With hundreds of health care policies to choose from, many boomers guess when choosing a policy and end up paying too much for a plan that doesn’t cover what they need, according to the National Council on Aging (NCOA).
By Alan Edwards, Social Security Public Affairs
In the unfortunate event of a family member’s death, survivors may experience not only emotional difficulty, but a financial burden, especially if the family’s main wage earner has died. In such cases, Social Security survivors benefits will help.
Only a little over half (56%) of American parents have a will or living trust document, according to a new Caring.com survey of adult children.
Nearly one-third of parents (27%) do not have estate documents in place and 16% of adult children are unsure if their parents do. Of those that do have a will, 40% have updated it in the last 1-5 years. Twenty-four percent of adult children don’t know if...