Elder Care ABC

We’ve all seen it over the past months. Whether it was our parents’ investments tanking or a huge loss in your family’s budget due to job losses, we’re all feeling the pinch of the economic times. Yet home health care costs continue to rise. Don’t dismay – there are a few tricks up our sleeves [...]

The transition of responsibility for money management is rarely a smooth transition. During the process you will likely discover your parent has a very different way of managing finances and records than you do. When possible, work together through the transition. Review his or her checkbook, bank statements and financial documents together. Many of us [...]

Caring for elderly loved ones-who are these older folks? As one caring for elderly loved ones, have you noticed that the elderly population is growing?   The projections for those who will be caring for the elderly are somewhat astounding. The Administration on Aging: U.S. Department of Health and Human Services’ A Profile of Older Americans:2007 [...]

An itemized deduction falls under one of the following categories: Medical and dental expenses, taxes paid, interest, gifts and charity, casualty and theft losses, expenses and miscellaneous deductions. Taxpayers who wish to claim medical and dental expenses must use the itemize deduction option and present documented evidence to substantiate the amount being claim. The itemized [...]

When there is a birth of a child, or an adoption of a child, you look at ways to save money for the upbringing of such child. Here are some important methods. Before discussing the methods, it is important to remember that you need to get a social security number for your child. For claiming [...]

25 Easily Overlooked Tax Deductions – A Simple List You Can Refer to When Preparing Your Tax Filing If you are one of the millions of Americans who throws all their receipts, credit card and bank statements into a box, you are likely to overlook hundreds of dollars in tax deductions when preparing your tax [...]

IRS Income Tax Return 2008 – 3 Tips For Easy IRS Tax Return For 2008 IRS income Tax return 2008 is a bit different than the returns for last year. Thats because the government has and in fact in next few days will come up with new guidelines that will help individuals as well as [...]

Are you worried about your parent’s ability to maintain independent living? While many factors determine whether living alone is safe, a recent study indicated that those with early-stage Alzheimer’s disease show such rapid declines in financial skills that this can signal a need for senior assistance sooner rather than later. The study, conducted at the [...]