Takeaways
Retirement planning confidence varies significantly across generations, influenced by economic factors and unique challenges.
Current retirees advise paying down debt, beginning to save early, and utilizing employer-sponsored plans for successful retirement.
Adapting to changing financial realities and seeking professional advice from financial…
Takeaways
Republicans are pushing to repeal the federal estate tax, which they call the “death tax,” arguing it burdens family businesses and farms. Democrats contend it is a key tool for reducing wealth concentration.
The tax currently applies to a small percentage…
Takeaways
The Campos v. Kijakazi lawsuit addressed problems with overpayments and benefit reductions for Supplemental Security Income (SSI) recipients during the COVID-19 pandemic.
A settlement was reached. It provides automatic relief for about 250,000 SSI recipients and new guidance for nearly 2…
Takeaways
Medicaid, a vital program providing health care for low-income individuals, is facing potential funding cuts that could significantly affect older adults and people with disabilities.
Proposed reductions in Medicaid funding may lead to states cutting benefits, restricting eligibility, and reducing health…
Takeaways
Pairing senior adults with senior pets offers mutual benefits, including companionship and reduced loneliness for humans, and a loving home for older animals.
While there are challenges like health costs and emotional considerations, supportive programs and careful planning can make these…
Takeaways
The WISH Act proposes a federal long-term care insurance trust fund to provide monthly funds for long-term care expenses after a waiting period, aiming to support aging in place and reduce reliance on Medicaid.
Potential benefits include increased access to home-based…
Takeaways
Dementia is a growing global health concern, and while there is no cure, research suggests a potential link between shingles vaccines and a decreased risk of developing dementia.
Studies have shown that older adults who received the Zostavax shingles vaccine had…
Takeaways
Social Security is a vital source of income for millions of Americans, especially seniors, but the system faces insolvency by the mid-2030s, potentially leading to benefit cuts.
There is an ongoing debate about privatizing Social Security, with some advocating for individual…
Takeaways
Family problems can become legal issues when a loved one needs end-of-life care or passes away, leaving an inheritance.
A comprehensive estate plan can help your loved ones avoid family fights by addressing potential issues before they become legal challenges.
An estate…
Takeaways
The demand for long-term care services is rising due to an aging population and a shortage of health care professionals.
The costs of long-term care have been escalating, including in-home care, assisted living care, and nursing home care.
As most of us…
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