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Who will care for aging Americans if the flow of immigrants is curtailed?

Immigrants play a big and growing part of providing care for America’s elderly parents and grandparents   Gerald F. Seib explains the critical role of immigrants in caring for America’s elderly in The Wall Street Journal (Jan. 28, 2018): How a Heated Immigration Debate Might Affect Grandma’s Care  “America is getting older. Some 10,000 baby…

Long Term Care Insurance: Pros and Cons

“Stiff annual premium increases are making long-term-care insurance unaffordable for some retirees, and the high cost can be traced to few insurers remaining in the market, writes Darla Mercado. Yet, with annual nursing home costs approaching $100,000, such policies may be worth holding on to if possible, she writes.” “Near-retirees wanting to shield themselves from…

Living ‘With the End in Mind’

“Death is the last thing most people want to think about, yet nothing could be more important—especially with advancing age or after a bleak diagnosis—than preparing for the end and understanding how it can happen. These days, such thinking is likely to include learning about palliative care, a specialty that began with the hospice movement…

How to talk to aging parents about money

When you were a kid, your parents probably talked to you about money, perhaps about the value of a buck or how you might spend your allowance. As time marches on, you may find the situation reversed—and that you have to have the “money talk” with your parents. Adult children sometimes feel concerned that they’re…

Financial decisionmaking decline in older adults

 A recent study confirms that seniors become more confident in their ability to make financial decisions at the same time that their financial knowledge and decision making skills are declining… an ominous combination. “Although episodic memory and financial literacy score decline at roughly the same rate after age 60, confidence in financial decision-making ability remains…

TOOLS FOR FINANCIAL CAREGIVERS

Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions.  This can be very overwhelming.  But, it’s also a great opportunity to help a loved one and protect them from scams and fraud. The CPBP Office for Older Americans has resources for financial…