Almost all Social Security recipients receive their monthly benefit payments by direct deposit to a bank account. Many retirees also have savings, CDs, IRAs and other types of accounts. But bank customers are getting hit ...
Category: All Tips for Seniors
27% Of Seniors Spend Up To Half Of Their Social Security On Healthcare: TSCL Releases 2011 Healthcare Cost Survey
The lack of growth in Social Security benefits and rapid rise in healthcare costs is causing a financial dilemma for Medicare beneficiaries that may be jeopardizing the health of many who are foregoing needed medical car ...
Six Ways To Avoid Being Overcharged For Your Prescriptions
Here’s a checklist to start the New Year by avoiding overcharges and saving money the first time you fill prescriptions in 2012: Is the pharmacy listed as a preferred network pharmacy for 2012? Before you visit your ...
Free Best Ways To Save Guide For Seniors
With the economy continuing to sputter, most seniors and Baby Boomers don’t feel all that secure about their retirement finances. How realistic will my budget be for the New Year? Will Social Security and othe retirement ...
Seven Ways To Avoid Being Overcharged For Your Prescriptions
Tips from The Senior Citizens League Drug plans across the nation are making significant changes to their coverage in 2012. Even though premiums may stay about the same, many plans are imposing new or higher deductibles ...
Social Security & Medicare Questions: October 2011
Q: My drug plan is offering a new mail order system. I normally fill my prescriptions at the pharmacy. Does this really save any money? What would I do if I need a prescription quickly? A: Many seniors can save subs ...
Ask The Advisor: Home Sale Stalled, But Mom Needs To Move
Home Sale Stalled, But Mom Needs To Move Q: My mother has suffered a stroke and needs to move to an assisted living facilty. She is having problems qualifying for Medicaid. Her only asset is her small apartment tha ...
Virginia Senior Saves $3,000 Comparing Drug Plans Annually — You Can Too!
Medicare Fall Open Enrollment Now Underway Through December 7th By Mary Johnson, editor Irene H., a senior living in Central Virginia, will achieve a milestone this fall that few other 86-year olds can boast. The ...
Think You’ve Got Enough For Retirement? Think Again
By Mary Johnson Think you’ve got enough to live on in retirement? A study by Hewitt Associates found that seniors need almost 16 times their final annual pay in retirement savings and resources to maintain their curr ...
Plan For Income From Several Sources
When Franklin Roosevelt signed Social Security into law as part of the New Deal in 1935, it was never designed to be anyone’s sole means of support in retirement. Strengthen your finances in retirement by developing ad ...
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