seniors http://www.wisebread.com/taxonomy/term/17682/all en-US Best Money Tips: Discounts for Seniors and Boomers http://www.wisebread.com/best-money-tips-discounts-for-seniors-and-boomers <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-discounts-for-seniors-and-boomers" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/senior_couple_shopping_487618611.jpg" alt="Senior couple shopping and getting discounts" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found articles on discounts for seniors and boomers, tips to help you have it all as a working mom, and how to make the most of your Spring getaway.</p> <h2>Top 5 Articles</h2> <p><a href="https://www.morewithlesstoday.com/12-retail-discounts-for-seniors/">Retail Discounts for Seniors &amp; Boomers</a> &mdash; You can be as young as 50 to take advantage of some of these discounts! [More With Less Today]</p> <p><a href="https://www.frugalfamily.co.uk/15-tips-help-working-mum/">15 tips to help you to &lsquo;have it all&rsquo; as a Working Mum</a> &mdash; Keep a stash of birthday cards and presents that you bought when they were on sale for those times when you need a last-minute gift. [The Diary of a Frugal Family]</p> <p><a href="https://www.popsugar.com/smart-living/Spring-Break-Tips-44631880">6 Secrets to Making the Most of Your Spring Getaway</a> &mdash; Resist checking your inbox while you're on vacation. Set down your devices, be present, and connect with your surroundings. [PopSugar Smart Living]</p> <p><a href="https://www.popsugar.com/smart-living/Spring-Break-Tips-44631880">11 Easy Money Lessons You Need To Learn To Be Rich</a> &mdash; It's important to track your net worth if you want to see a clear picture of your financial health. [Mad Money Monster]</p> <p><a href="https://thetinylife.com/how-to-start-homesteading-on-a-budget/">How To Start Homesteading On A Budget</a> &mdash; Before you try to tackle homesteading on a larger piece of land, start small and build your skills right where you are. [The Tiny Life]</p> <h2>Other Essential Reading</h2> <p><a href="http://thesimplewhiterabbit.com/2018/03/09/overcrowded-closet/">Overcrowded Closet? Seven Ways to Declutter Clothes and Accessories</a> &mdash; Use the &quot;hanger test&quot; to help you see which clothes you haven't worn in a year. [The Simple White Rabbit]</p> <p><a href="https://www.frugalrules.com/build-wealth-outside-the-stock-market/">5 Proven Ways to Build Wealth Outside the Stock Market</a> &mdash; Investing in stocks is not the only way to grow your money. Remember, diversification is key! [Frugal Rules]</p> <p><a href="https://fabulesslyfrugal.com/75-no-sugar-easter-basket-filler-ideas/#.WqL21oJG3BI">90+ No-Sugar Easter Basket Filler Ideas!</a> &mdash; Limit your kids' sugar intake this Easter by replacing the candy in their baskets with these sugar-free alternatives. [Fabulessly Frugal]</p> <p><a href="https://www.pickthebrain.com/blog/get-over-a-bad-day-in-8-easy-tips/">Get Over a Bad Day with 8 Easy Tips</a> &mdash; When you're having a bad day, taking a cold shower can help you feel better! [Pick The Brain]</p> <p><a href="https://www.csmonitor.com/Business/2018/0309/Changes-in-sick-leave-laws-allow-workers-to-care-for-chosen-family">Changes in sick-leave laws allow workers to care for 'chosen family'</a> &mdash; It used to be that workers can only use sick days to care for their immediate family, but in the past two years, more US cities and states have passed laws allowing workers to use sick days to care for anyone who's like family to them. [The Christian Science Monitor]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/amy-lu">Amy Lu</a> of <a href="http://www.wisebread.com/best-money-tips-discounts-for-seniors-and-boomers">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-social-media-tricks-you-into-spending-more">8 Ways Social Media Tricks You Into Spending More</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-greatest-story-ever-sold-is-a-fantasy-covered-in-blood">The Greatest Story Ever Sold is a Fantasy Covered in Blood</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/the-best-5-credit-cards-for-groceries">The Best Credit Cards for Groceries</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/15-things-you-should-buy-at-costco">15 Things You Should Buy at Costco</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-small-monthly-bills-slowly-wreck-your-annual-budget">How Small Monthly Bills Slowly Wreck Your Annual Budget</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Shopping baby boomers best money tips seniors Mon, 12 Mar 2018 09:30:21 +0000 Amy Lu 2116257 at http://www.wisebread.com 7 Surprising Ways Retirement Has Gotten Easier http://www.wisebread.com/7-surprising-ways-retirement-has-gotten-easier <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/7-surprising-ways-retirement-has-gotten-easier" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/for_the_love_of_dance.jpg" alt="For the love of dance" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>If you read the financial headlines, you'll get the sense that retirement may be a disaster for many Americans. With a decline in employer-provided pensions and uncertainty over the future of government benefits, many older Americans are rightfully concerned about whether they will be able to retire comfortably.