Every adult -- especially seniors -- should have at least four essential legal documents to protect them and their family. These documents will make sure your wishes regarding your estate are legal and clear, and will help minimize any conflicts and confusion with your family and your health care providers if you become seriously illness or when you die.
Whether or not you are required to file a federal income tax return this year will depend on how much you earned (gross income) -- and the source of that income -- as well as your filing status and your age. Your gross income includes all the income you receive that is not exempt from tax, not counting your Social Security benefits, unless you are married and filing separately.
Currently there are an estimated 2 million LGBT seniors in the United States; by 2030, that number will more than double. For those of us working to meet the needs of this growing and vulnerable population, the future is now. We must address the glaring need for housing that is inclusive, accepting and affordable for older LGBT adults.
Over the last decade, reverse mortgages have been aggressively pitched in TV ads as an easy way for seniors to cash in their home equity to pay for living expenses. However, for many, improper use of the product -- such as pulling all their cash out at one time -- has led to significant financial problems later, including foreclosure.
While Medicare covers a wide array of health care services, it certainly doesn't cover everything. If you need or want certain services that aren't covered, you'll have to pay for them yourself unless you have other insurance or you're in a Medicare Advantage health plan, which may cover some of these services. Here's a rundown of what original Medicare generally does not cover.