Senior Financial Planning

Americans over 50 are carrying more credit card debt than ever before. Payment protection plans can offer an emergency safety net, but there are a few important things to know before signing up.

Many skilled nursing facilities offer residents the option of setting up a trust fund into which money can be deposited to pay for care and personal needs. Such accounts are supposed to simplify money management for seniors, but they also come with risks.

Discover the truth behind the top 8 retirement planning myths, and learn strategies for properly managing your money in retirement.

The are two government programs that provide assistance for disabled and ill individuals: Social Security Disability Insurance (SSDI) and Supplemental Security Income (SSI). If your loved one meets certain criteria, they may qualify for SSDI and/or SSI.

The world of hospital bills and insurance claims can be confusing, but medical billing advocates are specially trained to help patients and their families make sense of all their paperwork and save money by detecting costly billing errors.

Discover tips for how to manage credit card debt during retirement.

Payday loans may be an especially bad choice for elderly adults, many of whom have limited budgets and fixed incomes. Learn what makes these loans so dangerous.

Crowdfunding can help family caregivers harness the power of the internet to help offset a loved one’s medical and long-term care expenses.

Adult children and their parents are often uncomfortable discussing elder care and financial issues. But proper planning requires those nearing retirement to have honest an dialogue with their offspring.

The majority of American adults may have to continue working into their late 70s or early 80s to make sure they can cover their expenses once they stop working, says a new study from the Employee Benefit Research Institute (EBRI).

So-called, "senior checking accounts," may not be very senior-friendly. Your elderly loved one might be losing money if they're depositing checks into a senior checking account.

Cost is a major factor in choosing an independent living community, assisted living facility or nursing home. When planning for long term care costs, seniors should anticipate paying even more for room, board and care over time.

The "4 percent rule," has taught retirees that if they spend no more than 4 percent of their nest egg each year, their savings will last 30 years. But, the rule may need some adjustment, in light of today's economic reality.

Family caregivers could all use a little extra cash. Many try to be thrifty to offset the costs of caring for aging loved ones, but some budgeting strategies could end up costing you more money in the long run.

Financial talks with aging parents don't have to be awkward or emotional. If you’re struggling to get started, use these seven tips from financial advisors to ease into discussing money and aging with Mom and Dad.

Retirees can make mistakes managing their financial situation when it comes to retirement. Finances can be tricky to handle once you retire and sometimes require the expertise of a professional.

We retain health records, financial statements and tax documents just in case we need them, but this can be overwhelming for caregivers who store their loved ones’ files, too. Use these tips to organize what you should keep and purge what you shouldn’t.

Family caregivers face a great deal of emotional, physical and often financial stress. While your focus may be on managing an aging loved one’s health care and money, it’s crucial to make your personal finances a priority as well.

Financial planning for your elderly parents is an important part of helping your parents plan for their future. A certificate of deposit (CD) may offer a viable investment choice for elders when they are financially planning.

Unpredictable economic and governmental factors, older retirement ages and minimal savings paint an uncertain financial picture for Baby Boomers and Generation X.