Savings Stretching and Financial Strategies for Older Americans

Published quarterly since 1993 with the ambition of helping people guard and extend their finances, this special edition focuses on seniors and the families that care about them in relation to savings, maintaining independence, and financial stability upon retirement.

  • Safeguarding Your Money After Your Final Paycheck – With longer retirement expectations of today’s seniors and little to no income generation, smart seniors will need to learn how-to focus on designing a financial plan that can afford them the free time for travel, hobbies, and grandkids when it is their time to leave the workforce.
  • Annuity Investment Considerations for Retirees – Annuity investments, similar to the traditional IRA and employer 401k plans, grow your money tax-deferred until withdrawal but can be potentially multifaceted, are not for everyone close to or in retirement, and need thorough research much like every investment should.
  • Post Career To-do Strategies for Everyone – The decisions we make and directions we decide to take throughout our lives are what effectively determine a successful retirement, researching and preparing a list of your needs and desires places you one-step closer to a prosperous post employment strategy.
  • Steering Clear of Fraud Targeting the Elderly – It is unfortunate that in current times seniors need to educate themselves on how to protect their nest egg but it has become a necessity, often they become the targets of monetary crimes due to that fact that they hold a significant amount of assets, fear losing their financial freedom, and are easy marks for identity theft.
  • Charlatans Stealing Homes via Falsified Documentation – Swindlers posing as the son or daughter of an elderly homeowner in an endeavor to file phony deeds and then making the claim that they are the property owner in an effort to gain possession of a home sounds unbelievable and terrifying but can be prevented by following these housing tips.
  • Elder Deception by Loved Ones and Caretaker – Regrettably, frequent thievery and cons (e.g. outright stealing, check cashing without account holder permission, property ownership transfers, and identity theft) against the elderly are surprisingly common and committed by the very people they know and trust, find out what you can do and the preventions to put in place to protect yourself.
  • Financial Fraud Protection How-to’s – Learn more about the inner workings of financial fraud and implementing family protections for your family with the facts on dealing with trusted organizations, getting all monetary offers in writing, monitoring of monthly bank statements, periodic credit report and history reviews, and the general avoidance of con artists.
  • Avert Identity Crimes Involving the Deceased – As deplorable as it sounds, criminals have figured out that they can review their local newspapers obituary and accumulate an adequate amount of personal information to execute an identity fraud, discover what you can do to protect your property for any potential heirs and prevent this type of crime.
  • Already the Victim of Fraud Crime – In the unpleasant event of falling victim to identity theft, you need to know your options and what actions need addressed, the following useful contact points and phone numbers can get you on the path to stopping future fraudulent activity in your life and begin the process of repairing your credit.
  • Make Time for Financial Organization and Simplification – Simplify your life and effectively manage your finances with varying points of interest such as making sure your personal will and other legal documents are up to date, organization of all essential documents, shredding of unwanted or unneeded documents, and verifying that any unused active financial accounts are confirmed to be closed.
  • Money Management Daily from a Professional – On a daily basis, many of you are or about to be helping ailing or senior family members with scheduling their medications and accounting for their finances, find out the potentially better ways to alleviate these pressures by placing the responsibilities of bill payment and financial management in the hands of a professional.
  • Providing Financial Account Access to Others – Thinking about adding a loved one to your bank account, review these guidelines to make the right choice regarding co-ownership of a deposit account, which account holders are covered by FDIC insurance, additional FDIC insurance protection for certain account beneficiaries, and if you want to give someone else access to a safety deposit box.

"Consumer News Fall 2005." FDIC. Federal Deposit Insurance Corporation, . Web. .

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