Senior Financial Planning

Family Caregiver Blog: The pros and cons of renting versus buying for aging adults, and how Charlie and I became comfortable with being renters.

Family caregivers often struggle with how to help their loved ones manage money. A new debit card offers elders a safer way to pay for purchases by preventing them from falling for common financial scams.

When applying for Medicare while working, you have decisions to make about employer coverage versus Medicare. Here are 5 tips to help you avoid costly mistakes.

Annuities allow investors to receive a steady income stream in retirement. It is one strategy to consider when the time comes that a senior parent must move to an assisted living community or nursing home.

The likelihood that a spouse will need nursing home care increases in later years. In some cases, the healthy spouse is legally responsible for paying nursing home costs with their own assets, regardless of how long they've been married.

Are some policies better than others for aging adults? How can a senior save money on their car insurance? An older driver could save hundreds per year just by making sure they're maxing out their discounts.

When your parent's move into a senior living facility, you might be responsible for dealing with senior living facility bills on your parent's behalf. Here are a list of ways to deal with senior living facility bill errors.

Working caregivers face significant challenges when it comes to balancing their careers, caregiving duties and financial commitments. Don't miss out on this opportunity to reduce your tax bill.

Financial stress may lead elders to drink and smoke more. Financial stress may be compelling certain groups of elderly to drink and smoke more while simultaneously encouraging other groups to drink and smoke less.

If there is no tax consequence from selling your mom's home, then she can use all of the money for retirement.

Everyone, regardless of age, should consider long-term care insurance to pay for the cost of home care, assisted living or nursing homes.

Most caregivers wish their aging loved ones were more financially responsible, but some seniors are frugal to a fault. In fact, excessive penny-pinching can be downright frustrating when trying to ensure an elder’s health and happiness.

Medicaid long-term care eligibility requirements can be confusing. Learn how a senior can qualify for Medicaid and what long-term care services are covered.

A survey of family caregivers shows that the costs of caring for aging parents has a significant financial impact that could derail everyday budgeting and retirement planning for adult children.

You love your parents. People you haven't met love them, too. They're called scam artists, and they're after one thing: your parents' money. Investment fraud accounts for nearly 50% of all complaints received by state securities regulators and it tends to target the elderly.

Although many seniors will remodel their homes so that they can "age in place," others move to a smaller place in an active adult community, assisted living, or some other form of senior housing. The problem: At least for smaller urban homes and apartments, there will be a lot of competition.

Empty nesters and seniors need different types of housing as they get older. Will economics allow you to sell your current home for a price that allows you to find another home that better suits your needs?