Finances
One Time Economic Stimulus Checks
The Social Security Administration has published a document entitled, “One -Time Economic Recovery Payment 2009.” According to the document, “On February 17, 2009 President Barack Obama signed into law the American Recovery and Reinvestment Act. This law provides a one-time economic recovery payment of $250 to people who get certain types of Federal Benefits.” The [...]
Senior/Retiree Tax Tips 2009
We’ve seen some good coverage of tips on taxes for seniors and retirees lately. We’ve picked a number of good ones that cover a range of topics. Some of them address filings for this year (2009) and some have to do with strategies for 2009 and beyond. If you have tax questions you need help [...]
How to pay for…how to save on…
A good number of the posts that we do are about how to pay for, or save on, the expenses that seniors are likely to incur. After retirement, there tends to be a growing gap between the expenses, mainly driven from additional care, and the ability to pay for them. The stress associated with managing [...]
Is a Reverse Mortgage an Option?
So many of things in life come down to money and how much things cost. As many of you are well aware, aging has its costs too. When money from working is gone, some of the remaining income is adjusted for inflation (e.g., Social Security) and some income, like pensions, are often fixed and forever [...]
Talking About Money With Mom & Dad
According to a study quoted by Kiplinger’s Magazine, “Nearly 50% of senior citizens told a recent survey that they’ve never had a serious discussion about their financial situation with their adult children.” That shouldn’t be surprising for most people. Americans don’t like to talk about money, even with family. And no matter how old, their [...]