Category: Financial Planning for Seniors

Navigating the financial landscape in retirement can feel like a high-stakes game. After years of hard work and diligent saving, this exciting chapter of life should be free from money-related stress. However, there are some common retirement mistakes to avoid that can upset the financial safety you’ve worked so hard to achieve. Getting the right… Continue reading 10 Major Money Mistakes After Retirement (And How to Avoid Them)

Few life events are as challenging as the death of a spouse. The grief, sorrow and emotional fallout can be devastating, and the surviving spouse may find themselves facing a future that looks very different than the one they planned for. This can be especially true when it comes to your financial situation. When the… Continue reading How Do I Adjust My Post-Retirement Financial Plans After My Spouse Dies?

There comes a time when an older veteran may need daily help with personal care, either at home or in a senior living community. By combining Veterans Affairs (VA) retirement benefits with other financial resources, veterans and their spouses can maximize their ability to pay for care services at a senior living community. To help… Continue reading What Resources and Benefits Are Available for Veterans Considering Senior Living?

Our healthcare needs often increase as we age. For retired people on a fixed income, managing the growing costs of medical expenses can be a challenge. Fortunately, government programs like Medicare are available to help. While Medicare doesn’t cover every healthcare bill, it can be used to help seniors 65 and up pay for many… Continue reading Medicare Covers Some Things You Might Not Know About. See What Seniors Can Get.

In 2022, older Americans lost more than $3 billion to internet fraud. Seniors are “prime targets for scammers,” says Benjamin Taylor, a staff attorney at the Legal Aid Society and a former Elder Justice Fellow. In fact, seniors are the most-targeted demographic for online scams. Why? Taylor says older adults are perceived as less savvy… Continue reading 10 Ways Seniors Can Prevent Identity Theft and Other Internet Fraud

Seniors downsizing for the first time often think about selling their homes. It’s the most expensive asset many seniors own, and using the money from a home sale can help pay for the costs of moving to a smaller residence or a senior living community. There are some important steps you can take to get… Continue reading 8 Tips for Seniors to Get the Best Price When Selling Your Home

Everyone loves a good deal – especially seniors trying to stick to a budget. The impact of ongoing inflation makes it even more important to stretch dollars as far as they will go. That’s why we’re putting senior discounts and money-saving deals under a magnifying glass, as we sleuth out a variety of ways to… Continue reading The Deal Detective: Investigating Great Deals and Money-Saving Discounts for Seniors

Assessing your financial situation and determining if life insurance would benefit you is an important part of estate planning, but choosing the right policy for your situation can be a challenge. It can be even more difficult for older adults who may not qualify for certain policies based on age or required medical exams. This… Continue reading Finding the Best Life Insurance for Seniors

Senior living can refer to many different types of retirement communities, including independent living, assisted living and memory care. These communities are typically private pay, but that doesn’t mean you have to have it all in cash savings. To help you navigate your options, this article will cover the important details of paying for senior… Continue reading How to cover senior living costs

Retirement is an exciting opportunity – finally, a break from work and raising a family allows time to pursue passions. Rightsizing your life and moving into a new home is often a part of that transition, but it doesn’t always come with the same amount of enthusiasm. Even if a two-story, three-bedroom house is too… Continue reading 7 Tips for Seniors Selling a Home