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Personal finance

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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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Higher Medicare premiums?

Some Medicare beneficiaries with high incomes are paying more for their Medicare Part B and D benefits in 2018 than ever before. While Medicare recipients have been paying higher premiums for several years, the MACRA legislation of 2015 changed the thresholds beginning this year. As a result, some high-income individuals are paying more this year…

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Navigating Long-term care

While you’re probably hoping to live in your home in good health without assistance as you age, according to the U.S. Department of Health and Human Services, someone turning age 65 has nearly a 70-percent chance of needing some form of long-term care in his or her lifetime. Long-term care is costly, and prices vary…

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FTC says Taxtime is scamtime

They’re at it again… tax scammers scheming new ways to steal personal information and money. In the first scenario, identity thieves file a fake tax return and have the refund deposited into your bank account. The thieves then contact you, often by phone, and — posing as the IRS or debt collectors for the IRS…

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