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"Preparation for old age should begin not later than one's teens. A life which is empty of purpose until 65 will not suddenly become filled on retirement." -Arthur E. Morgan
As far as your personal goals are and what you actually want to do with your life, it should never have to do with the government. You should never depend on the government for your retirement, your financial security, for anything. Drew Carey
RETIREMENT PLANNING:
RETIREMENT PLANNING:
TIPS (if you haven't save enough for retirement):
Find out how much you will need in your retirement
Increase your retirement savings....save more money (the max) while your 401K grows
Take your social security when you are 70
Look for retirement planning advice from your employer. If not available look for a discount broker like Fidelity or Charles Schwab to draw a simple strategy
Work longer until 72 that way you postpone taking social security
Use the equity in your home like selling and moving to a less expensive place or using a reverse mortgage as last resort
Take a part time job or do a side hustle
Retirement Calculator: With Social Security and Pension - Clark Howard
Should You Take Your Pension in a Lump Sum or Monthly Payments?
How Much Do You Actually Need To Retire?
National Academy of Elder Law Attorneys Home NAELA The National Academy of Elder Law Attorneys (NAELA) is dedicated to improving the quality of legal services provided to older adults and people with disabilities.
Humble Dollar guide to Retirement
How much money do I need for retirement?
After 50 Finances: Closing in on Retirement With Very Little Savings
The 7 Best Retirement Books | Morningstar
5 Online Tools You Can Use at Any Age To Plan for a Secure Retirement
Explore different scenarions to help you answer the question about how much you need to retire by using retirement calculators. You can find a variety of retirement calculators online. These include:
Bankrate - a favorite
Calculator.net - allows you to explore the retirement question from multiple angles
NerdWallet - the simplest to use
Vanguard - offers Monte Carlo analysis
FI Calc: FI Calc is a calculator that evaluates retirement plans using historical data. To get started, change the Retirement Plan to see how it affects the Results.(uses MonteCarlo simulation)
Use these planning tools and tips to get ready for retirement: Are you looking forward to retirement? No matter your age, preparing for your post-work future requires planning and flexibility. It’s important to start early and be well informed. 1) Create a retirement plan. 2) Manage your finances. 3) Calculate your Social Security benefits. 4) Look up the cost of living where you might retire. The more you know before you start making decisions, the better off you will be in retirement!
Retirement planning is too complicated (Humble Dollar)
Expert Shares Retirement Planning For Every Age: Steps To Take In Your 20s, 30s, 40s, And Beyond
Take This Simple Step As You Approach Retirement
Irreversible decisions in retirement
Prepare Your Teeth for Retirement
Expert Interview: Pre-Retirement Mistakes To Avoid
A Simple 7 Step Retirement Plan
Starting Late we simply weren’t preparing to pay for life after work, nor were we dealing with scary possibilities. We wouldn’t be able to maintain our lifestyle in retirement even if we waited until age 70 to claim Social Security. What to do?
How One Couple Saved $1 Million By Age 70 Despite Starting Very Late
Preparing for Retirement When It's Too Late to Start Early: If you’re in your 50s or 60s and don’t have enough savings and investments to provide sufficient income when retired, try these strategies.
5 Biggest Financial Risks in Retirement
Plan for retirement with the benefit finder tool
A Retirement Readiness Checklist | Morningstar
Getting Myself Ready for retirement
5 Steps To Take During the 4 Years Prior to Retirement
Expert Interview: Could Paying for Kids' College Hurt Your Retirement?
Find Federal Benefits when Approaching Retirement
Answers To 11 Common Retirement Questions
How to Retire Successfully: Enroll in this course today and Josua J. Sheats will walk you through the many, many great options you face and teach you how to maximize every single one of them.
How To Estimate Future Expenses in Retirement
9 Things To Do Before You Quit Your Job and Retire
Answers To 11 Common Retirement Questions
The Four Pillars of the New Retirement : Family, Health, Purpose, and Finances
Download "3 Simple Steps to a Successful Retirement" e-book
Playing Catch-Up With Your Retirement Savings
How Much Money Do You Need to Retire?
Preparing for Retirement When It's Too Late To Start Early
The Two-Minute Checkup: a unique financial tool: It aims to offer feedback across someone's entire financial life based on no more than nine pieces of information.
Are Americans Financially Educated on Retirement Savings?
The Ultimate Retirement Calculator
9 Things To Do Before You Quit Your Job and Retire
5 Biggest Financial Risks in Retirement
Answers To 11 Common Retirement Questions
How to Get Started Saving for Retirement in Your 20s, 30s and 40s
An Easy Way to Find How Much You Will Spend in Retirement
How to Estimate Income You'll Need in Retirement
The Free Account Everyone Needs To Set Up Before Retirement
Turn Your Retirement Puzzle into a Plan
How to Balance Saving for Retirement and Your Kids’ Education
Retirement Savings By Age: Are You Normal?
Retirement Won’t Save for Itself: Here’s How to Save What You Need
How to Start Retirement Planning in Your 20s, 30s, 40s, and 50s
Calculating Your Retirement Wealth Gap
6 Ways to Make Saving for Retirement Easier
NewRetirement Review: Free Retirement Planning
RETIREMENT PLANNING FOR THE SELF EMPLOYED
two of the best paid retirement calculators: Pralana Gold Retirement Calculator and NewRetirement PlannerPlus.
My Favorite Retirement Calculators
The Best Retirement Calculators
6 Things You Can Do Right Now to Ensure Your Money Will Last in Retirement
The 3 Best Free Retirement Calculators
How to Get Started Saving for Retirement in Your 20s, 30s and 40s
Tackle Your Debt Before Retirement
Planning the 5 Years Prior to Retirement
3 Things You Can Do Now to Cut Your Taxes in Retirement
The Young Professional’s Guide to Retirement
6 Best Retirement Planning and Tracking Apps
9 Tips To Eliminate Your Money Doubts
How to Retire Rich With Embarrassing Old Cars & Fixer-Upper Houses
Retirement Planning Checklists -- 10 Years, 5 Years, 1 Year From Retirement
5 Ways to Track Your Budget in the Years Before you Retire
How the Saver’s Credit Can Help You Save for Retirement
How to Take a Pension: A Math Formula Drives 1 Retiree’s Choice : lump sum or payments?
How Much Should You Have Saved for Retirement by Now?
Pre-Retirement Mistakes to Avoid
Are You Going to Run Out of Money in Retirement?
11 Money Moves to Make in the Decade Before You Retire
According to "Retirement Calculators" I'll Never Retire...
Don’t Have a Pension? The SECURE Act Could Help
How to Start Investing and Saving for Retirement
Do I Have Enough Money To Retire? | A retirement planner
A Simple 7 Step Retirement Plan
Turning 60 Checklist: 10 Key Retirement Questions to Ask
7 Surprisingly Valuable Assets for a Happy Retirement
5 Things to Consider Doing Before You Retire
How to Get Started Saving for Retirement in Your 20s, 30s and 40s
How To Retire in 5 Simple Steps
10 Tips for More Accurate Retirement Calculations
8 Things to Do In the 4 Years Before You Retire
What You Need to Know About Long Term Care Insurance Before You Retire
10 Ways to Retire Earlier Than Friends on the Same Salary
7 Advantages When You Start Saving For Retirement Late
The Easiest Way to Start Saving for Retirement When You’re Saving Zero Right Now
4 Questions That Keep Most Pre-Retirees Awake at Night
How to Prepare for Retirement Medical Costs in 4 Easy Steps
The Importance of Managing Debt as You Near Retirement
Retirement Strategies for a Non-Working Spouse
How long will you live? Researchers create new life expectancy calculator
What is your retirement number?
How much money should you have saved for retirement?
11 Expenses to Cut Now If You Want to Retire Early
Playing Catch-Up with Your Retirement Savings
8 Tips for Building a Useful Retirement Plan
11 Figures You Need to Know for a Secure Retirement
Build a Plan for Income That Lasts as Long as Your Retirement Does
Pre-Retirement Mistakes to Avoid
5 Simple Steps to an Awesome Retirement
Preparing Your Teeth for Retirement
When You're Really Late to the Retirement Planning Game
Preparing for Surprises After You Retire
7 Surprisingly Valuable Assets for a Happy Retirement
How to Plan for Life After Retirement
Planning the 5 Years Prior to Retirement
7 Ways to Retire Without a Mortgage
Your Emergency Fund In Retirement: A Comprehensive Guide
You Didn't Save Enough for Retirement and You're 55+
3 Steps to Take If You're Laid Off Before Retirement
11 Ways to Make Your Retirement Savings Grow Faster
14 Reasons You Might Go Broke in Retirement
What’s The Biggest Threat To Your Retirement Plans?
Are You Prepared for Retirement?
Making the Best of a Forced Retirement
Closing In On Retirement With Very Little Savings
The complete guide to withdrawing money early from your retirement accounts
11 Essential Money Moves to Make in Your 60s — and Beyond
Successful Retirement Plans Are Built on 5 Pillars
11 Retirement Funding Goals Everyone Ought to Hit by Age 50
5 Steps to Take During the 4 Years Prior to Retirement
5 Financial Moves You Should Make Five Years Before Retirement
Will You Have Enough to Retire? Here’s a New Way to Find Out
No Retirement Savings? Here's How to Catch Up
How to Get Started Saving for Retirement in Your 20s, 30s and 40s
Are You Coming Up Short for Retirement?
CHART: Save this percentage of your income based on your years until retirement
Save for Retirement or Get Out Of Debt? 5 Steps to Help Prioritize
9 Action Steps for an Unplanned Retirement | After 50 Finances
How The SECURE Act Changes Your Retirement Planning
When Can You Retire? It Could Be Sooner Than You Think - Clark Howard
5 Things You Need to Know Before You Retire
Ready to Retire? Not Until You've Done 3 Things
Preparation Steps to Take As You Close In on Retirement | After 50 Finances
To Define Your Retirement Goals, Take the Postcard Test
A Retirement Planning Tool by SimplePlanning.com
Best Ways to Retire Without a Mortgage on Your Home
5 Reasons You Should Retire Sooner, Not Later
15 Reasons You'll Go Broke in Retirement
You Didn't Save Enough for Retirement and You're 55+
Now is the perfect time to check on your retirement list
7 Unexpected Perks of Downsizing as a Retiree
Retirement Made Easy: Tips To Make The Transition Simple
You Don't Need a Retirement Plan — You Need a Financial Independence Plan
http://www.wisebread.com/you-dont-need-a-retirement-plan-you-need-a-financial-independence-plan
www.cnnmoney.com has a retirement planner were you plug in your age, income, amount you have, when you plan to retire and you will get a quick estimate of how large a nest egg you will need and what are your odds of reaching it.
I’ve learned a great deal more about retirement, both from my own experience and from others. Here are my top 10 lessons: Still learning
What These Former Pro Athletes Can Teach Us About Retirement ...