</p> <p>But there is considerable evidence that the experience of retiring is actually much better than in the past. Medical advancements are helping people live longer, and technology is helping to keep seniors connected to the world. And there are more resources for retirees than ever before. (See also: <a href="http://www.wisebread.com/how-to-overcome-these-4-common-retirement-fears?ref=seealso" target="_blank">How to Overcome These 4 Common Retirement Fears</a>)</p> <p>Let's examine these ways in which retirement has improved.</p> <h2>1. It's lasting longer</h2> <p>There was a time not too long ago when people would work into their 60s and pass away within a decade or so. But these days, it's not uncommon for people to retire at age 60 and live another 30 years or more. Statistics from the Social Security Administration show that the average 65-year-old man will live another 19 years in retirement, up from 15 years two decades ago. That's a lot of time to travel, connect with the grandkids, and pursue all of the hobbies and interests you've been neglecting. While this longer retirement places pressure on people to save more, it's obviously a boon to seniors who have worked hard and deserve a lengthy retirement. (See also: <a href="http://www.wisebread.com/5-ways-american-retirement-is-changing?ref=seealso" target="_blank">5 Ways American Retirement Is Changing</a>)</p> <h2>2. Your living options are better</h2> <p>As the population has gotten older, there has been a recognition that older citizens need different kinds of living arrangements that offer them support while still preserving independence. There is now a whole growing industry surrounding assisted living and elder care that involves more than just nursing homes. Older people have the option of living at home with some help, or moving into special communities that allow them to live freely while having access to care as they need it. In many cases, older people can move into a community while they are still healthy and active, and remain there as they begin to need more care. While some of these arrangements can be expensive, they have allowed many seniors to maintain an active lifestyle and remain connected socially well into their retirement years. (See also: <a href="http://www.wisebread.com/a-granny-pod-may-be-the-smartest-way-to-care-for-an-elderly-parent?ref=seealso" target="_blank">A Granny Pod May Be the Smartest Way to Care for an Elderly Parent</a>)</p> <h2>3. The internet has kept us connected</h2> <p>Seniors can FaceTime with their grandkids. They can watch YouTube videos to get gardening or cooking tips. They can use the internet for genealogy research, and share photos of their travels. There are even dating apps for older singles. While technology is moving fast and not always user-friendly for seniors, our new connected way of life has benefited older Americans by expanding their options for activities and keeping them less isolated. The Pew Research Center this year reported that 58 percent of seniors feel that technology has had a positive benefit on society, and nearly half say broadband internet access is an important thing to have.</p> <h2>4. Travel is easier</h2> <p>While it's true that airport security has made air travel more hectic in recent years, there are other aspects of travel that have gotten easier for seniors. The internet has made booking flights and hotels effortless, and competition among online travel sites has made it easier to find great prices. The explosion of the cruise industry has been great for seniors, and touring companies have become smarter about accommodating the various needs of older travelers. The World Economic Forum also noted that transportation infrastructure improvements worldwide has made traveling easier for seniors over the years. (See also: <a href="http://www.wisebread.com/6-ways-travel-in-retirement-keeps-you-young?ref=seealso" target="_blank">6 Ways Travel in Retirement Keeps You Young</a>)</p> <h2>5. Health care is better</h2> <p>Yes, there are still problems with our health care system. But there's no mistaking that we've made great progress over the years in identifying and treating many ailments and diseases. We've also made it easier for seniors to access and afford care. Consider that before 1965, older Americans did not have access to Medicare