As you may know, most seniors who are aging in place need more money to live comfortably through their golden years. This is especially true when faced with unforeseen expenses such as assisted living and long-term care. The urgency of finding a significant amount of money quickly exacerbates an already stressful, emotional situation. For these seniors, the options can be bleak. The answer, a Life Settlement.
Summer Money Saving Energy Tips for Seniors
Most everyone is looking for ways to save money; especially seniors who are aging in place. One way to do that is to reduce the amount of energy used every month. Here are a few ideas for ways you can either cut back or things you can change that can help reduce your monthly energy […]
10 Steps You Can Take to Get the Coverage You Deserve
Health insurance coverage costs are rising at an alarming rate. According to a 2005 survey conducted by the Kaiser Family Foundation, employee premiums have increased 70% since 2000. During the same period, wages rose just 15%. Unfortunately, while insurance costs are rising, the medical claims processing system remains highly complex, resulting in individuals not receiving […]
Energy Saving Tips Help Seniors Save Money During Winter Months
Energy saving tips for seniors for WinterWith rising electric, coal and natural gas prices, people everywhere will be facing higher bills this winter. Seniors, however, face a tough road when their fixed income needs to go more towards their energy bills. There are several things that seniors and caregivers can do inside and outside the […]
Holiday Spending Tips for Everyone
It’s no surprise that the Internet is brewing with tips and commentary about spending during the holidays; they are popping up like apples in a barrel. One in particular that comes to mind is from Jennifer Openshaw over at MarketWatch. Her common sense tips for managing your money over the holidays are some of most […]
Help for Making the Right Prescription Drug Plan Choice
Did you know that if you are on Medicare you are eligible for prescription coverage no matter what your health situation or how much money you have? What about those who are a very limited income? Did you know you could qualify for extra assistance with your prescriptions. These are just a few of the […]
When to Have the Money Talk With Your Parents
Too often, adult children have no idea of the state their parents financial affairs are in and parents aren’t usually prone to disclosing this type of information without some discussion. We’ve covered the difficulties of talking to elderly parents about money before, but it bears mentioning again. Talking openly with your parents before they are […]
Bankruptcy…the Last Option
Following up on a previous senior bankruptcy news item, we’ve found some additional (and helpful) more information about the state of older Americans and bankruptcy from the AARP. Many Americans are feeling the crunch with the slow down in the economy and increased costs. Americans age 55+ have experienced the sharpest percentage increase in bankruptcy […]