Closing in on Retirement with Very Little Savings
How to Retire Early & Confidently Using Real Estate Investing
Bad Timing May Be Your Biggest Retirement Mistake
10 Charts About Retirement Every Retiree Should See - Retirement Field Guide
Retirement Strategies for a Non-Working Spouse
How many years you'll have to work until you can retire
9 Things That Can Make Retirement Really Stink
How to Retire Forever on a Fixed Chunk of Money
How to save for retirement when you're off to a late start
Five Resources to Prepare You for Retirement | Social Security Matters
Why Spending Rates Matter More Than Savings Rates
How To Save For Retirement - How much money should I save?
Hope for an Almost-Retired Spendaholic
PODCAST:
BOOK:
How to Retire: 20 lessons for a happy, successful, and wealthy retirement
WHEN TO RETIRE
WHEN TO RETIRE
A Retirement Readiness Checklist: Evaluating your retirement plan can be more manageable if you break it into smaller steps.
Expert Interview: Factors To Consider to Determine the Best Retirement Age for You
The Most Realistic Retirement Age in Every State
Many folks can afford to retire—but don't. Why not?
What Is the Average Retirement Age?
Find Out in 5 Minutes If You Have Enough to Retire
How Do You Know If You're Ready to Retire Now? Here's a Checklist
You Are NOT Ready to Retire Until You Can Answer These 7 Questions
Having ‘Enough’ for Retirement
When You’re Tiptoeing Into Retirement, Take These Key Steps
9 Things To Do Before You Quit Your Job and Retire
How Do You Know If You're Ready to Retire Now? Here's a Checklist
Retirees Fear Running Out of Money
How to Know When You Can Retire
Early Retirement Tax Planning Checklist
The Importance of Managing Debt As You Near Retirement
A Retirement Readiness Checklist | Morningstar
5 Ways to Make Your Final Working Years Before Retirement Really Count
Considering Retiring? Try a Sabbatical Instead
These Are the Worst Retirement Fears for Americans
Be Honest with Yourself About What You Want Out of Retirement
Should You Take Your Pension in a Lump Sum or Monthly Payments?
How Do You Know if You're Ready to Retire Now? Here's a Checklist
The Benefits of Working Longer
5 Best Retirement Planning Tools for 2021
The Most Effective Way to Improve Your Retirement Security: Work Longer
Do I Have Enough Money To Retire?
5 Things You Need to Decide Before You Can Retire
10 Reasons Why You Should Actually Retire at 62
The Ideal Retirement Age To Minimize Regret And Maximize Happiness
For a Happy Retirement, Try ‘Retirement Dating’ First
18 Traits of the Happiest Retirees
5 Things to Consider Doing Before You Retire
Questions People Ask Before They Retire
5 Compelling Reasons to Postpone Retirement
Preparation Steps to Take As You Close In on Retirement
The 3 Biggest Regrets of Retirees - and How to Avoid Them
RETIREMENT INVESTING:
RETIREMENT INVESTING:
Should You Follow the 4% Rule When You Retire?
After 50 Finances: How To Find the Right Financial Advisor for Your Retirement Years
Know Your Number course helps you determine your retirement number and how much you should be investing to reach that goal. The course includes a nifty spreadsheet where you can adjust different variables like your expected expenses in retirement, age at retirement, life expectancy, and more to see if you are on-track to meet your retirement goals.
How to protect yourself against financial exploitation
Required Minimum Distribution (RMD) Calculator
Required Minimum Distributions: How To Calculate, Rules
7 Advantages When You Start Saving For Retirement Late
What I Learned Investing My Mom’s IRA
How To Invest for Retirement the Right Way
Can Converting to a Roth IRA Reduce Future RMDs? | Morningstar b n
How Much Should You Have Saved for Retirement by Now?
Should I Take a $700,000 Lump Sum or a $4,200 Monthly Pension?
This Rule Affects Nearly Everyone in Retirement (RMD)
The Bucket Investor's Guide to Setting Asset Allocation for Retirement
7 Tips to Retire With a Million-Dollar Nest Egg
Living on a fixed income? : t’s said so often of seniors that we’ve come to accept it as fact. But it isn’t true, says Dick Quinn. Here are some ideas on how to increase this income
How Much Should You Have Saved for Retirement by Now?
Protecting Your Retirement Money
Should You Follow the 4% Rule When You Retire?
Reviewing Personal Capital Post-Empower Takeover: Retirement planning company Empower acquired the financial planning tool Personal Capital in recent years. Now that it’s fully rebranded, here’s another look at the service.
Guarantee Yourself a Lifelong Income Stream
Can You Trust Retirement Calculators?
Should You Follow the 4% Rule When You Retire?
The 4% Rule Gets a Closer Look
The Best Ways To Withdraw Money in Retirement
#IRSTaxTip: IRAs are one tool in the retirement planning toolbox
How to Invest for Retirement If You’re Over 60
The 4% Rule Faces New Problems Today
A Simple RMD Mistake That Can Cost Retirees Thousands
Required Minimum Distributions: How To Calculate, Rules
What’s a Safe Retirement Spending Rate for the Decades Ahead?
For a Safe Retirement, Try the Bucket Strategy
Don't Get Too Hung Up on a Retirement Savings Number
Is This Retirement Investing System Better Than the 4% Rule?
5 Ways To Protect Your Retirement Accounts From Being Hacked
Why Index Funds and ETFs Are Good for Retirees
2 Essential Strategies for Taking Your RMDs
Target Date Funds: Clark’s Favorite Retirement Investment
How hard will your portfolio get hit in a market crash? How much can you safely spend in retirement?
The Rule of 55: What Is It, How It Works
IRA vs. 401(k) Differences - Which Retirement Plan Is Better?
Sequence Of Returns Risk - Why You Should Care
Don’t Cheat Your Retirement With the 4% Withdrawal Rule
How The Creator Of The 4 Percent Rule Applied It For His Clients And His Own Retirement.
Target Date Funds: The Easiest Way to Start Saving for Retirement
We put together a new explainer on target-date funds to help you decide if this set-it-and-forget-it retirement investment tool is right for you.
New research shows that if your retirement timing turns out to be bad, you can dramatically reduce the risk of running low on money by using this newer portfolio withdrawal strategy.
Ask Clark: What Should I Do About My Investments if I'm Retiring This Year?
Here’s What Retirees Are Asking Their Financial Advisors
2-Minute Money Strategy: How Should I Invest My Retirement Savings?
Disadvantages (and Advantages) of a Reverse Mortgage
3 Very Different Problems for Today’s Retirees
14 Reasons You Might Go Broke in Retirement
Listen to DR Podcast 334: The Bucket Strategy from The Dough Roller Money Podcast on Apple Podcasts. https://podcasts.apple.com/us/podcast/the-dough-roller-money-podcast/id743822914?i=1000487301801 Rob alluded to the bucket strategy in the last podcast (333) so we recommend you listen to that first and follow up with this to discover a practical strategy for managing your investments in retirement, which will help you avoid selling stocks during a bear market.
www.troweprice.com has a retirement calculator (click on investment guides and tools) were you can estimate what are the odds that your portfolio will last throughout retirement. You can also see how tinkering with your withdrawals or investment mix might improve your chances.
Fidelity's retirement calculator (Fidelity’s myPlan retirement quick check) has an asset allocation feature that can help you find the best mix of stocks and bonds for your retirement goals. If you are already retired you can use the retirement income planner tool which can reduce your chances of running out of money.
Tax-Smart Ways to Lower Your RMDs in Retirement
Tip: from Ric Edelman (Financial Planning - Edelman Financial)
"When there is a downturn in the market you need to stop taking money out of your portfolio of your long term investments to cover expenses. You should have 2 years worth of savings and use these savings to cover expenses above and beyond any social security or pension coming in. This is to prevent taking money out when the stock market fells a lot and your portfolio has fallen a lot in value. You don't want to run out or money in this scenario. A significant downturn is when you need to take >= 5% of your portfolio for over a year"
The Shockingly Simple Math Behind Early Retirement
9 Smart Strategies for Handling RMDs
Should You Include Annuities in Retirement Investments?
How an HSA Could Help Your Retirement
Could This Be a New Safe Way to Use 4 Percent Rule?
VIABILITY OF THE SPEND SAFELY IN RETIREMENT STRATEGY
3-Legged Retirement Stool? I'll Take The 5-Legged Retirement Platform - Military Dollar
WHERE TO RETIRE:
WHERE TO RETIRE:
Financial Considerations of Moving Abroad
Live And Invest Overseas: a resource for retiring, investing, and living abroad
Thinking About Downsizing Your Home? (tax considerations)
U.S. News Announces 2024 Best Senior Living Ratings
10 Best and Worst States To Retire
How to apply for an absentee ballot if you live overseas
3 Countries Where Your Age Is an Asset
10 Most and Least Expensive Major Cities
Planning to relocate when you retire? Rick Connor’s advice: Check out a state’s property, sales, estate and income taxes—including whether Social Security, pensions and IRAs are taxed.
"Thinking of leaving the U.S.? What this 64-year-old wishes she knew before retiring in Mexico—on $1,000 a month" here: https://share.smartnews.com/yRQq
Senior movers: Kathy Wilhelm wanted to sell her home—but she didn't want the hassles of moving. Her solution: hire so-called senior movers.
The Best Senior Moving Services of 2023
Intrigued by the idea of a 55-plus community? Here are seven key benefits
The Proper Geoarbitrage Strategy: First Your City, Then Your Country, Then The World
Accessory Dwelling Unit (ADU): Definition, Cost, and Value Add
Options for Selling That Used Furniture in Your Storage Unit
Community Well-Being Index - Sharecare
Moving Away From Family To Better Afford Retirement Living Expenses
Should I Buy a Home in a 55+ Community?
How We Live a Nomadic Life in Retirement
Senior Move Management: What Do They Do? [Complete Guide]
MAXSOLD: Sell Everything Simply on Time. Managed Online Auctions Built for Downsizing, Estate Sales and Liquidation
What Empty Nesters Can Do With Their Homes
Is Downsizing In Retirement Right for You?
10 Small Towns Where You Can Retire on $2,300 a Month
10 Best and Worst States To Retire
How to Start Your Life in a New Country
New RV Owner Regrets: What to Know Before Buying
When a Retirement Home Is a Boat in the Caribbean
Where Will You Live When You Retire?
It’s Complicated to Retire Abroad. Here Are 4 Considerations Before Diving In.
Dear Penny: Is It Possible for Two Retirees to Buy a Home at Age 70?
New: Top 5 Cities for Retired Singles
How to Find Affordable Senior Housing
Retirees: Cohousing is Growing. Is it Right for You?
Before Downsizing to the Rental Market for Retirement
Aging in place: take a realistic look around and decide what needs to change, with minor modifications, you can often remain at home for many years.
Virtual Retirement Village an Affordable Elder Care Option
Should You Retire Abroad? What to Consider
Check this out – Where's the best place for me to retire?
A useful new tool to help you pick a place to live.
