The American Rescue Plan, signed into law by President Biden on March 11, includes critical relief to older adults in need as the nation continues to recover from…
American Rescue Plan Improves Senior Health and Financial Security
Start early to get your house retirement-ready
Liz Weston, a certified financial planner and columnist with NerdWallet, recently wrote an article about how to get your house retirement-ready. In the article, Start Early to Get…
What Seniors Need to Know about the COVID-19 Vaccines
Here’s some excellent advice from the National Council on Aging about the Covid-19 Vaccines.
4 Reasons Retirees Should Care About the New Coronavirus Stimulus Package
On December 27, 2020, President Trump signed the “Consolidated Appropriations Act of 2021,” which keeps the federal government running through the end of September 2021, but also includes…
Get Your Retirement Back on Course
Even the most diligent savers can encounter obstacles on the road to retirement, but the past few months have delivered unprecedented hazards notes Sandra Block, Senior editor of Kiplinger’s…
How Individuals on Social Security Disability Benefits Can Qualify for a Reverse Mortgage
If you are receiving Social Security disability benefits and you thought that you’d never be able to get a reverse mortgage, you should know that disability benefits don’t…
Retirees, Make the Most of Your Home Equity
Here’s a snip-it from an article by Patricia Mertz Esswin, a contributing writer with Kiplinger, about the various options available to retirees for tapping into the equity in…
What Is a Proprietary Reverse Mortgage?
A proprietary reverse mortgage is a loan that allows senior homeowners to access the equity in their homes through a private lender. They are not as tightly-regulated as home…
Resource For Homeowners Who Need Help
The Finance of America Foundation has created a new online resource for homeowners of all ages who may be experiencing financial hardship. You will be asked a few…
Medicare Advantage (Medicare Part C)
Medicare Advantage (Part C), a privately offered alternative to Original Medicare (Parts A and B), has grown in popularity over the years. In 1999, 18% of Medicare enrollees…
Best Home Modifications For Aging In Place and How to Finance Them
Here’s are several excerpts from an article by Jeanne Lee that appeared in Bankrate.com. Most Americans over age 50 prefer to remain in their current home and community…
Retired seniors’ guide to downsizing
When considering downsizing your home, there are issues and stressors you may have never encountered. For seniors, this is a situation that sometimes comes from necessity. And now,…
Planning Your Finances For An Uncertain Future
The coronavirus has changed many people’s financial circumstances quickly. There are steps you can take if your income has decreased suddenly. But do you and those you care about…
Social Security Benefits Lose 30 Percent of Buying Power Since 2000
An analysis of Social Security “cost of living adjustments” (COLAs) compared to the actual costs of goods and services purchased by older Americans found that Social Security benefits…
Is now the right time for seniors to consider a reverse mortgage?
Liz Weston, NerdWallet’s personal finance expert, is also a Certified Financial Planner and author of five money books including the best-selling “Your Credit Score.” During a recent interview with…
Valuable Financial Resources for Older Adults from the CFPB
The Consumer Financial Protection Bureau (CFPB) is providing relevant financial education resources for older adults, their families and practitioners who work in the aging field during the coronavirus…
Aging Parents and Their Finances — A Delicate Discussion
Here’s an informative article about death and money – two topics many families try to avoid altogether but, are a crucial discussion for aging parents and their adult…
IRS Launches Online Registration for Stimulus Checks
Taxpayers who don’t usually file a tax return have been waiting to see how the Treasury Department and the Internal Revenue Service (IRS) would allow them to get…