Passing on Your Passwords as Part of Your Estate
In an increasingly digital world, experts advise that your legacy should include your passwords, not just to your bank and financial accounts, but to Facebook, your website, frequent flier miles or anything else that might have value to your loved ones.
Estate Plans Help Seniors Keep Control
When an estate plan has not been created, decisions about property, medical and final arrangements can be made without the incapacitated or deceased individual’s input. This article takes a look at the important factors in laying a foundation for estate planning, including questions to ask and where you and your loved ones can go for help.
Two Ways the Needs Trust Can Enhance the Quality Of Life for Persons With Disabilities
Trusts and estates planning go hand in hand when it comes to ensuring quality of life for a person with a disability.
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Ensuring Your Financial Legacy Choosing an Executor of Your Will Estate Sales: Sellers Beware Be Prepared for the Funeral and After Assigning Medical Power of Attorney is Both Difficult and Easy In Search of an Elder Law Attorney, a Geriatric Care Manager and an Ombudsman Power of Attorney Basics Selling Your Antiques? Introductory Guide to Advance Directives
A financial legacy can mean that your children will be taken care of, as well as determining whether you want to equitably distribute your assets among them, or that your favorite charity will have more funds to carry out its mission. Writing a will is the first step.
Find the right person to act as executor of your will and your estate planning is well on its way to providing you and your family peace of mind. Who do you know who best fits the job description?
Although estate sales are becoming a popular way to get rid of possessions, especially when having to downsize, the industry is unregulated, so sellers, as well as buyers, need to be cautious.
In the wake of her sister’s sudden death, Amy Levine realized she was unprepared for all the tasks that fall to survivors of the deceased. To help others avoid that predicament, she has written a book providing such information about dealing with a funeral home, handling grief and finding a lawyer.
The hardest part of giving someone your medical power of attorney is the conversations that need to precede your decision, because they involve some honest decisions about end-of-life issues. The easiest part is filling out the forms.
When a senior needs reputable guidance, locating a qualified professional takes research and patience. Professionals such as elder law attorneys, ombudsman and geriatric care managers focus on the needs of seniors in a particular area and can provide beneficial services.
The role of a ‘medical power of attorney’ is different than that of a ‘power of attorney’ for legal and business matters. See how each is different and the important role of a medical power of attorney.
Collectibles or heirlooms can hold a lot of meaning to the owner. When it’s time to sell them, determining the best prices for each item and the right places to sell them will reap the most dollars for these valuables.
This guide answers your questions on this confusing topic such as: what is an advance directive, why do I need one, are there different types and more
Ensuring Your Financial Legacy
Choosing an Executor of Your Will
Estate Sales: Sellers Beware
Be Prepared for the Funeral and After
Assigning Medical Power of Attorney is Both Difficult and Easy
In Search of an Elder Law Attorney, a Geriatric Care Manager and an Ombudsman
Power of Attorney Basics
Selling Your Antiques?
Introductory Guide to Advance Directives
Keeping Your Bank Account Safe from Fraud
We often think that bank account fraud is committed by someone we don’t know. Unfortunately, seniors are most often targets for bank account fraud by family members, caregivers, and others close to them. See what the experts say about protecting your accounts.
Medicare Fraud – How to Protect Yourself
Most doctors and health care providers are honest and bill Medicare accurately for services or supplies that they provide to seniors. However, some people who provide health care services and supplies attempt to defraud the Medicare system.
Protecting Seniors Against Identity Theft, Scams and Elder Abuse
Seniors are often a target for financial predators, which is why it is so important to take precautionary measures to help protect against identity theft, scams and elder abuse. SCSAs PSPs provides resources and guidelines for seniors and professionals.
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Keep Your Identity to Yourself Telemarketing Scams Target Seniors Elder Investment Fraud and Exploitation – Patient Brochure Elder Investment Fraud and Financial Exploitation – Pocket Guide
Prevention is the best option to stop criminals from stealing your personal information—and your good name. However, if identity theft happens and to prevent more damage, you should immediately contact your financial institutions and law enforcement agencies.
Seniors lose $35 million each year trying to claim fake prizes, according to the Federal Trade Commission. Not only have older adults built up a nice “nest egg,” but they tend to be more trusting. We offer some steps to be more skeptical.
A much needed informational brochure for your senior clients which explains Elder Investment Fraud and Financial Exploitation and provides resources for seniors who feel that they have been victimized.
