Caring for Aging Parents 7/14
In-home care can be an affordable and preferable option for your aging parent. WWJ's Pat Sweeting reports.
Caring for Aging Parents 7/11
If you're a baby boomer, now may be the time to begin exploring your Medicare options. WWJ's Pat Sweeting has more in this special report.
Caring for Aging Parents 7/7
In this special report, WWJ Newsradio 950's Pat Sweeting brings us some important nutrition tips to keep in mind as we age.
Silver Alert Proposed 6/16
WWJ's Beth Fisher talks with Kristine Korpal, registered nurse, about a new notification system to help locate those with Alzheimer's and/or other illnesses.
Sonny Eliot Keynote - Art of Aging
WWJ Newsradio 950's own Sonny Eliot gave the keynote address at the Art of Aging Successfully Conference, presented by the Wayne State University Institute of Gerontology on 3/27/08.
Karmanos Doctor Honored 10/24
Detroit's "Operation Able" bestowed its highest honor on one of the area's preeminent cancer doctors. W-W-J's Jayne Bower talked with Doctor Vainutis Vaitkevicius about the 2007 Neal Shine Lifetime Achievement Award.
Sometimes it seems it takes a lifetime of character-building to prepare us for old age. The costs of medical care, nursing care and other age-related needs is staggering, and it can be frightening to contemplate. However, there are strategies anyonecan employ to maximize your finances, manage them sensibly and make them last as long as possible -- while still leaving something for your descendants.
Getting Started Financial planning for one's elder years -- whether your own or a parent's -- should begin years before bifocals and back pain. None of us knows how long we'll live, and we have to be prepared for the years when we have to live on pension, savings and Social Security.
Pension Protection: How it Works If you start noticing a little less in your paycheck, it may not be your imagination. The Pension Protection Act 2006 law allows companies to "auto-enroll" employees in retirement savings plans.
Understand life insurance needs for elderly relatives As parents or other relatives advance in age, the cost of health care, nursing homes, and other services can spiral out of control. Does it make sense for older people elderly to pay huge monthly life insurance premiums on top of the other bills they face?
Negative inheritance: The pitfalls of caring for sick and aging parents Researchers long ago projected a large portion of baby boomers would one day find themselves in what Barry Kohler, an adviser at BDMP Wealth Management in Portland, Maine, calls "the uncomfortable position of becoming parents to our parents." And now it is happening – and the trend is laying waste to a lot of financial plans.
Brophy: You Need a Harvest Strategy If you're a small business owner, you need a "harvest strategy": a strategic plan for positioning your company for an orderly monetization before or at the time of your retirement or passing.
You Aren't Immortal, Your Planning Should Reflect That Planning for one's own demise or disability makes a lot of people uncomfortable. What is the success rate of family firms transitioning to following generations? WWJ asked an expert for this Q&A report.
A Cautionary Tale About Early Retirement Dreams More than one of every five Americans age 62 and older who expected to retire early are still working, according to a recent analysis of the prevalence of unanticipated work in retirement and its consequences for the well-being of older adults.
What Documents Do I Need? A reader writes to WWJ: Is there a check list of information (financial, mortgage, insurance, auto, etc.) that children should have from their parents? We posed the question to Danielle Mayoras, attorney at the Center for Elder Law.
Dealing With Debt It isn't just young people prone to miring themselves in credit-card debt. Between 1992 and 2001, people age 65-69 saw their average credit-card balance rise 217 percent -- a frightening amount for people on a fixed income.
Investor Education:Your Next Step If you have taken an early-retirement buy-out from your employer, chances are you good that you now have the largest lump sum of cash you have ever had in your life. Once you take the buy-out, self-evaluation, not investing should be your next step.
Reverse Mortgages Reverse mortgages can be described as a form of piggy bank – for years, you put money in your house (the piggy bank), and eventually paid off your mortgage, or reduced the balance dramatically.
More Financial Resources
AARP: Money Find information on financial planning and retirement, Social Secutiry, credit and debt, tax-aide and more.
The Center for Elder Law Get information and connect with the Center for Elder Law, a full-service facility covering every legal issue affecting the lives of seniors or their families.
U.S. Administration on Aging AoA is the federal focal point and advocacy agency for older persons and their concerns. AoA works to heighten awareness among federal agencies, organizations, groups, and the public about the valuable contributions that older Americans make to the nation and alerts them to the needs of vulnerable older people.
National Council on Aging Nonprofit organization with a national network of more than 14,000 organizations and leaders with programs to help older people remain healthy and independent, find jobs, increase access to benefits programs, and discover meaningful ways to continuecontributing to society.
Michigan Office of Services to the Aging Resource for information on aging in Michigan. If you're an older adult, family member, or caregiver, here you can easily find and be referred to community programs available in your area, as well as access general health information and more.
Southern Michigan SR Alliance Offers solutions for seniors with a respected reputation in the community for senior services.
Senior Resource Line Michigan Seniors can get free information on housing, transportation, health care, classes and support grounds by calling Beaumont Hospital's Senior Resource Line.
Elder News
Wayne State University Seeks Participants for Hip Fracture Study The Hip Fracture Project at Wayne State University’s Institute of Gerontology is seeking people age 55 or older who have had a hip fracture in the last eight years to participate in a research project.
Lawsuit Filed Over Freezing Death A lawsuit has been filed against a local independent living facility over the death of Joe Louis' sister, Vunies High.
UM Study: Many ER Patients Leave Confused Many patients treated and released by U.S. emergency rooms may leave without a clear understanding of what just happened, what their what their ailment is, and what they need to do.
WSU: Older Adults at High Risk for Gambling Problems One in five older adults who enter a casino eventually displays problem gambling behaviors, according to new research from the Institute of Gerontology at Wayne State University. Problem gambling behaviors include the compulsive need to bet more andmore money, and lying to others about the amount of time and money spent on gambling.
American House & Nonprofits Working Together for Seniors The American House Foundation strives to help seniors who are struggling financially and have needs from wheelchair ramps and lifts to assistance with chemotherapy payments...Read this article and find out how they can help you.
Silver Alert System Proposed to Help Lost Seniors Help is hopefully coming for those caring for people suffering from Alzheimer’s and similar conditions. New legislation, H.R. 5898, the Silver Alert Grant Program Act, would provide funding for a system to help lost seniors.
77-Year-Old Receives New Mitral Valve Procedure In Beaumont Study Josephine Herndon, 77 was the first patient at Beaumont Hospital to receive the MitraClip system, a device under FDA-review that repairs the mitral valve of the heart without open-heart surgery.
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