Every Year: Essential Tax Steps for Caregivers

    As a caregiver, you may need to help your loved one organize their financial documents and prepare and file their taxes. Avoid unnecessary stress by getting this paperwork in order before tax time hits.

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  • How to Pay for Independent Living

    Understand how retirement communities differ from other senior living options and learn how various assets, income sources and benefits can cover the costs of living in an independent senior community.

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