Boomers

A reverse mortgage can really turn things around for seniors who are struggling to get by. But, when does (and doesn't) it make sense to cash in on your home equity?

As one of my friends puts it, "There's nothing worse than being old -- except being old and being broke."

It's a simple fact: As we live longer, we may find ourselves outliving our savings accounts. Pensions and social security often don't keep up with inflation, and then there are the kids who need help, the new roof, the prescriptions not covered by medical insurance, and all those other expenses that keep coming long after a regular paycheck has stopped fattening the savings account every month.

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Robert Banfield, Nancy Schieck Banfield, Jeanne Banfield Hawkins

As our parents get older, where can we turn for advice and information to help us deal with everything?

My husband John and I were having dinner with two other Boomer couples. We've been friends for years and were catching up on our lives and families. Near the end of the evening, a friend commented, "We used to get together and talk about the challenges of raising our kids. Now we get together and talk about our aging parents."

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ADVISOR ANSWERS

Q: My sister told me there's a connection between aluminum and Alzheimer's disease and suggested I throw out my aluminum pots and pans. She also told me that there's a lot of aluminum in antiperspirants, and that I should switch to just deodorant. Is this necessary?
-- W.T., Del Mar, California

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What can you do if you think fraudulent telemarketers are scamming your parents?

Consumers lose billions of dollars a year to telemarketing fraud. Scam artists often target older people because they tend to be trusting and polite toward strangers, and are likely to be home and have time to talk with callers. You can empower your parents and others by discussing rip-off tip-offs, explaining their rights, and suggesting ways to protect themselves.

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Wielding a defibrillator might seem like an intimidating endeavor, but knowing how it works could help you save someone's life one day.

You've seen it on hundreds of TV shows -- paramedics arrive on the scene to tend to a heart-attack victim, and they whip out an electrical device that seems to jump-start the patient back to life. Could you jump into the paramedic's place to save that heart-attack victim's life?

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Older adults and those in the hospital are at increased risk for deep vein thrombosis (DVT).

Every year, approximately 2 million Americans are affected by deep vein thrombosis (DVT), a blood clot in the thigh or leg. Approximately 600,000 experience pulmonary embolism (PE). For up to 200,000 of those with PE, the blood clot in the lung proves fatal -- almost twice as many deaths per year as AIDS, breast cancer, and highway fatalities combined.

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Active adult retirement communities are as varied as the people who populate them. Take your time doing your research and you're sure to find one that's a good fit.

As the years roll on, some Boomers will choose to sell their homes for a variety of reasons: to save money, to downsize, to be closer to family. Builders of retirement communities are doing a better and better job of discovering what features make these communities appealing to Boomers.

If you're considering an active adult retirement community, here are 10 steps to starting your research.

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ADVISOR ANSWERS

Q: How can I be an effective caregiver from far away? I don't feel comfortable just jumping in, but I think my help is needed.

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Business woman

Survey of female executives finds gender bias in Corporate America.

The best-selling book Men Are From Mars, Women Are From Venus is all about the male-female relationship. Using humor, author John Grey makes a very important point: men and women think differently. Sometimes the difference is so pronounced, one would think men and women come from different planets.

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