to help pay for care and treatments, and it was not until 2006 when a prescription drug benefit became available. All of this has not only helped many people live longer, but maintain a more active and healthy lifestyle deep into retirement. (See also: <a href="http://www.wisebread.com/follow-these-5-steps-to-full-health-care-coverage-in-retirement?ref=seealso" target="_blank">Follow These 5 Steps to Full Health Care Coverage in Retirement</a>)</p> <h2>6. It's no longer all or nothing</h2> <p>It used to be that retirement was a 100 percent proposition. It was either work full-time, or not at all. Now, seniors can ease their way into retirement, or even stay merely semiretired, thanks to the growth of freelance work and the &quot;gig&quot; economy. The internet has opened up more opportunities for freelance writing and consulting. Uber, the popular ride sharing company, estimates that 25 percent of its drivers are over age 50. And retailers including Amazon are increasingly seeking seasonal help that might offer opportunities for older people. (See also: <a href="http://www.wisebread.com/6-great-retirement-jobs?ref=seealso" target="_blank">6 Great Retirement Jobs</a>)</p> <h2>7. People are looking out for you</h2> <p>In the last half century or so, there's been growth in the number of organizations advocating for older citizens. There's the American Association of Retired Persons (AARP), which has become one of the most powerful advocacy groups in the country. There's the Village to Village Network, which encourages the formation of thriving communities for seniors. Meanwhile, local governments have formed agencies specifically dedicated to the lives of senior citizens in their communities. While there is always debate about whether we can do more for older citizens, there's no doubt that resources have become more plentiful and available over the years.</p> <h2 style="text-align: center;">Like this article? Pin it!</h2> <div align="center"><a data-pin-do="buttonPin" data-pin-count="above" data-pin-tall="true" href="https://www.pinterest.com/pin/create/button/?url=http%3A%2F%2Fwww.wisebread.com%2F7-surprising-ways-retirement-has-gotten-easier&amp;media=http%3A%2F%2Fwww.wisebread.com%2Ffiles%2Ffruganomics%2Fu5180%2F7%2520Surprising%2520Ways%2520Retirement%2520Has%2520Gotten%2520Easier.jpg&amp;description=7%20Surprising%20Ways%20Retirement%20Has%20Gotten%20Easier"></a></p> <script async defer src="//assets.pinterest.com/js/pinit.js"></script></div> <p style="text-align: center;"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/u5180/7%20Surprising%20Ways%20Retirement%20Has%20Gotten%20Easier.jpg" alt="7 Surprising Ways Retirement Has Gotten Easier" width="250" height="374" /></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/7-surprising-ways-retirement-has-gotten-easier">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/heres-how-far-1-million-will-actually-go-in-retirement">Here&#039;s How Far $1 Million Will Actually Go in Retirement</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-longevity-is-changing-retirement-planning-and-what-to-do-about-it">5 Ways Longevity Is Changing Retirement Planning (And What to Do About It)</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-overcome-these-4-common-retirement-fears">How to Overcome These 4 Common Retirement Fears</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-things-your-financial-planner-isnt-telling-you-about-retirement">5 Things Your Financial Planner Isn&#039;t Telling You About Retirement</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/a-simple-guide-to-planning-for-a-loved-ones-long-term-care">A Simple Guide to Planning For a Loved One&#039;s Long-Term Care</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement aarp elderly health care improvements life span lifestyle long term care longevity seniors technology travel Fri, 26 Jan 2018 10:00:10 +0000 Tim Lemke 2091492 at http://www.wisebread.com A Simple Guide to Planning For a Loved One's Long-Term Care http://www.wisebread.com/a-simple-guide-to-planning-for-a-loved-ones-long-term-care <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/a-simple-guide-to-planning-for-a-loved-ones-long-term-care" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-179165125.jpg" alt="" title="" class="imagecache imagecache-250w" width="250" height="142" /></a> </div> </div> </div> <p>As we get older, so do our parents and other loved ones. In some cases, that may mean they'll require long-term care, especially if they fall ill. When this happens, families are faced with a tough decision: hand over the reins to a nursing facility, or manage their care from the comfort of their homes. There's no shame in either decision. But there are several important things to consider when planning for long-term care.