Ultimate Guide to Burial Insurance

With about 40% of adults in the U.S. foregoing life insurance, it makes sense to discuss how this can affect family members and close friends. For those of you who have played a part in financing a funeral when an uninsured family member or friend has passed away, certainly, you are intimately familiar with the financial burden that can accompany the grief of losing a loved one or close friend. When the market crashed in 2007, practically every working person in America felt the impact. Many seniors who were hoping to stop working postponed their retirement parties for financial reasons

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Death and the Family Hunt for Hidden Assets

Saving Money After Retirement

Where are you hiding assets? Are they stored away in a locked trunk in your attic? Are they located in boxes stacked on the back wall of your moldy basement? Or did you pile your valuable art and antiques in an off–site storage unit located two towns over from your house? Death and Family Hunt for Hidden Assets Do you have several passbook bank accounts from various banks scattered in the four towns you once lived in or three 401K Plans from prior employment? Have you hidden jewelry in tattered shoeboxes in the back of a third floor closet or in

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8 Amazing Part-Jobs for Seniors and Retirees

8 Amazing Part-Jobs for Seniors and Retirees

Life in retirement isn’t what it used to be. The economic landscape has changed, and people are living longer than ever. If you find yourself needing some extra money, or just bored, then you are in luck. There are plenty of part-time jobs available for retirees and seniors, and a lot of them can be done from the comfort of your own home. Virtual assistant Are you comfortable with technology? Perhaps you were an administrative assistant when you were working full-time. In that case, you should experience a smooth transition to becoming a virtual assistant. This is a great part-time

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High Earning Opportunities for 50 Years Young

Becoming an entrepreneur is not an easy task for anybody. It requires finding the right business for you. After determining which field of business to pursue, entrepreneurs need to plan their business goals strategically. For the lucky entrepreneurs, who already have arranged their capital, they can begin to implement their business plan. Let’s consider that you already have the capital to begin the business. So what’s the next step? Initially, start by implementing a smaller scale model of your business. Once the miniature version of your business plan becomes successful, all at once, expand extensively. Let’s look at some business

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Don’t Expect Medicare to Pay for Long-Term Care

A recent survey funded by The SCAN Foundation found close to four in 10 Americans, age 40+, believe Medicare and Social Security will pay for long-term care. The need for continuing care services and support to assist with activities of daily living will increase as the population ages. The group will require help with cooking, bathing, grooming, shopping, managing medicines, and toileting. Thirty-eight percent of the people surveyed in the 2016 Long-term Care in America report said they will rely on Medicare to pay. Correspondingly, 35% will count on Social Security and personal savings while 32% expects to depend on

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How to avoid mistakes with online bill payments

How to avoid mistakes with online bill payments

Donny sat down at his desktop computer at the end of the month as usual and began the process of paying his bills. Time was not on his side this day as his favorite football team prepared to take the field in 20 minutes. Soon, his friends would arrive to watch the game with him on television, and he still had to prepare game time snacks. With his mind on the upcoming event, Donny quickly moved through the bill payment motions. He opened up a web browser and sent one payment after another, including electricity, gas, water, telephone, and then

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Tips to Reduce Financial Elder Abuse

Tips to Reduce Financial Elder Abuse

Each day there are more and more scams affecting the ones we love.  Financial elder abuse is on the rise as scammers continue to target vulnerable seniors.  With increased information on the Internet today, more of our personal information can be used to take advantage of us.  Here are some great tips to reduce financial elder abuse: Good general tips/reminders to prevent fraud: Never give out personal information to anyone on the phone, mail or internet Never respond to an offer that you do not understand Ask for it in writing and pay only when you have received a performed

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Who should be the owner of the 529 plan account?

Who should be the owner of the 529 plan account

Do you hope to help your grandchildren pay for college someday?  As college costs continue to increase, more and more students are depending on 529 college saving plans, as well as expecting to qualify for federal financial aid. For those students fortunate enough to have family members that are able to help contribute to a 529 plan account, the question often arises as to who should own the 529 account – a grandparent, a parent, or the child themselves? This question becomes difficult to answer when the student also needs to qualify for federal financial aid. To compound this even further,

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Tips to Make Money Last

Most of us want to stretch the dollar and lessen expenses. To have enough money to cover all the bills with enough left for travel, entertainment, and fun. The truth is that prices increase more than our income does. And some of us have trouble covering rising costs. I know what it feels like to struggle with inflation and rising costs. It is exhausting. Here are a few ways I found that helps me keep more money in the bank. Budget -- create a list or spreadsheet and plan how you want to spend money. Keeping and following a budget

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