More Americans are facing rising caregiver costs. The financial challenge of caring for an aging parent can also create caregiver stress. Don’t allow caring for an aging parent or spouse to become a crisis.
Regardless of whether you’re a man or a woman, Social Security will not — and was never designed to — provide all of the income you’ll need to live comfortably during retirement. At best, your income from Social Security will supplement your other sources.
When Mary's elderly mother, Lucy, had to leave the town she had spent her life in, and the home she loved, she was devastated. Mary had asked her mother, who was growing frail, with fading memory, to come live with her.
Life expectancies are almost five years longer today than they were 30 years ago, a fact that increases the likelihood you will provide some form of support for aging parents — through home care, helping out with day-to-day chores and errands, or even covering living expenses. That role can make significant demands on your time, energy and financial resources.
More than 78 million strong, baby boomers are reaching retirement age (65) at a record pace — 10,000 per day, to be exact, according to the Pew Research Center — and living years longer than previous generations. By the time all the boomers will have turned 65 in 2030, 18 percent of the nation’s population will be at least that age, according to the research center’s projections. Compare that to the population makeup just four years ago, when a little more than 10 percent of Americans were ages 65 and older.
I found out Feb. 11 that since April 2013, Medicare granted itself a 2 percent discount from doctors and medical providers with a contract with Medicare. They then sent AARP United Healthcare a form with the full payment so my supplemental insurance also did not pay the 2 percent. Meanwhile, the discrepancy had a note that local state and federal law required an adjustment.
When Amy retired a few years ago from a long career in the Army, she had a hard time adjusting to civilian life. With no family, limited income and failing health, she settled in a little trailer in a Mesa mobile home park.
Martha and Dave are in their mid-50’s and they make up the middle section of the sandwich generation. Dave’s father lives with them and his mother is in a nearby assisted living facility. They have a daughter in high school and a 26-year-old son who recently moved back home when he got laid off from his first post-college job. Baby boomers like Martha and Dave are giving up to 40 hours a week of unpaid care for elderly parents while balancing child-rearing and full-time jobs. How can they make this work?
This time of year employees at Synergy HomeCare aren’t just following daily routines of the seniors in their care, they’re often going above and beyond to work as elves for the senior citizens they take care of daily.
Are you a member of the “Sandwich Generation?” This designation — which applies to people caring for their aging parents while supporting their own children — may be applicable to you if you’re either a younger baby boomer, born in the late 1950s or early 1960s, or an older member of “Generation X,” born in the mid-1960s. But any way you slice it, being in the “Sandwich” group is probably going to present you with some challenges, particularly of the financial kind — so you’ll need to make the right moves.
Freshmen, it’s not too early to start thinking about your college plans. Your first step is to build a strong resume. If you establish high standards and work hard, you will set yourself up for unlimited opportunities when you apply to colleges in the fall of your senior year. Here are some tips to get you started:
I know the challenges that Arizona faces. I have read the countless reports outlining the investments our state needs to make if we are going to have a bright future: education, business, infrastructure, research, transportation and job creation.
The Thunder look to return to their winning ways behind a talented junior class and a group of committed seniors in 2014.Produced by David JolkovskiNarration by Jason P. SkodaInterviews (in order of appearance):Cade van RaaphorstTJ RobertsAlex FarinaDrew McIntyreCoach Dan HindsAdrian PerezAndrew MacnairSaxon McDonald