Understanding 401(k) Balances for Senior Citizens
Finance Retirement

Understanding 401(k) Balances for Senior Citizens in 2024

As retirement approaches, understanding the status of your 401(k) balance becomes crucial. For many seniors, this retirement account, coupled with Social Security, forms the backbone of their retirement income. However, recent data indicates that many are not as financially prepared for retirement as they might hope. This article delves into the average 401(k) balances by…

housing for seniors on social security
Finance Retirement

Affordable Housing Options for Seniors on Social Security

As seniors enter retirement, they often face the challenge of finding affordable housing that fits their limited budget. This can be especially true for seniors relying solely on Social Security benefits. However, with careful planning and understanding of the available options, there are affordable housing solutions for seniors on Social Security. Understanding Social Security Benefits…

Senior Financial Scams
Finance Sponsored

Seniors, Don’t Learn About Financial Scams the Hard Way Like Me

I always tell my children, “I don’t want anything for Christmas. Spend it on your kids. I have everything I need.” I said the same thing this holiday season, albeit with less resolve. What they didn’t know was that I was in a deep financial hole, victimized by a targeted scam that siphoned a significant…

Student Loan Forgiveness
Finance Retirement

Student Loan Forgiveness Plan Betrays Senior Citizens

The old adage “there’s no such thing as a free lunch” can pretty much sum up the student loan forgiveness plan made by the Biden administration. Some say it does too much while others say it’s not enough. Everyone seems to be unhappy about it for now, which should signify that things need to be…

Sibling Taking Advantage of Elderly Parents
Finance

Sibling Taking Advantage of Elderly Parents: Signs & Solutions

Getting older can come with a lot of different challenges. Many people find that their mobility decreases and their bodies get weaker. Others find themselves getting lonely. Friends and relatives die and struggle with their own issues, and society isn’t built for those who have retired. Guide to Choosing Senior Helpers (Best Options Checklist) No…

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