money

For many people, taking part in clinical trials or research studies can be a way to help advance science or cures, get free medical tests, and make some cash on the side. The race to find an effective COVID-19 treatment and vaccine increased the number of research studies.  However, a recent report from the FTC,
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From time to time, Senior Planet reaches out to expert sources at the Federal Trade Commission (FTC) and offers their information to our readers, such as this article, below.  Visit the FTC website for this article as well as others from the FTC archives. Imitation is the greatest form of flattery. It’s also the greatest
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The pandemic has had a slew of unintended impacts to almost every facet of life…even Social Security. Retirement planner Beau Henderson, with RichLife Advisors in Gainesville, Ga., says the biggest trend he has seen during the coronavirus pandemic is people being forced into early retirement.  “Because there is so much uncertainty in the workplace, with
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If ever there was a year that offered retirees the opportunity to get a gut check on their finances, this is it. For many people, their lives, finances and their spending habits were all changed in dramatically – and some say permanently – by the pandemic. In addition, there were changes in tax laws affecting
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What would you do if you were told you couldn’t use cash? A year ago, Senior Planet member Lawrence Lucido (aka “Cousin Larry”) was told that he must pay someone without cash – and thus started his journey learning about Person-to-Person (P2P) payments. “I had never heard of Person-to-Person payments, but early last spring my
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The presidential election has been decided, but uncertainty remains in the post-election outlook for impact on retirees and pre-retirees. Much still depends on what happens in the Senate, where the balance of power will depend on two runoff elections in Georgia. But two big issues loom large: taxes and stocks. Taxes and You Americans often
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A recent study indicates that Coronavirus (COVID-19) has impacted the U.S. in ways beyond health and wellness. According to a Financial Literacy and Interpersonal Payment Behavior Survey published by P2P service Zelle®, distancing and life during lockdowns and quarantines have revealed some commonalities – and some disparities – across four different generations. The online survey
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Year end is fast approaching, and besides the pandemic, there are two other things on your minds – the holidays and charitable giving.  The best advice from financial advisors is that charitable giving should be part of your estate plan to get the most benefits. Here are a few tips to maximize your giving and
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If you are close to your 65th birthday, or are already on Medicare, the Medicare pitches are flooding your email, voicemail, text and old-fashioned mailbox. As you are probably well aware, it’s the open enrollment period until Dec. 7. If you have questions, you aren’t alone. Senior Planet found two independent Medicare experts and searched
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For Americans turning 65 today, there is a 70 percent chance you will need some form of long-term care at some point in your life. But three quarters of Americans don’t have a long-term care insurance policy, many because they can’t afford them. One of the problems is that the policies are cheapest when you
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By now, most people know that financial planners recommend you keep three to six month’s expenses tucked away in case of emergency or unemployment. It may be even more imperative for retirees, considering that many have not saved enough and no longer have a regular paycheck if something does happen. “Unexpected expenses still come up,”
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On the anniversary of September 11, it’s wise to remember everyone we lost….and to stay alert to scamsters who try to profit off such tragedies. Here’s some advice from the Federal Trade Commission. Whether you’re getting ready to deal with the aftermath of Gulf Coast storms, Laura and Marco, dealing with the ravages of wildfires
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30In the past, veteran serial venture capital leader Alan Patricof, 85, early on saw the potential of powerhouse companies like Bumble and Venmo. However, his personal experience with one of aging’s biggest challenges – his wife’s diagnosis of Alzheimer’s 11 years ago – brought home to him the problems of older people and the products
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Pensions, once a bedrock of our retirement system, are basically gone in the private sector, replaced by employer-sponsored 401(k) retirement plans. Workers must now figure out for themselves how to make their money last. But most people are not saving enough, despite the fact that they are living longer. A survey by GOBankingRates found that
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For years you’ve managed your money well, but just now something has complicated your life. Maybe a substantial inheritance has come your way. Maybe you have a new medical challenge.  Perhaps you want reassurance that your money can last through retirement. Whose counsel would you seek? You might turn to someone who has given you
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