Couples with reverse mortgages face huge problems if only one name is on the title, and that person dies. It's the plight of the non-borrowing spouse.
When naming beneficiaries for your life insurance policy, you're likely to pick your spouse and children. But naming a trust instead can have benefits.
Rather than settling down in traditional assisted living facilities, some boomers turn to shared homes, pocket neighborhoods and co-housing communities.
The steep cost of caring for the elderly continues to climb. The median bill for a year in a nursing home is now $91,250, according to an industry survey.
A Milken Institute study identifies the best cities for successful aging based on a broad range of categories, and the winners include some surprises.
Personal emergency response systems, sensors, medication reminders and even virtual pets help the elderly keep their independence and age in place.
Single women need to invest differently and consider a long-term care policy, experts believe. Women who outlive their husbands faces similar issues.
Dread the thought of an old folks home? Despite their reputation, many retirement communities offer a surprisingly lively and youthful atmosphere.
Housing is most people's biggest monthly expense, and the one most likely to be a budget buster. For many seniors, that problem is likely to get much worse.
New federal and state laws are raising awareness for families to pay taxes for domestic workers -- and the potential backlash.
Many people aren't prepared to pay for the care of their aging parents, a new survey concludes.
With perseverance and planning, you can break free from the sandwich generation cycle so that you don't become a burden on your own children.
Having a conversation with your parents about long-term care is difficult but necessary. Here are suggestions to make having that talk a bit easier.
Americans used more health services and spent more on prescription drugs last year, though greater use of cheaper generic drugs helped control spending, a report says.
It's hard enough to plan your own retirement, so what should you do when you discover your parents haven't saved enough for theirs?
There are penalties for late enrollment in Medicare Part B and Part D. You could lose your right to buy Medigap coverage. Tests ordered at your annual checkup may cost you.
Many older Americans fear that a long illness will leave them broke in retirement. The traditional answer was to buy long-term care insurance - but is it still the right one?
Once Obamacare is fully implemented, you may think all our health care needs will be covered. But there's at least one gap you may not have considered: long-term care.
In your 50s and beyond, health care costs loom more ominously than ever before, but there are steps you can take to help minimize the impact on your finances.
It won't be long before the baby boomers begin needing old-age care. But if the trends continue, there may not be enough caregivers to go around.
When the dynamic between adults and their parents shifts because of aging or health issues, it's time to have some important –- but difficult -– conversations...