A pocket guide for your senior clients which explains Elder Investment Fraud and Financial Exploitation and provides resources who feel they have been victimized.
Keep Your Identity to Yourself
Telemarketing Scams Target Seniors
Elder Investment Fraud and Exploitation – Patient Brochure
Elder Investment Fraud and Financial Exploitation – Pocket Guide
Seniors and the Affordable Care Act
Bob Semro, Health Policy Analyst for the Bell Policy Center, answers questions related to January’s Educational Webinar, Seniors and the Affordable Care Act.
Financial Advisor Acronyms
Financial-services professionals who advise the public have an array of credentials to choose from. Those credentials include those that are tracked in a database kept by the Financial Industry Regulatory Authority and others that are less well-documented. Some are even defunct, but may still show up in advisers’ marketing materials
Guide to Financial Industry Standards
A simplified guide to the definitions and requirements for designated professionals in the Financial Industry.
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How Healthcare Reform Affects Seniors Four Key Provisions of the Health Care Bill
An easy-to-read guide to help seniors, their families and the professionals who work with seniors navigate the complexities of how healthcare reform actually affects seniors according to the Patient Protection and Affordable Care Act.
The Patient Protection and Affordable Care Act (PPACA) presents many significant changes to health care coverage. These four changes are already in place and may affect you or your senior clients.
How Healthcare Reform Affects Seniors
Four Key Provisions of the Health Care Bill
Long-term Care Faces Challenges
The increased need for more long-term care, partially caused by an aging baby boomer population, is accompanied by a predicted shortage of care workers. At the same time, the premiums for long-term care insurance are rising, and one large insurer plans to charge single women more.
Why Seniors are Moving from Institution Back Home
The U.S. Congress authorized the MFP as part of the Deficit Reduction Act of 2005. MFP was designed to assist states in rebalancing their long-term care systems and help Medicaid enrollees transition out of institutions and back to their communities.
Financial Advisors: Who Can You Trust?
A multitude of financial professional titles confuses investors trying to get the best financial advice. It’s especially crucial for seniors to find a financial advisor to represent their interests and respect their risk tolerance in order to protect and grow their retirement funds.
Annuities a Complex and Thorny Investment
As a tax-deferred tool for retirement, annuities might be the appropriate investment, but they come with a lot of issues. Make sure you know what you’re getting into before purchasing one.
Getting a Handle on Financial Fees
When working with a financial advisor, it is important to understand how fees are charged. Learn what the different fees are and select the ones that are best for you and your financial situation.
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Why Seniors Should Consider Daily Money Management How to Stretch a Budget Investing 101: Even the Mattress Has Risks Investing 102: From Safe to Risky Baby Boomers Are Decidedly Saving More Tips for Helping Seniors Gain Control of Their Credit Card Debt Best Credit Card Rewards of 2014 Tips on Lowering Drug Costs Driving Down the Cost of Your Car Expenses Daily Money Managers Handguide How to Reduce Medical Debt The Dangers of Personal Loans and Families
If a senior is unable to manage their daily money issues, they could lose their homes and more. Daily money management can help seniors live independently and keep money issues under control.
In this time of belt-tightening, and as we face longevity, there are many ways to make your dollar go further. We’ll explore everything from finding tax breaks for seniors to using consignment stores.
Investing has inherent risk, even for places that seem safe, like putting your money under the mattress or in bonds. You can do several things to protect yourself, including finding a reputable financial planner and spreading out your investments.
There are varying grades of risk and safety in today’s investments—from CDs and annuities to bonds and stocks. You can mix in variable annuities, real estate investment trusts and commodity funds. As always, the best advice is to diversify.
Baby boomers are now focusing on increased savings methods and decreased spending. This generation is thinking differently than ever before and carefully planning for their futures.
With older Americans being among the most vulnerable age group in this recession, a majority of them carry debt loads they can barely handle. SCSA has created this simple guide that will offer you tips on how to use.
A Comprehensive Guide To Finding The Best Credit Card And Maximizing Rewards
Pharmacies, federal and state government programs, and even the drug companies themselves offer programs to offset the high costs of drugs. Learn where you can go for low cost prescriptions.
Individuals on fixed incomes are even more susceptible when it comes to rising gas prices. Learn how to alleviate costs associated with your car and feel some relief on finances.
A comprehensive handguide created for Daily Money Managers – courtesy of Enlightened Resource Management.
