Answers to Money Questions

Answers to Money Questions

Whether you've been a savvy investor, a shrewd saver, or have always lived paycheck to paycheck, once you become a senior, your financial landscape will change. After age 65, you're eligible for Medicare, which means, depending on your health circumstances, that you may be able to carry less (or no) private health insurance.

If you're considering retiring, you'll gradually find out if your savings and investments will carry you through, or if you will need some kind of supplemental income. Retirement planning strategies are becoming more sophisticated everyday, what would work best for you?

On the other hand, if you're helping a parent move into an assisted living community, you'll quickly discover that long-term care insurance for you is the best present you can give your children.

How much does senior living cost? What is Medicaid, anyway? When should you start collecting Social Security? We're bringing the information you need together in one place so you can make the decisions that will help you live a secure, rewarding life.

Long-Term Care Insurance: Our Parents Have It, Should We?

Many American Baby Boomers, already confronting a difficult economic environment, are ill-prepared for the negative impacts of a long-term care event and have ignored the lessons learned through the experiences of their parents.

Fourteen Facts About Women's Risky Retirement Outlook

Women in the United States face multiple financial risks. Here is how they can improve their retirement outlook.

Reverse Mortgages Can Come With Big Risks and High Costs for Seniors

An increasing number of seniors may be misled into signing up for a complicated financial product that may squander their equity prematurely or put them at risk for losing their homes.

Unique Retirement Risks and Inadequate Planning Create Perilous Paradox For Women

Unique Retirement Risks and Inadequate Planning Create Perilous Paradox For Women

Women who take charge, do the math, plan for contingencies and work with their partners and/or financial advisors have a better chance of securing their finances in retirement.