Appealing an SSI or SSDI denial can be a long and frustrating process, but persistence matters. Many successful claims are approved only after one or more appeals.
While most people say they worried about affording long-term care, few take steps to discuss it with a financial planner.
The ‘affordability crisis’ is fueling a surge in financial elder abuse, including ‘inheritance impatience’ and ‘inheritance preservation’ schemes. Pushed to their financial limits, adult children are asking parents to hand over their wealth early, or to stop spending it.
A durable power of attorney is an extremely important estate planning tool, but many people delay completing this vital estate planning step until it’s too late and they no longer are legally capable of doing it.
As boomers live longer, spend more in retirement, and hold onto their homes, many younger adults are discovering that the inheritance they hoped would help level the playing field isn’t coming, or will be far smaller and far later than expected. This widening intergenerational homeownership gap has consequences for Americans on both ends of the spectrum.
