Majority of Workers Expect Their ‘Retirement’ to Include a Job, Survey Shows
Among baby boomers still in the workforce, 59% expect to keep working into retirement, a new study from Voya Financial shows.
Americans Can Expect to Pay a Lot More for Medical Care in Retirement
A 65-year-old couple retiring this year can expect to spend an average of $315,000 in health-care and medical expenses in their retirement, according to a new estimate by Fidelity Investments.
There Are Signs a Recession Could Be on the Way. Here Are Some Ways to Protect Your Savings
With a historical indicator of recessions flashing red this week, financial experts have shared their top tips on how to protect your savings — and even invest — if an economic downturn is indeed around the corner.
The Best Retirement Planning Books to Buy in 2022
We’re living in the golden age of information. The proliferation of smartphones and WiFi has meant the answer to seemingly any financial question rests at your fingertips. While the internet provides endless opportunities for increasing financial literacy, books remain one of the most reliable resources for personal finance education
*Sponsored Post
What Is Your Most Valuable Asset?
Many individuals tend to associate the concept of an “asset” to their house or car, overlooking one major asset that is typically one’s most valuable—their life insurance policy.
Helping Mom & Dad: Online Banking
The benefits of online banking are many for our moms, dads, and grandparents, just as they are for us. Elder adults can deposit checks, pay bills, transfer money to and from investments, and so on, all without needing to leave home.
Seniors increasingly targeted by scams
One of the hidden negative outcomes of the pandemic has been an uptick in scam attempts perpetrated against senior citizens.
25 Resources That Provide Financial Help for Seniors
Retirement should be a stress-free time to fully relax and live comfortably. Yet 22% of Americans have savings of less than $5,000 for retirement, and 15% have nothing saved for retirement at all.
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 Retirees Can Earn Money Online
As a retiree, there are many activities that you can spend your days engaged in.
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 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.
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.
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.
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?
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.
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.
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.
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.
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.
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.
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.
Financial Advice for Retirement
These financial tips can help you save for retirement like a pro, from Health Savings Accounts to Estate Plans.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Senior Scam Alert
There are many scams designed to target senior citizens. Stay protected with updates from the United States Department of Justice.
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.
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!
Do I Need a Living Trust?
So, what exactly are trusts, anyway, and who should use them for estate planning?
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.
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.
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.
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.
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.
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…
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.”
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!).
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.
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.
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?”
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?
Making Your Retirement Savings Last
Do you expect to spend the same amount each and every year in retirement? Of course not.
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 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.
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.
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.
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.
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.
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.
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.
Senior Scam Alert
There are many scams designed to target senior citizens. Stay protected with updates from the United States Department of Justice.
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.
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!
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.
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.
Do I Need a Living Trust?
So, what exactly are trusts, anyway, and who should use them for estate planning?
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.
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.
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.
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.
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.
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…
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.”
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!).
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.
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.
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?”
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?
Making Your Retirement Savings Last
Do you expect to spend the same amount each and every year in retirement? Of course not.
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 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.
“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.
