Senior financial planning

How to guides

Cost of home care vs. nursing homes: What you need to know

When it comes to caring for an older loved one, families must often prepare to make major financial decisions. One of the most significant choices will be whether a senior receives care at home or in a skilled nursing facility when they have higher needs, such as Alzheimer’s care. Both... more

Can caregiving for your parents get you a tax break?

Many adult children eventually experience a role reversal and become caregivers for their parents. The responsibilities of this range from helping an aging parent with housework and errands to offering financial support and guiding medical care or even sharing their home. Nearly 66 million Americans (31 percent of U.S... more

Best part-time jobs for seniors

While you may think of your golden years as a time to be free from the shackles of work, retirement isn’t always what it’s cracked up to be. Some seniors find that they can’t live comfortably on their fixed income, while others get bored, lonely or lack a sense of... more

31 senior discounts for clothing, food and travel

If you're over 50, you can start cashing in on senior discounts. Many stores offer their senior shoppers some form of a deal, but it's often available only on a specific day or at certain times.  Make sure you check with individual stores to confirm any details... more

How to guides

Long-term care insurance: The basics

Planning out how to care for yourself and your loved ones years down the road from now might not be the most pleasant thing to think about, but laying out plans for long-term care could pay dividends both in terms of costs saved and peace of mind. Long-term care refers to the different kinds... more

How to guides

Nursing homes: Watch out for these 5 hidden costs

One of the biggest considerations when deciding that it’s time for a loved one to go to a nursing home is how much it will cost. Prices vary from state to state and facility to facility, but one thing is for sure: It’s not cheap. The national median cost of... more

How to guides

The cost of continuing care retirement communities: Can you afford it?

From independent living to assisted living and nursing home care, CCRCs can provide its residents with varied levels of care. There are pros and cons to joining a CCRC, and one major deciding factor is the financial investment. Seniors considering a CCRC should be aware of the costs and potential financial... more

How to guides

7 practical ways to pay for long-term care

People who plan for their golden years may focus on funding the travel, hobbies and family time they hope will fill their early retirement. Fewer realize the full financial impact of those later years when they may need more hands-on help. That’s why it’s smart to educate yourself about long-term... more