Will I Lose My Medicare Benefits if I Get Married: Marital Status and Medicare

When it comes to your personal benefits, getting married seems to give you an advantage for things like car insurance and home ownership. Continue reading

By |September 1st, 2024|Categories: senior financial planning, Senior Health Insurance|Comments Off on Will I Lose My Medicare Benefits if I Get Married: Marital Status and Medicare

Want to Convert Your Life Insurance to an Annuity? What You Need to Know.

If you're considering converting your life insurance policy to an annuity, several important factors must be considered. Here's a comprehensive guide to help you understand the process and make an informed decision. Imagine this scenario: Tom will retire in a few years. Decades ago, he opened a life insurance policy to provide security for his young family. His children are grown now and financially secure. He continues to pay the insurance premium but feels the policy is more than he needs. He’s considering transferring the policy to an annuity to provide a stream of income for his retirement. But he [...]

By |July 11th, 2024|Categories: senior financial planning|Tags: , |Comments Off on Want to Convert Your Life Insurance to an Annuity? What You Need to Know.

Need a New Car? Why More Seniors Are Going Electric

  There’s never been a better time to buy an electric vehicle (EV). Prices are at an all-time low, and the technology has improved. In states like California, there are plenty of charging stations to keep you powered up and on the move. And, since Tesla has been joined by traditional automakers like Volkswagen and GM, there's now a wider variety of makes and models for you to choose from. What should seniors consider before purchasing an EV? From smart safety features to cost savings (and the benefit of going green for the planet!), an EV can be a savvy [...]

By |December 1st, 2023|Categories: senior financial planning|Comments Off on Need a New Car? Why More Seniors Are Going Electric

Senior Discounts – Save Big on These 3 Categories This Year

In a time of rising costs, senior discounts are more important than ever. Luckily, they are proving resistant to inflation. Mentions of “senior discount” on Yelp were up 36% between 2021 and 2022, and nearly 80% of reviews mentioning those discounts were positive. This is a good sign for seniors looking to take advantage of the savings still out there! Senior discounts are offered by major chains and local companies alike. The best policy is always to ask: there’s nothing to lose! That being said, here are three types of senior discounts you should keep an eye out for in [...]

By |October 1st, 2023|Categories: senior financial planning|Comments Off on Senior Discounts – Save Big on These 3 Categories This Year

Will You Have an Increase in Social Security Benefits this Year?

You may be hearing quite a bit in the news recently about the Cost of Living Adjustment (COLA)—the annual increase in social security benefits intended to keep up with inflation. But how does this affect you? With inflation on the rise in 2023, can you expect a bigger COLA this year?  The big answer is a resounding yes! Social security checks will be increasing by 8.7%—the biggest COLA since 1981. For average retired recipients of social security, this adjustment represents an increase of $146 per month.  Your 2023 increase in social security benefits Since 2023 is so unusual, we know [...]

By |January 1st, 2023|Categories: senior financial planning|Tags: |Comments Off on Will You Have an Increase in Social Security Benefits this Year?

Want to Retire with Peace of Mind? Get the Best Life Insurance and Estate Planning for Seniors

Getting older is full of changing seasons and priorities. While you may also be confronted with more existential concerns, a whole new set of financial concerns is looming. Between budgeting for your golden years and continuing to support your loved ones, retirement requires careful planning. And, of course, you want to at least maintain your lifestyle after you retire.  You want to enjoy your retirement! You don’t want to stress out about anything except where to spend your free time. And you definitely don’t want to worry about finances. That’s why our top pick for life insurance and estate planning [...]

By |April 5th, 2022|Categories: senior financial planning|Tags: , |Comments Off on Want to Retire with Peace of Mind? Get the Best Life Insurance and Estate Planning for Seniors

Financial Planning in the New Year: 5 Tasks You Can Do Today

January is traditionally the time for evaluation and new beginnings—particularly when it comes to financial planning for the new year. And this is especially true right now! The COVID-19 pandemic radically changed the financial lives of many Americans. Investment accounts went up and down like out-of-control carnival rides. The housing market came to a screeching halt, followed by a huge boom. And researchers estimate that, although the official unemployment rate stands at 6.7%, unofficially, there are likely more than 31 million Americans not working who should be. Whatever your financial experience in 2020, you aren’t alone. But the start of [...]

By |January 19th, 2021|Categories: senior financial planning|Tags: , , |Comments Off on Financial Planning in the New Year: 5 Tasks You Can Do Today

Everything You Need to Know About Multi-Level Marketing

Is Multi-Level Marketing Right for You? A Guide for Seniors Exploring New Opportunities So you’re retired or approaching retirement and thinking about the future. What will the next chapter of your life hold? Will you enjoy the permanent-vacation feel? Or will you spend time volunteering for a worthy cause? Maybe you’re worried you’ll get bored. Possibly you’re thinking about what working would look like for you. You aren’t alone. According to the AARP, one in five Americans over age 65 are working or looking for work. Some work past retirement age for financial reasons, but others enjoy the extra social [...]

By |October 15th, 2020|Categories: senior financial planning|Tags: |Comments Off on Everything You Need to Know About Multi-Level Marketing

Seniors Get Big Savings with Senior.com Open Box Deals

  Discover Senior.com Open Box Deals: Affordable Solutions for Seniors No supplier chain is perfect, and sometimes items sold by Senior.com are damaged in the process of shipping or storing. What happens then? Well, actually something that will benefit you!  Everyone loves a good deal, right?!? Senior.com doesn’t sell anything with minor cosmetic damage to the item (or even just to the packaging!) at the full retail price. Products that work perfectly but may have a few scratches or dents are sold at discount prices you can take advantage of.  You can find these slightly damaged goods on the Open [...]

By |October 15th, 2020|Categories: senior financial planning|Tags: |Comments Off on Seniors Get Big Savings with Senior.com Open Box Deals
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