Finances


What is a Contingent Beneficiary?

A contingent beneficiary receives a beneficiary-named account if the primary beneficiary can’t or won’t do so. They’re “second” beneficiaries who more or less wait in the wings, just in case.


Protect Your Parents from Common Digital Traps

Older Americans continue to make enticing targets for scammers. According to a report from the FBI, seniors lost almost $1 billion to elderly scams in 2020. 


A Guide to Retirement Planning for Seniors

Planning for retirement can be exhilarating and a bit terrifying. As you prepare to live on a fixed income, putting a detailed retirement plan in place is essential. In this article, we’ll explain essential factors to consider as you approach retirement.


How To Supplement Your Retirement Fund

While planning for retirement, you may be running into the issue of wondering how to afford the retirement lifestyle of your dreams.


The Best & Safest Cars for the Elderly

As we get older, our priorities change when it comes to choosing a car.


How to Prepare your finance

How to Prepare Your Finances Now That Things Are Opening Up

It’s been more than a year since the pandemic started, and the US economy is showing signs of recovery. Covid-19 vaccinations are rising, states have lifted some pandemic restrictions and many travelers are back on the road.


27 Tips for Saving Money After Retirement

More people are retiring with less savings than they need to be comfortable. Much less.


Credit Card skimmers

Essential Security Tips to Keep Your Information Safe from Credit Card Skimmers

Credit card fraud is becoming more sophisticated, with scammers using devices called “skimmers” that steal and store your information after you swipe or insert your card.


Beat the Heat: Summer Safety Tips for Seniors

This summer, many of us are looking forward to enjoying the warm weather, traveling, and reconnecting with friends and family. But it’s important to keep ourselves and loved ones safe in rising temperatures while on vacation, visiting the pool, or enjoying cookouts.


Splurge on a Big Trip

4 Reasons to Splurge on a Big Trip This Summer. 

Here’s why it pays to spend some money on travel in the near term.


Sibling Taking Advantage of Elderly Parents? (Get Help Now)

Getting older can come with a lot of different challenges. Many people find that their mobility decreases, and their bodies get weaker. Others find themselves getting lonely.


credit worldspectrum cryptocurrencies

Should I Invest in Cryptocurrency?

When it comes to diversifying your investment portfolio, you may have considered cryptocurrencies. But what exactly are cryptocurrencies, and are they worth the risk? 


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Savings for Grandchildren

Setting up a savings account for your grandchild is a great way to help provide for their future, but what kind of savings account should you choose? Discover your options and the benefits of each. 


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A Financial Guide for American Immigrants

New Americans often face a financial learning curve when they come to the U.S. This article answers all of your questions from applying for a SSN to opening a bank account.


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Late Life Marriage and Finances

Getting married in later life can be a wonderful thing, but it comes with more financial decisions to discuss from children to estate planning and healthcare.


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Tips for Writing a Will

Getting married in later life can be a wonderful thing, but it comes with more financial decisions to discuss from children to estate planning and healthcare. A will is an essential document for every individual to have. It can be used to dictate who inherits your belongings, what kind of funeral you receive, and how your dependents are protected in your absence. Writing a will can seem like a daunting task. This is why we have prepared 10 tips to help you along the way.


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What $1 Could Buy in the 50s and 60s

$1 doesn’t sound like a lot today, but in the 50s and 60s, $1 could buy you 3 pounds of coffee or a trip to the drive-in with your pals.


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Senior Financial Abuse: What Should You Do

People often find it easy to take advantage of seniors. If you suspect that a senior family member or a friend is being taken advantage of financially, find out what you can do to help.


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Managing Medical Bills with 10 Steps

Managing medical bills is a necessary part of caregiving. These 10 steps make managing bills easier than ever and can even help you negotiate discounts.


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Financial Advice for Retirement

These financial tips can help you save for retirement like a pro, from Health Savings Accounts to Estate Plans.


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Protecting Yourself from Scams

Being able to identify a scam is the first step to protecting your identity and your finances. Learn what to look for and what steps you can take.


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Medicaid Benefits for Assisted Living

Assisted living facilities can be expensive. Medicaid benefits are available to help you pay for these expenses. See the benefits and if you qualify.


Keep Reading


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Do You Need a Financial Advisor?

