Senior Life
News & information for the seniors in our community

sponsored by Friendship Manor


Seniors shoulder a surprisingly large credit card debt burden

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[January 28, 2011]  ARA) - Younger generations of Americans have long looked up to their elders as paragons of good financial common sense. The "Greatest Generation" managed to get through the country's toughest economic conditions with a dogged attitude about saving and minimal spending. So it's surprising to find out that many seniors are facing high levels of credit card debt. (Click here for the rest of the story)


Living with Rejection...by the Baseball Hall of Fame

 

By Mike Fak

My son has told me that although I am a real old timer, I am on occasion fairly interesting. I agree with Tim. Unfortunately sometimes the interesting things that I do or have happen to me aren't exactly beneficial. (Click here for the rest of the story)


Aging in place allows you to keep your heart at home

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[January 28, 2011]  (ARA) - Home really is where the heart is. Upon retirement - when all of their children have moved out of the house - 90 percent of Americans age 60 and older choose to stay right where they are, according to 20 years of data from the U.S. Census Bureau. (Click here for the rest of the story)


Counterfeit check Scams:
Throw that fake check away!

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[January 28, 2011]  Illinois Attorney General Lisa Madigan
Con artists never grow tired of using counterfeit check scams to take your money. Many of the fake checks created today look so real that they even fool bank tellers. Don’t let them fool you! By learning to recognize the signs of a counterfeit check scam, you can avoid becoming another victim of this common rip-off. (Click here for the rest of the story)


IEMA highlights preparedness for people with functional needs Guidebook offers tips to help people with functional needs and their caregivers plan for emergencies

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[January 28, 2011]  SPRINGFIELD – While every home should have a disaster preparedness kit stocked with such items as a flashlight, bottled water and a first-aid kit, emergency preparedness is even more critical for households with members who have functional needs. (Click her for the rest of the story)


Read this if you plan to retire soon 

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[January 28, 2011]  Planning to retire in early 2011?  It may already be time to apply. 

Applying for benefits is easier than you think.  Especially if you do it online at www.socialsecurity.gov.  The Social Security website makes the process easy and convenient. (Click here for the rest of the story)


Beware of Tax Refund Loans

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[January 28, 2011]  What Is a Tax Refund Loan?

A tax refund loan is an extremely short-term loan that you apply for through your tax preparer, using your anticipated tax return as security. Tax preparers prefer the term “instant tax refund” to describe these loans, but make no mistake: an “instant tax refund” is a LOAN, with all of the costs and fees associated with borrowing money—and then some. Also, you will NOT get your refund that much faster if you take out one of these expensive loans. They simply aren’t worth the price. (Click here for the rest of the story)

 


Keep Social Security in the loop to avoid improper payments

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[January 28, 2011]  If you are receiving Social Security disability benefit payments, it is important to notify us promptly — either in person, by phone, or by mail — whenever a change occurs that could affect your benefits. This is especially true when reporting other income. Errors occur when you fail to report certain types of income timely. If you do not report these amounts, you may have to repay a large part of your benefits. (Click here for the rest of the story)




40th anniversary: Learning that words have power

By Mike Fak

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[January 28, 2011]  Next week it will be my 40th anniversary of never officially being in the U.S. Army. You see I never said the oath that day, I had gone to the bathroom and when I came back into the room the sergeant told the hundreds of young pups shoved together that we were now all soldiers. I never did use that loophole to just walk away from the whole affair being lucky enough to catch a creampuff assignment. (Click here for the rest of the story)

 


Getting your Social Security income verification is easy

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[January 28, 2011]  There are a number of reasons you may need written verification of your Social Security benefit amount. You may need to provide it to an energy assistance program or for subsidized housing.

(Click here for the rest of the story)

 


Six Tips to Avoid Getting Stuck
in Deep Credit Card Debt

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[January 28, 2011]  Illinois Attorney General Lisa Madigan's office offers these tips to help seniors avoid high credit card debt.

(Click here for the rest of the story)


Do’s and don’ts of Medicare

 Part D
 

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[January 28, 2011]  DO shop around and compare the dozens of plans, offered by 16 different companies, to choose from in Illinois. Plans will cover different drugs, use different pharmacies, and have different premiums, deductibles, and co-payments.

(Click here for the rest of the story)


Spousal benefits offer increased retirement options

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[January 28, 2011]  You may have more options than you know when it comes to Social Security benefits. Like many, you probably have given some thought to your own retirement plans. You know you can retire as early as age 62 and get reduced benefits. You know you can wait until your full retirement age and get full benefits.  You also may know you can defer collecting benefits and accrue delayed retirement credits up to age 70, which will boost your payment.

 (Click here for the rest of the story)

 


 

 

 

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