Your mother saved money her whole life. The goal was to give you a better future once she passed away so that you could support yourself and your children. You’ve always learned that saving was a good way to protect yourself against the ups and downs in life, but...
by James J. Flaherty, Jr. -- As I noted in my previous post, Connecticut’s Governor, Ned Lamont, has issued a number of Executive Orders which affect the provision of legal services in Connecticut. My prior post involved the operation of the probate court system. That...
You have recently realized that you’ve been having more trouble with your memory. You have called your children by the wrong names and sometimes forgotten that you had to feed your pet or even that you have one at all. This is a terrifying thing to notice in yourself,...
One out of every 20 American seniors is a victim of financial abuse. Still, experts fear the impact is much more severe as many seniors don’t report being victimized, fearing that they will lose their independence. A 2015 study on elder financial abuse says only one...
Unfortunately, most people become more vulnerable as they grow older and seniors are the most-likely group targeted by scammers and others who seek to benefit by taking advantage of age-related conditions. Many families are slow to address these vulnerabilities, and...
According to a study by the Urban Institute and the U.S. Department of Health and Human Services, approximately half of Americans 65 or older will become disabled. Of those individuals, about 14% will need at least five years of long-term care. Without proper...
Financial abuse of seniors is estimated to rob elderly Americans of billions of dollars each year. A study by AIG Life & Retirement says 47% of seniors age 65 and older still manage their own finances. Other research shows as we get older, our financial literacy...
Even though many people in Connecticut believe that they will never need long-term care, the issue is more prevalent now than ever before given how health care costs have been going up lately. And, as touchy as the subject may be, people need to prepare for it...
Connecticut residents should be thinking about future long-term care needs and how to pay for them today. Roughly 70 percent of those who are age 65 or older will need long-term care at some point. While a person has the option of paying for the associated costs of...
You may be like numerous other Connecticut residents who decided that moving into a nursing home was the best option for you. You may only need some extra help due to a physical limitation, and you don't feel comfortable living on your own any longer. Maybe you don't...