Sometimes getting older means living on a fixed budget due to having less income and having higher medical bills, mortgages, and care giving needs. For this reason, seniors look for more ways to save money. Here are some discounts and that you may not be aware of.
An estate plan consists of numerous documents that compliment your living trust. If you are not familiar with your estate planning binder, it can be difficult and frustrating to figure out what each document is and what purpose it serves. Here is a quick description of the most common documents contained in your estate plan. If you are missing any of this paperwork, it is important to have your estate plan reviewed and updated.
A good estate plan typically includes a Health Directive where you appoint a trusted friend or family member to not only make medical decisions for you, but to also take care of how your remains are handled at your death.
The greatest generation and baby boomers didn’t grow with computer technology, so sometimes it is difficult for seniors to work with computers. It’s hard to understand the hardware, operating systems, and software. Windows seems to be getting more complicated with each new release. If you are setting up a new computer or want to try something easier to use, perhaps you should consider Linux as the operating system for you.
You may think of video games as an activity for teenagers to pass the time; something for kids, but not really for adults. Did you know that more than 25% of gamers are over age 50, and over 40% are female? Today video games are for everyone, including seniors. There are a variety of games that assist with physical fitness and cognitive function. If you liked games as a child, then it’s just the case of finding the right game for you as an adult.
Now that new Medicare ID cards are being sent out, there are more opportunities for criminals to steal money and vital information from you. Ironically, the new Medicare cards, which are meant to reduce theft of social security numbers by replacing them with an 11-digit code, has opened the door for new scams against seniors.
Technology can be difficult for seniors. Often, technology developers don’t keep older adults in mind when creating a product. Many of us, not just seniors, would enjoy bigger buttons on our phones and tablets, easy to use reminders and well-lit screens. Although many seniors shy away from using modern day devices, some items can improve their daily lives. Every senior should try to use a cell phone, a medication management system and a medical alert system.
It is an incredibly stressful and traumatic experience to have a loved one face a serious medical issue and hospitalization. In the moment, you are focused on the minute-to-minute recovery, and not necessarily thinking about what happens when your loved one is well enough to leave the hospital. However, it is important to prepare for next steps.
In recent years, seniors and many others have fallen victim to email scams. These scams prey on the victims’ trust, and allow them to move forward with fraudulent transactions. Although there are many different email scams, here are two popular scams to watch out for.
Fake telemarketing is a billion dollar business for scammers and the large majority of the victims are over the age of 50. Phone scams target seniors because older adults are twice as likely to make a purchase over the telephone. Learn more about a couple of popular scams.