It's not unusual for seniors to find themselves cash-strapped in retirement. Once you stop working and move over to a fixed income, you'll probably have less financial flexibility than you did during your working years. That's why it'...
It is very difficult to predict whether you or a loved one will one day need long-term care insurance. A diagnosis like Alzheimer’s disease or another dementia can drastically change your life and your financial plans. With an estimated fi...
At face value, annuities offer a solid deal: guaranteed income for life. But they are not the most straightforward of products.
Annuities can be a cash cow for insurance companies and the people who sell them -- making it important for you to unders...
Most people will need to get some roadside assistance at one point in their life. Whether your car breaks down, you run out of gas or get a flat, you're first instinct may be to call AAA or another service. What you may not realize thou...
If you get a call asking you to switch your health insurance to the "Pennsylvania Department of Health's plan," hang up because it is a scam.
The Health Department does not offer insurance coverage. It has state health centers that pro...
Among permanent life insurance policies, several types are available:
* Whole life insurance. As the name suggests, you pay a fixed premium for the rest of your life. Money that is not used to pay for pure insurance goes into an investment account,...
Ruth is 88, still quite independent, taking care of herself at home. She does her own shopping and cooking and pays her own bills. Great at her age, right? But when it comes to memory, that's a problem. And forgetfulness plus an unforeseen glitch...
It’s the day you thought would never come. The business you worked so hard to build has been hit by an unforeseen disaster and is shut down. Your mind is filled with questions: How soon can I reopen? How will I cover expenses? How do I pay my e...
If you are thinking of buying or building a swimming pool, it's best to contact your home insurance company first. Pools are a liability and, like trampolines, are an “attractive nuisance.” The owner of a pool is liable for anyon...
Why buy a retirement annuity? For the income, of course. Consider your options carefully, though. The best annuities can serve you well, but some are a bad investment. Who should buy retirement annuities? Many older Americans. Are they good for retir...