Finance
Sorted by date Results 1 - 25 of 31
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
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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 socialsecurity.gov
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
Is Medi-Cal Planning Ethical?
As in any area of consumer spending, knowing what to look for and what strategies to use in arranging for paid care services can save money. Medi- Cal planning allows many seniors... — Updated 6/11/2019
Few Bitcoin Fans among Seniors
Retirees are not famous for being major risk-takers. In fact, quite the opposite is true with those in their age bracket. That said, it's surprising to learn that one third of them... — Updated 6/11/2019
Seniors Face Economic Barriers to Better Health
America's seniors are seeing improvements in clinical care but are facing significant economic barriers to better health, according to the key findings from United Health Foundation... — Updated 10/9/2017
Social Security Administration Changes System... Again
America's Social Security system appears to be holding to the old adage - If at first you don't succeed, try, try again. Last August, the Social Security Administration implemented... — Updated 10/9/2017
