Category Archives: Senior Advising and Counseling

Consumer Ageism Reality Check: How to Tell If You Are a Victim of Discrimination

Even when you are prepared to give someone the benefit of doubt there can come a point where you realize that you are not being treated equally and therefore want to do something about it.

This is the sort of scenario facing consumers who have moved past their 50th birthday and suddenly find themselves subject to ageism when it comes to getting a fair deal on services and products.

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Senior Conversation Starter Tips

Retirement HoustonStarting an uncomfortable conversation can be absolutely no fun.  It is not easy to ask hard questions.  In Los Angeles there are people who can be trusted and people who may not be so trustworthy.  As our parents age and there are other people in the family, friends and those we hire to assist to care for our senior aged loved ones, we must protect them as they once protected us.  It is important to reciprocate the loving care that our parents gave to us when we were vulnerable and in a position that someone needed to look after and out for us.  For this reason, it is equally important to start conversations which may be difficult.  The best way to prevent financial abuse with a senior aged loved one is to contact an attorney, financial advisor and accountant to get the finances in order.  When your senior aged loved one gets to the age that you feel like they could be in the position to fall victim to financial abuse it is the time to start those conversations.  Senior conversation starter tips:

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Certified Senior Advisor

When younger generations are faced with the responsibilities of caring for their elderly family members, issues may arise from lack of knowledge and/or lack of preparation. This is by no means the fault of anyone involved. Though many family members or friends begin with the intentions of helping their senior family member, the reality and weight of the responsibilities soon set in. This is why there are programs which assist in the caring and education of seniors.

Among those programs are the Society of Certified Senior Advisors (SCSA) and the Certified Senior Advisor (CSA) program.

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Financial Advisors for Seniors

Just like a brain surgeon doesn’t operate on themselves, you should always hire financial advisors for seniors who are especially trained for those over age 60 who are planning their retirement.  There are so many different tax changes and legal restrictions, that only a trained professional who keeps in good standing with their profession, can service your needs.

For instance, did you know that there are penalty-free withdrawals from qualified plans for those pre-age 59 1/2?  In the current distressed economic environment, a retirement plan is often the largest asset one has.  With financing difficult to obtain, accessing those funds may be critical, especially without incurring any early-withdrawal penalties.

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Drug Programs for Senior Citizens

It might seem like you are being left in the cold with regard to your prescription coverage, whether or not you currently carry health insurance or are being covered by Medicare or Medicaid. However, there are a myriad of senior citizen drug programs that are offered all over the country, for those in need of assistance. Prescription medication can be not only life-saving, but prohibitively expensive; a dichotomy that lowers your standard of living while making you healthier. Having to choose between groceries and medicine might not be what your situation looks like, but for millions of seniors, that is exactly how it is.

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Government Senior Citizen Programs

The Federal Government has established many programs to aide senior citizens, but many senior citizens do not know they exist or how to take advantage of them. Government senior citizen programs include social security retirement benefits, survivor benefits, disability benefits, and supplemental security benefits. The goal of all these programs is to improve living conditions for senior citizens, but they must be taken advantage of them to meet their goal.

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Seniors Using Credit To Pay For Health Care Costs

With soaring costs of prescription drugs, housing, gasoline and groceries, it is easy for seniors on fixed incomes to go over budget. According to experts, many seniors depend on Social Security payments, pensions and personal savings and cannot keep up with inflation, and, to keep up with the rising costs of prescription drugs and medical payments not covered by Medicare, retirees have accumulated more debt than ever.

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