Medical debt is the most common form of debt that seniors encounter. However, doctors’ offices and hospitals are likely to work with you to reduce the charges and to find options for payment. Stay in control of your medical debt with these suggestions.
A loan to a family member has the potential to be of great help but at the same time it can be risky. Learn how to set up successful loan opportunities between family members.
Why Seniors Should Consider Daily Money Management
How to Stretch a Budget
Investing 101: Even the Mattress Has Risks
Investing 102: From Safe to Risky
Baby Boomers Are Decidedly Saving More
Tips for Helping Seniors Gain Control of Their Credit Card Debt
Best Credit Card Rewards of 2014
Tips on Lowering Drug Costs
Driving Down the Cost of Your Car Expenses
Daily Money Managers Handguide
How to Reduce Medical Debt
The Dangers of Personal Loans and Families
Look Both Ways Before Getting a Reverse Mortgage
Taking a loan against your home may have advantages, especially the ability to stay in the place you’ve lived for many years, but there are also risks and potentially high costs. Before you apply for a reverse mortgage, make sure you know what you are getting into.
FAQs about Reverse Mortgages
Record numbers of consumers are using reverse mortgages to remain in their home to supplement retirement income, pay for health care expenses, make home modifications, or simply establish a cash reverse for emergencies. Get the right answers about reverse mortgages. Source: National Reverse Mortgage Lenders Association, a non-profit organization out of Washington D.C.
Retirement and Social Security
Living Within Your Means – And Assets
Living on your retirement savings can be a constant balancing act: between maintaining your standard of living and taking steps to avoid outliving your savings. There are no easy answers to this dilemma, although retirement experts offer a few suggestions.
How to Have a Good Retirement on a Budget
Experts recommend creating a budget for retirement so you can figure out what you really need and want. From there, you can get rid of expenses that are unnecessary and thus enjoy the life you always imagined.
How to Find the Best Places to Retire
There’s no shortage of suggestions for places to move after you retire, but some may conflict in terms of good weather, cheaper taxes, less crime and beautiful settings. It helps to know what you want.
See More Articles on Retirement and Social Security
Optimize Your Social Security Benefits Getting a Good Stretch From Your IRA – Is It Right For You? “ROP” Pension Maximization “When I’m 64″ – How Aging U.S. Baby Boomers Have Begun to Carry that Weight Retirement Plan Limits – Income tax & Retirement Plan/IRA changes
While the future of Social Security itself is in question, individuals can still find ways to make the most of the benefits they receive. Consider these methods of increasing Social Security benefits.
A ‘Stretch IRA’ has long-term financial advantages and the potential to provide financially for future generations of your loved ones if it is set up with the proper beneficiary designations. What does that mean for you?
Editorial article – Retirement Option Planning – Pension Maximization. The most sophisticated software in the industry for individuals retiring with pension benefits.
See why delayed retirement is related to delayed onset of cognitive declines, according to data from 13 developed countries. The trend in working longer is expected to continue as Baby Boomers turn 65.
The IRS shares the updated changes for the 2011 income tax and retirement plan/IRA contributions. A helpful handout for your clients.
Optimize Your Social Security Benefits
Getting a Good Stretch From Your IRA – Is It Right For You?
“ROP” Pension Maximization
“When I’m 64″ – How Aging U.S. Baby Boomers Have Begun to Carry that Weight
Retirement Plan Limits – Income tax & Retirement Plan/IRA changes
Seniors and Taxes
New Regulations Help Guarantee the Competency of Tax Preparers
More stringent IRS regulations for tax preparers are slated to begin in 2011. This explanation of the changes and how CSAs can help their senior clients with this new information is provided in this article.
Making Tax Time a Little Bit Easier
Seniors may not be aware of all the income tax deductions available. Now that it’s tax season, we offer some tips for reducing your tax burden as well as where to find some free neighborly help.
Caregivers Find Tax Relief
When paying for the medical care of another, a person is permitted to write off certain expenses. Specific guidelines must be followed, but the benefits are there for the taxpayer.
Veterans Benefits – Are You Missing Out?
Veterans, don’t miss an opportunity to get extensive benefits coverage. You and your family may have many options for VA support.
Medical Foster Homes Provide More Independence for Aging Veterans
Implemented by the U.S. Department of Veterans Affairs (VA), the Medical Foster Home (MFH) program provides a relatively new option to veterans looking for more independence or more personalized care than may be available at nursing homes.