World Elder Abuse Awareness Day (WEAAD) is this month, so it’s the perfect time to get involved in this important cause.  According to the U.S. Department of Health and Human Services Administration for Community Living (ACL), “Each year, an estimated 5 million older persons are abused, neglected, and exploited.  In addition, elders throughout the United States lose an estimated $2.6 billion or...

Maximizing every dollar of income is important to most Americans, but it’s especially critical for retirees on a fixed income.  Whether you’re still a few years from retirement or already retired, having a solid plan in place can help insure you don’t outlive your nest egg.  In an effort to make the most of your money, a recent article discusses strategies for generating tax-free income.1...

As older Americans approach retirement, many find that they haven’t saved enough. Should you find yourself in this situation and don’t have the time to play catch up, downsizing is one strategy to consider. However, there are a number of costs involved with this strategy that you may not have realized. Before you decide to put up the ‘For Sale’ sign, consider the following and make sure that the...

When armed with the right knowledge, you can better protect yourself from cybercrime.  According to antivirus software provider Norton, “…online criminals are trying to make their money as quickly and easily as possible.  The more difficult you make their job, the more likely they are to leave you alone and move on to an easier target.”1  Below are some tips for ways you can protect yourself from...

If you’ve ever considered a reverse mortgage you may have discovered it’s not the easiest product to understand.  While it may not be the right product for some, it can be a valuable resource for others.  Of course it’s important to understand the advantages and potential risks before making such an important decision.1 A Home Equity Conversion Mortgage (HECM), commonly known as a reverse...