Did you know the odds of choosing the perfect bracket for the NCAA men’s basketball tournament are incredibly small? The odds are so small that even mathematicians argue on the actual estimation of the odds of winning.
Some believe the odds of winning March Madness are as low as 1 in 9.2 quintillions (or 1 in 9,223,372,036,854,775,808 for you detailed readers). While others think the odds are closer to 1 in 128 billion. Either way, picking all the games correctly is borderline impossible. Continue reading
While exercise, eating healthy, and quitting smoking are important steps for a long, healthy life, good relationships can also increase your lifespan. People with strong social relationships increase their odds of survival by 50% over time.
Aging presents physical and mental health challenges making social isolation rampant among older adults who lose mobility, lack transportation, or live away from family. Social isolation can lead to an increase in depression, loneliness, and even a shorter lifespan. Continue reading
Aging in America is being transformed by the baby boomers, the 76 million Americans born between 1946 and 1964. Over the next decade, this generation will face both opportunities and potential crises. Their effect on aging in America is only their next stop as baby boomers changed every stage of life since their beginning. Continue reading
What does it take to be a supercentenarian in the United States? You earn the title of supercentenarian when you’ve lived to be at least 110 years old after surpassing centenarian status (living to age 100). There have been over 700 validated claims of American supercentenarians by the Gerontology Research Group.
As of January 20, 2018, the oldest living American is Delphine Gibson, born August 17, 1903 in South Carolina. She has lived 114 years, 156 days, and is still going strong. The next runner-up is Lessie Brown who was born September 22, 1904 in Georgia and has lived 113 years and 120 days. There are currently 52 living American supercentenarians with 1 emigrant supercentenarian living in Spain. Continue reading
Almost everywhere around the world, people are living longer and fewer children are dying. While this is great news, it comes with a different kind of challenge. People who are living longer are dealing with more chronic diseases, disabilities, and the effects of old age later in life which are taking a big toll. Continue reading
It’s safe to say, no one buys insurance because they hope they’ll use it. Insurance is often associated with something bad or negative happening. Most people think about insurance once a year during Open Enrollment at their work, or if a life event takes place which makes them think about getting covered.
There are a few exceptions to this. For example, you may pay for medical, dental, or vision insurance through payroll deduction at work. This is coverage all people can benefit from with annual preventive care visits to help you stay healthy. Continue reading
The holiday season is a time of giving and sharing special moments with the ones you love. As you decorate the tree and string the lights, don’t forget about an important gift you can give to yourself and your family–the gift of a long term care plan. Continue reading
A paid-off mortgage is a huge financial win, especially if you are nearing retirement. Owning a home free-and-clear is a significant achievement of your working years.
Yet, a paid-off home should only be part of your retirement plan. Consider these three things to make sure you are ready for retirement. Continue reading
Are you planning for health care costs during retirement? If so, you may be like most people who are underestimating these expenses.
While Medicare Part A coverage is free for those who qualify, it only covers a portion of hospitalization. Other Medicare coverage is not free such as Medicare Part B, supplemental insurance, or prescription plans. In addition, you should consider other out-of-pocket health care costs when planning your retirement budget. It’s estimated Medicare will only cover 50-60% of your health care needs. The premiums and out-of-pocket costs will only continue to go up as time goes on.
A long term care event in the family can cost you. And not only financially. While long term care events can be very expensive when help is needed for activities of daily living, the overall cost to individuals and families aren’t just limited to financial costs. The true cost of long term care involves several other aspects you may not realize.