</p> <h2>Weigh Your Options Well Ahead of Time</h2> <p>Perhaps the most vital part of planning for long-term care is that you're well prepared. Making hasty decisions on how to provide your loved one with the care they'll need when they're no longer able to care for themselves will not only be stressful for you, but also for them. You'll want to make sure your loved one is provided with the quality of life they deserve. Certainly, ailments can befall your loved one unexpectedly that will require quick decision making, but if you can help it at all, it's best to investigate your options before you're faced with a crisis. That way, you can enter the situation with a clear head, prepared to make the right choices.</p> <h2>Discuss Insurance Options With Your Loved One<strong> </strong></h2> <p>Talking about long-term care with your loved one, especially a parent, is not an easy conversation. But as difficult as it may be, it's necessary. There are financial implications to consider, which will be somewhat lessened (hopefully) with insurance.</p> <p>Jeff Salter is the CEO and founder of Caring Senior Service, a national in-home care service, and he suggests planning a discussion about insurance options, including what your loved one may already have, and what you both may need moving forward.</p> <p>Long-term care insurance can still be expensive in and of itself, and costs only increase with age. Many advise that people purchase a plan in their 50s before any major medical issues arise &mdash; and even then, it's not cheap. For example, the American Association for Long-Term Care Insurance estimates an insurance policy offering $164,000 in immediate coverage would cost a healthy, 55-year-old male approximately $1,060 a year. A healthy female of the same age could expect to pay approximately $1,390 a year for the same coverage. The sooner you can lock into one of these policies, the better. (See also: <a href="http://www.wisebread.com/is-long-term-care-insurance-worth-it?ref=seealso" target="_blank">Is Long Term Care Insurance Worth It?</a>)</p> <h2>Find Alternative Ways to Pay Without Insurance<strong> </strong></h2> <p>In the worst-case scenario, you don't have the option of long-term care insurance. This can be a daunting prospect, but it's not the end of the world. Salter suggests two solutions that will provide monthly income that can go toward the cost of care.</p> <p>The first is cash value for life insurance, which is essentially the cash amount offered to the policy owner by the issuing life carrier upon cancellation of the contract.</p> <p>The second is taking out a reverse mortgage on the elderly family member's house.</p> <p>&quot;With [the second] option, seniors can remain at home while receiving monthly income that goes toward all of the healthcare-related expenses,&quot; he says. &quot;There are no ongoing costs, and seniors cannot be forced to leave their homes should they outlive the payments from the loan.&quot; (See also: <a href="http://www.wisebread.com/how-to-avoid-getting-scammed-with-a-reverse-mortgage?ref=seealso" target="_blank">How to Avoid Getting Scammed With a Reverse Mortgage</a>)</p> <h2>4. Consider the Cost of Home Modification<strong> </strong></h2> <p>When your loved one falls ill, it may limit their ability to function as they once did. This could mean that they're confined to a single floor in the home. Third-party care facilities take these safety measures into account for limited-mobility patients, but if you're providing long-term care in your own residence, you may need to outfit the home so it's more elderly-friendly.</p> <p>&quot;If the decision is to have the long-term care in the current residence, the family might need to plan for modifications to the home for either specialized medical equipment or for access issues around bathrooms, kitchens, and getting in and out of the house,&quot; explains John Bodrozic, co-founder of HomeZada, which specializes in digital home management. &quot;These could be things like ramps for wheelchairs, bathtubs with access doors, nonslip flooring, and other modifications, depending on the occupant's specific needs.&quot;</p> <h2>5. Factor in Home Maintenance<strong> </strong></h2> <p>If the care of your loved one takes place in their own residence &mdash; whether by you, another loved one, or hired help &mdash; it's keen to remember that someone will be tasked with maintaining the property for hygiene, safety, and resale value reasons.</p> <p>&quot;Things like cleaning leaves from gutters, replacing smoke detector batteries, and changing air filters are simple tasks, but usually require ladders. It's not suitable for people with long-term medical issues to handle these tasks,&quot; Bodrozic says.</p> <p>You may be able to handle these tasks on your own, but if these are projects that you plan to farm out to hired help, you'll need to include the costs in your monthly care budget.