Senior Citizens
So says a recent AARP Research & Strategic Analysis Report. This report states that although African Americans continue to struggle in the workplace, they are uniquely positioned to take advantage of the jobs projected to be in high demand. This report provides the most comprehensive assessment ...
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TAGS: Consumer Education, Financial Empowerment, African American, Senior Citizen, Black Americans
Annuities are "safe”…a lot of folks would like to have more retirement income that is safe.
Annuities are Insurance Contracts
The first thing to understand is that annuities are essentially contractual obligations from insurance companies. In exchange for funds you provide to the insu...
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TAGS: Long Term Care, Investments, Retirement Planning, Senior Citizen, Annuities
Real estate investment trusts, known as REITs, are entities that invest in different kinds of real estate or real estate related assets, including shopping centers, office buildings, hotels, and mortgages secured by real estate.
There are basically three types of REITS:
Equity REITS, ...
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TAGS: Long Term Care, Investments, Retirement Planning, Senior Citizen
Research shows that the expected present value of lifetime uninsured health care costs for a typical married couple age 65 is about $197,0003. This includes insurance premiums, out-of-pocket costs, and home health costs and excluding nursing home care.
A typical household has a 5-percent risk that ...
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TAGS: Long Term Care, Retirement Planning, Senior Citizen
Source: Wall Street Journal - June 22, 2010
The life-insurance business was good to Steven M. Brasner for much of the past decade, so good that he and his wife named their motor yachts after it. Their first, a 34-footer, they christened "Preferred Risk." Its 50-foot replacement: "STOLI on the Docks...
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TAGS: Life Settlements, Life Insurance, Viatical
LifeStages...Retirement
RETIREMENT ISSUES...A GROWING CONCERN FOR 76 MILLION AMERICANS!
So you are thinking about retirement. Maybe you will work part-time…not because you have to but because you want to. In a recent survey by American Association Of Retired Persons – AARP , it w...
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TAGS: Retirement Age, Retirement Planning, Retirement Distributions, 72t
As Members of Congress consider whether to retain federal death taxes, they should ponder the principal reasons why they should join prior Congresses and repeal this tax, says William W. Beach, Director of the Center for Data Analysis at the Heritage Foundation.
Death taxes discourage savings and i...
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TAGS: Estate Taxes, Death and Taxes, Federal death taxes
Elder Abuse and Financial Abuse
Elder Abuse and Financial Abuse | $2 Billion & Growing
Elder abuse is doing something or failing to do something that results in harm to an elderly person or puts a helpless older person at risk of harm. A report completed in 2009 entitled Broken Trust: ...
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TAGS: Aging, Elder Abuse, Financial Abuse, Elder Care
Resources and Help
Abuse of the ElderlyAdvocates for Residents of Nursing Homes, by StateCommission on Legal Problems of the ElderlyConsumer Action HandbookConsumer Protection OfficesElder Rights ProtectionFederal Trade Commission Consumer Protection PageFinancial Crimes Against the ElderlyH.E.L.P....
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TAGS: Senior Citizens, Aging, LTC, Elderly, Long Term Care
Rogue Designations
Senior Citizens: Beware of Rogue Financial Service Professionals
Most experts say that you should look for someone with credentials when shopping for Financial Services such as insurance and investments. For example a senior citizen looking for long term care insurance doe...
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TAGS: Senior Citizens Scams, Con Artists
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