Over three-quarters of the respondents in Fidelity’s 2021 American Caregivers Study understood how difficult taking care of a disabled family member was. They insisted they had no other choice and that the decision was more emotional than practical. Their devotion still takes a toll on their stress levels and own retirement planning, though. At times, they […]
Seniors
The Top Legal Concerns for the Elderly
You may have to make difficult decisions while you still have the mental and physical capacity to deal with financial, legal and health care issues. Personal and health affairs management, estate planning and administration, and long-term care and how to pay for assisted living or nursing home care are needs that must be addressed by […]
QCDs Tax Free Gifts to Charity
If you have an IRA, you are required to take out a certain amount of money each year once you reach age 73, even if you don’t need the funds. This is known as a required minimum distribution, and it can increase your taxable income, potentially pushing you into a higher tax bracket. How QCDs […]
Not Your Grandparent’s Assisted Living Any Longer
Even if you or a loved one is not enthusiastic about a move to assisted living, everyone can take some encouragement from how residential communities have developed over the past decades. Options range from more affordable care for middle-income, value-minded consumers to luxury facilities featuring concierge, cultural, and culinary options. Wellness programs are popular. Physical, […]
Let Your Home Equity Fund Your Retirement
Strapped for cash? You might be able to liquify some of your home equity to cover expenses by using a home equity conversion mortgage, which is essentially a reverse mortgage backed by the Federal Housing Administration. The organization is federally insured by HUD; the agency guarantees the lender will be repaid. These products, which have […]
See Larger Map Get Directions