</p> <h2>6. Let a Professional Help You<strong> </strong></h2> <p>If you don't know what you're doing with regards to long-term care, don't freak out &mdash; you're not alone. Most people who are faced with this situation are first-timers are who overwhelmed with not only accepting the fate of a loved one, but trying to accommodate them as best as possible so they can live out their days in comfort.</p> <p>Daniel Sagal is a senior living adviser at Los Angeles-based Total Senior, which focuses on health care planning and services for seniors. If you don't think you're equipped to make the best decision, or you're having trouble coming to grips with it all, he suggests consulting someone who can help you through it, like a senior care adviser or care manager. Some services are free while others require fees, he says, but both will typically help families navigate the options for senior care.</p> <h2>7. Beware of Scams<strong> </strong></h2> <p>Like a lot of industries, there are people out there gunning to take advantage of you, and it's not terribly hard to become a victim of a scam when your emotions are already on the fritz.</p> <p>Sagal explains.</p> <p>&quot;...Before providing your information or allowing someone to guide you to senior care options, be sure to do your research. Look at their online reviews, make sure they have a credible website with real information/content, ask for references, and check around with health care professionals.&quot;</p> <p>Doing your due diligence now can ensure a more comfortable situation for everyone later.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/mikey-rox">Mikey Rox</a> of <a href="http://www.wisebread.com/a-simple-guide-to-planning-for-a-loved-ones-long-term-care">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-a-family-members-finances-long-distance">How to Manage a Family Member&#039;s Finances Long Distance</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/6-ways-to-ease-your-parents-into-assisted-living">6 Ways to Ease Your Parents Into Assisted Living</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-ways-to-make-long-term-care-more-affordable">5 Ways to Make Long-Term Care More Affordable</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-manage-your-money-during-a-spousal-separation">How to Manage Your Money During a Spousal Separation</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-protect-elderly-loved-ones-from-financial-scams">How to Protect Elderly Loved Ones From Financial Scams</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Personal Finance Family advisers caregivers elderly health care home care life insurance long-term care nursing homes parents relatives seniors Tue, 14 Feb 2017 10:30:32 +0000 Mikey Rox 1889845 at http://www.wisebread.com 9 Unexpected Expenses for Retirees — And How to Manage Them http://www.wisebread.com/9-unexpected-expenses-for-retirees-and-how-to-manage-them <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/9-unexpected-expenses-for-retirees-and-how-to-manage-them" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/grandparents_with_grandchild_000017586301.jpg" alt="Retiree couple learning how to manage unexpected expenses" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>So you've made the decision to retire. Congratulations! All that hard work and saving has paid off, and now you're ready to relax.</p> <p>If you've worked all your life and were diligent about saving, you may have most of your life expenses covered and funds saved for long-term care as you get older. And for the most part, retirees find that their overall expenses decline as they age. But there still could be unexpected costs that you haven't taken into account.</p> <p>Here are nine things that might hit your wallet harder now that you're retired:</p> <h2>1. Health Insurance</h2> <p>Yes, you may be getting Medicare, but that doesn't cover everything. Many retirees find that to get proper coverage, they will need to pay for a Medicare supplement. And even if you are covered under Medicare Part B, you may have to pay co-payments and deductibles. Older citizens should budget for additional <a href="http://www.wisebread.com/avoid-these-5-costly-health-insurance-mistakes">healthcare costs</a>, even if they believe they are fully covered.</p> <h2>2. Childcare</h2> <p>You thought you were done with childrearing? Think again. According to the Census bureau, about <a href="https://www.census.gov/prod/2013pubs/p70-135.pdf">23% of preschoolers</a> are cared for at least part time by a grandparent. Now that you're retired, you are more available to help with occasional babysitting or even full-time childcare for the grandkids. You're doing it out of love, but you may incur expenses ranging from extra food, kids' clothes, furniture, and kids' activities.