What seniors should know about eyesight and aging

Posted by Gerald J. Turner – As we grow older, our eyesight is one of the things that begins to change. While the majority of the time a senior citizen’s eyesight will never diminish to the point where they cannot function properly, you should be prepared for any vision related problems that you experience as a senior and learn how to confront them. Ophthalmologists agree that the age of 60 is when significant vision related problems generally decide to show up. The bad news is that many of these eye issues do not present any warning signs. The good news? Most are treatable. Below are a few common age-related eye and vision problems and how to treat them. Cataracts are a relatively common vision problem among senior citizens, and present as cloudy areas in the lens of one or both eyes. Blurry vision usually follows, as does a decreased sensitivity

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VA Policy Change for Older Veterans Seeking Long-term Care

he Veteran’s Administration has announced a policy change that will soon affect all older Veterans and their spouses. This policy change goes into effect on October 18, 2018, and it will make it more difficult to qualify for benefits. Many people aren’t aware that an annual tax-free benefit of up to $26,036 exists for senior Veterans and their spouses. This benefit helps pay for long-term care. The Veteran or spouse must meet certain criteria: Aged 65 or older Served during a period of war Have difficulty performing daily living tasks (such as bathing, dressing, toileting) Meet certain financial requirements Starting on October 18th, the VA will be imposing a three year look-back period on asset transfers and gifts, making it more difficult for many seniors to qualify for these benefits. Any transfers after October 18th will be subject to a penalty period lasting up to five years, during which you

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How to choose a home aide for your loved one

Posted by Gerald J. Turner – No adult likes to feel like they can’t take care of themselves. One of the unfortunate truths of growing older is that many of us will not be able to get along without a little help. There often comes a time when senior citizens require someone to help them carry out the basic functions of life. While some adult children help their parents in times like this, it is not always feasible. No matter how much you love your senior parent, you may not have the necessary medical education, time or skills required to take care of them. Most adults have full time jobs and cannot take on a second one. In these cases, families should consider hiring a professional to step in. What type of help does the senior need? First, you must determine the nature of your parent’s needs. Is there a

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When Aged Parents Refuse to Discuss End-of-Life Care

Posted by Eric P. Rothenberg – No one likes to discuss their own death, as if talking about it will somehow hasten it, or not talking about it might prevent it from happening! By encouraging your parents to prepare for the end of their lives, you are not only acting as a responsible and loving child, but you are saving time, money, and heartache for yourself and the rest of your family. All parents want to leave their children as much as they can as a legacy, and that’s precisely why estate planning is beneficial to them as well. A short answer: if they become incapacitated before signing a durable power of attorney or their will, you are out of luck and their estate will pass under intestacy laws [when there’s no will]. In approaching your parents next time, it may be best to remind them that while making end-of-life

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4 things to know about a Financial Power of Attorney

Posted by Gerald J. Turner – Most of the information you find about financial powers of attorney regards the person assigning the power to another person. However, it is essential to understand what your duties and responsibilities entail if you are named as the attorney-in-fact under an older loved one’s power of attorney. It is an important responsibility to be asked to care for another person and keep track of his or her money. Unfortunately, the adult child or other loved one who has been asked to have financial power of attorney often does not have all the information or resources they need to be successful. Here are a few tips to help you stay on the right track: 1. Do not commingle funds. It is imperative that you keep your personal finances separate from the elder’s. Money should not be mixed, nor should it be transferred from one account

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