FREEBIES MONTH #5 More
Elderly Live Alone
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Almost 52% of women (4 million) who are 75 years old or older live alone. This compares with only 21% of men the same age (1 million) according to the Bureau of the Census. The numbers of Americans 75 years and older now tops 12 million, compared with 7.5 million in 1970. |
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Elderly Care For Older |
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More than 50,000 Americans who are 70 years old themselves have at least one surviving parent. Many of these 70-year-olds are caregivers for the elderly parent. | ||||||||||||||
Planning |
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People don’t plan for their financial future for a number of reasons and get short shrifted as a result. | ||||||||||||||
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Waiting to the time just before retirement to sit down and plan is often too late! |
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Social Security: When To Start |
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If
you retire at age 62, your benefit will be reduced for every month before
age 65 and the month your retire, to a maximum of 20%.
If you retire after 65, your benefit will increase for every month after 65 and the month you retire. If you wait until 70 to retire, your benefit will increase by as much as 20%. On the other hand, if you start drawing benefits at 62, you will be receiving benefits over a longer period of time and will probably end up getting about the same in total benefits. In many instances, it can take as much as 12 years of collecting, beginning at age 65, to break even if you had started collecting at age 62. |
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Free Drugs |
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Most major drug companies provide free medication, especially lifesaving medications, to those who cannot afford the cost. Generally, a doctor’s consent to provide the medication and proof of the patient’s financial hardship are required. | ||||||||||||||
Drug Misuse Cost |
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Misuse of drugs and adverse interactions cost the healthcare system $76 billion a year, according to the National Consumers League. Drug misuse also accounts for 25% of hospital admissions for those 65 and older. Accidental drug overdoses, failure to follow directions, failure to use proper dosages and to complete a course of the drug all lead to complications and often hospitalization. |
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Dementia Tips |
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Relating to and communicating with a confused or person with Alzheimer's can be tricky. | ||||||||||||||
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Tomatoes Help Prevent Cancer |
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Harvard researchers have found that a high intake of tomatoes and tomato products substantially reduce the risk of prostate cancer in men. This is attributed to bycopene-a carotenoid and antioxidant more powerful then beta-carotene. | ||||||||||||||
Weight Loss Product Dangerous |
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Ma Huang, an herb found in some weight loss products, can cause severe adverse reactions, even death, if not used properly according to the Environmental Nutrition Newsletter. Steer clear of this, especially if you have a heart condition, high blood pressure, diabetes or thyroid disease. |
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Avoid Joint Ownership |
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The
American Bar Association recommends against using joint ownership (unless
with a spouse) for bank accounts, the family house, and other assets. Reason:
“Joint ownership does not protect you nearly as well as a durable power
of attorney.”
Joint owners can use the assets as their own. Power of Attorneys involve a fiduciary (accountability) element. This material is copyrighted by Carol Abaya Associates and cannot be reproduced in any manner, print, or electronically. |