</p> <p>If you're worried about the costs, be honest with the children's parents about how much you're spending and ask that they contribute. If the kids have certain favorite foods they like to eat at your house, buy those items in bulk. (My grandmother used to have a seemingly unlimited supply of chicken noodle soup for when I came over.) And don't be afraid to have the kids play with older and used toys, because there's a good chance they won't know the difference.</p> <h2>3. Utilities</h2> <p>When you went to work, there was no need to keep the AC or the furnace going during the day. But now that you're home, you may be adjusting that thermostat to make things more comfortable. (And this is exacerbated by the fact that older people are generally more sensitive to cold.) Plus, you may watch TV, use the computer, and run the appliances more often. All of this can add up to higher utility bills. Consider keeping the house at a slightly warmer temperature in the summer and slightly cooler in winter. You'll get used to it. Also, make the switch to LED light bulbs, and look into finding the most energy-efficient appliances you can buy.</p> <h2>4. Car Insurance</h2> <p>Auto insurance rates generally decline between the ages of 25 and 65, but they increase after that. That's because insurance companies view older drivers as a bigger risk, due to impaired vision, other physical problems, or decline in cognitive function. For older drivers, it pays to shop around for the best rates and even take a driving refresher course to prove you're still good behind the wheel.</p> <h2>5. Car Maintenance and Gas</h2> <p>When you were working, maybe you had a short commute or simply walked to the train station. Now, you're home all day and running to see friends, take care of grandkids, or volunteer. You would be surprised how much more you drive in retired life.</p> <p>To keep these costs in check, buy a small vehicle that suits your needs or even consider an electric or hybrid car. And when you do drive, plan your errands and trips strategically to cut down on excess mileage. Many retirees are also moving back into cities, where they can get around without a car at all. But be careful; moving to the city can be expensive. Speaking of...</p> <h2>6. Urban Living</h2> <p>The Washington Post reported that between 2000 and 2010, more than a million baby boomers moved to within five miles of a city center. Empty nesters no longer have to concern themselves with yard size, school districts, or other factors that keep them in the suburbs. But city living can be expensive. Housing costs more, and there's a temptation to spend money when you're surrounded by great restaurants, theatres, museums, and shopping. You might offset some of this expense with reduced transportation costs, but it you still may want to monitor your spending.</p> <h2>7. Charitable Giving</h2> <p>Older people tend to be very generous, and use some of their retirement savings to give back to causes that they've always wanted to support. According to Morningstar, charitable giving rates are relatively small and steady up until age 60. After that, giving comprises an increasing percentage of a person's annual expenses &mdash; up to 20% for America's oldest citizens. It's great to give, but be sure you can still cover your day-to-day costs and have enough saved for a long life. Consider donating shares of stock instead of cash, as you can avoid capital gains taxes and won't dip into your everyday savings.</p> <h2>8. Lawn Care and Landscaping</h2> <p>You always liked mowing your own lawn and doing your own yard work, but as you've gotten a little older, keeping up with the property isn't as easy as it once once. There's no shame in hiring someone to cut the grass or do some landscaping, but that work isn't free. Getting your lawn mowed might cost you $35&ndash;$40 each time, resulting in hundreds of dollars each month. To save money, do as much yard maintenance as you can on your own as long as you feel you are able. When you need help, seek out a neighbor or grandkid who might do it for free or cheap. (Heck, mowing my grandfather's lawn was the first paid gig I ever had.)</p> <h2>9. More Expensive Travel</h2> <p>You saved all your life to finally take a few big trips in retirement. And that's great, but be sure to take into account some extra expenses you might incur as an older citizen. For one thing, travel insurance is more expensive for older folks, because they are statistically more likely to cancel trips due to health-related problems. And even if you do go on a trip, you may find yourself paying extra for transportation or luggage handling when you may have previously taken care of things yourself. Be sure to factor in these extra costs when booking your next adventure.