Money decisions can seem intimidating, but depending on what your goals are, you may require the help of financial advisor, a robot, or no help at all. See what level of assistance you need with this short article from Business Insider.


Keep Reading


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Financial Tips for Seniors

As Americans age, it is important to reconsider finances in order to prepare for retirement. Unfortunately, many people face issues maintaining their current lifestyle while on a fixed income. The FDIC has created a comprehensive guide on how to create a retirement budget while protecting your finances.

Plumber Covers Costs For Aging Senior

This 52-year-old plumber quit his paid job so he could do free plumbing and home repair services for seniors and families in need—particularly during the cold winter months.


dollar on table

Planning for Retirement

When you are planning for retirement, there are four crucial expenses you need to consider: Healthcare, Taxes, Long-Term Care, and Supporting Your Family.


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Financial Assistance for Senior Care and Living Expenses

Senior care and living expenses can add up! Luckily, there are a lot of different housing options as well as financing options, including government assistance, available to help seniors just like you. 


(credit: Karolina Grabowska) man paying with american dollars

50+ Your Personal Finance Checklist

As you review your financial situation, there are a few things you should attend to: From social security to asset allocation techniques, this list will set you up for financial success from age 50 to beyond.


man and woman walking on sidewalk

When to Stop Filing Taxes: Social Security

Now that you are on social security, the way you should file taxes has changed. Find out how to determine your gross income and learn about tax credits for senior citizens in this short article from The Street.


seniors holding piggy bank smiling

An Ultimate Guide to Finances: Over 50

Are you over 50? Do you care about your finances? Well then, this guide is for you! Check out the ultimate guide to becoming fiscally fit for individuals over 50.


person using macbook computer

Senior Scam Alert

There are many scams designed to target senior citizens. Stay protected with updates from the United States Department of Justice.


young woman helping senior man on the computer

Adult Children 101: Finances with Aging Parents

When your parents age, being able to help with their finances is a top priority. This means being involved, knowing where important documents are and knowing the resources that are available to help.


person holding 100 us dollar bills

A New Scam Targets Seniors

Toms River Police warn seniors of a new scam that has emerged where people try to convince an elderly person that their grandchild is in trouble and needs money. See how to protect yourself!


Planning your estate hand writing on notepad while using calculator

Do I Need a Living Trust?

So, what exactly are trusts, anyway, and who should use them for estate planning?


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How to Help Parents with Money Management

As your parents age, you may notice a decline in their ability to handle their finances. This natural side effect of aging is common among adults as they venture further into their 60s and 70s.


silver and gold coins with clock

How to Prepare for Retirement as a Low Income Senior

Some individuals, for any number of reasons, reach retirement age without enough of a nest egg and now find themselves low on money. If you or a loved one does not have enough money to meet basic needs, you need to know about programs that can help.


US dollar banknotes

Achieving Better Finances

Financial matters affect the lives of all Americans. But, as a senior, finances may play an especially large role in your well-being. After all, at this stage of life, priorities often change.


Criminal shadow

Criminals Steal $37B from Seniors Each Year

Marjorie Jones trusted the man who called her to tell her she’d won a sweepstakes prize, saying she could collect the winnings once she paid the taxes and fees. After she wired the first payment, he and other callers kept adding conditions to convince her to send more money.


Man in Black Suit Jacket

Elderly Are Twice as Likely to Work

Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money.


hands holding piggy bank

The Best Advice My Dad Gave Me

Sometimes you don’t realize the value of advice given until much later. This was exactly the case with my dad. He was a corporate trainer who loved his job but had difficulty leaving ‘work mode’ even at home. The best advice he ever gave me was…


Electronic Medical Records woman looking at graphs on a computer screen

A New Era of Health Care Fraud

Derek Lewis was working as an electronic health records specialist for the nation’s largest hospital chain when he heard about software defects that might even “kill a patient.”


special deal sale sign shopping mall

59 Discounts Exclusively for Seniors

To celebrate age and experience, here are 50 senior discounts for those of you who are 50 to 65+ years old (I mean, 50 isn’t even old!).


geometric condominium building blue sky

The Northeast Proves to be Strenuous for Seniors

The study, conducted by researchers from the University of Massachusetts – Boston’s Center for Social and Demographic Research on Aging, suggest Vermont, New York and Massachusetts have the largest percentages of seniors at least 65 years of age who don’t have enough income to cover their basic needs.


