Protect your assets: Why you need a will
By Marcia Z. Siegal
Death can be an unpleasant topic, but it is important to think about which family members or friends you want to inherit your property and other assets after you are gone. Having a will can help give you peace of mind and assure your money and other possessions are left to the people you designate.
Older workers face opportunities, challenges after retirement
By Michael Hanisco
Whether it’s needed to pay the bills, a way to earn extra pocket money, or simply a strategy to stay engaged with others, many people end up returning to the workplace after retirement. According to the U.S. Bureau of Labor Statistics, between 1977 and 2007, the employment rate for workers 65 and older rose by 101 percent.
When elder financial abuse occurs within the family
By Marcia Z. Siegal
Financial exploitation is the fastest-rising form of elder abuse – costing seniors more than $36 billion each year – and more than half of those who victimize seniors financially are family members, the National Center on Elder Abuse (NCEA) reports.
Funding crisis is looming for PCA’s Emergency Fund
Philadelphia Corporation for Aging’s (PCA’s) Emergency Fund for Older Philadelphians, which provides crisis assistance to help low-income seniors to purchase food, fuel, medications and other necessities, is itself in crisis and may have to shut down soon if it doesn’t receive additional donations. Its balance is less than half of what is was last year at this time, according to Chris Gallagher, director of PCA’s Helpline call center, who oversees fund distribution.
Having the retirement you want
By Sally Friedman
“Retirement.” The word inspires dueling emotions, and when it crops up, those emotions can run high. People’s take on retirement can be as varied as how they see themselves, their lives and their natures. Exploring the future can be daunting, but retirement is more than just an abstract concept for many who are at or near what is generally regarded as “retirement age” – which, based on American culture and tradition, seems to hover around 65.
Help preventing foreclosure
By Marcia Z. Siegal
Nothing can rip away your sense of peace and security more than the prospect of losing your home to foreclosure because you are behind on city property taxes or mortgage payments. And this growing problem is hitting close to home in Philadelphia. According to Philadelphia City Council, foreclosure petitions filed for unpaid property taxes have risen 1,200 percent in the past eight years. Philadelphia mortgage foreclosures also are on the rise from 4,000 per year. But help is available for those who need it.
Aging Research & Issues: Feb. 26-March 2, 2018
- Medicaid Demonstrations: Evaluations Yielded Limited Results, Underscoring Need for Changes to Federal Policies and Procedures. GAO-18-220: Published: January 19, 2018. Publicly Released: Feb 20, 2018. About one-third of Medicaid’s spending goes toward demonstrations, which allow states to test new approaches to delivering Medicaid services. Do they save money? Improve care? The short answer is that states and the federal government don’t fully know. We found that the federal government did not require complete and timely evaluations from the states, so conclusive results were not available. Click on right to select full report or highlights.
- Hearing Impairment Increases the Risk of Distal Radius, Hip and Spine Fractures: A Longitudinal Follow-up Study Using a National Sample Cohort. So Young Kim, Joon Kyu Lee, Songyong Sim, and Hyo Geun Choi. 2018. PLoS ONE, 13(2): e0192820. Hearing impairment has been suggested to increase the risk of falls. However, most previous studies were conducted in an older population without classification of the fracture regions. This study aimed to delineate the risk of each fracture type in all age populations.