</p> <p><em>How is retirement costing you more than you expected?</em></p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/tim-lemke">Tim Lemke</a> of <a href="http://www.wisebread.com/9-unexpected-expenses-for-retirees-and-how-to-manage-them">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-are-people-retiring-in-their-30s">How Are People Retiring in Their 30s?!</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-to-face-these-7-scary-facts-about-retirement-saving">How to Face These 7 Scary Facts About Retirement Saving</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-countries-where-you-can-retire-for-1000-a-month">5 Countries Where You Can Retire for $1,000 a Month</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-saving-money-is-harder-today">Why Saving Money Is Harder Today</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-questions-retirees-should-ask-before-starting-a-small-business">5 Questions Retirees Should Ask Before Starting a Small Business</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Retirement child care elder care expenses insurance older americans seniors Mon, 30 Nov 2015 14:00:25 +0000 Tim Lemke 1616759 at http://www.wisebread.com Best Money Tips: Money Saving Tips for Seniors http://www.wisebread.com/best-money-tips-money-saving-tips-for-seniors <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-money-saving-tips-for-seniors" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/seniors-finances-2709946-small_0.jpg" alt="finances" title="finances" class="imagecache imagecache-250w" width="250" height="141" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on money saving tips for seniors, avoiding online rental scams, and getting out of debt.</p> <h2>Top 5 Articles</h2> <p><a href="http://moneyning.com/retirement/money-saving-tips-for-seniors/">Money Saving Tips for Seniors</a> &mdash; To save money, seniors can take advantage of senior discounts and check into lowering their taxes. [MoneyNing]</p> <p><a href="http://www.moneytalksnews.com/2013/06/14/5-online-rental-scams-and-how-to-avoid-them/">5 Online Rental Scams and How to Avoid Them</a> &mdash; Avoid the online rental scam of fake rentals by not filling out forms and checking the address listed in the ad. [Money Talks News]</p> <p><a href="http://www.freemoneyfinance.com/2006/05/how_to_get_out__1.html">How to Get Out of Debt</a> &mdash; If you want to get out of debt, shopping around for everything can help you achieve your goal. [Free Money Finance]</p> <p><a href="http://money.msn.com/saving-money-tips/post.aspx?post=eaf42b03-d4ef-4937-86b4-82f37875ae51&amp;ref=bfv">What a New Grad Actually Needs</a> &mdash; Paying the premium for a month of auto insurance is a great gift for a new grad. [MSN Money]</p> <p><a href="http://www.brazencareerist.com/blog/2015/05/29/want-a-career-change-but-worried-about-finances-heres-how-to-prepare/">Want a Career Change, But Worried About Finances? Here’s How to Prepare</a> &mdash; If you plan on making a career change, it's a good idea to start spending less than what you make. [Brazen Careerist]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.creditsesame.com/blog/cash-gift-for-a-down-payment/"> 4 Rules to Follow When Using a Cash Gift for a Down Payment</a> &mdash; When using a cash gift for a down payment, know the tax code. [Credit Sesame]</p> <p><a href="http://www.savvysugar.com/Things-You-Should-Never-Say-Work-30713160">Things You Should Never Say at Work</a> &mdash; Try to avoid using the words &quot;um&quot; and &quot;impossible&quot; at work. [PopSugar Smart Living]</p> <p><a href="http://www.bargaineering.com/articles/teaching-grads-about-real-world.html">Your Take: Teaching New Graduates About the Real World</a> &mdash; Getting your new graduate a consultation with a financial advisor may be a great way to help teach them about the real world. [Bargaineering]</p> <p><a href="http://www.kiplinger.com/article/retirement/T003-C000-S004-4-annuity-mistakes-to-avoid.html">4 Annuity Mistakes to Avoid</a> &mdash; Don't make the annuity mistake of withdrawing too much money. [Kiplinger]</p> <p><a href="http://parentingsquad.com/how-to-not-raise-a-spoiled-brat">How to Not Raise a Spoiled Brat</a> &mdash; If you want to avoid raising a spoiled brat, teach your child to give and use an allowance. [Parenting Squad]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-money-saving-tips-for-seniors">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-good-writing-skills-saves-and-earns-money">How good writing skills save and earn money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-calls-you-can-make-now-to-save-hundreds-to-thousands-of-dollars">Five calls you can make now to save hundreds to thousands of dollars</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/in-times-like-these-separate-the-want-from-the-need">In times like these, separate the want from the need.