Archives for Senior

Overcoming the top 5 challenges of being retirement ready in 3 simple steps

(BPT) – It’s no secret that Americans aren’t saving enough for retirement. Many people are coming up short when it comes to funding their nest egg. But why is the problem so wide-spread? Insight can be found in the human behaviors that tend to get in the way of saving adequately. With National Save for Retirement Week the third week in October, now is the perfect time to learn more about the most common hurdles of retirement savings. The experts at Prudential Retirement note the top five challenges to being retirement ready include: 1. Living longer Did you know a
Read More

Summer travel tips for seniors

(BPT) – Extra socks? Check. Toothbrush? Check. Photo ID? Check. What else could you be forgetting? All travel requires some level of planning, but for seniors taking to the road or sky this summer, a little extra planning can go a long way toward ensuring an enjoyable vacation. Before embarking on your next adventure, consider these tips to make certain you have all your bases covered, from health to happenstance. 1. Keep your health in check: Make sure your doctor checks pre-existing medical conditions before you take extended travels and carefully manage conditions throughout your vacation. Also, pack enough of
Read More

Is America facing a retirement crisis?

Is America facing a “looming catastrophe” when it comes to retirement? One expert believes so. At a recent summit sponsored by the U.S. Chamber of Commerce, a Fidelity Investments executive used these words to describe the potential future of millions of baby boomers who plan to retire in the coming decades. Research conducted by Fidelity Investments indicates that many baby boomers may not be saving enough money to meet their basic living expenses in retirement. Nearly four in 10 retiree households today do not have sufficient income to cover their monthly expenses, he noted. In addition, over half of all
Read More

Facts matter when your health is at stake

(BPT) – Learning that you have a disease or medical condition can be overwhelming. You need to learn more about your condition. You may get advice from all directions – from well-meaning friends and family, the Internet, magazines, newspapers and television. But in the end, you want to understand your treatment options so that you can discuss your choices with your health care provider. But how do you know what information to trust? Every patient is unique and has different questions about his or her treatment options. While we may learn from others’ experiences, everyone can benefit from factual, unbiased
Read More

The truth about menopause: Debunking the myths for a happier, healthier, more satisfying life

(BPT) – Even in today’s information age, myths about menopause and women’s changing bodies abound and can take a huge toll on women. Half of women say their anxiety around menopause is caused by not knowing enough about this life stage and nearly half of menopausal women feel less confident once they start experiencing menopausal symptoms. For women going through this transitional stage of life, debunking myths and finding solutions to help them stand up to the symptoms of menopause can empower and help them lead happier, healthier lives. “Just like all girls go through adolescence, all women go through
Read More

DIY for your IRA: What you should know about self-directing

Ups and downs in the current market and recent corporate and banking scandals have prompted many people to seek ways to have more control over their retirement funds. Self-directed IRAs allow consumers to use their knowledge and expertise to invest in assets beyond stocks, bonds and mutual funds. While self-directed IRAs provide a new way to grow retirement savings, they may not be the best option for everyone. It’s important to note a self-directed IRA, such as plans offered by Ohio-based IRA custodian Equity Trust Company, is not a different type of IRA. Plans such as a traditional IRA or
Read More

Four simple tips to better hearing

(BPT) – Staying socially active and engaged with friends and family is important as people age, and hearing well is crucial to making that happen. New research shows that hearing loss is associated not only with a range of physical problems, but also mental health problems such as social isolation and even dementia. That important connection warrants greater attention during May, which serves as both Better Hearing and Mental Health Month. When a person cannot hear well, activities they used to enjoy – meals with friends, social events and worship services – become challenges. People can then become frustrated, skip
Read More

Your tax documents – what to keep and shred

(BPT) – Whether you use old-fashioned manila filing folders, a flash drive or cloud storage, tax and personal finance authorities agree on the importance of saving tax documents and records. In addition to using the information for preparing your next income tax return, it may come in handy years from now. “Your tax data is helpful and often required in many non-tax financial situations,” says TaxACT spokesperson Jessi Dolmage. “For instance, insurance companies, lenders and creditors often use tax information to verify income and asset value. Form W-2s can provide proof of income if your Social Security benefits are less
Read More

Baby boomers: Bathroom updates that increase livability and home value

(BPT) – Baby boomers are a smart group when it comes to home updates. While embracing life today, they fully recognize that in the future, their homes may need upgrades to help them live well and stay safe. The bathroom naturally gets the most attention and for good reason – it’s one of the most frequently used rooms in a home and also one with many hazards. Baby boomers are turning towards safer bathing options to support their changing lifestyle including walk-in baths, handicap accessible showers, and other supportive furnishings. “Baby boomers value being able to live out their golden
Read More

Simple ways older drivers can save money on auto insurance

(BPT) – Are your auto insurance premiums too high? Maybe they are, but not for reasons you might think. Insurance companies aren’t charging you higher premiums because you’re in an over-50 age group. You may be paying too much because you haven’t done anything to lower the cost of your premiums. Check out these money-saving tips – they could be right up your alley. * Comparison shop. You don’t need to stay with the same insurance company forever. Prices vary from company to company. Just be sure you discuss the identical coverage with each company representative. Also, don’t go by
Read More