It’s unquestionable that technology trends have impacted how young and old alike live their lives. However, social trends are having an unexpected impact on Baby Boomers. Going through divorce later in life Divorce rates have doubled among adults over 50 since the 1990s. For adults over the age of 65, they have tripled. This trend’s...
If you’re in the 41-60 age range, it’s important to think about retirement and understand how your current career and lifestyle will affect your post-retirement life. Age 50, the middle of this range, marks the beginning of a prime wealth-building period, and though personal finance can be intimidating, here are some ways to make the...
Retirement can be a long, confusing process, especially because it comes with such an important set of financial decisions. Luckily, when it comes to making the right decisions, we can learn from the wisdom of our elders. Here are some of seniors’ biggest financial regrets, and how to avoid them. Save enough for retirement In...
Life insurance can be confusing because most articles use industry terms and jargon that can be hard to understand. We try to keep things easy to understand, so we’re here to break down life insurance. What is it? Why might you want to consider opting into a life insurance policy? If the policyholder passes away,...
Retirement means shifting priorities personally, professionally, and financially. As you transition into this new lifestyle, you’ll likely focus more on wealth preservation than your credit score. This doesn’t mean that you should stop thinking about your credit score, though, since that has the power to affect you at any age. This is especially true during...
Every year, about 17 million people become victims of identity theft. Identity theft occurs when a malicious person or organization steals someone’s personal information. These criminals then use your credit card or other information for their own gain. Shop smart and protect your information this holiday season! Here are some ways to keep your identity...
Before you start fully enjoying those upcoming December holidays, shopping, and time with family and friends, there’s one more thing you need to think about: Open Enrollment. Every year, Medicare Open Enrollment begins October 15 and ends December 7. If you haven’t already chosen your 2020 plan, time is running out. If you have not...
From all of us at Senior Savings, we hope you had a wonderful Thanksgiving! Now that the Thanksgiving celebrations are behind us and December holidays are on the way, it’s time to think about your Medicare coverage for next year. Every year, Medicare Open Enrollment begins October 15 and ends December 7. As of today,...
Every year, Medicare Open Enrollment begins October 15 and ends December 7. As of today, you only have three weeks left to choose next year’s Medicare coverage! This is important for Medicare beneficiaries. It means that if you would like to change your Medicare coverage, now is the time to do so. If you would...
Buying a car can be an exciting experience. However, if you decide to finance your car, those payments can constitute a big piece of your budget especially once interest is factored into the equation. With some careful management, though, you can minimize the impact interest has on your wallet. Here are some simple tricks that...
