Legal and Finance for Seniors

Is Assisted Living Tax Deductible?

The costs of placing an elderly loved one in assisted living can be very expensive. Typically, Assisted Living facilities and communities are private pay. If you have been paying for assisted living for quite sometime

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Guide to Long Term Care Insurance

Long term care insurance is a private insurance policy that can help pay for medical and non-medical long term care services that are typically not covered by Medicare, Medicaid or other health insurance policies. Insurance

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Estate Planning

Estate planning is important. It needs to be very particular and are to be executed with highly precise verbiage. After all, later on when push comes to shove and if beneficiaries start fighting, the individuals

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10 Things to Know about Reverse Mortgage

Reverse Mortgages are becoming popular in America. The U.S. Department of Housing and Urban Development (HUD) created one of the first. HUD’s Reverse Mortgage is a federally-insured private loan, and it’s a safe plan that

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Ready to Retire?

Are you considering retirement anytime soon?  If you are, keep in mind that retirement is not cheap. Based on recent studies, experts estimate that you will need at least 70 % of your preretirement income

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5 Smart Ways to Survive a Recession

    As you know, we have been experiencing one of the most challenging times in our country’s history.   Saving Tips In This Article: Spending Wisely Paying off Your Debt Investing Working Hard Thinking

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Energy Saving Tips

With the current economic condition and global warming issues, many people have been looking for significant ways to conserve energy.   Here is a list of 20 simple ways you can save considerable amount of

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Money Saving Tips for Seniors

Times are hard. With this economic condition, it is very important to use your money wisely. Spending less money means more savings for you. In This Article: Shop Wisely Save on Food and Entertainment Discounts

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Tax Preparation Tips For Seniors

Getting ready to file your taxes? Here are important tips to help you avoid some of the common errors with the standard deduction for seniors, the taxable amount of Social Security benefits, and the Credit

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How To Choose A Tax Preparer

Will you be paying someone to do your tax return? If so, it is very important to choose a tax preparer wisely. Since you will be legally responsible for what’s on your tax returns even

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Tax Saving Tips

Tax season is here again. Everyone would love to avoid paying a hefty amount of money in taxes, don’t you? But how? If you are interested in finding out ways on how you can lower

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Eating Healthy Within Your Budget

Eating healthy doesn’t mean spending more money or buying expensive healthy foods. You can eat healthy on a budget by planning ahead and choosing healthy foods that give you more nutrition for your money. As

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Summer Energy Conservation Tips

Ready to enjoy summertime without having to worry about your energy bill? These tips are designed to help you choose effective ways to reduce your energy bill. Some measures may not be relevant depending on

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Medicare Preventive Services

Now is the time to get the most out of your Medicare. The best way to stay healthy is to live a healthy lifestyle. You can live a healthy lifestyle and prevent disease by exercising,

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Understanding Medicare Billing

Understanding Medicare Billing To help the person you care for manage medical expenses, it is important understanding Medicare billing. Knowing about premiums, deductibles, co-insurance, co-payments, and which insurance pays first or second when the person

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Medicare Plan Choices

Medicare Plan Choices Updated: May 8, 2024 by Catharine D. Allado These are your options under your Medicare plan: The Original Medicare Plan, Medicare Advantage Plan and Medicare Prescription Drug Plan.   In This Medicare

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Medicare Prescription Drug Coverage

Medicare Prescription Drug Coverage Updated: May 8, 2015 by Catharine D. Allado Medicare offers prescription drug coverage for everyone with Medicare. This is called “Part D.” This coverage may help lower prescription drug costs and help

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Medicare Advantage Plans

Medicare Advantage Plans Medicare Advantage Plans are health plan options that are part of the Medicare program. They are provided by private companies that are approved and contracted with Medicare. If you join one of

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Understanding Medicare

Understanding Medicare can cover many of your health care needs. Today’s Medicare is working with private companies approved by Medicare that provide different ways to get your health care and prescription drug coverage in the

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Debt Free Living Tips

As older adults near their retirement years, having more financial freedom is important to enjoy a stress-free life after retirement. In This Article: Introduction to Debt-Free Living How to Know if You Have A Debt

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Advance Directive vs. Living Will

What are the differences between advance directives and living will? Advance directives are oral and written instructions about future medical care should your parent become unable to make decisions (for example, unconscious or too ill

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Biggest Retirement Mistakes

Retirement planning is very crucial, especially for seniors. It includes managing all our investments, savings, 401k, IRAs and other assets. As we near our retirement age, we want to make sure that the risk factors

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Medicare Prescription Drug Coverage

Medicare offers prescription drug coverage for everyone with Medicare. This is called “Part D.” This coverage may help lower prescription drug costs and help protect against higher costs in the future. It can give you

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Medicare plan choices

These are your options under your Medicare plan: The Original Medicare Plan, Medicare Advantage Plan and Medicare Prescription Drug Plan. The Original Medicare Plan-This is a fee-for-service plan that covers many health care services, supplies

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Understanding Medicaid

Understanding Medicaid is important for older adults. Good health is important to everyone. If you can’t afford to pay for medical care right now, Medicaid can make it possible for you to get the care

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