Moving to Another State in Retirement? What You Need to Know
Best and Worst States for Workers Over 65
Top 15 Most Affordable Places To Retire
8 Things You Must Know About Retiring to the Carolinas
Using Domestic Geoarbitrage to Retire Sooner
How to Get a Mortgage with No Income (like in retirement)
14 States That Won't Tax Your Pension
10 Most Tax-Friendly States for Retirees
10 Things You Must Know About Retiring to Florida
Retirees, Here's 7 Essential Steps to Getting Your House Ready to Sell
5 Home Improvements That Help You ‘Age in Place.
Should You Rent or Buy Your Next Home in Retirement?
4 Things To Consider Before You Downsize in Retirement
5 Countries Where You Can Retire on $2,000 a Month or Less
14 Reasons You Will Regret an RV in Retirement
These 7 best friends built a house to grow old in together
A Retirement Home Is a Tiny House in the Kids’ Backyard
Before Downsizing to the Rental Market for Retirement
Planning to Sell Your Home in Retirement? Downsize Costs Along With Space
How to Retire Abroad Post-COVID 19
7 Reasons Not to Move When You Retire
10 Places Where Social Security Offers the Best Standard of Living
When Empty Nesters Move Out of The Family Home
Does Home Ownership or Renting Make More Sense In Retirement?
7 Money Mistakes to Avoid When Downsizing in Retirement
7 Benefits of Renting a Home in Retirement
My Search for the Perfect Place to Retire
Truth About Retiring Abroad | Is Retiring Abroad Really a Good Idea?
Should I Buy a Home in a 55-Plus Community?
15 Things to Consider Before Retiring Abroad - Saving Freak
Retiring Overseas? What You Need to Know About Getting Benefits Abroad
7 Reasons You Should Not Move for Retirement
Five things you must do before you pack your bags for an overseas retirement
City climate dopplegangers. [City Projections] — “Find your city’s climate doppleganger: Search for a city and find cities around the world with similar climates (try searching by country and selecting the nearest city if your city is not found).”
Is Multi-Generational Housing Right for You and Your Budget?
Before Downsizing to the Rental Market for Retirement
13 Reasons You Will Regret an RV in Retirement
Using Geoarbitrage To Retire Early
11 Reasons You Don't Want to Retire in Florida.
Overseas Retirement: the Good, the Bad and the Ugly
Should We Rent or Buy in Retirement?
Property Tax Breaks for Retirees
Finding Your Ideal Retirement Location
Podcast: Where Should You Retire?
5 Upgrades That Help Seniors Grow Old in Their Own Homes
Are you a senior citizen? Do you have questions about housing? USA.gov can help you:
Learn how you can afford your housing.
Find adult day care, home day care, or long-term care.
Get in-home help with cooking, cleaning, and transportation.
Compare local home health companies.
Find the tools you need to file a complaint if you believe you were a victim of housing discrimination because of your age.
Find answers for yourself and your family with these shareable tips and resources: Be Savvy about Senior Housing
At www.usnews.com/retiresearch you can search more than 1,000 places to find the exact spot that meets your needs based on such criteria as climate, access to healthcare, cost of living, crime rate and recreational amenities.
Should you rent or buy a home in retirement? by Consumer Reports
Check out USNews list of top 10 affordable places to retire. These spots offer retirees looking for a bargain a choice of mountain or beach locales, hot or cold climates and numerous ways to get exercise and enjoy the outdoors at www.usnews.com/retirebargains
Reminder: Taxpayers must file and pay taxes even if they live abroad
It’s important that U.S. citizens and resident aliens living abroad understand their tax obligations.
Their worldwide income -- including wages, unearned income and tips -- is subject to U.S. income tax, regardless of where they live or where they earn their income. They also have the same income tax filing requirements as U.S. citizens or resident aliens living in the United States.
An income tax filing requirement applies even if a taxpayer qualifies for tax benefits such as the Foreign Earned Income Exclusion or the Foreign Tax Credit, which reduce or eliminate U.S. tax liability. These tax benefits are available only if the eligible taxpayer files a U.S. income tax return.
Taxpayers living outside of the U.S. and Puerto Rico have an automatic extension to file – but not to pay
A taxpayer has an automatic two-month extension to June 17, 2024, if both their tax home and abode are outside the United States and Puerto Rico. Even with an extension, a taxpayer will have to pay interest on any tax that wasn’t paid by the regular April due date.
Those serving in the military outside the U.S. and Puerto Rico on the regular due date of their tax return also qualify for the extension to June 17, 2024. Taxpayers should attach a statement to their tax return if one of these two situations applies. More information is in the instructions for Form 1040 and Form 1040-SR, Publication 54, Tax Guide for U.S. Citizens and Resident Aliens Abroad, and Publication 519, U.S. Tax Guide for Aliens.
Reporting requirement for foreign accounts and assets
Federal law requires U.S. citizens and resident aliens to report their worldwide income, including income from foreign trusts and foreign bank and other financial accounts.
Schedule B (Form 1040), Interest and Ordinary Dividends – In most cases, affected taxpayers attach Schedule B to their federal return to report foreign assets. Part III of Schedule B asks about the existence of foreign accounts such as bank and securities accounts and usually requires U.S. citizens and resident aliens to report the country in which each account is located.
Form 8938, Statement of Foreign Financial Assets – Some taxpayers may also need to attach Form 8938 to their return to report specified foreign financial assets if the total value of those assets exceeds certain thresholds. The instructions for this form have the details.
People must also report foreign assets of $10,000 or more to the Treasury Department
U.S. persons with an interest in or signature or other authority over foreign financial accounts where the total value exceeded $10,000 at any time during 2023 must also file a Financial Crimes Enforcement Network (FinCEN) Form 114, Report of Foreign Bank and Financial Accounts with the Treasury Department. The form is available only through the BSA E-filing System website.
The deadline for filing the annual Report of Foreign Bank and Financial Accounts was April 15, 2024. U.S. persons who missed the April deadline have an automatic extension until Oct. 15, 2024, to file the FBAR.
QUOTES:
Before Selling Your Home To Become a Renter: Regarding the article Before Downsizing to the Rental Market for Retirement, you might also want to add to look at what rental prices are doing in that location. In our Florida area, rentals have doubled in the last few years, forcing many retirees on a fixed income into a quandary to find affordable rentals. Many have been forced to leave their long-term rentals and are struggling to find anything they can afford. It makes me so glad we decided to buy rather than rent!!! (And the housing prices have risen also).
Jin
PODCAST:
1) Explore how accessory dwelling units offer secure, independent housing options for aging family members in your own backyard. podcasts.apple.com/us/podcast/the-truth-about-your-future-with-ric-edelman/id1603081576?i=1000655798446
2) This is Why You Shouldn't Leave Your Home Country and Go Elsewhere
Radical Personal Finance Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/radical-personal-finance/id896153632?i=1000526659013
3) Considering a 55+ Community? THE TRUTH ABOUT YOUR FUTURE with Ric Edelman https://podcasts.apple.com/us/podcast/the-truth-about-your-future-with-ric-edelman/id1603081576?i=1000661544916
4) Stay, Move, or Downsize? podcasts.apple.com/us/podcast/8-26-24-stay-move-or-downsize/id1603081576?i=1000666659056
SAVING MONEY IN RETIREMENT:
SAVING MONEY IN RETIREMENT:
AARP Money Map: Ready to make the most of your retirement funds? AARP can help to ensure your money lives as long as you do by helping you learn how to stick to a budget, maximize your Social Security benefits and reduce debt. And, check out AARP Money MapTM for tips to help you navigate your finances and stay on track.
IRS Free File: Many seniors and retirees can file their taxes for free with IRS Free File at IRS.gov/freefile. The program offers online tax preparation software for taxpayers with adjusted gross income (AGI) of $79,000 or less in 2023.
How Empty Nesters Can Reduce Food Waste
15 Senior Discounts for People Age 50 and Older
A Comprehensive Guide to Your Emergency Fund In Retirement
Complicated tax decisions requires good fact finding!!
In-person IRS help for seniors and low-income taxpayers
Eligible taxpayers can have their taxes prepared in person for free with these two programs:
Tax Counseling for the Elderly – The TCE program prioritizes taxpayers aged 60 and older. TCE specializes in questions about pensions and retirement-related issues unique to seniors.
Volunteer Income Tax Assistance – The VITA program is generally for people who make $60,000 or less, people with disabilities and limited English-speaking taxpayers. VITA assistance is often provided at community and neighborhood centers, libraries, schools, shopping malls and other convenient locations.
To find a TCE or VITA site near them, taxpayers can use the site locator tools on the IRS Free Tax Preparation page of IRS.gov.
Report: These Expenses Are Higher Than Retirees Expect
How Connecting to Benefits Programs Can Save You Money
8 Scams Costing Seniors Millions of Dollars
The Best Flexible Strategies for Retirement Income
Help with drug costs with "EXTRA HELP" from Medicare
The Benefits of Gamifying Retirement Spending
How To Save on the 6 Biggest Retirement Expenses
Controlling Medical Costs in Retirement
How Empty Nesters Can Reduce Food Waste
Empty Nesters: Don't Let Your Food Budget Fly the Coop
Worry Less and Age Better with BenefitsCheckUp
10 Biggest Expenses in Retirement
The Best Ways To Withdraw Money in Retirement
How To Save on the 6 Biggest Retirement Expenses
Seniors: get free meals delivered to you
How a Conman Targets and Takes Advantage of the Elderly
How Seniors Can Save Money on Prescription Meds
Stay Healthy and Independent with the Senior Nutrition Program
Places to look for senior discounts.
Senior Discounts You Might Not Know About
How We Retired With Almost No Savings
Read These 6 Tax Breaks for Older Adults
The Best Ways To Withdraw Money in Retirement
Senior Discounts You Might Not Know About
Empty Nesters: Don't Let Your Food Budget Fly the Coop
Expenses You Can Reduce Or Eliminate in Retirement
Reverse Mortgage Pros and Cons That Every Homeowner Needs to Know
Empty Nesters: Don't Let Your Food Budget Fly the Coop
Lessons on Cooking for Two in Retirement
Stretching Auto Insurance Dollars as You Approach Retirement
7 Major Expenses in Retirement (and How To Reduce Them!)
How To Minimize 4 Risks to Your Retirement Savings
I’m Retired. Should I Pay Off My Mortgage?
What Is the Best Way To Withdraw Money in Retirement?
The 7 Biggest Retirement Expenses and How To Save on All Of Them
Benefits for Senior Citizens: Benefits.gov can help you find benefits you are eligible for, including resources for seniors. Learn more about benefits for senior citizens.
Retirees, Here Are 3 Paths for Getting Vision Insurance
9 Ways Retirees Can Whittle Down Their Car Insurance Costs
Stretching Auto Insurance Dollars as You Approach Retirement
12 Questions Retirees Often Get Wrong About Taxes in Retirement
7 Major Expenses in Retirement (and How To Reduce Them!)
5 Ways To Be Smarter With Your Retirement Savings
The Most-Overlooked Tax Breaks for Retirees
Why Your Retirement Budget Doesn’t Really Matter
7 Major Expenses in Retirement (and How to Reduce Them!)
11 Ways to Save Money in Retirement
Drawing It Down: determining how much you can safely spend in retirement is far trickier. Consider three strategies.
https://humbledollar.com/2021/01/drawing-it-down/
How Retirees Can Combat Inflation
10 Most Tax-Friendly States for Retirees
Your Changing Insurance Needs as You Approach Retirement
What to Do When One Spouse Spends Too Much in Retirement
What Is a Reverse Mortgage and How Does It Work?
