Rough economic conditions are hitting older Americans hard. Rising medical care and consumer goods being the worst. Many older people are taking on debt to pay for medical care. According to one study by the Harvard Law School, bankruptcy filings for seniors showed an increase from 8% in 1991 to 22% in 2007. In a related note, the federal …
Marital Status May Determine Risk of Alzheimer’s
Sound crazy? Incredibly, it may not be so far fetched. At least, not according to research conducted by a group at the KI Alzheimer's Disease Research Center at the Karolinska Institutet, in Stockholm, Sweden. As reported in a AARP Bulletin, the results of their study over a 21 year period indicates that men and women who are not married are at …
Home Remodeling Can Increase Home Value, Improve Quality of Life
Many people think that modifying their home for aging in place will have a negative impact on the value of their home by making it look sterile and hospital like. If modifications are done properly, they not only look good, but they can help you stay in your home longer, keep you safe, and increase the future demand for your home. The following …
Watch Out for Closing Costs if Buying or Selling Home for Retirement
According to a recent story on Realtor.org, the slow housing market is not bringing closing costs down. These costs can significantly impact the bottom line in your real estate deal, so make sure you take this into consideration as you plan to buy or sell your retirement home. It may surprise you to find out that New Mexico and Alaska are on …
Baby Boomers Not Financially Prepared for Disability
In a series of surveys conducted by Harris Interactive for the America's Health Insurance Plans, Baby Boomers were questioned about their opinions, perceptions and preparedness about disability coverage and how they might be impacted financially were they struck with a debilitating disease or injury that kept them from working.The results were a …
Retirement, Financial Planning and Where We’re Headed
In this news item courtesy of Red Orbit, Anna Rappaport, FSA, MAAA, chair of the Society of Actuaries' Committee on Post-Retirement Needs and Risks, takes a long, hard look at the concept of retirement. Spanning more years than it has in generations before, many are opting for staggered retirements, where they leave the working world over time and …