How to handle the debts of a loved one who dies When a loved one dies, settling their estate involves more than distributing assets. In many cases, it also means taking care of the person’s debts. Decades ago, older adults rarely had a mortgage, car loan, student loans, or credit card debt. But in recent […]
Older adults are often prime targets for financial scams, typically because fraudsters believe they have more money in the bank — no mortgage, no student loans, a lifetime of working and saving. If you or a Read More
Why you need a health insurance agent and how to find one When I lost my job in a company-wide layoff, I faced a multitude of concerns: How would I find a new job? How Read More
Some older adults continue to work well past retirement age — whether they have to or not Kevin O’Neil, 67, worked as a journalist for more than 30 years. The McKinley Park resident later obtained his master’Read More
Older adults prioritize healthy eating on a budget, as they adjust to inflation reality Inflation has soared in recent months, hovering around 9.1%. And grocery prices specifically have gone even higher, especially for staples such as Read More
Collect and store this emergency information before you need it. As we age, it becomes increasingly important to have medical, financial, and end-of-life information immediately available in case of an emergency. Be prepared for an Read More
Plan ahead to make your dollars go further Financial planners describe a secure retirement as a “three-legged stool” consisting of Social Security, a pension, and ample savings. But for about 40% of retired adults, retirement income Read More
Is Medicare Advantage right for you? If you’ve watched any television at all in the past 18 months, there’s a good chance you’ve seen Pro Football Hall of Fame quarterback Joe Namath encouraging Read More
A money manager can provide oversight and add value When Johanna Garsenstein visited her aging mother in Evanston, she was alarmed to see a large pile of envelopes asking for charity donations. “I knew something Read More
Understanding changes in long-term care insurance We’re two years into the Covid-19 pandemic, and it’s hard to find an industry unaffected by change. The long-term care insurance industry is no exception. As a Read More