15 Ways to Stretch Your Dollars in Retirement
Before Borrowing a Reverse Mortgage to Delay Collecting Social Security
Commonly Overlooked Retirement Expenses
Budgeting for Healthcare in Early Retirement
Are You A Toxic Retirement Saver?
15 Ways to Stretch Your Dollars in Retirement
The Benefits and Pitfalls of a Reverse Mortgage
What Is a Reverse Mortgage and How Does It Work?
10 Things You'll Spend More on in Retirement
7 Major Expenses That Shrink When You Retire
Can A Frugal Retirement Be Enjoyable? Mine is
7 Major Expenses in Retirement (and How to Reduce Them!)
11 Ways to Save Money in Retirement
7 Surprising Ways Retirees Waste Their Savings
100+ discounts that will save seniors money
How to Pick Your Retirement Car
Why You Need Good Credit in Retirement
How We Retired With Almost No Savings
Making the Best of a Forced Retirement
7 Uncommon Ways to Cut Costs in Retirement
5 Tips to Minimize Your Taxes in Retirement
15 Ways to Stretch Your Dollars in Retirement
Money Management Advice for Expat Retirees
10 discounts people age 50 and older should know about!
6 ways to stretch your retirement income
5 Ways to Cut Your Taxes in Retirement
How We Retired With Almost No Savings
How to Calculate the True Retirement Costs of Anything
7 Steps to Estimating Your In-Retirement Cash-Flow Needs
Great Tips for Seniors Who Want to Live Frugally
What Is a Reverse Mortgage and Is It Right for Me?
Listen to 217| How to Save Thousands in US Federal Taxes Using Geo-arbitrage | David McKeegan on Apple Podcasts: David from Greenback Expat Tax Services explores the basics of taxes for expats. Learn about the rules surrounding expats taxes and strategies to consider. Listen to 217| How to Save Thousands in US Federal Taxes Using Geo-arbitrage | David McKeegan from ChooseFI on Apple Podcasts. https://podcasts.apple.com/us/podcast/choosefi/id1187770032?i=100047713853
QUOTES:
QUOTES:
One Way Empty Nesters Can Lower Electric Bills: When I was cooking for our family, it made sense to use the oven for most things. Now that we're empty nesters, I've been using my old toaster oven and slow cooker for many cooking duties. My husband and I aren't big eaters, so there's no need to heat up a big oven for a small roast. I've read that the oven is one of the biggest electricity users in a home, so I'll be curious to see how much we save on our bill. Lois from Dollar Stretcher Tips
Preparing for Retirement: I am now working on defining my frugal lifestyle that will become my retirement lifestyle. Part of that is defining or identifying those frugal steps I will take on a daily basis, which will allow my retirement savings to go further. I now make a comfortable six figure salary, but I am shifting my lifestyle to be comfortable on a retirement income of 50k per year. Frugal steps/habits I have adopted that are now second nature include:
Do my own car maintenance
Developed a frugal, yet clean grocery menu
Dropped cable
Use Republic Cellular
Adopted electricity saving habits like keeping lights off in unused rooms, setting thermostat at 66/76, and doing laundry after 9 p.m.
Use the library
Take low-cost camping vacations
Use items I already own or borrow. Don't buy new again. Use Craigslist.
9 Purchases Retirees Often Regret (and How to Save)
I know these are popular steps taken by many, but actually making them part of my family's "nature" is a concerted effort that is really paying off and allowing me to retire much earlier than I had planned. I am also building a large cash fund to cover future purchases like cars, appliances, etc. and cover house repairs I cannot do. I hope to retire this year. Ron C. from Dollar Stretcher Tips
Phone companies, cable companies and others who provide essential services often have discounts for seniors and the disabled, but they seldom advertise this. I get $7 off my home phone bill and get about the same off my cable bill, too. All it takes is a phone call to inquire and a quick trip to show proof, which can probably be mailed in as well. A Medicare card is good documentation. They will accept other things as well. Barbara from Dollar Stretcher tips
Cooking for One + One + One: I picked up this idea from my mother. She's a widow and lives in a 55+ community. She got tired of cooking for one person, so she and two neighbors formed a group. They cook two meals each week and share them with each other. That covers six days! I'm divorced and have the same cooking problem. I'm teaming up with two others in my neighborhood, and we'll do the same thing. Only we're each cooking one meal each week for the group. Cassie from Dollar Stretcher Tips
RETIREMENT EXTRA INCOME:
RETIREMENT EXTRA INCOME:
Looking for another job full time or part time and have no idea were to look for? Then start making a list of future goals, future ideas, future businesses, future jobs you are interested in or jobs that sound fun. keep a list of what you think your skills are (good for writing a resume), keep a list of companies you admire, or hobbies you are interested in. Go to conferences, read books, blogs, trade journals, articles, look for what other companies are doing and keep current on that, do volunteer work in areas you are interested in, talk to people that work in the trade or area you are interested in
6 Ways To Make Extra Money in Retirement
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2 Ways To Guarantee Yourself a Lifetime Stream of Income
Resources for Low-Income Seniors
15 Ways Retirees Can Make Extra Money From Home
Make Extra Cash in Retirement: 6 Different Ways
8 Easy Ways to Make Extra Money
Retirement Income Shouldn’t Depend on the Market; It Should Depend on Math
Reverse Mortgage Pros and Cons: Everything You Need to Know
How to Create a Retirement Income Stream
What Mature Homeowners Should Know about Reverse Mortgages
How Retirees Can Earn Extra Cash by Turning Their Home into an Airbnb
The Joy of Owning a Business in Retirement
How Retirees Can Earn Extra Cash by Turning Their Home into an Airbnb
6 Ways To Make Extra Money in Retirement
What Is a Reverse Mortgage and Is It Right for Me?
Retirees, Declutter for a Profit
Retirees, Make the Most of Your Home Equity
Side Gigs Well Suited for Retirement
Finding Part-Time Work When You're 50+
How to Sell Your Life Insurance Policy
9 Types of Tax-Free Retirement Income
The Top 11 Jobs That Employers Want Retirees to Do
20 Great Part-Time Jobs for Retirees
12 Ways for Retirees to Make Passive Income
Cannot afford rent by yourself and over 55? Here are some websites that can help you find roommates, will pair renter's with homeowners and promotes share housing for seniors:
Earning supplemental income in retirement with a part-time job
Silvernet: Silvernest is a one-stop-shop online homesharing platform that pairs boomers, retirees, empty nesters and other older adults with compatible housemates for long-term rent arrangements. Through these creative living situations, homeowners earn extra income (about $10,000 a year), remain in their homes longer, and keep isolation at bay, while renters pay far less than market rent. Both enjoy companionship and the efficiencies that come with sharing a space.
Shacking up: Empty nesters can earn big bucks renting out a spare room
Before You Get a Reverse Mortgage, Check Out These 15 Alternatives
9 Employers and Job Resources to Pursue as an Older Worker
Successful Job Searches When You're 50+
The Benefits of Living with a Roommate
WHAT TO DO AFTER YOU RETIRE:
WHAT TO DO AFTER YOU RETIRE:
Eating healthy has benefits that can help people ages 60 and up.
How volunteering can help you stay healthier and more fulfilled later in life.
Your Strengths Don't Retire When You Do
After 50 Finances: 9 Action Steps for an Early Unplanned Retirement
Healthy living doesn’t have to stop as you age: Are you interested in healthy aging? Regardless of your age, adopting healthy habits can add to a productive and meaningful life.Check out a guide from the U.S. Department of Health and Human Services that gives tips and resources on aging to: ❤️ Locate benefits and find care.🥗 Get nutrition suggestions based on your age.🧠 Train your brain.🏃 Stay active.
Financial and lifestyle implications of owning and traveling in a small RV.
Best Retirement Hobbies: Ideas for Seniors Over 60
Hotels That Offer Senior Discounts
When Empty Nesters Reorganize and Declutter Their Home
4 Legal Documents Older Americans Need — but Most Don’t Have
Seven Reasons to Work after retirement
Loneliness and Social Isolation — Tips for Staying Connected
When Empty Nesters Reorganize and Declutter Their Home
Some Friendly Advice (about loneliness in retirement)
10 Tips for How to Make Friends
Expert Interview: Lifestyle Changes To Consider Before Taking In a Grandchild
Growing More Brain on a Budget
10 Rules for an Enjoyable Retirement
7 Things People Lose in Retirement
How to Live Long and Live Well In Retirement
Here are some more tips for empty nesters who are reorganizing and decluttering their homes
Average Retirement Income: What is a Good Monthly Retirement Income?
5 Biggest Financial Risks in Retirement
Affordable Activities To Enjoy With Teen Grandkids
Don’t Make These 7 Common Retirement Mistakes
10 Rules for an Enjoyable Retirement
Free (or Cheap) College for Seniors in Every State
7 Surprisingly Valuable Assets for a Happy Retirement
Changing Financial Behaviors In Retirement
Retirees: Go Ahead and Spend More in the Go-Go Years
Happy Retirees Have These 7 Habits in Common
Retirement Tips from World-Famous Authors to Live Happily Ever After
Becoming a Beginner in Retirement
13 Money-Saving Travel Tips for Retirees
Retirement Spending on Safety a Good Investment
The new map of life:The 100-year life is here. We're not ready.
One Solution for Cheaper Retirement Travel: A Small RV.
Choosing a Compact RV or Camper for Retirement Travel.
Ultimate Guide to Renting a Campervan or Small RV.
The Joy of Owning a Business in Retirement
7 Habits of Highly Successful Retirees
The 5 Big Mistakes This Career-Long Banker Made in Retirement
Should You Start a Business After Retiring?
