Senior Services Guide

Senior Services Section


 

Senior Services Navigation


|

Senior Living Home Page
Partners
Tell A Friend about us
Care Connections Of Senior Services |
Marriott Senior Living Services |
Senior Services New York |
Bienvivir Health Senior Services |
Missouri Department Health Senior Services |
Legal Senior Services |
Dept Health Mo Senior Services |
Northpoint Senior Services |
Senior Singles Services |
Senior Transportation Services |
Free Senior Dating Services |
Referral Senior Services |
Department Health Missouri Senior Services |
Senior Legal Services |
Senior Relocation Services |

List of Senior-Services Articles
List of Senior-Services Links


Senior Services Best seller

Buy it Now!



Social bookmarking
You like it? Share it!
socialize it

Newsletter

Subscribe to our newsletter AND receive our exclusive Special Report on Senior-Services
Email:
First Name:



Main Senior Services sponsors

Senior Services
 

Latest Senior Services link added

...

Submit your link on Senior Services!



 

Welcome to Senior Services Guide

 

Senior Services Article

Thumbnail example

This is a selection made from among articles on Senior Services. For a permanent link to this article, or to bookmark it for future reading, click here.

Financial Services For Seniors

from:

Seniors have a myriad of financial decisions they need to make as they approach retirement age. Those that had retirement accounts need to determine how to access the funds so that they will last the rest of their lifetimes. Others may be wondering what the financial implications of early retirement will be for them. Health issues may have increased and eaten more of the family budget, but empty nesters will have less household needs. Some may even decide to downsize their home or move to a retirement-friendly state or community. Others will try to maintain part-time employment in a field they enjoy. All these decisions require careful financial foresight and planning before one actually takes the plunge and retires. A review of the financial services for seniors is a must for those wanting to retire with some degree of comfort or security.

Retirement Planning

Many financial planners and employers offer free consultations or retirement information and financial services for seniors. Take advantage while you are still employed to learn the ins and outs of 401Ks, pensions, IRAs, and other retirement wealth vehicles. Begin to take stock of how much you expect to receive from Social Security and how much from other sources. Write your current budget and assume it will be 20% to 30% less after retirement.

Health Issues

The government has many social services available to seniors in the form of Medicare and Medicaid. The eligibility requirements can change with legislation, but typically one must be 65 years of age to receive benefits from either program. Medicaid is need based and so even though one is 65 years of age, one might not be eligible. Medicare can come with monthly premiums and so would need to be included in a retireeís expenses once they retire. In addition, other long-term health care plans will need to be included in your financial planning so that you donít outlive your financial resources.

Reallocation of Assets

A financial planner can review what plans you have in retirement. Whether itís to move to a different state, downsize your home, or start a new business. Todayís seniors are very active and with such activity come expenses. Any business offering financial services for seniors will want to gauge the lifestyle needs of their client and try to gear a financial plan to those needs. All assets including cash bank accounts, real estate, stocks and bonds can be reviewed and recommendations given on whether to keep as they are or reallocate them to investments that hold less risk with a good rate of return.

These are three of the major financial services for seniors, but there are still many more that should be taken into account. Legal obligations or protection may need to be included. Estate planning in the event of heirs and tax considerations is also important. Finding a business that offers sound financial services for seniors can lay a good foundation for plenty of secure and fruitful years of retirement.


Other Senior Services related Articles

46 Home Senior Services
42 Dating Services For Seniors
47 Transportation Senior Services
50 Senior Legal Services
45 Financial Services For Seniors

Do you want to contribute to our site : submit your articles HERE


 

Senior Services News

No relevant info was found on this topic.