Finances Articles

How much does it cost to live in a senior community? This is the first and most important question for most families beginning their search for senior living options. Understanding your loved one’s typical expenses and then budgeting appropriately are necessities with which a Senior Living Advisor can provide help. After reviewing the costs of living alone or with in-home care, you may find senior community living more affordable than you would expect.

Top Scams Targeting Veterans (and How to Avoid Them)

Top scams targeting veterans and how to avoid them

Top scams targeting veterans and how to avoid themWith countless financial outlets promising to help veterans and their families offset the cost of senior care, how can you distinguish the shysters from legit operations?

Here, we highlight the most common financial scams that target veterans—and ways to avoid them. (more…)

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Success Stories: The Difference Veterans Benefits Can Make

Success Stories: The Difference Veteran's Benefits Can Make

Success Stories: The Difference Veteran's Benefits Can MakeDid you know that veterans and surviving spouses who are eligible for a VA pension and require the aid and attendance of another person may be eligible for additional monetary payment? Though the Veterans Aid and Attendance benefit is often overlooked, it can make all the difference in the world for those who qualify.

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Benefits for the Veteran’s Spouse

Benefits for the veteran's spouse

Benefits for the veteran's spouseThe surviving spouses of wartime veterans may not realize it, but they may be eligible for the Veteran’s Aid and Attendance pension benefit by virtue of their husband or wife’s military service. (more…)

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Helping Your Parents Sell Their Home

helping your parents sell their home

helping your parents sell their homeIt’s not easy helping your parent move from the home where she’s accumulated so many memories—and so much stuff! I speak from experience, as my sister and I just helped my mother sell the home where she had lived nearly half her life. (more…)

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How to Save Money in Senior Living

How to Save Money in Senior Living

How to Save Money in Senior LivingOne of the objections that families encounter when broaching the subject of senior living is: It’s too expensive. But is it really? While you need to give ample consideration to the cost of senior living before making a decision, the surprising fact is that it may not be much more than your parent’s current living expenses. And in some cases, it …Read more ›

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A Financial Look at Alzheimer’s Disease Care

shutterstock_389065987Over five million Americans and their families live with Alzheimer’s disease. Between long-term care, medical services, mental care, and hospice, Alzheimer’s disease can rapidly burden families with both emotional and financial stress. In order to help alleviate the financial toll, the Alzheimer’s Association, along with the National Institutes of Health (NIH), annually summarizes the costs families can expect to pay for quality Alzheimer’s …Read more ›

Ways to Avoid Elder Fraud & Financial Abuse

shutterstock_418792501As technology advances, hackers and thieves find new ways to target people of all ages. Senior citizens often find themselves the victims of financial abuses such as exploitation, fraud, pyramid schemes, and other scams. Each year, the elderly lose millions of dollars to scammers with little to no assistance in recovering their lost assets. The National Council on Aging claims the top ten financial scams …Read more ›

Low-Cost Fall Activities and Events for Assisted Living Residents

shutterstock_398306194With leaves changing colors and temperatures beginning to cool, fall is in the air. Luckily, communities host a variety of fall events for people of all ages to welcome the new season with fun and entertainment. Aging adults in senior living communities can enjoy low-cost fall activities and events in their local community with family, friends, and other community members. Consider spending time with your parent or …Read more ›

A Simple Guide to Helping Senior Veterans with the A&A Program

shutterstock_385515673The United States has long provided its veterans with the necessary tools to live happier, more comfortable lives. Programs such as the G.I. Bill finance college tuition while others assist with healthcare or homeownership. Senior veterans may even rely on programs to maintain a consistent quality of life. Unfortunately, many aging vets do not know about the VA’s comprehensive Aid and Attendance and Housebound Improved Pension (A&A) …Read more ›

Using Your Social Security Benefits to Assist with Senior Living Costs

shutterstock_349776407Most seniors over the age of sixty-five rely on Social Security as a significant source of income. According to the Social Security Administration, “Social Security benefits represent about 39 percent of the income of the elderly.” As many aging Americans approach retirement and begin to plan for eventual senior living arrangements, they may have questions about Social Security and Supplemental Security Income (SSI), as well …Read more ›

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