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 […]

Seniors Learn Cause of High Gas Prices We senior citizens hear all kinds of stories about what and who is causing gas prices to skyrocket.  Some accuse Wall Street, or Big Oil, or President Obama or the Fed or Environmentalists or the EPA.  Some politicians even tout their ability to single-handedly bring gas prices down. […]

If you are one of those, and who isn’t these days, who has several credit cards in your wallet, be sure you are prudent in your use of them. If possible, cancel all those you have except the two best ones–that is the two with the best interest rates. Cut up the rest and throw them away, notifying the company you no longer use them and wish to have your account canceled. Under no circumstances, do not open accounts with new offers which come your way. No matter the freebies offered, tear up the invitation and do not reconsider.

Pay off your balances at the time the credit card bills arrive. If you can’t, this may be the first sign of trouble; you are spending too much money if you consistently cannot pay the balance on your account(s). If you choose to pay some amount on each, at least do that until they are brought to a zero balance. Check your account monthly. Be sure all the charges are yours