“Long-term care” refers to those services and supports that help persons perform everyday tasks and personal care needs. According to the U.S. Department of Health and Human Services 70% of people who reach age 65 will need some form of long-term care during their lives. Everyday Tasks Everyday tasks, also referred to as “instrumental activities
Takeaways Aging in place involves making modifications to ensure safety, comfort, and accessibility for older adults. Home modifications, measures for preventing falls, and fire and carbon monoxide safety are crucial for creating a safer environment. Maintaining social and mental well-being is also essential for older adults’ safety and quality of life. Aging in place, the
Generally, when you sell an asset, its appreciation in value from the time you acquired it is a “capital gain” on which you must pay federal and state income tax. Conversely, if the asset’s value at the time it is sold is less than what it cost to buy, the owner realizes a “capital loss”
