Investing, like a lot of things in life, often benefits from a distinctly simple approach. By not overthinking and overanalyzing your investments, you can have more money, more peace of mind and more security. Following a simple list of things you should definitely do and a list of things you should definitely avoid can give you the foundation of a solid investment strategy that can provide you the retirement security you need. Read more here.
If you have ever played the kids’ game of Telephone, you know that the more people involved, the crazier the message gets by the time it reaches the last person. If you or your spouse stayed in the hospital, you are the last person in that whisper line, and there may be 250 people handling the billing information before it gets to you. Knowing what to look for can ensure that you are paying only for the items and services used during your stay in the hospital. Read more about how to ensure you are watching out for your pocketbook here.
If you are thinking of how to pass on something of value to your grandchildren, and you want to do so in a positive and efficient manner, you might consider some of the options open to you by setting up investment plans for them. If their college funds are well endowed, then the next best vehicle might be a Roth IRA. It can be a great way to plan for them, and to teach them about the value of investments as well. Read more here.
As the population of seniors in America continues to grow, the market share that they demand continues to grow with it. And the needs of this growing group are changing fast. Seniors are living longer, healthier lives, and they want the added independence that goes along with that extended period of healthy retirement. Tech that keeps seniors living independently is a growing segment, and it is influencing many other areas of the senior marketplace. Read more on the growing senior tech culture here.
Glenn Miller on the hit parade and a LaSalle parked in the driveway. That’s the scene that might have greeted you the last time you were invited to a mortgage burning party. Yes, if you are old enough to remember them, you might be wondering what happened to them. Well, for one, mortgages are a different animal these days. The way that Americans view their mortgages has changed. Take a listen to this great story on how the end of mortgage burning parties reflects our changing relationship with mortgages. Listen here.
With so many home run hits to their credit, it’s hard to imagine Apple striking out, but that’s what it looks like with their attempts to blend health-monitoring apps and the Apple Watch. Foiled by dry skin and hairy arms in the transfer of reliable health data from the wearer to the watch, Apple has thrown in the towel. However, Apple may not be out of the game yet, as they are increasing attention to health and activity-monitoring apps for the iPhone. Read more about the watch and Apple’s plans for your health here.
Lisa Boesen not only had to deal with the death of her parents, but also with the remnants of their financial lives as well. Credit cards and other debts can create a problem for children and heirs. Problems of which they may not be aware. As with everything in life, each situation can be different, and each debt type can be unique. Usually, immediate creditors are first in line for any assets, followed by secured loans like cars and mortgages. In some cases, credit card debts are written off. Read more here.
Revesterol is a compound found in red wine that may, among other health benefits, actually help prevent memory loss. In trials lead by Dr. Ashok K. Shetty, Ph.D., a professor in the Department of Molecular and Cellular Medicine and Director of Neurosciences at the Institute for Regenerative Medicine at Texas A&M University, results indicated that revestorol improved spatial awareness and memory. For more info, read the article here, and for people with more curiosity, you can also read the published paper here.
Are Senior Citizens exempt from paying capital gains taxes when they sell their homes? The answer unfortunately, is no. There is no age exemption for capital gains; everyone pays. The amount you pay is the issue. By taking into account many different aspects of the ‘value’ of your house, the capital gain for which you pay can be reduced substantially. Your occupancy in the past five years comes into play, as well as other special considerations. If you are a senior and planning to sell your home, you may want to consider how the capital gain will affect your strategy. Read more here.
“TlhIngan ghoj”. “Apprendre le Français”. Whether you learn Klingon or French, getting a second language under your belt is great for your brain functions and structures. The great thing is that it’s as beneficial to older people as it is to younger! Like regular exercise for your muscles, the brain enjoys a good workout too. Not only is learning a new language good for your brain, it also makes a big difference in your social network too, adding classmates and other learners to your group. Learn more about the brain benefits of pursuing a second language here.