Takeaways From This Blog Post About Protecting Seniors From Fraud:
Financial abuse of older adults is increasingly digital and results in billions of dollars in losses annually.
Digital tools such as password managers and two-factor authentication,...
Digital Tools to Protect Older Adults From Financial Abuse Continue reading…
Questions To Ask A Financial Planner About Long-Term Care
Takeaways From This Post About Long-Term-Care Planning:
The need for long-term care is common, but proactive long-term-care planning is rare. Nearly 70 percent of people turning 65 will need some form of long-term care in their later years. Yet most individuals — even those concerned...
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Baby Boomers and Beyond: Working Far Past Retirement Age
Many Americans are worried they won’t have enough money saved to retire, and a cohort of the oldest workers is proving this concern to be legitimate.
Nearly half a million Americans over the age of 80 are still working, while the 75-plus demographic is the fastest-growing segment of the...
Why Bruce Willis’s Family Moved Him into a Separate Home
When Bruce Willis was diagnosed with frontotemporal dementia (FTD) in 2023 after a 2022 diagnosis of aphasia, his family faced the need to reassess how to best care for him. This past August, his wife, Emma Heming Willis, revealed that Bruce had moved into a nearby one-story home staffed with full-time caregivers, creating...
Common Estate Planning Terms and Their Meanings
Understanding estate planning terminology can help you make informed decisions about your legal documents and your family’s future. Below is a guide to common estate planning terms and their meanings, written in plan English to help demystify the process.
Estate:Estate is a word...
Understanding the Credit Shelter Trust Plan in Massachusetts
The Massachusetts estate tax is a tax imposed on the estate of a Decedent whose assets exceed $2M. For individuals concerned about estate taxes, a Credit Shelter Trust plan can be an effective estate planning tool. This strategy is particularly useful for married couples whose combined estates may exceed the Massachusetts estate...
Multigenerational Housing: Options and Benefits for Seniors
According to Pew Research, 18 percent of Americans are 65 and older, and more than one in five Americans will be in this age range by 2054.
The Centers for Disease Control and Prevention (CDC) notes that older adults are at greater risk for social isolation and warns that loneliness...
Don’t Rely on Medicare or MassHealth for your Long-Term Care
Americans are living longer than ever, and this trend is expected to continue. According to the U.S. Census Bureau, the number of Americans aged 100 and older is expected to quadruple over the next 30 years, from an estimated 101,000 in 2024 to about 422,000 in 2054.
With this increase...
Should Aging Parents Live With Their Adult Children?
Aging in place continues to increase in popularity. However, what to do when you notice an older loved one having trouble living safely at home is an issue many families eventually face.
Warning Signs That Your Senior Loved One Is StrugglingWhen visiting your aging...
Protecting Your Parents’ Assets From Nursing Home Costs
The aging U.S. population means that more people will likely need nursing home care in the coming decades. Meanwhile, the cost of nursing home care is increasing — and expected to keep increasing.
With the exorbitant cost of nursing home care, many families worry about depleting their loved ones’...