Money Tips for Seniors Toolbox

Online Investing…in Rock and Roll?

…And we’re not just talking vinyl. Older musicians, songwriters, producers and their families are selling off royalties to fund retirements – and investors are snapping up the rights hoping for a stream of regular income. With streaming services giving the once-ailing music business a major boost, buying and selling royalties has suddenly become big business…and…

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New phone scam targets seniors

Post-holiday bills bring extra financial pressures on everyone…even crooks. There’s a new hybrid scam called “spearfishing” that targets seniors with robo-calls or in-person phone scammers claiming to be from doctors, hospitals, insurers, Social Security, or banks. The FTC issued this advisory. “I’m calling from [pick any bank]. Someone’s been using your debit card ending in…

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You may have already won…a scam

It sounds terrific.  You’ve won a large cash prize and the money’s yours once you pre-pay the taxes. Or someone overpaid you for something you sold online.  Or you signed up for a ‘mystery shopper” gig and got paid more than you were owed due to a ‘bookkeeping error.”  Or you just got a job…

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Three views on financial planning

Retirees and those facing retirement probably spend more time thinking about money than any other time in their lives.  Some choose to go it alone, others look for a financial planner, some pick a middle course with a little of both. Since some experts predict that more older people will file for bankruptcy (one story about…

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medicare-card

Evaluating Medigap Insurance Options

Are you one of the 3.6 million boomers turning 65 this year? If so, it’s almost certain you have spent countless hours researching the Medicare coverage you’re now eligible for. Medicare is a national health insurance program provided by the federal government to those 65 and older and disabled individuals. And while you may think…

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password screen

New Scams on the horizon

According to the FBI statistics, adults aged 60 or more years lost more than $342 million as victims of internet scams in 2017; the statistic was part of the “2017 Internet Crime Report” released by the FBI’s Internet Crime Complaint Center. Senior Planet is running this update to alert our members, courtesy of Experian.    What…

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Find gigs online and earn extra cash

Looking to pick up some cash for post holiday bills? It might be time to try out the so-called “gig” or “sharing” economy. The gig economy is what economists call work arrangements that come without fixed hours, fixed salary or fixed benefits. The term originated with musicians, who’ve always called their jobs gigs. Now, though,…

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