For many people across the country, from outdoor enthusiasts to retirees, driving an RV is the ideal way to travel. Whether traveling during the summer or year-round, they never have to settle for just one destination — there is always something new around the next turn. However, owning or renting an RV comes with one… Read More »
It was “Mistake Day” on Senior Law Radio! On today’s show I covered many common mistakes people make relating to their estate plan (Will, Trust, etc.) and long-term care planning. Topics are broad and include: Adding someone’s name to your deed (sometimes you’ll hear this referred to as a “quit claim deed”) Hybrid families (second… Read More »
3 Part-Time Jobs for Retirees Whether you want to generate some extra income during your retirement or just keep yourself busy, getting a part-time job can be a great way to spend your golden years. But why settle for just any opportunity when you could stay mentally and physically active and give back to the… Read More »
Older Americans with a life insurance policy that they no longer need have the option to sell the policy to investors. These transactions, called “life settlements,” can bring in needed cash, but are they a good idea? If your children are grown and your mortgage paid off, you may decide that there is no longer… Read More »
Phone scams are as common as ever. Scammers just keep calling, hoping you will give them sensitive financial information. One of the most common scams is the IRS scam: The person on the line says they’re with the IRS and claims that you owe money. If you don’t pay, they warn, you will be arrested…. Read More »
Whether you’re banking with a credit union or a national giant, your financial institution likely offers more resources, account options, and saving plans than you’re using — or even aware of. As one NerdWallet article puts it, “Banks and credit unions continue to find new ways to both delight and confound customers.” If you focus… Read More »
When it comes to estate planning, talking about wills, or long-term care planning, a lot of people have reservations, or even fears, about their future. One common fear among older folks is planning for the future only to run out of money. This comes up a lot in regard to long-term care planning. But the… Read More »
According to the Bureau of Labor Statistics, upward of 40% of people aged 55 and older are continuing to work past the normal retirement age. There are a number of reasons why people are choosing to stay employed, with one of the biggest being a lack of retirement funds, but some are also using work… Read More »
A lot of retirees like to work part-time after retirement. It’s a great way to stay active, mentally, physically, and within the community. Plus, it brings in supplemental income a lot of retirees use for discretionary spending, rather that dipping into retirement or investment accounts. For some, working in retirement years is necessary — especially… Read More »
When a couple who has been married for several years decides to end their marriage, their reasons are usually complex. It may be that after decades together, they have grown apart or because of something as devastating as an affair. While divorce can be one of the most financially and emotionally devastating experiences a person… Read More »