Whole Life Insurance Advantages And Disadvantages

Like any other financial product, whole life has advantages and disadvantages, along with some unique features. It provides permanent coverage, guaranteed premiums that don’t increase, has guaranteed cash values, a guaranteed death benefit, and offers …

Grandfather, Senior Activities, Senior assistance

Services That Most Seniors Need

Home Care for Seniors Aging is both a natural and inevitable part of life. The golden years are a time people should embrace. It is also important to recognize the changes and limitations that are part of the aging process. While maintaining a sense of …

Understanding Retirement Distribution: Making sure your retirement funds go to you

“As much as 70 percent of your hard-earned retirement funds can be eaten up by income, estate and state taxes,” says IRA guru Ed Slott, author of the retirement-planning books “Fund Your Future: A Tax-Smart Savings Plan in Your 20s and 30s” and “The Re …

Gardening for Senior Citizens

It’s common for aging loved ones to feel overwhelmed by new senior living environments, and the benefits of gardening for mental health are outstanding. Maintaining a garden, or even caring for a single plant, gives them control in an unfamiliar situat …

Meal prep tips for seniors that will make cooking easier

While there is no one tip that will work for everyone, there are a few ideas you can incorporate into your week that will help make cooking easier on you and your older loved one. Make a plan and write it down. Sit down on a Sunday and plan out your lo …

How can I Find Quality In-Home Care to Take Care of my Mom?

The great majority of elderly people live at home and at some point, they will need some assistance. So, if you oversee your parent’s care, you will, at some point, need to obtain extra support for them. There are different choices to choose from when …

Tax breaks When You are 50 Years Old or Older

For people over the age of 50, reaching this milestone has one advantage that is often overlooked. It is a tax incentive plan that suits you. Now you can put more into your retirement plans than when you were younger. For example, Roth or a traditional …

Mistakes People Make When Planning for Retirement

When it comes to retirement planning, it’s all too easy to make incorrect financial decisions. According to a recent study, 37% of workers feel they are on pace to save for retirement. However, neither the 44 percent who believe their funds aren’t on t …

Can People Over 65 Get an Earned Income Federal Tax Credit?

In March each year, people begin thinking that Tax Day is just around the corner and its time to file a return. If you’re 65 or older and have a low-to-moderate income, you could be eligible for the Earned Income Tax Credit (EITC). This tax credit can …

What do Medicare Prescription Drug Plans Cover?

Everyone on Medicare must choose whether they want drug coverage or not.  Even if you don’t use any prescription drugs, you should consider acquiring Medicare drug coverage to help cut your drug expenses now and safeguard against future needs and presc …