Since 2000, the national median age in the U.S. has increased by 3.4 years, with the largest single-year gain of 0.3 years in 2021, when the median age reached 38.8 years. This may seem young compared to the life expectancies of older Americans. However, the median...
A recent study published in The Lancet showed that only three hours of exercise a week is linked with improved physical function in older adults living in residential care settings and should routinely be promoted in long-term care facilities. McKnight’s Senior...
One of the cornerstones of estate planning for most families is to leave equal shares of inheritances to ensure fair treatment among siblings. However, equal shares aren’t always fair, especially when circumstances are complicated. In some cases, giving children equal...
AARP’s recent article entitled “10 Things Medicare Doesn’t Cover” lists some essential needs for seniors that Medicare doesn’t cover and some ways to pay for them. Opticians and eye exams. Original Medicare covers ophthalmologic expenses, such as cataract surgery. It...
If you have recently lost your job, you are not alone! Inflation has skyrocketed in the United States over the past couple of years. Some smaller businesses have been unable to survive the increased expenses, putting employees out of work, while many larger companies...
Procrastination is the most common mistake in estate planning when people don’t create a will and trusts and when documents are not updated. For one family, a revocable trust created when both parents are living presents some complex problems now, when the surviving...
Spring is associated with renewal, and as the weather gets warmer, many homeowners turn their attention to renovation projects. Each May, the home remodeling industry and the National Association of Home Builders (NAHB) celebrate National Home Remodeling Month. 2023...
Roughly one in five US adults experience a mental illness each year. Anxiety disorders are among the most common mental health conditions, affecting nearly one-third of adults at some point in their lives. While anxiety can be generalized and chronic, it can also be a...
Freddie Mac’s recent article entitled “How Planning Your Estate Can Help You Prepare for the Future,” says that estate planning refers to the process of deciding where and how assets are distributed once the original asset holder is incapacitated or has died. You’ve...
We often hear that certain politicians or lottery winners have a blind trust. But what is a blind trust, how do they work, and who typically needs one? In a typical trust, the trust maker (the grantor or settlor) establishes a trust and names a trustee (or...
As a parent, nothing is more important than your child's well-being. But what happens to them if something unexpected happens to you? That's where estate planning comes in. By creating a plan, you can ensure that your minor child is well-cared for and that the money...
As your parent's age, they may become more vulnerable to scams and fraud. Scammers often target seniors because they believe they are more trusting and may have access to retirement savings or other assets. As a loving child, it’s essential to take steps to protect...
