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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 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

 

FINRA Files Rule Proposal with SEC to Protect Seniors

The Financial Industry Regulatory Authority (FINRA) submitted to the Securities and Exchange Commission (SEC) proposed rules addressing the financial exploitation of seniors and other vulnerable adults. FINRA is proposing... — Updated 10/27/2016

 

Securities Helpline for Seniors Helps Prevent Fraud

The Financial Industry Regulatory Authority (FINRA) released a year-end report on the FINRA Securities Helpline for Seniors 1-844-57-HELPS, which has fielded more than 2,500 calls and helped investors recover nearly $750,000 in... — Updated 1/22/2016

 

Reverse Mortgage Program to Help Seniors Facing Foreclosure

Keep Your Home California has launched a new pilot program to help low and moderate-income senior homeowners avoid foreclosure on their reverse mortgages. Senior homeowners who are... — Updated 3/18/2015

 

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