bank notes printing machine

The Northeast Proves to be Strenuous for Seniors

The study, conducted by researches from the University of Massachusetts – Boston’s Center for Social and Demographic Research on Aging, suggest Vermont, New York and Massachusetts have the largest percentages of seniors at least 65 years of age who don’t have enough income to cover their basic needs. 


shaking hands man in blue shirt smiling

The Essence of Estate Planning

Having a good estate plan requires the self-realization that we will not live forever. So given this fact, ask yourself “What will happen to all of my stuff, and who is going to take care of my overall well-being if I am not able?”


man in suit putting money into pocket

Stop Money Scammers in Their Tracks

It’s not always easy to avoid scams. Criminals are tricky, aggressive, and they’ll say whatever they have to that will convince someone to hand over their hard-earned money. If one of these scoundrels rips you off, what will you do about it?


man and woman shopping for groceries smiling

Making Your Retirement Savings Last

Do you expect to spend the same amount each and every year in retirement? Of course not.


agent smiling shaking hands laptop and office

Why Do Fiduciary Advisors Matter?

To choose a financial advisor that can set you up for financial success, you’ll want to choose one who truly understands what it means to be a fiduciary – and you’ll need to understand the term yourself.


medicaid abacus life agingiq news for seniors

Medicaid Haves and Have Nots

Missouri resident Patricia Powers had no health insurance when she was diagnosed with cancer a few years ago; she and her disabled husband were struggling to get by on, at most, $1,500 a month. If they’d lived across the river in Illinois, she’d have been eligible for Medicaid.


(credit Miguel Á. Padriñán) coins in glass jar

Financial Assistance for Senior Care and Living Expenses

Senior care and living expenses can add up! Luckily, there are a lot of different housing options as well as financing options, including government assistance, available to help seniors just like you. 


(credit: Karolina Grabowska) man paying with american dollars

50+ Your Personal Finance Checklist

As you review your financial situation, there are a few things you should attend to: From social security to asset allocation techniques, this list will set you up for financial success from age 50 to beyond.


man and woman walking on sidewalk

When to Stop Filing Taxes: Social Security

Now that you are on social security, the way you should file taxes has changed. Find out how to determine your gross income and learn about tax credits for senior citizens in this short article from The Street.


couple standing on beach

Financial Management During a Pandemic

In a segment from USA Today, Jay Jackson and Dennis Martin answer questions about financial security during an unstable economic climate and what people can do to protect themselves.


seniors holding piggy bank smiling

An Ultimate Guide to Finances: Over 50

Are you over 50? Do you care about your finances? Well then, this guide is for you! Check out the ultimate guide to becoming fiscally fit for individuals over 50.


Man smiling outdoors denim jacket

Life Settlements Becoming a Mainstream Financial Option

Americans are living longer than ever before. This is great news for those who can afford it, but bad news if you’re a baby boomer facing mounting debt and dwindling savings.


person using macbook computer

Senior Scam Alert

There are many scams designed to target senior citizens. Stay protected with updates from the United States Department of Justice.


young woman helping senior man on the computer

Adult Children 101: Finances with Aging Parents

When your parents age, being able to help with their finances is a top priority. This means being involved, knowing where important documents are and knowing the resources that are available to help.


person holding 100 us dollar bills

A New Scam Targets Seniors

Toms River Police warn seniors of a new scam that has emerged where people try to convince an elderly person that their grandchild is in trouble and needs money. See how to protect yourself!


coronavirus statistics

Covid 19’s Possible Effects on the Life-Settlement Market

There are differing schools of thought on how the coronavirus is affecting — and could affect — the life settlement market. Shane McGonnell breaks down the possible effects of Covid-19 on the market and how it could affect selling one of your biggest assets, your life insurance policy.


blue and silver stethoscope

New Legislation Helps Seniors Save for Health Care

This new legislation is helping seniors save for health care! How? By allowing tax-free health planning accounts to be funded by the sale of an unneeded life insurance policy.


Planning your estate hand writing on notepad while using calculator

Do I Need a Living Trust?

