President Biden took office in 2021 with an ambitious plan to improve the post-pandemic economy and to reduce the level of poverty among older adults. His proposals included increasing Social …
Continue Reading2025 Social Security Benefit Update
Category: Finances & Insurance
5 Things States Can Do to Help Older Residents
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 ReadingLet’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 ReadingIs 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 ReadingHow 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 ReadingHow to Handle Early Retirement
Updated April 2025 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 …
Continue ReadingWhen Should Seniors Apply for Social Security?
Most individuals qualify for Social Security if they are U.S. citizens or green card holders and have earned 40 “work credits” during their working life. The amount of earnings needed …
Continue ReadingExpect 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 ReadingLaw Enforcement Agencies and AARP Are Raising Awareness of Scams that Target Older Victims
Updated: March 2025 Older consumers are frequent targets of scammers. The AARP Fraud Watch Network provides resources to help consumers protect themselves from swindlers. It educates seniors about fraudulent schemes …
Continue ReadingSeniors 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 …
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