The motive behind stealing your credit card information is easy to understand, but why would someone want your medical information? Criminals can use your identity and insurance to obtain treatment and medications, often at numerous locations. In addition to being charged for services you did not receive, this activity is recorded in your medical records, creating confusion for providers and caretakers. Having to prove that you did not get the care in question is complicated for the victims, and they may end up paying incorrect bills.
|Blog Table of Contents|
|Reverse Mortgage||Aging Issues|
|Financial Planning||Estate Planning|
Scams have been around as long as humans have had goods and currency to trade. From literal snake-oil salesmen on the American frontier, to worldwide Ponzi schemes, a few bad people will always be willing to try to get something for nothing. Scams have evolved through history as our way of life has changed, and in 2015 criminals employ a mix of new and old methods.
From grandma’s favorite love letters to a great uncle’s World War II medals, your past shaped where your family is today. Will the details that impacted your personal story and identity be lost with your loved ones? Who was that letter from? What was that medal for? Will it all just end up in the trash? (Let’s hope not!)
As the workforce ages, a whole generation of postwar American gumption and know-how threatens to fade into the mists of history. But a younger, higher-tech wave of workers stands ready to learn and improve upon the lessons the baby boomers have to teach.
We talked to some top professionals about how to capture and transfer boomers’ critical skills to the next generation. Some of their answers were surprising.
Youth has its advantages, as we all know, but having to pay full price isn’t one of them. Whatever seniors choose to do, chances are good they can do it for significantly less thanks to senior discounts—whether its travel, dining, shopping, going to the movies or buying a carton of milk at the grocery store.
For many, a retirement spent lounging on Florida’s beaches isn’t realistic. Even if it is realistic, some wonder how long it’ll take before those lovely lazy days become tedious. Whether it’s out of financial necessity or tiring of the same old 9-hole course, many baby boomers who are at, or nearing, retirement are gearing up to head straight back to work.
As of April 27, 2015, the rules for obtaining a reverse mortgages require the applicant to pass a three-part qualification, including a credit history analysis, a residual income test, a review of extenuating circumstances or compensating factors.
The reverse mortgage loan process has changed as of April 27, 2015 to become more like conventional loans. No longer will you be able to call multiple lenders and get an accurate quote based off of an estimated home value, mortgage balance, and youngest homeowner birth date. To get an accurate quote, you’ll need to be prequalified by an experienced reverse mortgage specialist. Talking to a loan officer that closes a handful of reverse mortgages per year is dangerous due to their part-time attention to a complex, dynamic business.
What are the people, places, and things you want to encounter during your lifetime? Everyone’s “Bucket List” for life is different, but for most people, travel is included. As life goes on, it may be time to take action and start crossing items off of your own personal list. Experiencing other locations can give us deep insight into both the larger world and our own smaller lives.
When a Florida vacation is mentioned, what usually comes to mind are shores with sandcastles, tropical hotels, and jaunty theme parks. While Florida does offer amazing parks, resorts, and beaches, there are many more diversions to be found, often that cater to an older and more-refined clientele. Whether you are looking for authentic Cafe Cubano, or creating your own zen retreat, Florida offers many leisure activities for older adults. Continue reading