When you hear about the very high assisted living community and nursing home expenses we are seeing in the United States these days you are probably going to be looking for alternatives. One very logical possibility would be to simply stay at home and engage the services of a caregiver to help you as needed. While there are costs involved in this as well the expense will be considerably less than the charge for full-time residence in an assisted living community or a nursing home. You do have … [Read more...] about Be Careful When Engaging Caregivers
Will Nursing Home Costs Continue to Rise?
Nursing home expenses are rather shocking when you look into the facts. According to a MetLife survey the average charge for a single day in a private room in a nursing home in the United States was up to $239 last year. In 2010 this figure stood at $229. So the 2011 charge of $239 per day represents a 4.4% increase. There was a similar increase in 2010 as compared to 2009 costs. This is a lot of money if you were to spend a year or more residing in a nursing home. And it is very important to … [Read more...] about Will Nursing Home Costs Continue to Rise?
Is Medicare Free Once You Become Eligible?
If you or your spouse have worked for at least 10 years you should qualify for Medicare when you reach the age of eligibility. Unlike Social Security the age of eligibility for Medicare is the same for everyone regardless of the year during which you were born. As of this writing you become eligible to receive your Medicare benefits when you are 65 years of age. So at that time you have reached health care Shangri-La, right? You no longer have to worry about paying any medical expenses … [Read more...] about Is Medicare Free Once You Become Eligible?
Elder Financial Abuse Running Rampant
As you enter into the latter stages of your life you have to be very aware when it comes to how you handle your financial resources. For a number of different reasons senior citizens can be vulnerable to financial abuse, and this is a huge problem in the United States today. The MetLife Mature Market Institute estimates that some $3 billion is lost each year as a result of elder financial abuse and the problem appears to be on the rise. It is very sad indeed, but a high percentage of the cases … [Read more...] about Elder Financial Abuse Running Rampant
Fall Statistics Tell Poignant Tale
Making sure that your financial health is in good standing as you reach an advanced age is of course very important. If you are like most people it is going to take some intelligent long-term planning to position yourself to enjoy your retirement years to the fullest. But, if you work with a good South Carolina financial planning attorney you should be able to accumulate the resources that you need to live comfortably throughout your life. In addition to your financial well-being you also have … [Read more...] about Fall Statistics Tell Poignant Tale
Understanding Social Security
As you are looking forward to the future it is important to have a good understanding of what you can expect from Social Security. If you want to be able to retire in true comfort you don't want to rely too heavily on Social Security, but if you are like most people it is certainly going to represent a significant portion of your retirement income. The first question that many individuals have about Social Security involves when they will become eligible to receive their full benefits. There is … [Read more...] about Understanding Social Security