Mother's Day Gift IdeasMother's Day is such a special day for most of us, especially the older we get.  We have a better understanding of the value our Mother's provided to us all those years. Does your Mother who live in an Assisted Living, Nursing Home or a Memory Care Center?  If so, it can sometimes be a bit of a challenge to find appropriate gifts for those special holidays.  Here are some tips on gift giving.

If your Mother is in a nursing home you can always purchase new clothing.  As we age, we can easily fluctuate in size, so it might be a good idea to see how her current clothes are fitting to assure you are purchasing the right size.  It is always a good idea to label your Mother's clothing before leaving it with her.  There are iron-on labels available to make this easy.
Here are some more gift ideas for Mother's Day

House slippers (full back - non-slip sole)
Throw blanket (Make sure it is washable and tag it with her name)
New Family Pictures (Keep a family picture frame updated in your Mother's Room. Also an album with various pictures are good too)
Books ...

Read more

If you are a Diabetic or have a Diabetic in your family, you might want to check out this recipe guide.  Lots of good recipes and information.

Don't forget to visit our Recipe section for more great dishes and senior cooking tips!

Alzheimer blood testResearchers believe there may be a blood test that can predict who is about to develop Alzheimer's Disease or early memory loss up to two years before first symptoms occur.  This test, developed by teams at Georgetown University and the University of Rochester, seem especially accurate in relation to past tests.  Alzheimer's affects more than 5 million Americans and it's projected to jump to 13 million over the next 35 years.  Head over to NBC News to read the rest of this article.

tax identity theftHave you wondered about identity theft lately?  This article from Reach Magazine, gives 7 tips to steer clear of the latest cyber crime.

Identity theft has hit online tax filing in a big way. The newest band of identity thieves file taxes online under stolen names to get fraudulent returns. The IRS issued about $3.6 billion in refunds for fraudulent tax returns in 2011, according to a report from the U.S. Treasury Department.

If you’re hit, it can take months to sort out the mess and clean up your tax record, says Scott Mitic, Senior Vice President of Equifax Personal Solutions. Here’s what you can do to help prevent tax identity theft before it happens.

1. File as early as possible.
Once a return has been filed under a specific Social Security number, the IRS won’t allow a second. If you file early, you’ll lessen the chances of a thief filing in your name.

2. If you can’t file, get a PIN.
Filing early may not be feasible. However, if you know you’ll be filing electronically, go to the IRS.gov website and get your electronic filing personal identification number (PIN) number. Without that PIN, you — or anyone else — can’t ...

Read more

Take a look at Contributor, Michael Ruggiero's newest "Your Money Matters" spot on WGN regarding Market Expectations & 2013 Tax Tips. Please leave us any questions you may have on the topic. Also, don’t forget to check out Michael Ruggiero’s You Tube page for more informative videos on retirement planning!


Thank you to Michael Ruggiero, MBA | Financial Advisor with Ameriprise Financial Services, Inc. for sharing this information. Visit our Financial Planning section to read some of Michael’s articles on retirement planning.  Don't miss the two articles that relate to this video:

Searching for Seeds of Opportunity in 2014

Easing off: Changes at the Federal Reserve

 

changes federal reserveEasing off: Changes at the Federal Reserve
Russell Price, Senior Economist, Ameriprise Financial
On December 18, the Federal Reserve announced that it would soon reduce the number of fixed income securities it purchases under its program commonly referred to as “quantitative easing” (QE3).

Beginning this month, Fed purchases of U.S. Treasury securities will drop to $40 billion per month from $45 billion, and its purchase of mortgage-backed securities will be cut to $35 billion per month from $40 billion. Current Federal Reserve Chairman Ben Bernanke further indicated that the central bank would likely pursue a steady reduction in its purchases over the next several months, but cautioned that officials would consider halting the cut-backs if economic activity were to deteriorate.

What it all means for interest rates …

The key question for investors and the economy is this: As the Fed reduces its purchases, will interest rates rise to economically disadvantageous levels? We do not believe so. First, we believe improving economic conditions should allow the Fed to steadily reduce its program of purchases over the first half of 2014, eventually eliminating the ...

Read more