With more senior citizens living long and healthy lives, many prefer to stay in their own homes versus joining a retirement community. However, close to 1 million folks over age 65 are treated for injuries related to their home every year. Here are some home safety tips and modifications for seniors that can help keep them safe inside and outside their home.
I get super bummed when I hear news about student loan debt. I’m in college, and no matter how hard I try, college loans are unavoidable. Should you put your retirement at risk, or let your kids graduate tens of thousands of dollars in debt? Are student loans worth it? The price of college isn’t as straightforward as one might think.
Bankruptcy is a bummer. No one has ever said “OH MAN! I’m so excited to file bankruptcy! It’s going to make everything so awesome!” That being said, sometimes it needs to be done. If you have explored all of the alternatives and have decided to file bankruptcy, it’s important that you know what your options are and how they will impact your existing mortgage, or your future ability to obtain home loan financing.
The Wall Street Journal shares some of the factors retirees use to decide where to spend their care-free days.
Getting the most from your Social Security benefits is not always a simple matter of filing as soon as you’re eligible. Avoid committing these seven Social Security sins.
Great article yesterday in the Detroit News about some things to do (and not do) regarding your finances and your child’s education. This is exactly what I need to read, as I just had a little baby girl seven weeks ago. I must remember that I’m not getting any younger and need to put cash away for my retirement, while making sure that my little baby girl will have some duckets to attend college.
Most retirees need to start using new tax forms to take advantage of special deductions. Income often decreases enough to put seniors into new tax brackets. If you are near retirement age, these tax tips can help you save time and money:
If you are self-employed, there are several options available in which you can save for retirement similar to the ways employees with company plans do across the country. Here’s more information about the SEP-IRA, Keogh, Defined Benefit Plan, SIMPLE IRA and Solo-401(k).
There are different types of power of attorney. Main types include: general, limited, health care, durable, and springing, all of which will be explained here. However, there are other types of powers of attorney, including: financial, care and custody of children, sale of real property, and sale of automobile or other vehicle.
A power of attorney form allows you to choose a person or organization to handle your legal, financial, or health care matters if you’re unable to take care of them yourself. Here, we’ll cover the basics of power of attorney, what it is, how it works and how it could benefit you.