For seniors who often find themselves in the ER, complications from diabetes is the most common culprit, new research shows. Not only that, these chronically ill patients remain in the hospital longer and require more treatment and resources, noted the authors of the study. It was published in the Jan. 28 issue of the Annals…

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Retirees will continue to face financial difficulties over the course of 2019, stemming from perennial problems like pensions, personal finances, social security benefits and even leftover debt from student loans. This is according to a column at MarketWatch examining the current state of the financial landscape for retirees, and accompanying data from the Federal Reserve…

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The 401k account balances of baby boomers were nearly $30,000 lower in June 2023 than they were by the end of 2021, showing that those in or near retirement are having a harder time recovering financial losses than younger generations. This is according to data from Fidelity Investments, as reported by USA Today. “By the…

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Putting off retirement planning is common among healthy seniors — to the point where a substantial majority of them would rather think about dying than how to plot out their remaining living years. Three-quarters of respondents to a survey from Home Instead, Inc., a home health provider, said they felt more comfortable thinking about funerals…

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Over 80 percent of people aged 50 and over plan on living at home as they age, and 75 percent say that failing health would be a factor that would push them toward residence in an assisted living facility, followed by the loss of the ability to drive at 30 percent. This is according to…

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The Federal Housing Administration (FHA) ties a growth rate to mortgage interest rates on HECM credit lines, Resch explained. “With higher rates, the available line of credit grows faster,” Resch told the publication. This is a different result compared with clients who have other kinds of home equity loans, who are seeing available cash proceeds…

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It’s always a good idea to use caution when having some summer fun — and that includes preventing burns from barbecues and other heat sources. An expert from UT Southwestern Medical Center offers tips for avoiding heat-related pitfalls, including grilling and metal playground equipment during extreme outdoor temperatures. “Concrete, metal and even plastic surfaces sitting…

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Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from…

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Older Americans from the baby boom generation are increasingly becoming renters after downsizing their existing homes, with experts attributing the move to competition in the broader housing market, according to data from Harvard University’s Joint Center for Housing Studies (JCHS). “Over the decade from 2009 to 2019, the total number of renter households was up…

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