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Living Almost Entirely on Social Security: Here’s How Millions of Retirees with Few Other Resources Plan to Cope

“What does Social Security mean to you?” Ask the average senior that question and you’ll get a range of answers. For some, those monthly deposits fall in the “nice to have” category, a little extra to make retirement a bit easier. But for millions of others, Social Security is an absolute necessity, and the only … Read more

Can You Be Too Focused on Saving Money? For Some, Extreme Frugality Can Become a Personal Finance Problem and a Mental Burden

Advice about saving money has been woven into our consciousness since we were kids. For generations, American youngsters have heard the same well-worn advice: “Save for a rainy day!” “A penny saved is a penny earned!” “A fool and his money are soon parted!” The translation is clear – the key to happiness and security … Read more

Are Funeral Expenses Tax-Deductible? For Most People, No – But There Are Exceptions, and Strategies to Manage Burial Costs

Let’s consider a simple hypothetical. Your aging father passes away, and as his executor you’ve just finished paying out cash from his estate for his funeral expenses. The thought crosses your mind – “I wonder if these costs are tax deductible?” Or perhaps you’re setting aside funds for your own memorial service one day. You … Read more

As You Consider Where to Retire, Consider These 10 Criteria to Help You Decide if a Retirement Spot is a Good Fit

When you finally retire, where would you like to live? Most people approaching retirement have probably played that little mind-game a hundred times. “If I could live wherever I want,” we ask ourselves, “where would it be?” That can indeed be a fun exercise, but there’s more to deciding where to live in retirement than … Read more

Supreme Court Says Families of Medicaid Patients Can Sue Nursing Homes That Violate Patients’ Rights

When it comes to making sure that residents of nursing homes, particularly those residents who are on Medicaid, are being properly cared for, whose job is it to enforce the standards of care? Do the families of residents have any standing before the court in cases where mistreatment is alleged? Surprisingly, based on the way … Read more

If You’re Embarking on a Second Marriage, Now is the Ideal Time to Discuss Touchy Subjects – Like Prenuptial Agreements

Love is in the air, and for many that means marriage. Marriage, of course, brings a set of joys and challenges all its own. But for those about to marry for the second time (or more), there are particular issues that need to be dealt with in a clear-eyed fashion, to avoid misunderstanding down the … Read more

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