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The leadership of the Senate Aging Committee has something to cheer about this week. The Treasury Inspector General for Tax Administration (TIGTA) says that eight individuals have been arrested for their role in an IRS impersonation scam that for months has been a focal point for the committee. The suspects are accused of stealing nearly $8.8 million from more than 7,000 victims by impersonating Internal Revenue Service (IRS) agents.
If you’re among the thousands of older Americans who depend on marijuana for a host of medical-related reasons -- e.g., everything from glaucoma to arthritis to cancer treatments -- you may want to consider moving to Canada. The Canadian government has announced plans to consider new legislation to legalize marijuana, therefore fulfilling a promise Prime Minister Justin Trudeau set out on his campaign trail.
The body's natural instinct is to move. Yet, various studies have found that an American adult spends from eight to ten hours a day sitting.
California Insurance Commissioner Dave Jones is encouraging all Californians to understand their financial needs as they move toward retirement in recognition of National Retirement Planning Week. People are living longer than ever before so it is important consumers evaluate how much money the...
The Stanford Center on Longevity has named “Biza Chair,” a student entry from Brazil’s Centro Universitário Newton Paiva, as the winner of its “Chair Challenge” – a one-time special prize associated with the Center’s annual Design Challenge competition. The Biza Chair team describes its entry as seeking to provide ergonomically accurate support for older persons, based on clinical studies and in-lab experiments. “Biza,” the team explains, is a colloquial term in Brazilian Portuguese for “nana” or “grandma.”
Generations Beat Online, an e-publication for journalists who write about issues that affect older people, is praising “Late Show” host Stephen Colbert and, at the same time, slamming “Daily Show” host Trevor Noah for aging-related remarks the two comedians made about newly installed HUD Secretary Ben Carson.
A new study shows that the parents who take on the greatest college debt repayments tend to be those who are black, have two children 17 or older with college-related debt, have a college degree themselves, and are upper-middle income or high-income earners. The average debt was around $21,000. High-income parents repay an estimated $30,000 in college debt on their child’s behalf. This could have implications for parents, such as delaying retirement.
The Government Accountability Office’s recent analysis of characteristics of student loan debt using data from the Departments of Education (DoEd), Treasury, and the Social Security Administration (SSA) from fiscal years 2001- 2015 shows that for older borrowers subject to offset for the first time, about 43 percent had held their student loans for 20 years or more. In addition, three-quarters of those older borrowers had taken loans only for their own education, and most owed less than $10,000 at the time of their initial offset.
The annual online shopping frenzy is in session, which means consumers need to be on the lookout for cyber scams, from phishing emails to malicious advertisements, fraudulent apps and illegitimate coupons and surveys.
As the years go by and mom and dad age, life can become complicated. Certain things are practically impossible to prepare for, while others, like finances, can and should be organized and taken care of early on. What do you need to know about your parents’ finances? &nb...
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