Many baby boomers and seniors are cutting back in order to make ends meet during these lean times we seem to be in. We all want to be able to make the most of our money, but we encourage you to take a good look at where you are spending your income so you can make educated cutbacks. Reports are all over about how many older Americans are having to …
Saving More Important Than Ever
A study by the AARP released last week reveals the impact this economy is having on Baby Boomers. A high percentage of individuals have changed the way they invest their money because of these turbulent economic times. Many are dipping into their retirement accounts or have stopped depositing money in their IRA in order to meet their monthly …
Planning for the Cost of Daily Care
When you are building your own aging in place plan, consideration needs to be given to the costs for alternate care services. For the millions of baby boomers taking care of an older parent now, this information may be helpful as well. On September 30th, 2008, the MetLife Mature Market Institute(R) released the results of a national survey of …
Money Saving Tips for Seniors Part II
With the rise in gas prices and consumer goods many people are looking to squeeze every ounce of buying power they can from their money. Here are a few more tips on how you can save money. Saving a little here and there can really add up. Make your home more energy efficient: Most public utilities offer free home inspections or information for …
Rising Living Costs to Blame for Increased Senior Bankruptcy Filings
Rough economic conditions are hitting older Americans hard. Rising medical care and consumer goods being the worst. Many older people are taking on debt to pay for medical care. According to one study by the Harvard Law School, bankruptcy filings for seniors showed an increase from 8% in 1991 to 22% in 2007. In a related note, the federal …
Save Money With a Seniors Real Estate Specialist®
No one is opposed to saving money, especially when you are talking about a big investment like a home. A Seniors Real Estate Specialist will know how to help you navigate around some the pitfalls that could be waiting for you when you sell your home, such as helping you identify items that should be fixed or replaced before you sell (both can …