Financial Planning

Seniors: Don't Discount a Discount

When people reach a certain age or just get near to being senior, they may become unwilling to acknowledge it because they are embarrassed or they can’t accept the reality that they have reached THAT age.

There’s nothing to be ashamed of. In fact, there are many valuable offers and discounted deals just waiting to be discovered, that are available only to the “older generation”.

Growing number of elderly struggle to get mortgages

Older people in the US are increasingly taking more mortgage debt into retirement than ever before, but applying for a new mortgage can prove troublesome for seniors. This is also the case in the United Kingdom, where new rules that were introduced earlier in the year have meant a greater struggle to gain finance for home buying in later life.

Is it time to fire your financial advisor?

Do your new year’s resolutions include getting your financial plan in order? Look not only at where your money is going, but who is helping you decide how it gets there. If your new year means you need a new approach, look at finding a new advisor. Here are some reasons to consider making a change.

You don’t have one

Little-known Tax Credit Can Help Seniors Cope With A Health Impairment

It's Never too Late to Plan Ahead for Retirement

Why do seniors give to charity?

The biggest retirement fears among Baby Boomers

Despite being called the ‘Golden Years,’ retirement is not always easy. The combined challenges of saving enough to live on, frequently declining health, and limited mobility can make retirement a difficult period for many people.

According to a 2010 survey from Allianz Life Insurance Company, Baby Boomers in the United States shared that their biggest retirement-related fears were a combination of health and financial concerns, with the apprehension of outliving their retirement savings topping the list,

The biggest inheritance mistakes seniors make

The rapid population growth of Baby Boomers across North America is a well-documented phenomenon, but it’s not just demographics that will change as a result of the aging population: economics will also be significantly impacted.

In the next 40 years, more than 40 trillion dollars of intergenerational wealth transfer will occur in the United States alone in the form of inheritances and estates as millions of Baby Boomers and Generation X’ers retire and pass money on to their children.