Criminals Target Seniors with Covid-19 Scams

One of the sad realities of an emergency is that there are people who come out of the woodwork to take advantage of others by seeking to fleece them of their money or steal their identities. During the COVID-19 crisis, scammers are as busy as ever, and they are using this opportunity to especially target seniors, believing that they are …

Protect Your Retirement Against A Bear Market

Over the long run, the stock market has been a historically reliable generator of wealth for generations of investors. Over the short run, things are a lot more dicey. In fact, for investors who are relying on their investments for retirement income, a stock market crash at the wrong time can be devastating to individual financial plans. Here is a …

Reverse Mortgages: A Powerful Tool During the Pandemic Crisis

For many Americans, home equity is the single largest component of net worth. It can be a valuable contributor to retirement and financial well-being, especially during this pandemic and extraordinary time of monetary strain. The current economic conditions might make this a particularly interesting time for a reverse mortgage. What Exactly is a Reverse Mortgage? A reverse mortgage is a …

Coronavirus and Life Insurance, What You Need to Know

If you have life insurance and are concerned that it won’t pay out in case you pass from COVID-19, you can rest assured your loved ones will receive a payout. If you have not yet purchased coverage, it’s not too late. The good news: Life insurance is still very much available and, according to trade publication reports, there was a …

What to Do If You’re Worried About Stock Market Volatility

A volatile stock market is fine for the 20- and 30-somethings. It’s a different matter for people approaching retirement. Your retirement nest-egg should be a source of security and comfort to you. It shouldn’t be something that makes your blood pressure spike. If recent volatility is worrying to you, it may be time to take some action. The current coronavirus-driven …

Medicare Advantage, Part D Plans Get COVID-19 Leeway

The Centers for Medicare and Medicaid Services, CMS, has issued new guidance regarding how Medicare Advantage and Part D plans can respond to enrollees affected by the coronavirus outbreak. Under the guidance, the plans are authorized, but not required to waive out-of-pocket costs for testing, treatment and other services related to the coronavirus. The rules come on the heels of …

Six Coronavirus Tips for Retirees

As you already know, people over 60 are at higher risk for having complications if they contract COVID-19. And you surely know about the advice or orders to stay at home and self-isolate at this time to avoid risking infection. Even your grown children and grandchildren should not be popping over for visits. If you are self-isolating, there are a …