It’s the time of year again for filing taxes. While no one wants to pay taxes, this is especially true for retirees who may have limited income or are living on a set budget. No matter the situation, there are options for retirees to help reduce taxes owed and possibly come out with a refund. Read more >>
With a checkered history and the very real fear that funds could be depleted before many current workers can benefit from them, Social Security may no longer be the safety net it was envisioned to be when it was established nearly 85 years ago. Today’s seniors, as well as younger Americans planning for retirement, must Read more >>
Planning for your retirement or calculating your retirement score can be a daunting experience. There is so much to think about, especially the amount of money you need in order to retire comfortably. Generally, the rule of thumb is that the money you may need when you ultimately retire should fall somewhere between 70 to Read more >>
A new bill being weighed by the U.S. House of Representatives would make provision for the tax-free rollover of life settlement proceeds into tax-free accounts dedicated to long-term care. The bill, H.R. 7203, was sponsored by Rep. Kenny Marchand (R-TX) and referred to the House Ways and Means Committee on November 30. H.R. 7203, known Read more >>
Everyone who works with seniors knows that the American population is older than ever before, but what are the broader implications of this upward aging trend? How can people over 65 and their advocates optimize the retirement years? Dan Veto, a senior advisor for Age Wave, addressed these questions in depth at the Life Insurance Read more >>
Financial concerns have always been a part of the retirement landscape, but two recent studies indicate a precipitous situation for many seniors, with bankruptcy rates for the over-65 population surpassing those at any other time in history. Some of the most significant data came from a study compiled by four professors in partnership with the Read more >>
It’s something every adult understands—saving for retirement is a necessity. But beyond the nebulous idea of “putting money away for later,” how much do we really know about the actual costs incurred by American seniors? Retirement expenses are rising, making it more imperative that people over 65 and their advocates understand the details of income Read more >>
Americans have more choices than ever—about television shows, car services, or where to get their news, shop, and book travel. So it would follow that seniors seeking financial help during retirement should be informed about every viable option, including life settlements. This option, which can convert an unneeded life insurance policy into a windfall, is Read more >>
According to data collected in 2012 by the U.S. Census Bureau, the sector of Americans over the age of 65 is expected to double by 2050, comprising about 20 percent of the nation’s population. This trend of aging baby boomers will affect demand in a number of industries geared toward seniors. Specifically, the graying of Read more >>
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