True or False? The Average Home Equity of Medicare Beneficiaries is just over 10K

According to a new report by the health-care nonprofit, Kaiser Family Foundation, one in four Medicare recipients has less than $12,250 in home equity. While a small share of the Medicare population lives on relatively high incomes, most are of modest means, with half of the people on Medicare living on less than $23,500 in 2013.

The report cites how our income disparity distribution will affect Medicare beneficiaries well into 2030 with only a few ending up enjoying high equity and assets. This means as policy makers consider decreasing federal Medicare spending to meet the deficit, there are questions as to whether or not the next generation Medicare beneficiaries as whole, will be able to bear a larger share of costs. Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

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Economy Returning to Normal, is it Hype or Real?

If you are ‘semi-retired’ and still running a small 15 to 30 year business then you have a significant interest in whether the economy is really turning around. The hype that we are back to ‘normal’ or at least on the way might be true for geographic pockets in the US. The upswing in economy, especially the tech sector, has made a good number of people extremely rich. US News, Money and Personal Finance section, has a sobering article that suggests caution in believing that the economy is in fact returning to what is called the ‘old normal.’  Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Older Women are Figuring out Difficult Financial Retirement Issues

A good resource site dedicated to providing factual information on educating older women in ways to improve their financial quality of life. Women’s Institute for a Secure Retirement (WISER) is dedicated to the retired or retiring woman. WISER, has a newsletter subscription service. Their latest newsletter tackles questions on how to take distributions from retirement accounts. There are rules, taxes and laws that require pulling out of retirement savings at a certain age. Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Smart Marketers Know the Aging Business is a Huge Opportunity

Think about all the things we can do to serve and sell to the enormous expanding aging population. A reported $7.1 trillion in economic transactions is attributed to older people and their lifestyle and consumer demands. 60+ people see opportunities and profits where others see problems in aging. As is always the case with tapping into a new market, the entrepreneur sees profits where others see problems. Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Baby-Boomer Women are Increasingly Home Sharing

It was inevitable that the trend of women home-sharing as they got older would occur. The baby-boomer generation of women fully understood the importance of girlfriends throughout their lives. Now, as women turn the page on their 60s and 70s they once again are actively aging and engaging with the understanding and support of other women who share their ideals, lifestyles and laughter.

The movement of co-housing is growing, it’s a place where a resident has a private living space but shares a community area. These collective centers are rapidly growing in Europe, the US East and West Coasts. Glacier Circle in Davis, California is the nation’s first senior cohousing neighborhood. Only a woman knows how critical to her happiness another women is. A true woman friend is worth her weight in gold. 1 in 3 baby boomer is an unmarried woman , it is not surprising that as women age alone they choose other women to live with in close knit communities. Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

If you set up a Living Trust do you Still Need a Will?

Trusts are complicated, variable, a moving target throughout life, expensive in the making and require sound advice before venturing into one.

A trust is a legal tool and it may or may not be useful. It is a legal entity that enables you to put conditions on your assets and their distribution after you die. It also helps minimize estate taxes and avoid probate. Is it the right tool for you? Maybe not since estate taxes only kick in at about $5 million per individual. Married couples have more than $10 million exemption. A trust isn’t something you do yourself. Start with a reputable estate planning attorney or financial planner, the cost is $1500 to $3,000 depending on specialization. More about Trusts Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC

Should You Give Up Your Day Job at 65?

The best advice is here, and it’s “don’t give it up” because you may never get another one. The interesting twist in this article is “Why all the resentment” towards retirees today getting Social Security and Medicare? Seems the baby boomers have this tag line following them called ‘self-indulgent.” Mary Ann Doucette is President of Doucette Medical Supply, Ltd. aka Doucette Medical Supply, LLC