Finances are a hot topic right now, especially as many people struggle with inflation. Healthcare costs are especially concerning, as they can come out of nowhere. Even with Medicare and supplemental insurance, seniors often face considerable out-of-pocket costs, ones that they may struggle to afford on a fixed income. So, what can seniors do to […]
Finances and Budgeting
8 Strategies That Can Help Older Adults Cope with Inflation
Retirement seems like it should be a relaxing and happy time, yet many seniors find themselves facing considerable financial stress. This isn’t surprising, as seniors are often on a fixed income, while inflation gradually increases the cost of living. Even older adults with savings and monthly Social Security checks are struggling. The issue is even […]
How to Pay for a Caregiver
For many, caregiving involves increased expenses and decreased income. You suddenly need to think about medical fees, incontinence supplies, the cost of home modifications to improve safety, and assistive tools to help with daily tasks. And, if you’re working, your boss probably isn’t too pleased with the extra time. You find yourself taking unpaid days […]
Deepfake Danger: Protecting Seniors from High-Tech Financial Scams
In a world where technology is booming, people are reaping many benefits. However, we cannot ignore the dark side of these innovations, like deepfake, which can be used for fraud and exploitation. Deepfake is a media system created with artificial intelligence (AI) to show fake or falsified results. Specifically, deepfakes allow people to create surprisingly […]
What To Do if Your Elderly Parent is Being Scammed
As technology advances, our elderly parents and grandparents often struggle to keep up and may not understand the risks of falling for scams. Unfortunately, scammers are becoming more sophisticated in their tactics, making it easier for seniors to be taken advantage of. While some scams may seem minor, others have resulted in devastating financial loss. […]
Smart Money Management for Seniors: Maximizing Your Retirement Savings
Retirement’s golden years are a milestone worth recognizing, but you also need cautious money management and preparation. To optimize your retirement resources and ensure financial stability and peace of mind, you need an intelligent strategy as an older adult. Smart money management involves more than simply saving; it also requires resource optimization, wise decision-making, and […]