Category Archives: Active Adult Living Financial Tips

4 Things That Can Destroy Retirement Plans

You may be planning for a comfortable retirement where you have absolutely no money worries. However, there are things that can destroy your comfortable retirement plans. Here are four of them. Try and avoid them in order to enjoy every minute of your retirement.

Early Withdrawal of Retirement Funds

It can be very easy to withdraw money from your retirement account or your 401(k) before retirement age. However, try and avoid this. When you withdraw money before retirement age, you not only lose out on savings but also many years of compounded growth. Think twice before you withdraw money before retirement. You will need this money far more than you do now once you are retired.

Protecting Yourself Against Identity Theft

Protecting Yourself Against Identity Theft

Identity theft is becoming one of the fastest-growing crimes in America. Millions of people are losing their vital information and more. Identity thieves commonly target seniors, and this is why great care should be taken in order not to get caught in this trap.

What is identity theft? This is when your personal information is stolen and exploited. For example, if your credit card or social security numbers are stolen, identity thieves use this information to use your credit card and social security. They take out huge loans, spend money on your credit cards, and commit various other crimes under your name.

Happy elderly couple in love near new house. retirement concept.

Planning for Retirement in your 50s

Retirement seems miles away when you are in your 30s and 40s. However, it comes upon you faster than you think. Most people do not plan for retirement. They will also tell you that they regret not doing so. So, if you haven’t started planning for retirement yet, here are a few things you can do when planning for retirement in your 50s.

Retirement Projections

Using a retirement calculator, you can project how much you will have once retired, depending on your savings and investments at the current period. There are a few online retirement calculators that provide you a broad overview. Keep in mind; most of these calculators are not 100% accurate. If you need accurate figures, you should seek the assistance of a competent retirement planner.

Current Scams Targeting Seniors

Seniors Beware – There are many Scammers Targeting you!

Seniors fall prey to various scams. These can be financial scams, counterfeit drug scams, funeral and cemetery scams, telemarketing scams and many more. Why are seniors so susceptible to scams? Why do scam artists target them? Seniors are an attractive target to many scam artists because they are more trusting than others, isolated from their families and also because they are considered more prosperous. Provided below are several types of scams that you may fall prey to and how you can avoid them.

Is a Side Income a Good Idea after Retirement?

Is a Side Income a Good Idea after Retirement?

Cash may be tight after retirement. However, you may not want to consider working after retirement. After all, this is the time to enjoy life, right? But, enjoying retirement can be tough without the funds to do so? You may have to, grudgingly, consider a side income. Let me tell you, aside income after retirement may not be so bad, guys. Here’s why….

Holiday Gift-Giving

Holiday Gift-Giving without Spending all your Savings

As seniors, we live on a tight budget and every penny counts. We have planned our months and usually, it goes without any mishaps. Then come the holidays. Christmas is the worst season when it comes to spending money. So, here are five ways of enjoying the holidays without money worries.

 

Money Saving Tips for Seniors

6 Money Saving Tips for Active Seniors

Active Adult Living Made Better with Money Savvy Measures

The rising cost of living is not easy for most seniors.  You, as an active senior, maybe living on a fixed income and the rising utility bills, gas and food prices may be quite worrying.  This can be true even if you have planned well for retirement.  However, there are ways to stretch that income, if you follow some money-savvy practices. Here are a few methods that you can take into consideration to keep your finances stable and your mind free of worry.

Five Tips on How to Sell Your Home Fast

Are you planning on moving and trying to sell your home as fast as you can? Well, you are in luck as the real estate market is more on the seller’s side and people are buying homes as the interest rates are low. However, low-interest rates alone will not persuade a buyer on a sale. Here are five tips you can implement in order to sell your home fast.