Study after study reveals that older adults with a sense of purpose, a sense of meaning in their lives, enjoy greater well-being and live longer than those without a life focus. They also have better cognitive and physical health and suffer less from depression, suggesting that purpose is an important component of a healthy and satisfying elderhood.
From October 15 to December 7 each year, Medicare enrollees have the option to change their insurance plans. For prescription drug coverage, which is only offered by private insurance companies, it pays to shop around. Even if you have been happy with your current plan, drug prices and premiums change from one year to the next. It’s a good idea to compare. There could be hundreds of dollars at stake.
If your adult child has cut off contact, you are not alone. An estimated 11% of parents are estranged from their adult kids. That’s 1:8. But you wouldn’t know it to hear others talk.
There is such a stigma around the issue that estranged parents rarely talk about it with others. Instead, they tend to cover things over.
Did you know that we usually outlive our ability to drive safely by six to ten years? As we age, we naturally modify how we drive to address physical changes: Stiff joints, poor vision, slow reflexes. But a time will come when it’s simply unwise to continue behind the wheel.
When imagining an age-friendly house, many people think of ramps for wheelchairs and walkers. Indeed, ramps are essential—if and when they are needed. There are, however, modifications for the outside of a home that simply make daily life and basic maintenance easier. They help prevent falls by addressing the common conditions of arthritis, poor eyesight,…
If you have more than one child, deciding how to distribute your assets among them may prompt some angst: If and how should your will or trust reflect your understanding of their different needs? According to a Merrill Lynch study, two-thirds of parents over age 55 are open to the idea of unequal bequests. “Fair”…
Mild cognitive impairment (MCI) is the medical name for memory problems that exceed the “normal forgetfulness of aging” but are less than associated with an Alzheimer’s diagnosis. If you have received a diagnosis of MCI, you are at risk for continued significant cognitive decline. Each year about 10–15% of persons with MCI receive an Alzheimer’s…
Elder law focuses on the special rights, needs, and challenges that arise in the context of simply growing older and planning for possible care needs. Attorneys specializing in elder law take a holistic perspective. They acknowledge the interplay of health, family, disability, and housing, as well as emotional and financial issues. Consider a consultation for:…
Activities that are easy now may become more difficult in the future: Going up and down stairs, standing up from sitting, getting in and out of the tub, catching your balance if you start to slip. . . . As you consider aging in place, it is wise to keep these issues in mind, particularly…
Life has a way of throwing us curveballs. The unexpected death of a spouse—or a divorce—can certainly wreak havoc on your emotions. It can also throw a wrench in your finances. If you are age 62 or older, here are some Social Security basics to bear in mind as you regain your financial footing or…
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