Mary’s husband passed away after 55 years of marriage. She was diagnosed with early stage dementia, and lived alone for a while. She was depressed and didn’t make much contact with others. Her daughter convinced her to move to an … [Read more...]
Tax Advantages and Overlooked Deductions for Retirees
Q. April 15 is quickly approaching, and my husband and I are planning on doing our taxes soon. As retirees, I know that there must be some deductions that we may be overlooking. Of course, similar to most seniors on a fixed … [Read more...]
The Financial Problems of CCRCs
A Continuing Care Retirement Community (CCRC) is an age-restricted community where, in most cases, incoming residents must be at least age 55 or older. The facilities offer independent-living units, assisted living units, and … [Read more...]
Military Families Feeling Financially Stretched by Elder Care
Captain David Steere’s father was a Class of 1931 Naval Academy Graduate. At the end of his life, he was living in assisted care and having trouble making ends meet. David is now retired from the Navy himself, and is concerned … [Read more...]
Critter Corner: What Exactly is a CCRC and Is It Right for My Mom?
Dear Ribbit,We are looking for the right living arrangement for my mother. We have considered assisted living (AL), but she will likely need more care that an AL facility can provide in a couple of years. I heard about … [Read more...]