Money And Legal − Latest Articles:

Protecting Aging Parents from Financial Predators

Category: Financial Planning

Estimates from the Aging, Demographics, and Memory Study at Duke University show that 13.9 percent of Americans over age 71 have dementia, millions of caregivers trying to protect parents from financial predators and help them manage their money. Of course, even those who don’t have a dementia diagnosis may find it more challenging to pay bills or stay on top of finances as they age. US News and World Report presents some strategies to get started, click here for more [...]

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Economy Creates Retirement Community Deals

Wall Street Journal article reports that through negotiation and a birds eye view of finances there are ways to get a deal of retirement communities and senior living options.  The article reports[...]

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107 charged in seven cities with Medicare fraud

(AP) — Federal authorities charged 107 doctors, nurses and social workers in seven cities with Medicare fraud Wednesday in a nationwide crackdown on unrelated scams that allegedly billed the[...]

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Older Workers Fear Health Care Costs

"Americans — even those who have diligently saved for their golden years — are not prepared for the reality of health care costs in retirement and don't really understand how Medicare works," says[...]

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Met Life Exits Reverse Mortgage Business

Reuters reports that MetLife Inc, the largest U.S. life insurer and reverse mortgage lender, made a surprise shift on Thursday with the sale its reverse mortgage business as part of its exit from[...]

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Social Security and Medicare Trustees Release Reports

The trustees who oversee Social Security and Medicare release their annual financial reports today. An aging population and an economy that has been slow to rebound are straining the long-term[...]

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STUDY FINDS CONTRARY TO PREDICTION, BOOMERS ARE RETIRING

More Than 60% of 65-Year-Olds Already Collecting Social Security  Despite the popular belief that Baby Boomers will continue to work well past the traditional retirement age of 65, those born in[...]

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Seniors are saddled with student loan debt?

The Washington Post reports with some interesting data regarding student loans and seniors.  The article reports that new research from the Federal Reserve Bank of New York shows that Americans 60[...]

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STUDY ON REVERSE MORTGAGES SHOWS INCREASED DEMAND

A comprehensive new study from the MetLife Mature Market Institute shows the age of those seeking Home Equity Conversion Mortgages (HECM), popularly known as reverse mortgages, has plummeted in the[...]

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