Finances Articles

How much does it cost to live in a senior community? This is the first and most important question for most families beginning their search for senior living options. Understanding your loved one’s typical expenses and then budgeting appropriately are necessities with which a Senior Living Advisor can provide help. After reviewing the costs of living alone or with in-home care, you may find senior community living more affordable than you would expect.

Parent in Debt? What Do You Do?

are you parents in debt? what to do

are you parents in debt? what to doAs you contemplate your parents’ need for assisted living, memory care, skilled nursing, or in-home care, you may be worried to discover that they have more debt than you realized.

What if they have a mortgage or home equity loan with a substantial balance? Or a car loan that they’ve been struggling to pay off? Or a credit card that is …Read more ›

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Your Pre-New Year Retirement Countdown

Your Pre-New Year Retirement Countdown

Your Pre-New Year Retirement CountdownAs you prepare to count down to a new year, have you also considered your retirement readiness?

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Should You Sell Your Life Insurance Policy?

Should You Sell Your Life Insurance Policy-

Should You Sell Your Life Insurance Policy-If you can’t afford life insurance premiums into retirement and you’re considering surrendering your policy, don’t throw in the towel just yet. Instead of getting little to nothing for your policy, you can work with a life settlement company to secure a solid chunk of your benefit—without paying further premiums.

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How Can Seniors Boost Their Credit Score?

how can seniors boost their credit scores?

how can seniors boost their credit scores?Recently, we highlighted 5 reasons credit scores matter for seniors. As Freddie Huynh, Freedom Financial Network’s vice president of credit risk analytics, points out, a good score gives seniors options. On the flip side, he cautions that a low score can limit choices. So what can you do when your score is lower than …Read more ›

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Understanding Medicaid Rules

Understanding Medicaid Rules

Understanding Medicaid RulesYour parent’s assets are dwindling after several years in assisted living. Now you are worried: How can my parent continue living in the place he or she calls home? Medicaid is the national social safety net that can be used for long-term care for low-income individuals, but there are rules, regulations, and eligibility requirements you should know. …Read more ›

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Do Credit Scores Matter for Seniors?

Do Credit Scores Matter for Seniors?

Do Credit Scores Matter for Seniors?Buying a home, leasing a car, and refinancing a student loan—all of these activities take credit scores into account. But since most of these investments seem geared toward young adults rather than seniors, you might assume credit scores lose value past a certain age. Unfortunately, that kind of thinking can hurt you.

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The Biggest Barriers to Veterans Pension Benefits

The biggest barriers to veterans pension benefits

The biggest barriers to veterans pension benefitsBetween a complicated application and eligibility process, misinformation about veterans benefits, and outright scams, it’s no wonder that Aid and Attendance is the most underutilized VA benefit. (more…)

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Top Scams Targeting Veterans (and How to Avoid Them)

Top scams targeting veterans and how to avoid them

Top scams targeting veterans and how to avoid themWith countless financial outlets promising to help veterans and their families offset the cost of senior care, how can you distinguish the shysters from legit operations?

Here, we highlight the most common financial scams that target veterans—and ways to avoid them. (more…)

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Success Stories: The Difference Veterans Benefits Can Make

Success Stories: The Difference Veteran's Benefits Can Make

Success Stories: The Difference Veteran's Benefits Can MakeDid you know that veterans and surviving spouses who are eligible for a VA pension and require the aid and attendance of another person may be eligible for additional monetary payment? Though the Veterans Aid and Attendance benefit is often overlooked, it can make all the difference in the world for those who qualify.

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Benefits for the Veteran’s Spouse

Benefits for the veteran's spouse

Benefits for the veteran's spouseThe surviving spouses of wartime veterans may not realize it, but they may be eligible for the Veteran’s Aid and Attendance pension benefit by virtue of their husband or wife’s military service. (more…)

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