Financial Planning

Determining whether you need long-term care insurance depends, in part, on your financial situation. The cost of a long-term care insurance policy varies considerably, depending on your age when you purchase the policy, the benefit period, and the level of benefits, among other things, but the premiums can be expensive. ...

By taking ownership of your downsizing experience, you will invest in the process and feel more positive about the outcome. Even if your family is involved in helping you make the transition, you should do whatever you can to work together to make the experience yours. If necessary, get help from a moving company you trust. Stay organized by creating a system for going through your items, and consider sketching out a floor plan for furniture placement. ...

Retiring? Understanding how your future retirement might affect your spouse is important. Let the Social Security Administration help you untangle the options associated with spouse's benefits. ...

When parents give to charity, their children are more likely to give to charity, too. The earlier they become engaged, the more likely they will continue their generosity into adulthood. ...

The transition to parenting our parents usually begins slowly. There are four important items to consider as this shift begins. ...

Leaving the home behind can be both physically and emotionally difficult, but it is a decision most older adults eventually will make. Part of the process of downsizing is finding a real estate agent to help with the process.    ...

For many people, signing up for Medicare Part B doesn’t require you to leave the comfort of home. Please visit our Medicare Part B webpage at secure.ssa.gov/acu/ophandler/loginSuccess if you’re enrolled in Medicare Part A or you would like to enroll in Part B during the Special Enrollment Period. ...

In the event of your death, certain members of your family may be eligible for survivors' benefits. These include widows and widowers, divorced widows and widowers, children, and dependent parents. The amount of benefits your survivors receive depends on your lifetime earnings. The higher your earnings, the higher their benefits. ...