Aging Issues Radio Joseph Soricelli

Welcome to Aging Issues Radio with Joe Soricelli, the station that addresses the challenges of aging and provides valuable advice and education for seniors. In this episode, I discuss the important topic of housing for older adults. I explore three fundamental questions that seniors often face: Should they stay and age in place, sell and consider alternative living arrangements such as assisted living facilities, or living with their children? Additionally, I delve into the safety and financial considerations involved in providing necessary assistance as seniors age.
 
I emphasize the significance of assessing the safety of one's current house, such as stairs as a potential hazard. I suggest modifications like chair lifts or elevators to ensure accessibility. While these changes can be costly, they can significantly extend the time seniors can stay in their homes.
 
I also address the emotional and logistical challenges associated with downsizing and moving, providing insights into stress management and the use of professional services like move managers and junk removal services to facilitate the transition.
 
Tune in to this informative episode to gain practical insights and guidance on making housing decisions as you age.
 
If you’d like more information about aging issues, visit my website at https://agingissuesmgnt.com, call me at 914-468-0186, or email me at joe@agingissuesmgnt.com.
 
Please make sure to subscribe to Aging Issues Radio so you won’t miss the latest episodes.

This is Joe Soricelli of Aging Issues Management. I have 35-plus years of experience helping people age into and through retirement, answering both their financial and life strategy questions.  
 
Are approaching or in retirement?  Would you like to save more and reduce taxes? You’ll want to know more about the SECURE Act 2.0
 
In this episode of Aging Issues Radio, you’ll learn how to have a better retirement under the SECURE Act 2.0.
 
·         Did you know that the RMD (required minimum distributions) age has increased to age 73?
·         Did you know the IRA catch-up contribution limits are going up?
·         Did you know there are special rules for ages 60, 61, 62, and 63?
·         Did you know that employer matching contributions could be used to reduce student loans?
·         Did you know employers can create a special emergency savings account that works like a Roth IRA?
·         Did you know the Department of Labor is going to create a Retirement Saving Lost and Found?
·         Did you know that Long Term Care contracts can be purchased early with retirement plan distributions?
·         Did you know how regular people can afford to deal with a professional?
 
If you trust someone with your money, they are your fiduciary. You should know how they get paid, what they are going to do for you, and what to expect. Dealing with a fiduciary is a best practice and your fiduciary should recognize that they must have your best interests in mind. 
 
If you’d like more information about the SECURE Act 2.0, visit my website at https://agingissuesmgnt.com, call me at 914-468-0186, or email me at joe@agingissuesmgnt.com.
 
Please make sure to subscribe to Aging Issues Radio so you won’t miss the latest episodes.

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