Senior Finances

PART TIME WORK FOR SENIORS

May 18th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Seniors Contribute to Work Force Many seniors, living in retirement, do not want to stop working. They enjoy the activity. The extra income comes in handy. Seniors are living longer, and do not want to live those years on the rocking chair.// So where do you go and how do you begin to look for [...]



MONEY-SAVING TIPS FOR SENIORS

May 18th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Senior Citizens Find Money Saving Moves It seems that seniors are always on the lookout for ways to save money. That is likely because most of us live on a fixed income that is based on a Social Security check and -for some- a pension. We don’t like to dip into our investments, if we [...]



PUSH FOR AUSTERITY: THE TRUTH

Apr 29th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

The Nature of Research I remember when I was attacking the long and tedious process of research and writing for my doctoral dissertation. I mostly remember the pain and agony of attention to detail. But I also remember my advisers telling me that what I studied had to be transparent, and it had to be [...]



LIFE INSURANCE RESOURCES FOR SENIORS

Apr 19th, 2013 | By Guest Post | Category: Senior Finances

Understanding Life Insurance Life insurance isn’t a fun thing to think about, but as senior citizens or soon-to-be senior citizens, it’s something you know you should invest in to protect your family and your life’s work. A recent Forbes study found that two-thirds of life insurance policy holders admit to having a poor understanding of [...]



LOS ANGELES MAY BE YOUR NEXT RETIREMENT HOME

Apr 10th, 2013 | By Guest Post | Category: Senior Finances

Senior Care in Los Angeles is a Great Option Image Courtesy of Wikimedia Commons Deciding where to spend your golden years is a big decision. For many people, the idea of moving to a new city is one that’s exciting. For others, staying close to friends and family might be the better option.// Whether you’re [...]



SENIORS REVIEW CREDIT ISSUES

Mar 29th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Seniors’ Credit Report Several Internet articles recently dealt with the need for seniors to think about one’s credit report/rating. Some of the suggestions apply more specifically to seniors. Many of us are not worried about our credit report. It’s been in place a long time and our ratings probably haven’t changed much. With a long [...]



SOME FINANCIAL ‘UH-OH’s’ IN RETIREMENT

Mar 16th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Some Unexpected Financial Hits Many seniors take a backward look at some point in retirement, and find their financial lives are somewhat different from what they expected. We did this recently, and found several expenses we neither anticipated nor expected.// Moving Expenses: We moved after 15 years of retirement. We did not anticipate doing that [...]



SENIORS: UNDERSTANDING THE SEQUESTER

Mar 1st, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

What’s the Sequester? Sequester is another new term seniors have to learn about. A helpful definition is found at about.com: Sequestration is a term used to describe the practice of using mandatory spending cuts in the federal budget if the cost of running the government exceeds either an arbitrary amount or the gross revenue it [...]



DOWNSIZING FOR FINANCIAL REASONS

Feb 21st, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Problems With Retirement Income Fixed incomes in retirement can be a serious challenge for retirees to manage. Most of us were used to our income fluctuating, generally increasing annually on our hiring anniversary date. If you stayed with the same company/agency/employer, you may also have been the beneficiary of an annual bonus, cost of living [...]



PROS AND CONS OF REVERSE MORTGAGES FOR SENIORS

Feb 11th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

What is a Reverse Mortgage? Reverse mortgages can be rather confusing for seniors. And they are designed uniquely for seniors. Consumer Reports says this about RMs: “A Reverse Mortgage is a popular but complex home loan just for senior homeowners. If you qualify for a Reverse Mortgage, you will not have to make monthly payments [...]