Tag Archives | Financing

Tax Filing Tips for Active Adults

Mid-March heralds the first day of Spring, May is a “merry, merry month,” and sandwiched between the two is April, which gets the short end of the stick both in poetry (April Showers) and in reality with Tax Day. This year, Tax Filing Day is Tuesday, April 18, the date by which the majority of […]

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Financially Savvy Retirement Tips For Boomers

We’ve worked, we’ve saved, we’ve planned, and now we’ve reached it: RETIREMENT! If you’ve ever played the board game “Life,” you know that the “winner” is the one with the most money in his or her coffers, and who drives his or her plastic car to the sprawling plastic mansion on the hill to live […]

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Boomers Prepare For Open Enrollment Season

  Ahh, fall – that time of year when the leaves are changing color, festivals abound, sweaters come out of storage… and Medicare Open Enrollment begins for Active Adults! Mark Your Calendars If you are age 65 or older, you can expect your Medicare Annual Notice of Coverage (ANOC) and Evidence of Coverage (EOC) notice […]

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Timely Financial Tips from the FDIC for Active Adults

Significant life changes such as retirement, change in marital status, and the purchase of a new home, mean you might want to think about reviewing your finances, and establishing a plan for who can access the information in case of an emergency. The FDIC recommends these actions when you have a significant change in your […]

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Tips for Active Adults to Avoid Financial Fraud

You’ve moved into your new home, and are now receiving the avalanche of email, “snail mail,” and phone solicitations from marketing companies who specialize in targeting new area residents. “Snail mail” is simple to deal with: simply toss it in the recycling bin before it ever enters the house. But email and phone calls seem […]

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Boomers & Retirement: How Much Do I Need To Save?

The Baby Boomer tidal wave has launched a host of new businesses aimed at the “needs of our generation.” Of course, in order to buy their products and use their services, we must have ample funds. How much to include in our nest egg is one of the biggest questions Boomers have when contemplating everything […]

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Financial Facts for Active Adults

According to Social Security Administration guidelines, individuals born between 1943 and 1954 may begin to claim “early retirement” at age 62, or “full retirement” at age 66. Statistics reveal that nearly 70% of recipients claim “early,” resulting in smaller monthly payments. Financial experts recommend waiting until full retirement age to begin taking benefits, unless you […]

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Hospital Status Can Affect Your Co-Pay Significantly

When you’re sick or injured, the last thing you need to worry about is whether your insurance will cover your hospital stay and any rehabilitation treatment you may require. Knowing how Medicare and its gap providers figure the ways in which they will (or won’t) pay on your claim can save you – or the […]

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Active Adults Choose Charities Wisely

Charity begins at home – or at least that’s how the old adage goes. When we downsize our home, our charitable contributions may become downsized as well, or perhaps scrutinized more closely. With kids living at home, there were school-related fundraising efforts: booster club, uniform drives, food drives, wrapping paper sales, cookies and popcorn, to […]

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Tax Tips for Baby Boomers

Every year brings new changes to the tax code, but a change of residence, employment, marital status, and age brings changes that can have a serious impact on your income tax returns, and having all of your information in order before visiting the CPA will save you time and – possibly – money. Change of […]

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