Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.
According to a 2025 report, the median monthly cost of assisted living can exceed $5,000, raising valid concerns about financial security. Navigating these costs and understanding resident rights is crucial, prompting many to ask: can assisted living take your money?
According to the U.S. Department of Health and Human Services, most people who enter assisted living will eventually need long-term care services, making financial planning crucial. Understanding **what happens to your money when you go into assisted living** can alleviate stress and help you prepare for the future.
Did you know that nearly 11,400 Americans turn 65 every day? This milestone birthday triggers major life changes regarding health, finances, and lifestyle. This comprehensive guide will walk you through exactly **what to expect when you turn 65**, helping you navigate this new phase of life with confidence.
Did you know that over half of U.S. states have laws on the books that could hold adult children financially responsible for their parents? Answering the question of **who is legally responsible for an elderly parent?** involves navigating complex state-specific laws, pre-existing agreements, and careful proactive planning.
According to the National Funeral Directors Association, the median cost of a funeral was $8,300 in 2023. This makes understanding **what kind of insurance is senior life insurance** a critical part of financial planning for your later years, ensuring your loved ones are not burdened with final expenses.
According to the U.S. Census Bureau, the population aged 65 and over is projected to grow significantly, making a focus on this life stage more important than ever. Many view age 65 as a milestone, signaling retirement and a shift in priorities, but it's not a finish line; it's a new starting point. For those asking, "What should a 65-year-old be doing?", the focus should be on proactive planning across multiple areas of life to ensure a secure, healthy, and fulfilling future.
According to the U.S. Census Bureau, the senior population is projected to grow significantly, increasing the demand for senior-specific financial products. With that in mind, many seniors find themselves asking: **is it worth getting life insurance at 75**?
Over half of U.S. adults feel they don't have enough life insurance coverage, with many seniors unsure if they still qualify. The good news is that for those entering their golden years, it is absolutely possible to buy whole life insurance, though the details of coverage and cost may differ from a policy purchased earlier in life.
According to the National Center for Assisted Living, over 800,000 Americans live in assisted living facilities. Deciding what happens to your house when you go to assisted living is a critical step in this life transition, involving both emotional and financial considerations.
According to the Centers for Medicare & Medicaid Services (CMS), the average annual cost of a private room in a nursing home is over $100,000. The significant cost of long-term care fuels a common fear that a facility will take a resident's life savings and assets, a misconception that warrants a clear explanation of what can a nursing home take versus what is legally protected. This guide explains how payment for care works, what assets are exempt, and the critical role of Medicaid in covering expenses.
