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Does Insurance Pay for Senior Communities?

I am looking into moving to a Senior Independent/Assisted Living community. Does insurance pay for it? Independent living and assisted living communities in Tulare County are... — Updated 11/11/2023

 By Richard Connor    Finance

What to Worry About: Five Biggest Financial Risks

Boston College's Center for Retirement Research published a study that explores what Americans think are the biggest risks to their retirement - as opposed to what they objectively... — Updated 11/11/2023


Medicare Advantage and Prescription Programs to Remain Stable in 2024

The Centers for Medicare & Medicaid Services (CMS) has announced that average premiums, benefits and plan choices for Medicare Advantage and the Medicare Part D prescription dru... — Updated 11/11/2023


Social Security Benefits to Increase by 3.2% in 2024

Social Security and Supplemental Security Income (SSI) benefits for more than 71 million Americans will increase 3.2% in 2024, the Social Security Administration announced on October 12. On average, Social Security retirement... — Updated 11/11/2023


Report Finds $28.3 Billion a Year is Stolen from U.S. Adults Over 60

Older Americans lose an estimated $28.3 billion annually to elder financial exploitation (EFE), according to a new report from AARP. The report also shows that 87.5% of adults age 6... — Updated 9/4/2023


2024 Social Security Payments Expected to Increase by 3%

The Social Security cost of living adjustment (COLA) for 2024 is looking increasingly like it may be around 3%, based on consumer price data released on August 10, according to The Senior Citizens League (TSCL). Overall, the... — Updated 9/3/2023


Most Americans Worry about Long-Term Finances

The majority of Americans don’t think they can depend on Social Security for retirement income and worry about their long-term financial stability, according to the 2023 1Q Quarterly Market Perceptions Study from Allianz Life Ins... — Updated 5/25/2023


Free Tax Preparation Offered in Tulare County

Community Services Employment Training (CSET) is providing free tax preparation services to residents of Tulare County. The Volunteer Income Tax Assistance (VITA) program prepares... — Updated 3/2/2023


Victim Blaming in Financial Fraud

A new report from the AARP Fraud Watch Network and FINRA Investor Education Foundation says shifting how our society talks about victims of financial fraud could lead to a much-needed change in how our country responds to this grow... — Updated 9/8/2022


Social Security Benefits Lose Buying Power

High inflation has caused Social Security benefits to lose 40% of their buying power since the year 2000, according to the latest update of an ongoing study by The Senior Citizens... — Updated 7/24/2022

 By Larry Kast    Finance

SRES Designation Indicates A Realtor's Dedication to Serving Seniors

Today's real estate market is full of first-time home buyers, those who are moving up, and those who are moving away. But the segment of the market occupied by seniors is finally... — Updated 5/6/2022


Can You Deduct Assisted Living Costs?

It is tax time again, and I am getting quite a few inquiries regarding whether assisted living costs can be deducted from your taxes. My first step would be for you to discuss this with your accountant to get his professional... — Updated 3/5/2022


Social Security Announces 5.9% Increase

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 5.9% in 2022, announced the Social Security Administration on... — Updated 11/9/2021


Seven Tips to Help Seniors Get Affordable Car Insurance

The number of senior citizens who are driving in the U.S. is constantly increasing. This means that the demand for affordable car insurance for senior drivers is also increasing.... — Updated 7/9/2021


Survey Finds Retirees Spent Less on Healthcare in 2020

Although older Americans have been the most at risk of dying from COVID-19, the pandemic has resulted in a rare drop in healthcare spending for this group in 2020, according to a new survey by The Senior Citizens League (TSCL).... — Updated 5/1/2021


Report Shows Financial Impact of Diminished Capacity

Three financial services and technology experts – all with extensive professional and personal experience devising strategies to protect families and improve financial decision-making – have released a whitepaper that provides... — Updated 5/1/2021


People Born in 1960 Face Social Security Reductions

About 4 million people who turn 61 this year could be facing a deep hit to their Social Security benefits when they retire, warns The Senior Citizens League (TSCL). "This is caused... — Updated 3/3/2021


Don't Share Your COVID-19 Vaccine Card on Social Media

You just got your COVID-19 inoculation and you are excited to share the good news and encourage others to do the same. You take a selfie holding your vaccination card and post it to Facebook, Instagram or another social media... — Updated 3/3/2021


Social Security Increases Benefits by 1.3% for 2021

Social Security and Supplemental Security Income (SSI) benefits for approximately 70 million Americans will increase 1.3% in 2021. The cost-of-living adjustment (COLA) will begin... — Updated 1/13/2021


80% of Money Lost in Prize Scams Comes from Seniors

Sweepstakes, lottery and prize scams have not lessened their financial and emotional harm, despite concerted law enforcement efforts, according to data from Better Business Bureau (... — Updated 10/11/2020


The 'New' Retirement Shows How to Profit from Gig Economy

In an era when so few people believe they'll be able to retire comfortably (or at all) - and the statistics bear that out - author Winton Churchill argues in his just-released... — Updated 7/24/2020


Redesigned Retirement Benefits Portal at

The Social Security Administration announced the first of several steps the agency is taking to improve the public’s experience on its website. The newly redesigned retirement benefits portal at www.socialsecu... — Updated 7/24/2020


IRS Creates New 1040-SR Tax Return for Seniors

Many seniors filing their taxes this year will have the option of using the new 2019 Form 1040-SR, U.S. Tax Return for Seniors. Eligible taxpayers age 65 and older who plan to... — Updated 4/10/2020


Social Security Announces 1.6% Benefit Increase for 2020

Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6% in 2020, the Social Security Administration has announced. The 1.6% cost-of-living adjustment (COLA) will begin with... — Updated 4/10/2020


Don't Put Me in a Nursing Home

Over the years, I've heard many people state such things as, "I will never put my loved one in a nursing home," and "I promised them that I would care for them at home until the... — Updated 8/11/2019


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