The rise of bankruptcy in the lives of aging Americans

The golden years are turning into bankruptcy red for many retired and aging Americans. While medical advances are keeping seniors alive longer, the associated healthcare costs in the quest for longevity are being off-loaded onto the older individual at a time when reduced income is a hallmark of senior living.  Older Americans are increasingly filing…

Preparing Seniors for Winter

Like the Boy Scout motto, the key to keeping seniors safe and sound during the winter is “be prepared.” There are several ways that seniors and their loved ones can prepare for winter and the hazards that go along with the colder weather. Things to think about include preparing the home, having adequate supplies, and…

Estate Planning and Retirement Considerations for Late-in-Life Parents

Older parents are becoming more common, driven in part by changing cultural mores and advances in infertility treatment. Comedian and author Steve Martin had his first child at age 67. Singer Billy Joel just welcomed his third daughter. Janet Jackson had a child at age 50. But later-in-life parents have some special estate planning and…