Money

Most seniors rely on Medicare to pay for their medical care. But for some 10 million low income seniors, help for medical costs also comes from Medicaid. With Medicaid coverage, such seniors receive assistance with not only small, out-of-pocket medical expenses but also the major costs of long-term nursing home…

The Great American Dream: Decades in a stable, well paying job, then secure retirement and easy street going forward. For most, that dream no longer exists and in fact, a nightmare scenario has arisen. Fewer and fewer Americans these days can even dream of any sort of retirement, with little…

There’s a lot of myth and misunderstanding out there regarding the long term viability of Social Security. While it’s unlikely to go bust in our lifetime, there are serious policy questions about it’s long term viability and changes that need to happen. But that’s a provocative topic few politicians are…

If you’re not familiar with Margaret Manning, you should meet her: Her website, Sixty and Me, is an online platform for women over 60 to share opinions and insights. Recently, Margaret queried her subscribers about creative ways they’ve found to bolster their retirement income. The responses? Fascinating and free wheeling, from…

While some of us cling to our paper checkbooks and pencils, the world as we know it is leaving us behind, and banking is moving online.  For many seniors, the thought of managing accounts, paying bills or depositing checks through a computer or a mobile phone is an anathema- yet…

Senior scams are serious business: The average victim loses $120,000, which adds up to an estimated $3 billion in annual losses nationwide. It’s thus a wise investment for financial institutions to do all they can to stop the financial abuse of older persons. Many banks have now introduced software to…