Seniors approaching, entering or enjoying retirement have a unique set of financial needs when it comes to being able to budget and manage debt effectively to avoid financial distress. The fixed income that most seniors face during retirement can present distinct challenges in today’s economy and financial world. We cover all the personal finance topics from around the world that impact seniors’ ability to maintain stability and avoid financial distress. From helping adult children get approved for financing to how to secure the right insurance and protect your estate, we have all the news seniors need to get ahead.
September 5th, 2016 | Michael Koretzky
Experts estimate total out-of-pocket healthcare costs after retirement could be upwards of $400,000. We help you plan ahead for retirement sick days.
April 11th, 2016 | Meghan Stewart
Statistics show only 2% of eligible seniors take advantage of reverse mortgages to access valuable home equity. Is cognitive aging to blame for the aversion?
January 13th, 2016 | Michael Koretzky
Reports show seniors have excess home equity that could be used to achieve financial goals, but a reverse mortgage should always be pursued carefully.
August 26th, 2015 | Monica Victor
Older folks save by using senior discounts and sticking to a budget now, but the pros say add reducing housing costs and managing finances for the future.
April 3rd, 2015 | Meghan Stewart
A new study finds healthcare costs and concerns over medical expenses are more of a risk to a comfortable retirement than a lack of assets or investments.
October 10th, 2014 | April Lewis-Parks
Know the facts so that you and older relatives can be protected from scams targeted at senior citizens, like the recent Medicare telemarketing scheme.
August 14th, 2014 | April Lewis-Parks
New HUD rules try to clear up the confusion over reverse mortgages, but are these new rules really helping seniors borrowers get a better deal?
August 6th, 2014 | Michael Koretzky
A new study finds youth are more interested in hearing financial advice from their grandparents than you might think – particularly for financing education.
Seniors, Young Consumers
January 9th, 2012 | Samantha Savory
Not only young and middle-aged people face financial problems, so do senior citizens.
Debt Advice, Retirement, Seniors