</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/frugal-or-just-plain-wrong">Frugal... or just plain wrong?</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-ways-clutter-keeps-you-poor">8 Ways Clutter Keeps You Poor</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Frugal Living best money tips money saving seniors Mon, 17 Jun 2013 10:00:31 +0000 Ashley Jacobs 978157 at http://www.wisebread.com Best Money Tips: Income Ideas for Seniors http://www.wisebread.com/best-money-tips-income-ideas-for-seniors <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/best-money-tips-income-ideas-for-seniors" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/senior-5149897-small.jpg" alt="senior" title="senior" class="imagecache imagecache-250w" width="250" height="167" /></a> </div> </div> </div> <p>Welcome to Wise Bread's <a href="http://www.wisebread.com/topic/best-money-tips">Best Money Tips</a> Roundup! Today we found some fantastic articles on income ideas for seniors, frugal gifts for Mother's Day, and signs it's time to look for a new job.</p> <h2>Top 5 Articles</h2> <p><a href="http://onecentatatime.com/income-ideas-for-senior-retired-elderly/">21 Income Ideas for Senior and Retired Persons</a> &mdash; To make some extra income, seniors and retired persons can register with temporary employment agencies. [One Cent At A Time]</p> <p><a href="http://bargainbabe.com/frugal-gifts-for-mothers-day-may-2013/">Frugal Gifts For Mother's Day</a>&nbsp;&mdash; This Mother's Day, consider giving your mom a mix cd or homemade photo coasters. [Bargain Babe]</p> <p><a href="http://financialhighway.com/5-signs-its-time-to-look-for-a-new-job/">5 Signs It's Time to Look for a New Job</a> &mdash; It may be time to look for a new job if you have no hope of advancement. [Financial Highway]</p> <p><a href="http://www.consumerismcommentary.com/8-scientifically-proven-principles-of-happiness/">8 Scientifically Proven Principles of Happiness</a> &mdash; Buying experiences instead of things and thinking about what you aren't thinking about can help make you happy. [Consumerism Commentary]</p> <p><a href="http://www.thesimpledollar.com/2013/05/07/the-frugal-childs-birthday/">The Frugal Child's Birthday</a> &mdash; It is possible for your child to have a cheap but fun birthday party. Consider buying some inexpensive water guns and having a water gun party! [The Simple Dollar]</p> <h2>Other Essential Reading</h2> <p><a href="http://www.savvysugar.com/Uses-Club-Soda-30394321">10 Extraordinary Uses For Ordinary Club Soda</a> &mdash; Did you know club soda can be used to remove rust? [PopSugar Smart Living]</p> <p><a href="http://www.freemoneywisdom.com/what-can-you-do-if-you-cant-keep-up-with-the-rent/">What can You do if You can't Keep up with the Rent?</a> &mdash; If you can't make the rent for the month, ask your landlord for an extension or ask for an advance on your paycheck. [Free Money Wisdom]</p> <p><a href="http://parentingsquad.com/19-loving-gifts-of-service-for-mom">19 Loving Gifts of Service for Mom</a> &mdash; If you need something to do for your mom this Mother's Day, prepare dinner or schedule a spa day for her. [Parenting Squad]</p> <p><a href="http://www.stretcher.com/stories/12/12may07m.cfm?slider">Preventing Summer Crime</a> &mdash; To prevent summer crime, put your lights on timers or get a &quot;Beware of Dog&quot; sign. [The Dollar Stretcher]</p> <p><a href="http://www.freemoneyfinance.com/2013/05/our-communication-and-entertainment-changes.html">Our Communication and Entertainment Changes</a> &mdash; It is often best for your wallet to go with bundled services. [Free Money Finance]</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/ashley-jacobs">Ashley Jacobs</a> of <a href="http://www.wisebread.com/best-money-tips-income-ideas-for-seniors">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-2"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/is-six-figures-really-that-much">Is Six Figures Really That Much?</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/5-surprising-ways-social-media-stars-make-money">5 Surprising Ways Social Media Stars Make Money</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/how-your-new-job-might-affect-your-mortgage-application">How Your New Job Might Affect Your Mortgage Application</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/five-j-o-b-s-that-aren-t-that-b-a-d">Five J.O.B.’s That Aren’t That B.A.D.</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/getting-by-without-a-job-part-2-boost-income">Getting by without a job, part 2--boost income</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Career and Income best money tips income retired retirees seniors Wed, 08 May 2013 10:00:35 +0000 Ashley Jacobs 973945 at http://www.wisebread.com