An estimate puts the average cost over a 20-year retirement at about $157,000. That’s almost double the estimate in 2002.
Category: Elderly
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States Try Easing the Burden of Long-Term Care’s High Cost
Seeing their own financial benefits, too, Washington and California are among the states creating programs to help older residents.
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Hospice Is a Profitable Business, but Nonprofits Mostly Do a Better Job
Nearly three-quarters of hospice organizations are now for-profit. Complaints of fraud and profiteering are growing.
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Supreme Court Rules That States Are Not Entitled to Windfalls in Tax Disputes
In a unanimous decision, the justices sided with a 94-year-old woman who got nothing when the state sold her condominium to recoup unpaid taxes.
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Backup Power: A Growing Need, if You Can Afford It
Extreme weather linked to climate change is causing more blackouts. But generators and batteries are still out of reach of many.
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Why Older People Can’t Get New Mortgages
Despite solid financial track records, many older Americans have a hard time refinancing because of their mortality risks and lower retirement incomes.
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Check Fraud Is on the Rise. Here’s What You Can Do to Prevent It.
The New York Times – Business:Even as fewer people use paper checks, there have been more reports of criminals stealing them from mailboxes and changing the dollar amount and name of the recipient, officials say.
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More Retiree Health Plans Move Away From Traditional Medicare
The New York Times – Business:Retirees whose former employers offer health coverage are being shifted to privately run Medicare Advantage, often against their wishes. The change saves millions for employers.