Hidden Costs of Using Family Caregivers Support
If you eventually plan to age in place and utilize a family caregiver as your main care resource, it is important to consider the potential impact this decision could have on your loved one, and the challenges they may face.
Aging Population Requires Updated Retirement Plan Services
A few years ago, members of the Baby Boomer generation started to reach retirement age (65 years). If current life expectancy trends continue, this generation needs to prepare for a retirement that will last many years longer than their parents’. Retirement plan services offered by financial advisors must be tailored to meet the demands the increase in life expectancy will create.
Discovery may provide breakthrough to aging process
Scientists at the Salk Institute for Biological Studies and the Chinese Academy of Science have made a discovery that could offer new understanding about the aging process—and possible treatment.
Index Helps Retirees, and Everyone, Find Livable Communities
No matter where you decide to live in retirement—a retirement community or “aging in place” in your home—AARP’s Livability Index can help you make an informed choice. The Index ranks communities on 60 different factors within seven broad categories: housing, neighborhood, transportation, environment, health, engagement and opportunity.
Tax Benefits of CCRC Fees
Although Tax Day has come and gone, seeking savings on your taxes is a year-round pursuit. If you or a loved one are considering residency in a continuing care retirement community (CCRC), you may be surprised to learn about the tax benefits that could be available to you.
Long Term Care and the Generational Divide
The Genworth 2015 Annual Cost of Care Study confirms that long-term care expenses are increasing. While the cost of in-home health services is rising gradually (about 1.6 percent annually during the past five years), the annual cost of care in an assisted living facility or private nursing home is now $43,200 (a 2.5 percent increase) and $91,250 (up 4 percent), respectively.