When it comes to life insurance there are 3 categories most people fall into:
- They don’t have it because they assume that it is going to be too expensive and they can’t afford it
- They think that since they did not purchase a policy earlier it will not accumulate enough money in the event they pass on.
- If they can’t afford life insurance they definitely would not have enough money for their burial expenses
If you are ever hospitalized there is a good chance that there will be expenses you will be responsible for beyond what your health plan covers.
If you suffer from a chronic or critical illness this could be devastating to your finances.
Participating in an employer sponsored plan such as a 401k is one of the simplest ways to accumulate savings for retirement.
Contributions made through paycheck deferrals are supposed to provide a steady savings over time, however that is not always the case.
One problem with this type of retirement savings system is that it is voluntary, meaning each individual employee decides if and how much to put in, and in what way to participate.
Unfortunately many of us are not in a position to understand what we need to save for retirement, or we didn’t start our retirement planning early enough in our careers that we do not accumulate enough to get us through our retirement.
We have all experienced it: that frantic moment when a thought crosses our mind about what would happen to our family if something were to happen with us.
We have all had these thoughts at some point or another. How would they pay the daily bills?
How quickly would your savings be wiped out due to a health emergency?
What about funeral expenses?
Are you prepared?
Treating depression in the elderly can be tricky thanks to cultural stereotypes and attitudes among our older generation that often views depression as a weakness, and not the disease it actually is.
September 10th through the 16th is National Suicide Prevention week, and today we would like to bring our readers attention to an important topic: Seniors and Suicide
We are so excited to feature what we think it is phenomenal website on our Company Blog Spotlight today: Senior Planet! Taken straight from their about page, “SeniorPlanet.org celebrates aging by sharing information and resources that support aging with attitude, and helps people who were born before the digital revolution to stay engaged and active by bringing digital-technology focus to a range of topics- among them news, health, sex and dating, art and design, senior style, travel and entertainment.