Senior Finances

Benefits & Drawbacks of Offshore Investing

Oct 15th, 2013 | By Guest Post | Category: Senior Finances

Seniors Consider Offshore Investments Imagine this scenario — you’ve spent time working your way through the United States investment market. You’ve established solid investments full of ROI, but over time you’re looking to shake things up. Avoid risky domestic investment moves, and participate in offshore investing that financially delivers exactly what you need. If you’re [...]



HOW TO INVEST A LARGE SUM OF MONEY

Sep 12th, 2013 | By Guest Post | Category: Senior Finances

Your period of collecting McDonalds Monopoly pieces in search of your next free order of medium fries is over. Perhaps you’ve just collected a large inheritance, perhaps you’ve cashed in an annuity or perhaps you’ve just won the lottery. Whatever the case, now is the time to begin making intelligent decisions with that nest egg. [...]



DIRECT PRIMARY CARE CHANGES FINANCES FOR PHYSICIANS AND PATIENTS

Sep 2nd, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Direct Primary Care Explained Primary care physicians in about half of the states have become direct primary care physicians. DPC docs set their own prices for medical care they deliver, and patients make monthly payments directly to the physicians. These docs do not accept any patient insurance plans. New concept in the medical care delivery [...]



Boomers in Retirement: Should You Keep up Your Life Insurance Policy?

Aug 22nd, 2013 | By Guest Post | Category: Senior Finances

Do You Need That Policy? After decades of hard work, retirees welcome that time when they can finally enjoy the years of relaxation they earned. Every day for the next 16 years, approximately 10,000 Baby Boomers will reach retirement age, according to Newsmax. Some will choose to remain in the work force, but if you’re [...]



SENIORS REGRET PURCHASES

Aug 12th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Underneath the Glamour SCJ editors recently spent a holiday in a popular international resort, Cabo San Lucas. While there, they attended a presentation about buying a membership in a local resort, and discovered why resort memberships and timeshares are considered the number one regretted-purchase by seniors.// The presentation was shiny and glamorous, with all the [...]



SENIORS ATTACK WASTE AND FRAUD

Jul 28th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Senior Medicare Patrol Explained Many groups that support the needs of senior citizens express concern about waste and fraud in their support systems. Medicare and Social Security are just two of the ‘support system’ examples. There are many, including health care, and it is on the rise.// The Senior Medicare Patrol is a group of [...]



RETIREMENT SAVINGS TOP CONCERN FOR SENIORS

Jul 8th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

The National Institute on Retirement Security recently published a study that highlights a top concern of senior citizens and Baby Boomers. The findings confirm “…the American Dream of retiring comfortably after a lifetime of work will be impossible for many. Based on 401(k)–type account and IRA balances alone, some 92 percent of working households do [...]



SENIORS SAVE ON FUEL FOR CARS

Jul 6th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Tips for Saving on Mileage On a recent excursion up to the mountains just east of us, we experienced the usual frenzy with holiday travel. Cars and trucks with campers were buzzing by us, pushing the speed limit around those nasty hairpin turns on the road. They were eager to get to their campground, get [...]



SENIORS LEAVE MONEY TO THEIR CHILDREN

Jun 9th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Trillions Bequeathed to Survivors The consulting firm, Accenture, projects retirees will leave over $30trillion to their offspring over the next 30-40 years. That’s a lot of money, and Baby Boomers need to be thinking about how they want to divide their assets. The considerations are important because your assets are part of your legacy, and [...]



Safe Seniors: Tips to Help Keep Your Home Safe From Crooks

May 29th, 2013 | By Guest Post | Category: Senior Finances

Burglaries Down, But Still Costly You may be comforted to know that burglaries are actually on a long-term decrease across the country. SecurityCompanies.com notes that, over four of the five previous years, burglaries have gone down in numbers. However, just because the numbers have decreased slightly in the long term doesn’t eliminate the risk. In [...]