Free (or Cheap) College for Retirees in All 50 States
Retirees, Know Your Rights in Debt Collection
Exercise Saves Seniors Money on Health Care
6 Life-Changing Lessons from 2 Retirees Changing Lives
Navigating Retirement After the Death of a Spouse
Happy Retirees Have These 7 Habits in Common
I didn’t know what I wanted to do in retirement, nor how much that would cos
Living a Life of Purpose after Retirement: 3 Action Steps to Take
Managing Your Debt in Retirement
Developing Systems To Conquer Your Early Retirement Fears
4 Steps to a Happy Single Retirement
Retirement Tips for Women – Whether You’re 22, 62 or 102
6 ‘Retirement Killers’ to Avoid at All Costs
4 Questions to Ask Before Heading Back to College at 50+
How Credit Card Needs Change after Age 50
Launching a Successful Part Time Business in Retirement without Jeopardizing Your Savings
Top 5 Activities That People Dream of Doing in Retirement
Stay connected to avoid feeling lonely: There are options available to you that range from a lesser commitment to foster new relationships:
Participating in an adult day care program: these are designed to provide companionship or supervision for older adults. If you just want the company of other seniors or need assistance throughout the day, the adult day care center may be a great fit. Depending on your income , some assistance may be available. The average cost is between $25-100 per day and covers meals and activities. Adult day care centers are avilable in all 50 states. If you need assitance locating a facility in your area you can visit https://eldercare.acl.gov/Public/Resources/Topic/Caregiver.aspx
Relocating to a Senior Community: Community living provides the atraction of living in a community that is specifically desigend for the older population. Most of these communities are all inclusive therefore your rental fee would cover housing cost, utilities and activities. What's even more attractive about these communities is the comfort of knowing that you are residing in a community with similar people. This alone creates a space to foster new frienships and companionship. For more information on senior community living please visit https://www.seniorliving.org/
Senior Corps is a great way to connect you with others that need you most. If you're interested in volunteering your time, learning a new skill or creating new friendships this would be ideal. Currently they offer a Grandparent Program and a Senior Companion Program. Some of their programs offer a stipend to offset the cost from volunteering. The time commitment varies per program, but Foster Grandparents serve an average of 20 hours per week. For more informaiton and to learn how you can get started pleace visit Senior Corps | Corporation for National and Community Service
Why loneliness is bad for your health
Finding Meaning in the Second Half of Life,
Dr James Hollis: How to Find Your True Purpose & Create Your Best Life.
David Champion: The Psychololgical Challenge of Early Retirement.
How to Be Happy (Not Bored!) in Retirement
Retirees' Guide to Giving for the Greatest Impact
Try Not to Slip - when you get older
Successful Job Searches When You're 50+
7 Habits of Highly Successful Retirees
The Ways Pets Improve Our Retirement Well-Being
9 Tips for Better Time Management in Retirement
How to Redefine Your Identity Post-Retirement: Are You Ready?
Why creatives thrive in early retirement
How to Master the ART of Retirement
7 Ways to Worry Less About Your Retirement
65 Tips for a Healthy, Wealthy and Happy Retirement
10 Tips for Managing Money in Retirement
6 Ways to Find Meaning and Purpose in Retirement
Free (or Cheap) College for Retirees in All 50 States
100+ discounts that will save seniors money
8 Surprising Things No One Tells You About Retirement
7 Hobbies That Help You Live Longer
7 Money Moves You Should Make After Retiring
5 Reasons to Work as Long as You Live
11 Signs That You Chose a Bad Place to Retire
9 Things That Can Make Retirement Really Stink - Yahoo Finance
Bailing Out Your Adult Kids Financially | After 50 Finances
No idea what to do when you retire? Read Free E-book of The Joy of Not Working this book will help you figure out what to do when you retire
10 Charts About Retirement Every Retiree Should See - Retirement Field Guide
VolunteerMatch - Find Volunteer Opportunities: Why Join VolunteerMatch? Connect with a cause that needs you. We have 100,000+ nonprofits around the world who need your help.. Uncover new volunteer opportunities that matter to you, wherever you are.
Free (or Cheap) College for Retirees in All 50 States
Top 5 Activities That People Dream of Doing in Retirement
'Plan B' Careers Help Insure Your Future
How to Retire with Purpose and Passion
How to Access all that Sweet Pretax Money Once You Retire
Most-Overlooked Tax Breaks for Retirees
9 Employers and Job Resources to Pursue as an Older Worker
9 Great Travel Discounts That Begin in Your 60s
30 Awesome Things to Do in Retirement
6 Ways Travel in Retirement Keeps You Young
5 Reasons to Work as Long as You Live
10 Ageless Travel Tips From the Senior Nomads
Why Empty Nesters Should Declutter Their Homes
The Amazing Tax Benefits of Semi-Retirement
4 Great Job Apps and Websites for Retirees - Clark Howard
8 Signs That It’s Time for You to Unretire
Living With Your Adult Children Moving Back Home - How to Make It Work
When Should You Stop Supporting Your Child Financially?
Going Places Without a Car in Retirement
https://www.forbes.com/pictures/mjf45hmeh/no-car-no-problem/
Whether you're a childless Millennial or a boomer near or in retirement,you can live happily without owning a car-- in the right locale. To pick the 25 best places to go carless, we weighed city-wide ...
BrainGuide: Concerned about brain health? Try our guided telephone or online experience to receive resources tailored to your needs. BrainGuide offers two memory questionnaires: one to take for yourself, and another for someone you care about. Each questionnaire takes less than ten minutes to complete. When you’re done, we’ll send you tailored resources based on the answers you gave us. All your responses are confidential.
Here are five actions grandparents and older adults raising kids can take to evaluate their finances and plan for family goals.
Get a clear picture of monthly income and expenses. If you’re raising kids on a fixed income, you may be rethinking your budget. Use our income tracker to see where money is coming from and the spending tracker to see where it’s going.
If your household just got bigger, you probably have added expenses. Find out if federal, state, or local assistance programs can help. Go to Benefitscheckup.org to find benefits that could help with the cost of food, health care, housing, utilities, and transportation.
If you’ve had to take on new debts, use our debt log to total how much is owed, track interest rates, choose a debt reduction strategy, and prioritize payoff goals.
Talk about money choices with the kids in your care. Visit our Money As You Grow resource page to find age-appropriate activities and conversation starters to help build children’s money skills, habits, and attitudes.
Whether you’re raising kids or not, it’s a good idea to plan ahead, set money goals, and start saving. Use our planning tool to think about major life events and set savings goals for large purchases, such as buying a car and paying for college.
MEDICARE:
MEDICARE:
Find & compare providers near you. Not sure what type of provider you need? Learn more about the types of providers. You can also search by specialty, like general practice or internal medicine. You can also select the "Compare" button for a side-by-side comparison of up to 3 different doctors.
Avoid the Medicare Scam That’s Running Rampant
Understanding The Basics of Medicare (PDF)
Applying for Medicare? Dick Quinn sings the praises of original Medicare—and is leery of Medicare Advantage plans
Chapter: Feel Confident About Your medicare Decisions. Medicare can feel like wandering through a maze. But you don't have to go it alone. Our friends at Chapter can help you choose the right plan and navigate your options.
What Is Medicare and How Does It Work?
Use the Medicare Plan finder to compare plan details www.medicare.gov or call the Medicare help line at 1-800-633-4227. For a step by step guide to navigating the Plan Finder, go to www.aarp.org/bulletin/medicare/quick_route.html For the local phone number of your state health insurance assistance program (SHIP) which can provide personal help, call the Medicare number above or go to www.shiptalk.org
There are interactive tools at www.medicare.gov that allows seniors to enter their drugs plus their dosages and how often you take them and compare the anticipated costs whether they are considering stand alone drug coverage or the most comprehensive Medicare Advantage plans.
There are counselors with the State Health Insurance Counseling and Assistance Programs that can offer one on one advice on every state at www.medicare.gov/contacts/static/allstatecontacts.asp
Find and compare doctors: Are you looking for a doctor — or specialist — and not sure where to start? Medicare.gov makes it quick and easy to find and compare doctors and other providers in your area. Here's how:
Visit Medicare.gov/care-compare. Select "Doctors & clinicians," and enter your location. You can also search by specialty, like general practice or internal medicine. Review details about the doctors you're interested in, like their contact information, practice locations, hospital affiliation, or if they offer tele-health services. You can also select the "Compare" button for a side-by-side comparison of up to 3 different doctors. Once you're ready to schedule a visit with a new doctor, be sure to call ahead to verify general information, like office location, if they're accepting new patients with Medicare, and if you need a referral.
Mental Health & Substance Use Disorders : Medicare covers many mental health services to support you, including depression screening, individual and group therapy, and family counseling. You may be able to get many of these services via telehealth.
Medicare Medical Savings Account (MSA) Plans | Medicare
Clark Howard: Why I Think Medicare Advantage Plans Stink
Avoid the Medicare Scam That’s Running Rampant
How to avoid Medicare Open Enrollment scams
10 Things Medicare Doesn’t Cover
Learn about Medicare coverage and how to apply
Reporting Medicare fraud & abuse
Which is Right for You, Medicare or Medicaid?
Looking for Medicare Savings Programs? Learn about Eligibility Requirements: Medicare Savings Programs (MSP) are for people on Medicaid with limited income and resources. The Medicare Savings Programs help pay some or all of a citizen’s Medicare premiums, deductibles, copayments and coinsurance.
State Health Insurance Assistance Programs (SHIPs) : provide local, in-depth, and objective insurance counseling and assistance to Medicare-eligible individuals, their families, and caregivers.
The Pros and Cons of Medicare Advantage
Time to decide which medicare plan
How to Find the Best Medicare Part D Drug Plan
How to Save Money on Everything Medicare Doesn’t Cover
Don't wait to apply for Medicare
Watch Out: RMDs Can Trigger Massive Medicare Means Testing Surcharges
Everything You Need to Sign Up for Medicare
The Rules for Making a Medigap Switch
You Can Appeal a Medicare Premium Surcharge
4 Tips For Choosing The Right Medicare Supplement Plan
Medicare Basics: 11 Things You Need to Know
Are You Prepared for Health Care Costs While in Retirement?
3 Reasons You Can’t Rely on Medicare Alone
The Price of success: if you have a good year you will pay more
11 Costly Medicare Mistakes You Should Avoid Making
Are You Taking Full Advantage of Your Medicare Plan?
13 Ways to Save on Things Medicare Doesn’t Cover
How to Pick the Right Medicare Plans for You
Medicare Basics: 11 Things You Need to Know
7 Things Medicare Doesn't Cover
3 Reasons You Can't Rely on Medicare Alone
Medicare, A Simple Explanation
6 Things That Are ‘Free’ With Medicare | Money Talks News
7 Ways to Maximize Medicare Benefits
Apply for Help with Medicare Prescription Drug Plan Costs
Request a Replacement Medicare Card
5 Common Medical Expenses That Medicare Won't Pay For
Health insurance can be hard to understand. If you qualify for Medicare or are already covered by it, but are still unsure, you can find more at medicare.gov . Different parts of Medicare cover different services. For example, Part A includes hospital stays, while Part B covers doctor and preventative services. Like most policies, Medicare doesn't cover everything. You may need supplemental insurance or an extra Medicare health plan to offset medical costs.
Looking for a way to find and compare health care providers? Check out Medicare.gov to get helpful information about doctors, hospitals, and other health care services in your area, based on your individual needs. See contact information, directions, and quality ratings for:
Doctors & other providers
Hospitals
Local nursing homes
Hospice & home health agencies
Dialysis facilities
Inpatient rehabilitation centers & long-term care hospitals
It's easy to find and compare hospitals in your area that offer services like medical, surgical, and psychiatric care. At Medicare.gov, you can:
Filter by "hospital type" to find special facilities like acute care, critical access (rural), or children's hospitals.
See patient survey ratings that measure patients' experiences of their hospital care, including how well nurses and doctors communicated during their stay and how responsive hospital staff were to their needs.
Compare a hospital's performance against national averages for patient experiences, timely and effective care, complications, and more.
Find hospital contact information and directions.
