Monthly Archives: July 2025
Leaving An Inheritance Is Overrated
Imagining what your children will do with the money they inherit from you is more an exercise in wishful thinking than a concrete plan for most people. Most retirees do not have any savings left when they die, and what assets they do have disappear during probate as Medicaid and other creditors come to… Read More »
Think Twice Before Depending On Your Kids To Be Your Caregivers In Your Old Age
If you grew up in a multigenerational household, you probably have fond memories of family togetherness. You could find a friend in your grandparents when your parents were too impatient with your childish behavior, and your parents understood what the then-contemporary world was like in ways that your grandparents did not. You remember the… Read More »
The Student Loan Debt Crisis Is Coming Soon To Retirees
Living paycheck to paycheck gets old quickly, and by the time gray hairs appear on your head, it is downright exhausting. When you are in your 50s, you are at your peak earning potential, but try not to dwell on that thought for too long, because it is depressing to think that this month’s… Read More »
Medicaid Is for Seniors, Too
When we hear about Medicaid in the news, it is usually in the context where children are the beneficiaries. While Medicaid does provide medical care for the poorest children, the ones who do not have health insurance and whose parents cannot afford to pay the children’s medical expenses out of pocket, it also provides… Read More »