5 Social Security Changes Affecting EVERYBODY in 2024 -Video
https://youtu.be/jXlGxmP74Gw?si=6pQwvnHeUwsZjbVi
Category Archives: Finance & Investing
Is Downsizing the Right Move? Exploring the Pros and Cons for Seniors Selling Their Home
As seniors enter retirement, many consider downsizing their living arrangements as a way to simplify their lives, reduce expenses, and possibly unlock equity in their home. However, deciding whether to sell a home and downsize is a significant decision that requires careful consideration. In this article, we’ll explore the pros and cons of downsizing for […]
Top 5 Things That Effect Many Of Us In 2024
In 2024, seniors continue to face a variety of challenges and issues that impact their daily lives and well-being. Here are five key factors affecting seniors in 2024: Healthcare Costs and Access Seniors often face high healthcare costs, especially for prescription drugs, long-term care, and other medical services. Access to affordable healthcare remains a significant […]
Understanding COLA: How Cost-of-Living Adjustments Benefit Retirees
For retirees living on fixed incomes, managing expenses can be a challenge, especially as the cost of goods and services continues to rise. Cost-of-Living Adjustments (COLA) are an essential aspect of retirement benefits that help retirees maintain their purchasing power over time. In this article, we’ll explore what COLA is, how it works, and why […]
Working While Collecting Social Security in 2024
There are a number of reasons many of us may want to continue working after “retirement.” Earning extra income to pay expenses is at the top of the list for a lot of folks. Keeping active, productive and having a sense of self-worth are also important. Remaining in the work force to pass on skills […]
Resources Where We Can Get Help Filing Our Taxes in 2024
Filing taxes can be a daunting task for many seniors, especially those living on a fixed income. Fortunately, there are several options available for seniors to get their taxes done at little or no cost. Here’s a guide to some of the resources available, most of which are just a phone call away: Volunteer Income […]
Stretching Dollars and Managing Retirement: Practical Tips for Seniors
Retirement is a chapter of life that should be filled with relaxation, enjoyment, and fulfillment. However, managing finances wisely becomes a crucial aspect of savoring these golden years. For seniors, stretching dollars further can mean more financial security and the ability to enjoy the experiences they’ve worked a lifetime for. In this article, we’ll explore […]
Time for a Change? A Comprehensive Guide to Selling Your Home and Downsizing
As life evolves, so do our housing needs. For many seniors, the decision to sell a cherished family home and downsize is a significant transition that opens the door to new opportunities and a simplified lifestyle. In this guide, we’ll explore the practical and emotional aspects of selling your home and downsizing, offering valuable insights […]
Navigating the Impact: The True Cost of Inflation for Seniors
Inflation is a complex economic force that affects individuals across all demographics, but its impact can be particularly pronounced for seniors. As a demographic often living on fixed incomes and with unique financial considerations, the true cost of inflation for seniors is a critical aspect of financial planning. In this article, we’ll explore the multifaceted […]
What are the Disadvantages to Collecting Social Security Before Full Retirement Age?
Social Security is a critical program that provides retirement and disability benefits to millions of Americans. While many people begin collecting Social Security benefits as soon as they’re eligible, there are some pitfalls to collecting benefits before age 65. In this article, we’ll explore some of these pitfalls and why it may be beneficial to […]
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