The State Health Insurance Assistance Program (SHIP), though some states give it a different name (such as SHINE in Florida or SHIBA in Idaho) is made up of a network of trained volunteers who provide 1-on-1 counseling about Medicare benefits. The program isn’t connected to insurance companies or health plans, so the advice you receive is free and unbiased. No one will try to sell you something or bombard you with annoying calls. Plus, any Medicare beneficiary can utilize the program because there aren’t any income limits or restrictions. To get started, call your state’s SHIP information line (click “SHIP locator” on the organization’s home page for a list of each state’s phone number). You’ll get connected to a SHIP volunteer who can help you compare plans, answer your questions and even help you enroll in a Medicare Savings Program if you qualify.
The MSPs help millions of Americans access high-quality health care at a reduced cost, yet only about half of eligible people are enrolled. The MSPs help pay Medicare premiums and may also pay Medicare deductibles, coinsurance, and copayments for those who meet the conditions of eligibility. Enrolling in an MSP offers relief from these Medicare costs, allowing people to spend that money on other vital needs, including food, housing, or transportation. People with Medicare interested in learning more can visit: https://www.medicare.gov/your-medicare-costs/get-help-paying-costs/medicare-savings-programs.
"Choosing the right Medicare plan. About one in three Medicare beneficiaries use an insurance agent or broker to choose a Medicare plan. If you’re among them, you should be aware of a key conflict of interest. Commonwealth Fund conducted focus groups with brokers and found most are paid more—and sometimes a lot more—to enroll folks in a Medicare Advantage plan, rather than a Medigap plan that supplements traditional Medicare. The brokers in the focus group also said most Medicare Part D drug plans don’t offer commissions and, among those that do, it isn’t much money. Brokers don’t receive any money for enrolling someone in traditional Medicare. It was also revealed that the commission structure on Medigap plans encourages agents and brokers to sell high-premium plans, such as plans G and F, that cover most of the costs that aren’t paid by traditional Medicare. Plans like K and L, with lower premiums but also limits on out-of-pocket expenses, might be more appropriate for someone on a shoestring budget—but these plans also tend to pay smaller commissions to insurance brokers and agents. When these salespeople were asked what they’d choose for themselves, most said they’d pick traditional Medicare." Lessons I’ve Learned by Dennis Friedman | Feb 5, 2024 HUMBLEDOLLAR
SOCIAL SECURITY:
SOCIAL SECURITY:
Create your personal my Social Security account today: The Free Account Everyone Needs To Set Up Before Retirement
Create your personal my Social Security account today: The Free Account Everyone Needs To Set Up Before Retirement
If you’re applying for a loan, need housing help or need to verify your income, a Benefit Verification letter from Social Security can help. This letter is proof of your retirement, disability, Supplemental Security Income (SSI) or Medicare benefits. It can also show that you don’t receive benefits as well.To access this letter, log into your my Social Security account and download or print it.
Follow Clark’s 4-Month Rule Before Applying for Social Security
You might qualify for Social Security benefits when a family member dies: Social Security survivors benefits are paid to widows, widowers, and dependents of eligible workers. This benefit is particularly important for young families with children. When a loved one passes away, you may qualify for survivor benefits. The Social Security Administration (SSA) may pay benefits to family members, or dependents. It’s important to notify the SSA soon after a person dies to begin the survivor benefit application process. Submit benefit requests by calling 1-800-772-1213; you cannot apply for benefits online. This page provides detailed information about survivors benefits and can help you understand what to expect from Social Security when you or a loved one dies.
Best age to take Social Security, according to economists
How Can I Estimate My Social Security Benefit?
Helpful Social Security Resources for People Experiencing Homelessness
Social Security Is Improving Our National 800 Number and Reducing Call Wait Times
Open Social Security: free online social security strategy calculator
Do Not Give Your Social Security Number at These Places
The Best Age To Collect Social Security
Do You Qualify for Social Security Spouse’s Benefits? You may be eligible for Social Security spouse’s benefit even if you’re divorced.
Social Security Survivor Benefits: 10 Things Spouses Need to Know (AARP)
Representative Payees Help You Manage Your Social Security: Some people who receive monthly Social Security benefits or Supplemental Security Income (SSI) payments may need help managing their money. When we receive information that indicates you need help, we’ll work with you to find the most suitable representative payee to manage your benefits.
Social Security Video Connect: Connect with Us from Anywhere: We are always thinking of ways to make doing business with us easier. With our Social Security Video Connect option, you can conduct business with us using video on your personal device, from your preferred location. Social Security Video Connect is available for: No-change replacement Social Security cards (U.S. citizens only). Date of birth corrections […]
Guide on Taking Social Security: 62 vs. 67 vs. 70
What You Can Do To Protect Your Personal Information
Improving Access to Services for Persons with Limited English Proficiency
Inspector General’s Office Warns: Hybrid Scams on the Rise
A Framework for Claiming Social Security Retirement Benefits
Check out frequently asked questions (FAQs) to get more help.
Will Remarrying Affect My Social Security Benefits?
Do You Qualify for Social Security Spouse’s Benefits?
Social Security Pays Benefits to Children After the Death of a Parent
Does the Social Security ‘Do-Over’ Option Still Exist?
11 Services You Didn’t Know Social Security Offers
No one is using your Social Security number to commit crimes. It’s a scam.
When should I claim Social Security?
When Is the Best Time To Collect Social Security?
Some reasons not to delay social security
Open Social Security: Free, Open-Source Social Security Calculator
Don't Fall for This Social Security Panic Trap (YouTube video)
Have Social Security questions? Use AARP free tools
Need a New or Replacement Social Security Card? We’re Making it Easier!
Here’s the Penalty if You Keep Working After You Start Collecting Social Security
Average Monthly Social Security Benefit by Age
AARP Social Security Resource Center
2024 Social Security Cheat Sheet.
Apply for Social Security Benefits Online
Access Your Earnings History with my Social Security
Smart Social Security Strategies for Women
Open Social Security: Free, Open-Source Social Security Calculator
SSA/The official blog of Social Security
Social Security solutions: Get more Social Security benefits with Social Security Solutions.
Here’s the Penalty if You Keep Working After You Start Collecting Social Security
Calculate Your Highest Benefits | Maximize My Social Security
How Can I Estimate My Social Security Benefit?
AARP's free Social Security calculator helps you maximize your benefits
The Free Account You Need To Set Up Before Retirement
When to take social security? Calculating the best course can be difficult. You can pay $20 to $40 to use sophisticated claiming software such as Social Security Solutions or Maximize My Social Security to model various options, or consider consulting with a fee-only advisor
What's the foundation of a secure retirement? Financial planner Kevin Thompson believes it's a fat Social Security check—so his focus is on helping clients delay benefits until age 70.
Average Monthly Social Security Benefit by Age
When you should start collecting social security (PDF)
Claiming divorced spousal benefits
Understanding the Need for a Representative Payee
What’s the Penalty if You Keep Working After You Start Collecting Social Security?
Don’t Provide Your Social Security Number at These Places
my Social Security: It’s Not Just for Retirees
7 Ways to Maximize Your Social Security Benefits
How to Calculate Your Social Security Benefits
Should You Trust Your Social Security Benefits Estimate
Should I Take Social Security Now and Invest It, or Wait Until I’m 70?
Survivor Benefits: Four Tips Widows Need to Know
How Does Working Longer Affect Your Social Security Benefits?
The Best Age To Collect Social Security
3 Reasons to Wait Until 70 to Start Taking Your Social Security Benefits
The Best Age To Collect Social Security
Calculating Taxes on Social Security Benefits
What's the best age to claim Social Security?
Are You Making a Huge Mistake if You Take Social Security at 62?
12 Things You Must Know About Claiming and Maximizing Your Social Security Benefit
It Still Pays to Wait to Claim Social Security
5 Things Most Americans Don’t Know About Social Security
The #1 Thing Couples Should Know About Social Security
Download the 2022 Ultimate Social Security Cheat Sheet Here
10 Free Calculators: When Should You Take Social Security?
Social Security Survivors Benefits Explained
My Social Security’s Four Super Powers
Social Security Services for the Hispanic Community
5 Steps to Claim Your Ex-Spouse’s Social Security Without Telling Them
5 Ways to Apply for Social Security Benefits Online
3 Reasons to Wait Until 70 to Start Taking Your Social Security Benefits
Get Answers to Your Social Security-Related Questions
How to Calculate the Break-Even Age for Taking Social Security
The Pros and Cons of Taking Social Security Early
10 Things To Know About Social Security Spousal Benefits
The Definitive Guide to Social Security Benefits
7 Social Security Spousal Benefit Rules Every Married Couple Should Know
Social Security as part of your retirement plan
Smart Strategies for Maximizing Your Social Security Benefits
Click here to watch 3 Dumb Reasons to File for Social Security at 62.
my Social Security 101: When You Need Additional Help With Your Account
SSI Helps Our Most Vulnerable: SSI provides monthly payments to people with low income and few resources who can no longer work due to age or disability
How the Social Security Earnings Test May Affect Your Retirement
14 Social Security Tasks You Can Do Online
12 Ways to Maximize Your Social Security Checks
How to choose the RIGHT time to file for Social Security: workshop
My Social Security - What information is available on this website
Is there anything Social Security recipients can do if they claimed Social Security, only to discover they don’t need the extra income right now? It turns out the SSA provides two options, both tied to your age. https://humbledollar.com/2020/12/flunking-the-test/
Social Security Tips and Tricks for All: Divorcees, Widows, Older Workers, Teachers, More
Social Security in Plain Language
Waiting to File for Social Security Benefits Is Hard, but Payoff Is Sweet
When to Begin Taking Social Security Distributions
Q&A: Older parents and retirement: What about child benefits?
Social Security Program Experts Can Answer Your Important Questions
10 Things That Lower Your Social Security Check
Qualifying for Supplemental Security Income with Social Security
Should I File For Social Security Now?
Books on Social Security:
1)Mary Beth Franklin, a contributing editor at InvestmentNews, and she's the author of Maximizing Social Security Retirement Benefits - eBook
2) Download Get What's Yours: The Secrets to Maxing Out You
3) Social Security Strategies: How to Optimize Retirement Benefits ...
When to Start Receiving Retirement Benefits 2020 (SSA pamphlet): depends on when you start receiving benefits. You can start your retirement benefit at any point from age 62 up until age 70, and your benefit will be higher the longer you delay starting it. This adjustment is usually permanent: it sets the base for the benefits you’ll get for the rest of your life…
Social Security Informing You About Recent Scams
7 Social Security Blunders That Can Ruin Your Retirement
How Much Can I Earn Before Hurting My Social Security Benefit?
This Type of Social Security Benefit Is Often Overlooked
Will I Qualify for the Maximum Ex-Spousal Social Security Benefit?
How to Calculate Social Security Break-Even Age
The benefits of delaying Social Security
Can We Claim Social Security Benefits Retroactively?
Did You Know You Can Start, Stop and Then Restart Social Security?
14 Social Security Tasks You Can Do Online
These Simple Changes Might Save You Thousands in Social Security Benefits
http://www.consumerfinance.gov/retirement/before-you-claim/ The age you claim Social Security affects your lifetime income. This link will help you think through this decision
Planning How To Claim Social Security Benefits
How Am I Supposed to Live on Social Security Alone?
