Healthy Living for Later Years: Financial Wellness

UNL Extension Resources for Older Adults

Financial WellnessAt no other time in life do people have as many financial decisions to make as they do at age 50 and beyond. Some examples of key financial issues for older adults include:

  • Retirement planning
  • Social Security
  • Pension plan distribution decisions
  • Long-term care insurance
  • Medigap and Medicare
  • Investment withdrawals to provide regular income
  • Estate planning

Publications

Assessing the Need for Long-Term Care Insurance (NebGuide): This Extension publication discusses long-term care costs and payment options.

Make Sure It's Done the Way You Want: Advance Directives Participant Guide. Advance directives allow people to give instructions for their future medical care in the event they are unable to communicate their wishes due to illness or incapacity. This program explains requirements and limitations of advance directives according to Nebraska law, discusses forms for a Nebraska Power of Attorney for Health Care and a Nebraska Living Will Declaration, includes a brief glossary of terms related to advance directives and identifies resources for more information.

Long Term Care: What Is It, Where Do You Get It and How Do You Pay For It! With the impending retirement of the baby boomer generation, the need for resources to care for seniors is poised to grow exponentially. The term “long-term care” is used to describe a variety of care options, delivery systems and service providers. This lesson will provide learners with in-depth knowledge of care methods, cost of care, how services are financed, as well as who provides care to our nation’s elderly and disabled adult citizens.

Solving Financial Problems, G1827. This publication explains the processes to help people work through financial issues that prevent them from paying their bills.

Investment Alternatives, EC481. Learn about the relative risks and benefits of various investment alternatives from savings bonds to precious metals.

Investing for Retirement, G2097.This publication provides an initial review of investing for retirement. (See also NebGuides G1925, "Before You Invest;" EC481, "Investment Alternatives;" and G2098, "Investing for Education."

The Four Financial Phases of Retirement, G1831. Retirement ... what does it mean to you? Are you prepared to enjoy this part of life? Being prepared for retirement means actively planning ahead for those years. See what to expect with the four financial phases of retirement.

Other Resources

What Older Adults Need to Know about Money.

Benefits Checkup. A service of the National Council on the Aging. A free, easy-to-use service that identifies federal and state assistance programs for older Americans.

Department of Veterans Affairs:  A very useful site for those eligible for veterans benefits. Topics include pension benefits, health care, burial and memorial benefits, and appeal information.

Social Security Administration:  This is the official web site of the Social Security Administration. This site features nearly anything you need to know about Social Security benefits. Useful information includes how to locate and contact your local SSA office and online planners.


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