Most older Americans receive Social Security and participate in Medicare. Those programs help people meet their financial needs while assuring that they receive affordable healthcare. Yet those programs, combined with …Continue Reading
Category: Finances & Insurance
Let’s Talk Senior Poverty: A Growing Problem for the Aging
A new report issued by the Census Bureau reflects a depressing reality for older Americans. Between 2020 and 2021, the official poverty rate increased for people who were 65 or …Continue Reading
Is a Medicare Advantage Plan a Go-To for Seniors?
To avoid late enrollment penalties, seniors who are eligible for Medicare usually sign up at their earliest opportunity. Seniors rarely have a reason not to enroll. Retirees earned Medicare’s hospitalization …Continue Reading
How Can Older People on Fixed Incomes Cope With Inflation?
Inflation is making headlines, not just in the United States but around the world. As the pandemic winds down, consumers are returning to their former buying patterns, create a surge …Continue Reading
How to Handle Early Retirement
The pandemic caused millions of workers to lose their jobs. From restaurant employees to flight attendants, from teachers to travel agents, employees who worked in industries that could not operate …Continue Reading
Guarding Against Predatory Guardians
Parents are familiar with guardianships in the context of making wills. When parents have minor children, lawyers encourage them to nominate a guardian who will care for their children if …Continue Reading
When Should Seniors Apply for Social Security?
Retirement should be a time to relax and enjoy life. Unfortunately, it can be a time of financial insecurity. Regardless of any other retirement income that a senior might depend …Continue Reading
Expect the Unexpected Costs of Retirement
Social Security, pension benefits, and savings can combine to help seniors maintain comfortable lifestyles after retirement. Careful preparation and advice from a financial adviser can produce a plan that addresses …Continue Reading
Law Enforcement Agencies and AARP Are Raising Awareness of Scams that Target Older Victims
The hosts of a Washington state event on July 28, 2021 plan to help older consumers understand how they can protect themselves against fraud. The Washington AARP will be joining …Continue Reading
Seniors Are Wondering What Happened to Their Third Stimulus Check
Two economic stimulus checks were sent to most Americans in 2020. The first was for $1,200 and the second for $600, although those amounts varied depending on income and the …Continue Reading