Maximize My Social Security: When Should I Take Social .. ($40 cost) will give answers to your specific situation... can use for 1 year.
Maximize My Social Security: When Should I Take Social .. ($40 cost) will give answers to your specific situation... can use for 1 year.
When to Take Social Security - Can I Retire Yet?
How to Calculate Social Security Break-Even Age
There are good retirement planning calculators at, www.vanguard.com and or www.usnews.com/retirement and Bankrate retirement calculators
Social Security Benefits Calculator - AARP: Calculate the best retirement age to claim your Social Security benefits. ... Let the Social Security Calculator help you figure out how much retirement income you’ll receive at different claiming ages.
Social Security Benefits Calculator - AARP: Calculate the best retirement age to claim your Social Security benefits. ... Let the Social Security Calculator help you figure out how much retirement income you’ll receive at different claiming ages.
Q&A: Don't rush to collect Social Security
When to Begin Taking Social Security Distributions
The Social Security Administration launched an online Retirement Estimator which lets workers view their expected levels of Social Security payments for all possible retirement ages. Log on to www.socialsecurity.gov/estimator or www.ssa.gov . Enter your name, birth date, social security number, mother’s maiden name and place of birth and the system calculates your benefits based on your current earnings and retirement date. You can also find out how payments might change if your earnings increase or decrease.
12 Ways to Maximize Your Social Security Checks
Maximize My Social Security Review - Calculating the Best Time to Bank Your Benefits
Find the Benefits You Qualify For:
If you receive Social Security retirement benefits, your child, spouse, or even ex-spouse may be entitled to receive monthly benefits as well. This does not affect the amount of your benefit. However, it could be helpful to your family members. Understand the specific qualifications that need to be met in order to gain eligibility and how it may impact your family: How does social security impact my family?
QUOTES:
A Strategy for Making It on Social Security: I live solely on my Social Security and this is how I maximize my savings: I keep a base amount of $1,000 in my checking account as a mini-emergency fund, then when my Social Security check drops, I transfer everything over that $1,000 into one of my savings accounts. I have a local one for anything I need to pay off immediately, or an online high-yield savings one for anything else that can take a few days. I then pay my bills from my Social Security amount and what is left is how much I have to play with for the rest of the month. This has worked for me for as long as I've been on Social Security, which is 16 years. There's almost never a month that I don't have something to transfer to savings/emergency fund, usually several hundred dollars. I just recently needed to have my car painted and was able to pay for it all in cash. Billie from Dollar Stretcher Tips
CARE GIVING FOR YOU OR YOUR AGING PARENTS or grandparents:
CARE GIVING FOR YOU OR YOUR AGING PARENTS or grandparents:
Caregivers and assisted living and nursing facilities can work together to help protect residents from financial exploitation, both during the pandemic and after life returns to a new normal. Our guide to protecting residents from elder financial exploitation offers resources, and here are 3 voluntary suggestions that may be helpful for facilities to consider during this time.
1. You may be able to offer video conferencing as a way for residents and caregivers to meet with facility staff to discuss billing problems, decision-making issues, and other financial red flags. A video call can allow caregivers to pick up on nonverbal cues that may be lost during a phone call.
2. You might host a webinar or write a newsletter article for residents and caregivers about how to recognize and report elder financial exploitation. Include contact information for your local long-term care ombudsman, Adult Protective Services, law enforcement, and your facility’s point person for concerns about residents.
3. If possible, print out and share information with facility staff and residents about common scams and scams
4. Nursing homes do not have the legal right to request payment for unpaid bill of resident to family and friends.
Aging Life Care Association: also known as geriatric care management, is a holistic, client-centered approach to caring for older adults or others facing ongoing health challenges. Working with families, the expertise of Aging Life Care Professionals provides the answers at a time of uncertainty.
Looking for nursing home information? Medicare.gov makes it easy to find and compare nursing homes in your area. Personalize your results by filtering for what matters most to you — like inspection results, location, quality ratings, and more.
When comparing nursing homes:
Check out their overall star ratings. The overall rating is based on a nursing home's performance in 3 areas: health inspections, staffing, and quality of resident care.
View detailed staffing data, including the staffing levels and turnover rates.
Use the map and distance filter to find nursing home locations near you.
How to protect yourself against financial exploitation
Why You Should Name a Trusted Contact
When Assisted Living Is Needed
Elder care locator: Support for you and your aging loved ones. Caring for an aging parent, spouse, or loved one can feel overwhelming, but you don’t have to face it alone. There are resources and support to help you:
🏡 Learn about in-home care services and other long-term care options.
💰 Discover financial assistance programs for caregiving expenses.
🌐 Access local and national services tailored to your family’s needs.
How to Find a Geriatric Care Manager
Navigating the Decline of a Client’s Mental Capacity or Yours
You heard that correctly: Scammers are committing hospice fraud
Cleaning a Shower Without Scrubbing: Tips for Seniors
12 Free (Or Almost Free) Ways to Protect the Elderly
12 Things to Tell Your Kids About Your Money
5 Tips for Alzheimer's Caregivers
End of Life information and care options
How to have that end-of-life financial discussion with your elderly loved ones
The Dementia Values & Priorities Tool: The Dementia Values & Priorities Tool is designed to help you communicate your wishes regarding future care if you are living with dementia. After answering a series of questions related to the changes commonly seen in the progression of dementia, the tool will provide you with a document that can be added to your existing advance directive and shared with others.
Get support for long-distance caregiving: Did you know you can still become a caregiver for a loved one even if you don’t live close? There are many resources available for those caring for others from afar. Learn about what you can help with from where you are and how to support your loved one with what they need.
How To Prepare for the Likelihood of Long-Term Care Costs
Learn 5 Ways to Help Prevent Elder Abuse
Six out of 10 cases of elder fraud are committed by a relative. How do you protect yourself?
Changing Your Diet and Lifestyle May Slow Down Alzheimer's | TIME
Can a Healthy Lifestyle 'Beat' Alzheimer's Like Documentary Claims?
Get paid as a caregiver for a family member
What Type of Medical Alert Device Should I Buy for My Husband?
How to Find a Geriatric Care Manager
some steps I recommend for families faced with the challenges of eldercare.
Family Caregiving Resources (AARP) : Individuals caring for multiple loved ones can often feel pulled in many directions. No matter how many loved ones you’re caring for, it can be challenging. AARP is here for you with the resources to help make life more manageable. You’re not alone. We’re fighting to bring new and better solutions to help Americans balance the demands of family caregiving. (explore resources)
Create a care plan for older parents (or yourself)
Managing Benefits for Loved Ones
A nursing home is a nursing home. It’s not the best answer, but sometimes it’s the only answer.
Nursing Home Abuse & Neglect | Warning Signs & Legal Help for Family
Take a look at resources and find the Agency of Aging closest to you.
Need help with transportation as an older adult?
Accessory Dwelling Unit (ADU): Definition, Cost, and Value Add
How to choose a nursing home When comparing nursing homes: Check out their overall star ratings. The overall rating is based on a nursing home's performance in 3 areas: health inspections, staffing, and quality of resident care. View detailed staffing data, including the staffing levels and turnover rates. Find nursing home contact information and directions.
Senior Living: What Are Your Options?
Planning for the Future After a Dementia Diagnosis
Minimizing the Risk of Scams for People Living with Dementia
10 Symptoms of Dementia and Early Warning Signs
Helping mom and dad transition from one stage to another
Best Senior Living Communities 2023
How to protect parents from financial scams
Family Caregiver Resources for Massachusetts
Find the Right CCRC for Yourself or a Loved One book ......a Continuing Care Retirement Community’s (CCRC)
Finding In Home Help for Elderly Mom
How an Elder Law Attorney Can Help Elders and Caregivers
Learn how to spot red flags and report illegal nursing home debt collection practices.
How a Conman Targets & Takes Advantage of the Elderly,
Eldercare Locator: a public service of the U.S. Administration on Aging connecting you to services for older adults and their families. You can also reach us at 1-800-677-1116.
Understand long-term care, including how to find services, potential costs, and legal issues for seniors. Long-term care can help people in need manage daily tasks that have become difficult. This includes everything from bathing and eating to housework and money management. People often need long-term care when they have a serious, ongoing health condition or disability. The need for this type of care can arise suddenly, like after a heart attack. In other cases, it develops gradually as people age and need more assistance.
#IRSTaxTip: Understanding the Credit for Other Dependents. http://ow.ly/T1aq50MVNp0
Managing Benefits for Loved Ones
3 Free or Cheap Medical Alert Systems
Search For Nursing Homes Near You | US News
Cold Weather Safety for Older Adults
5 Ways To Help Your Parents With Their Finances
How to Get Paid to Care for Family Member
Things to Consider Before Becoming a Caregiver to an Aging Parent
Expert Interview: Essential Self Care Tips for Caregivers
The 1987 Nursing Home Reform Ac
BrainGuide: Concerned about brain health? Try our guided telephone or online experience to receive resources tailored to your needs. BrainGuide offers two memory questionnaires: one to take for yourself, and another for someone you care about. Each questionnaire takes less than ten minutes to complete. When you’re done, we’ll send you tailored resources based on the answers you gave us. All your responses are confidential.
Regulators try to stop unlawful nursing home debt collection
Granny Pods: A Solution for Aging in Place?
Compassionate Choices: We're an organization dedicated to improving care, expanding options and empowering everyone to chart their end-of-life journey.
The Best Way to Protect a Parent from Scammers
Avoiding a Summer of Scams – Expert Tips to Help Aging Parents
Making Sense Out of Home Mobility Equipment
Financial Paperwork and Information Your Elderly Parents Should Have On Hand
5 Steps to Getting Help From a Home Care Agency
Tips for Making Caregiving an Easier 24/7 Labor of Love
The Stresses of Being a Caregiver
Find & compare nursing homes, hospitals & other providers near you.
Choosing a trusted contact person can help you protect your money (PDF)
3 Tough Money Conversations You Need to Have With Your Parents
How to Become a Paid Caregiver for a Family Member
10 Money Mistakes to Look Out for If Your Parent Has Dementia
9 Questions to Ask Aging Parents About Their Finances
Crucial Steps in the Search for the Right Nursing Home
Payment Options & Financial Assistance for Alzheimer's/Dementia Care. Paying for Senior Care, August 2019. http://www.payingforseniorcare.com/memory-care
Tools and resources to use with older adults
Planning for diminished capacity and illness
Top 5 Regrets of the Dying and Adjusting Life Accordingly
Helping your elderly parents with financial, health and other issues? Here is a to do list.
Liz Weston: How to be a better long-distance caregiver
Caregivers Should Consider These Tax Breaks
Alzheimer Association help and support
Resources for Veteran Caregivers
Getting Siblings to Help with the Caregiving of Your Elderly Parents
What It’s Really Like When Your Parent Has Alzheimer’s Disease
Don’t Be a ‘Helicopter Child’ in Retirement
High-Tech Aids for Aging in Place
What's the Best Medical Alert System?
