#elder-care

#elder-care

Three octogenarian nuns who gained a global following after breaking out of their care home and moving back to their abandoned convent near Salzburg have been given leave to stay in the nunnery until further notice, church officials have said. The rebel sisters Bernadette, 88, Regina, 86, and Rita, 82, all former teachers at the school adjacent to their convent broke back into their old home of Goldenstein Castle in Elsbethen in September in defiance of their spiritual superiors.

What if your parents have no retirement savings? This is an issue that a Reddit user is currently dealing with. His parents are Baby Boomers who, he says, exhausted their funds five years ago - although they only told him when they were on the brink of homelessness. Because of health problems and age-related constraints that make work impossible, the user stepped in to support them and to manage their finances.

A Home Equity Conversion Mortgage (HECM) is the most popular form of a reverse mortgage. Insured by the Federal Housing Administration (FHA), it allows cash-strapped seniors over the age of 62 to convert a portion of their home equity into cash, equal payments stretched out over a period of years, or a home equity line of credit, to use when the need arises.

"They said, 'Dr. K, we know what you are looking for, but, you know, we don't have any curry-serving facilities,'" she recalled.

If you're counting on Medicaid to pay for long-term nursing home care, the funds in your IRA may impact eligibility for coverage.

They have very little savings and are barely making it on $2,200 per month from Social Security and minimal income, struggling with bills.

I wish I could say I was surprised Cuomo canceled his visit to the Peter Cardella Senior Center rather than face working-class New Yorkers hurt by his policies, but the former governor has spent his entire mayoral campaign dodging public scrutiny.