10 Things Older Investors Should Remember to Avoid Scams

Doing your homework before you invest goes without saying.  Getting trusted and knowledgeable advice from people you know, not acting under pressure, and learning as much as possible are all sound methods.  As a senior citizen, you may also need to consider ulterior and unscrupulous motives as well. Fraud is increasingly directed at seniors as they become a bigger and more lucrative target for scammers and con artists.  Read more about 10 signals that indicate something doesn’t add up here.



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Best Choices for Leaving Your Assets

As you progress through retirement, which investments you should access first is a decision that will require a clear view of your finances and your goals.  It can be a tricky decision to start tapping into your 401(k) or Roth IRA depending on your strategy and desired outcome. Your estate planning should take into account if you want to leave money in an account to your heirs and how much.  Find out more about what information you should consider and how it affects this decision here.

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Don’t Chase The Yield

Baby Boomers are heading towards retirement in increasing numbers. Along with this migration from the work force to the retirement force is a lot of discussion on how to best use retirement savings. The result is that some risky investment strategies are starting to get some attention that they may not deserve. While any investment carries an inherent amount of risk, some investment goals may put you at more risk than they can reward. Caution may be the better part of valor. Read more here.

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Good Investment Portfolio Tips for Seniors

Choosing a smart investment plan can be difficult for anyone, let alone for an older family member. As your loved ones get older, they need to consider many additional conditions and needs, like budgeting for everyday living, managing savings to provide for the years ahead and ensuring a rate of return. Other considerations like limiting the impact of taxes need to be considered. Creating a solid investment portfolio for your elderly family members requires a good strategy and an attention to unique details. Read more about what to look for and what to consider here.

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Planning Tips for Assisted Living

The search for assisted living can be a new and sometimes difficult path to travel. The primary concern is that the choice of living situation offers as much comfort and enjoyment as possible, while also marking all the appropriate tick boxes, like location, cleanliness, facilities, staff expertise, and more. By having solid and well defined expectations, you can direct your search effectively. Whether you are planning for your loved ones, planning with your parents or if you are considering assisted living for yourself, this article may be a great help.

Seniors in a nursing home


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A Few Helpful Tips on Reverse Mortgages

Reverse mortgages can be a great plan for some people to fund their retirement, and like any asset in your portfolio, accessing the value you have built up in your home and deploying it should be the result of informed decision making. In that spirit, it is never a bad idea to review best practices and solid advice to keep yourself grounded in reliable information. These tips help to reinforce good decision making and will help to ensure that if you choose a reverse mortgage, you will get the very best results. Read more here.

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Estate Planning and Digital Assets

More and more of your real life is spent in the virtual world. We’re no longer living in an exclusively material world. And this reality is changing everything, even what you own. Digital assets are a real item and knowing how to deal with them in estate planning is a real concern. Your digital estate includes everything from social-media accounts like Facebook, to gaming accounts to crypto-currencies and online banking accounts. Knowing what your digital estate encompasses is the starting point. Read more here.

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Get Active with Your Extra Time

If you are retired, you probably are discovering that you have a lot of time you need to fill. Making the right choices on how to fill that time is important. It determines what kind of person you will be. It’s a safe bet that people who choose activities that are engaging in body and mind are going to lead productive and interesting lives through their older years. Activities that mirror the things you love will also meet with less resistance on those days when you might not be motivated. Make the right choices for a happier you, read more here.

Seniors Exercising


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Taking Social Security Benefits Early?

Waiting to take Social Security benefits will increase the amount you get. However, there may be some temptation to take your benefits early and be in control of the investment. While it seems appealing to have more control over the direction, a full view of the conditions and benefits of waiting to take your benefits may convince you to leave well enough alone. Social Security is well funded, benefits increase after 62 and inflation is accounted in payments. All in all, it’s wise to know more. Read case studies about different scenarios here.

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Planning for Retirement after 50

If financial planning is something that you put off for years and you are celebrating your 50th birthday this year, you may want to take some time to consider that choice. First off, it’s not too late. It never is, but the years from 50 to 65 can be very productive years for saving and planning. Deferring more money into IRA and 401k accounts is a great start. You can also take advantage of higher deferments to your retirement accounts called ‘catch-up’ payments. To get started, check out these 5 tips and read more here.

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