10 Ways to Talk to Your Aging Parents About Their Finances
How to Talk with Your Parents About Their Finances
How to Support Your Broke Parents
Caring for an aging relative? Guide to tech that can help
A Guide to Finding Long-Term Care for Your Loved One
Guides for managing someone else’s money
Eldercare locator: is a nationwide service that connects older Americans and their caregivers with trustworthy local support resources. Since 1991, the Eldercare Locator has been linking those who need assistance with state and local agencies on aging, as well as community-based organizations that serve older adults and their caregivers. Whether help is needed with services such as meals, home care or transportation, or a caregiver needs training and education or a well-deserved break from caregiving responsibilities, the Eldercare Locator is there to point that person in the right direction.
4 steps to starting the life-and-death talk we all need to have
Hire a geriatric care manager for options available for senior living. They can recommend facilities too. How to Find a Geriatric Care Manager - Clark Howard
Home Health Care: Finding the right help for seniors
Looking for a Nursing Home? These 2 New Tools Can Help | Money Talks News
106 Massachusetts Nursing Homes Make U.S. News 'Best' Ratings | Patch
Assistive Technology Services: No Monthly Fee Medical Alert Systems Mobility - Vision - Hearing Security - Communicating
Things to Consider Before Becoming a Caregiver to Aging Parents
10 Ways to Talk to Your Aging Parents About Their Finances
Important Things to Discuss With Your Aging Parents - The Dough Roller
Protecting a Parent's Finances Who Is In Assisted Living
Protecting Elderly Parents from Scams
Money Smart for Older Adults – an awareness program with print materials and other resources developed in collaboration with the FDIC
•Fraud prevention placemats, handouts, and activity sheets – simple, eye-catching scam prevention materials
How Can a Trust Help You Avoid Nursing Home Costs?
Administration for aging (www.aoa.gov) provides caregivers and their parents information on various services including elder rights.
Area Agency on Aging (see www.n4a.org –National Association of Area Agencies on Aging) or call 800-677-1116 for your local agency. This government program provides a national network of social services.
Family Caregiver Alliance (www.caregiver.org) offers programs at national, state and local levels to support caregivers.
AARP (www.aarp.org) is a membership organization for people age 50 and older and provides numerous benefits to members.
Eldercare Locator (www.eldercare.gov) is a service of the US Administration on Aging and links caregivers with senior services.
National Academy of Elder Law Attorneys (www.naela.org) provides searchable database to assist in finding an elder-law attorney.
Medicare Rights (www.medicarerights.org) is an independent source of health care information and assistance for people with Medicare.
National Hospice and Palliative Care Organization (www.nhpco.org) offers information on end of life issues and state specific advance directives.
Nursing Homes (www.medicare.gov/nhcompare) provides detailed information on the past performance of every Medicare and Medicaid certified nursing home in the country.
Consumers can access to nursing home information online. The federal site, Nursing home Compare, is the most complete national resource offering summarized information from inspections performed by state agencies, as well as date the nursing homes must compile and submit to regulators about residents. The site which is updated monthly has also information about the facilities sprinklers system, if the home provides vaccination, pain management, pressure sores and use of physical restraints. Go to www.medicare.gov and click on Compare Nursing Homes. Other websites who analyze the federal data and brings up the information differently are www.memberofthefamily.net, a free site that offers color coded ratings based on the federal nursing home data. www.healthgrades.com charges for its reports and the information goes back longer that the federal site and is summarized in an easy to understand form. www.consumerreports.org recommends facilities to chose or avoid. Just click on the health tab, then scroll down to special reports. Some state governments also offer nursing home information sites. States have ombudsmen who deal with nursing home issues. The NCCNHR , a nursing home consumer group, maintains a site listing contact information for the ombudsmen. Ombudsmen can tell consumers about a nursing home’s recent complain record. Got to www.nursinghomeaction.org and click on state ombudsmen.
Home Health Care: Finding the right help for seniors
Compassion & Choices is committed to empowering people to get the care they want during a serious illness or at the end of life. One way we do that is by helping people plan well and become good advocates for themselves and their loved ones.
PODCAST:
How Much Dough Should You Spend in Retirement? The Dough Roller Money Podcast
Most people thinking about saving for retirement, but what about spending? How do you figure out how much you should spend in retirement? While there isn't a magic number, there is a withdrawal rate that historically, should help your portfolio last a...
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/the-dough-roller-money-podcast/id743822914?i=1000501237631
2) What the Happiest Retirees Know That You Don't (with Wes Moss)
Money Guy Show
Wes Moss, host of Money Matters and best-selling author of books like You Can Retire Sooner Than You Think, joins Brian and Bo to share what makes for a truly happy retirement. Check out Wes' new book, What The Happiest Retirees Know, now! Subscribe on YouTube! Download FREE Financial Resources from the show Get our Net Worth Tool Now! Sign up for our Financial Order of Operations course Let’s make sure you’re on the path to financial success - then help you stay there! The Money Guy Show takes the edge off of personal finance. We’re financial advisors that believe anyone can be wealthy! First, LEARN smart financial principles. Next, APPLY those principles! Then watch your finances GROW! Visit our site for more info. Instagram Twitter Facebook TikTok
Listen on Apple Podcasts: https://podcasts.apple.com/us/podcast/money-guy-show/id121362031?i=1000554205728
Long-Term Care, Aging Parents and their Finances | Danielle Miura | Ep 481 | ChooseFI (podcast)
Program for All-inclusive Care (PACE) for the Elderly in Massachusetts
Program for All-inclusive Care (PACE) for the Elderly in Massachusetts
MassHealth provides many different resources for individuals in the Commonwealth. One of these is the Program of All-inclusive Care for the Elderly (PACE), which is co-administered by Medicare. PACE is a service that provides a variety of medical, social, recreational, and wellness services for eligible participants.
PACE is modeled on the idea that most elders, the disabled and their families would choose to receive care in their homes as opposed to a nursing home or facility if they were given the choice to do so.
Individuals do not need to be enrolled in MassHealth to enroll in PACE, however MassHealth membership may pay for PACE premiums. PACE has Medicare Part-D prescription drug coverage, an Interdisciplinary Team of caregivers, and covers preventative care. An individual must meet certain criteria in order to be eligible, such as being 55 or older or being certified by the state as eligible for nursing home care. You can read more about eligibility here: https://www.mass.gov/service-details/who-is-eligible-for-pace.
To learn more about PACE and what it has to offer, be sure to visit their website: https://www.mass.gov/hhs/PACE.
QUOTES:
Department on Aging Services: After reading the amazing article, 12 Free (Or Almost Free) Ways To Protect the Elderly, I would also like to suggest contacting your state's Department on Aging. They have a wealth of information and services. Everything from legal/financial assistance, food delivery and pantries, abuse/neglect prevention and reporting, utility assistance, visiting nurses, etc. In our state, they also operate senior centers, which provide activities, education, and sometimes meals. Ours also has a resale shop to help fund these activities, so please visit and donate to those shops. I have found interesting and unique items there.
Mary from Dollar Stretcher Tips
A Simple "Help" Alert: I was changing the battery in my mom's car remote when I accidently set off the panic button. It sure was loud. Then it dawned on me that it would make a good alert to trouble that had nothing to do with the car. She lives in an over 55 community, so she spoke with her neighbors. They all carry their keys with them. If they fall or something is wrong, they set off the panic button. Neighbors know to come to the aid of whoever it is. Kylie from Dollar Stretcher Tips
BOOKS:
AGING AND WELLNESS
AGING AND WELLNESS
Worried About Long-Term-Care Expenses? Let’s Do Something About It.
Healthy living doesn’t have to stop as you age: Are you interested in healthy aging? Regardless of your age, adopting healthy habits can add to a productive and meaningful life.Check out a guide from the U.S. Department of Health and Human Services that gives tips and resources on aging to: ❤️ Locate benefits and find care.🥗 Get nutrition suggestions based on your age.🧠 Train your brain.🏃 Stay active.
Aging Well: Government Benefits for Older Adults: This stage of life comes with great opportunities to spend time with loved ones or enjoy your favorite activities, but the senior community also faces financial, medical, and social challenges. In this article, we’ll discuss government benefits available for older adults that can help you make the most of your golden years.
Navigating health, benefits, and living as a senior
These 8 Scams Are Costing Seniors Millions
How long do you have to live? Take this Harvard quiz for people 65+
Find more free resources for older adults at consumerfinance.gov/olderamericans.
Expert Interview: Virtual Retirement Village an Affordable Elder Care Option
What Do We Know About Healthy Aging?
4 (Imperfect) Ways Retirees Can Pay for Dental Care
How to Get Retired Parents to Spend Money On Themselves
Retirees: Your Next Companion May Be a Robot
11 Million Retirees Will Struggle With This Expense a Decade From Now
14 Home Projects for Aging in Place
Aging Mastery® - Aging and Wellness | NCOA https://www.ncoa.org/healthy-aging/aging-mastery-program/
Aging Mastery Program® (AMP) classes; A self-directed Aging Mastery® Starter Kit; Both versions provide a comprehensive and fun approach to positive aging by focusing on key aspects of health, finances, relationships, personal growth, and community involvement. Central to the Aging Mastery philosophy is the belief that modest lifestyle ...
Aging Booth What will you look like when you’re old? And what about your friends? Find out with AgingBooth (by the creators of FatBooth), an easy to use and amazing face aging machine on your iPhone or iPod Touch.
Even in Good Times, a ‘Silent Stalker’ Can Raid Your Retirement Plan
How to Help Aging Parents Stay in Their Home
www.aarp.org/money/retirement is a Web site that provides retirement calculators and opinions on how to better prepare for retirement
Pension Benefit Guaranty Corporation (PBGC) PBGC is a federal agency created by the Employee Retirement Income Security Act of 1974 (ERISA) to protect pension benefits in private defined benefit plans - the kind that typically pay a set monthly amount at retirement. If your pension plan is insured by PBGC, and it ends without sufficient money to pay all benefits, PBGC's insurance program will pay you the benefit provided by your pension plan up to the limits set by law
www.dol.gov/ebsa/publications/main.html is a publication section of the Web site with retirement brochures such as “Top 10 ways to Prepare for Retirement” and “What you Should know about your retirement plan”
Retirement guide by Consumer Reports
Have legal questions about long term care, Medicare or Social Security? Go to www.elderlawanswers.com were you can choose a topic or search different articles by state.
Online financial calculators are a good way of determine what you need at retirement. The more detailed the online questionnaire the better your estimate will be. Examples of online calculators are at www.fidelity.com, www.troweprice.com, www.dinkytown.net and www.choosetosave.org.
The savings game: How gamification helps you save more
Retirement Revised an holistic view of retirement security, including healthcare and Medicare, Social Security, retirement investing, midlife careers and housing. He also writes frequently about retirement-related public policy issues, including reform of Social Security, Medicare and workplace retirement plans.
How Women Can Achieve Financial Empowerment – and a Better Retirement
Find Support Services for Older Adults
5 Ways to Prevent Elderly Relatives from Throwing Away Money
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