So, what exactly are trusts, anyway, and who should use them for estate planning?


united states Money on laptop

How to Help Parents with Money Management

As your parents age, you may notice a decline in their ability to handle their finances. This natural side effect of aging is common among adults as they venture further into their 60s and 70s.


silver and gold coins with clock

How to Prepare for Retirement as a Low Income Senior

Some individuals, for any number of reasons, reach retirement age without enough of a nest egg and now find themselves low on money. If you or a loved one does not have enough money to meet basic needs, you need to know about programs that can help.


US dollar banknotes

Achieving Better Finances

Financial matters affect the lives of all Americans. But, as a senior, finances may play an especially large role in your well-being. After all, at this stage of life, priorities often change.


Criminal shadow

Criminals Steal $37B from Seniors Each Year

Marjorie Jones trusted the man who called her to tell her she’d won a sweepstakes prize, saying she could collect the winnings once she paid the taxes and fees. After she wired the first payment, he and other callers kept adding conditions to convince her to send more money.


Man in Black Suit Jacket

Elderly Are Twice as Likely to Work

Just as single-income families began to vanish in the last century, many of America’s elderly are now forgoing retirement for the same reason: They don’t have enough money.


hands holding piggy bank

The Best Advice My Dad Gave Me

Sometimes you don’t realize the value of advice given until much later. This was exactly the case with my dad. He was a corporate trainer who loved his job but had difficulty leaving ‘work mode’ even at home. The best advice he ever gave me was…


Electronic Medical Records woman looking at graphs on a computer screen

A New Era of Health Care Fraud

Derek Lewis was working as an electronic health records specialist for the nation’s largest hospital chain when he heard about software defects that might even “kill a patient.”


special deal sale sign shopping mall

59 Discounts Exclusively for Seniors

To celebrate age and experience, here are 50 senior discounts for those of you who are 50 to 65+ years old (I mean, 50 isn’t even old!).


geometric condominium building blue sky

The Northeast Proves to be Strenuous for Seniors

The study, conducted by researches from the University of Massachusetts – Boston’s Center for Social and Demographic Research on Aging, suggest Vermont, New York and Massachusetts have the largest percentages of seniors at least 65 years of age who don’t have enough income to cover their basic needs.


bank notes printing machine

Senior Financial Abuse Most Common Within Family

The study revealed that family members, more so than any money-making scam, are more likely to take advantage of seniors’’ finances.


shaking hands man in blue shirt smiling

The Essence of Estate Planning

Having a good estate plan requires the self-realization that we will not live forever. So given this fact, ask yourself “What will happen to all of my stuff, and who is going to take care of my overall well-being if I am not able?”


man in suit putting money into pocket

Stop Money Scammers in Their Tracks

It’s not always easy to avoid scams. Criminals are tricky, aggressive, and they’ll say whatever they have to that will convince someone to hand over their hard-earned money. If one of these scoundrels rips you off, what will you do about it?


man and woman shopping for groceries smiling

Making Your Retirement Savings Last

Do you expect to spend the same amount each and every year in retirement? Of course not.


agent smiling shaking hands laptop and office

Why Do Fiduciary Advisors Matter?

To choose a financial advisor that can set you up for financial success, you’ll want to choose one who truly understands what it means to be a fiduciary – and you’ll need to understand the term yourself.


medicaid abacus life agingiq news for seniors

Medicaid Haves and Have Nots

Missouri resident Patricia Powers had no health insurance when she was diagnosed with cancer a few years ago; she and her disabled husband were struggling to get by on, at most, $1,500 a month. If they’d lived across the river in Illinois, she’d have been eligible for Medicaid.


Tips for Downsizing Your Home as a Senior

 

For many seniors, once the children have grown and moved out, the family home can start to feel too big and difficult to maintain.


old woman gardening green apron watering can

“What’s in your retirement account? “The likely answer is “not enough”

Retiring is a major goal of most Americans and as the retirement age rises to 66 and older, seniors are looking for more ways to reach their retirement dreams.


old people drinking coffee on couch blue mugs

When to Take Over Finances for an Aging Loved One

At the point when friends and family reach their golden years, their physical well being isn’t the main thing in danger of breaking down. If their psychological well-being diminishes, they may experience difficulty dealing with their cash on an everyday basis, and could even wind up helpless against fraudulent activity.