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Financial Issues of Older Adults

  • Sharon A. DeVaney

Abstract

This chapter highlights three important concerns regarding older adults. The concerns are (a) how to finance the increased number of years of retirement, (b) to provide for adequate health at the very old ages, and (c) that older women, especially minorities, are likely to be more economically disadvantaged than older men. To respond to the first and third concerns, older adults should consider working past the typical retirement age of 65 to increase retirement savings and delay the receipt of Social Security benefits to their full retirement age or age 70. To respond to the second concern, older adults should practice healthful behaviors.

Keywords

Older Adult Medicare Part Precautionary Saving Emergency Fund Reverse Mortgage 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer Science+Business Media, LLC 2008

Authors and Affiliations

  • Sharon A. DeVaney
    • 1
  1. 1.Purdue UniversityWest LafayetteUSA

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