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ARTICLES OF INTEREST TO

SENIOR CITIZENS LIVING IN USA
Useful Guidance

ARTICLES OF INTEREST   TO SENIOR  CITIZENS IN USA
ARTICLES OF INTEREST   TO SENIOR  CITIZENS IN USA

A Senior's Guide to Life After Retiring

Dated 10.10.2024 : One of our readers Mr Josh McConnell has shared this retirement resource guide: https://llcattorney.com/small-business-blog/guide-to-retirement

The website contains useful advice for Senior citizens , especially those living in USA , on various aspects of senior citizens' needs like managing finance , fitness & health ,entertainment , and other useful subjects for the seniors . One may go through the website and advise us about the utility of such advices .

Retirement Planning Guide to Seniors :

Dated 29.07.2022 : Retirement involves adjustment to new or no working hours , new income and expenditure pattern , new life style and management of leisure time and health one has to undergo after retirement .

We have received an article linking to guidance given by various people on the matter of retirement which we think useful to newly retired persons . The articles discuss Retirement Life and Leisure , Finding Meaning and Purpose After Retirement , How to Plan Your Retirement Lifestyle , How to Estimate Your Retirement Expenses , Budgeting for the Four Financial Phases of Retirement and many such issues . Though the articles written are mostly keeping in mind of US Senior citizens , the general principles can be applied by any one .

We give herewith link to the article called " retirement-planning-guide-for-seniors" published in https://www.madisontrust.com/ . Interested persons may read the article and linked articles . However we add here that we do not subscribe to any guidelines or planning or suggestions or opinions given in those articles and we have not independently verified the factual correctness . One has to utilize his discretions while implementing any of the suggestions given in the articles .

Retired Senior's Guide to Downsizing :

Dated 22.04.2022 : When one retires from his / her job , income reduces . Some may get compensation by way of pension and some have to live by the interest they earn out of retirement benefits . Anyhow , they have to manage their lives with lower income they get past retirement . Inflation may cause their expenditure to raise and lower interest rates will reduce their income . If one's family is also facing health issues also and huge financial burdens thereon , one will be forced to look in to he ways of augmenting incomes and reducing their expenditures .

One of the solutions people try in such conditions is to "downsize " their lifestyles , sell / mortgage their house and move away from their present places to suburbs or to rural areas to reduce their expenditures . After retirement , it does not matter if one lives in city central or a suburb as there is no need to commute for the work . One can substantially clear their debts by selling their properties in " posh " areas for a fortune and by acquiring a place to buy and live in a new developments where cost of living is less .

The above problem is universal and we have received an article titled " Retired Seniors Guide to Downsizing " written by Zach Wichter on the above subject . The article explains the pros and cons of selling a property and buying a new one . It is written primarily for the audience in USA , but core principles can be used in other places too .

We hope our readers will find the article useful .

The article was referred to us by Ms Mary Kate Mackin of Bankrate, Inc . USA

INMATE ABUSES IN SENIOR CITIZEN HOUSES :

Dated 27.02.2022 : We have received a link to the article " Nursing Home Abuses " . The article , though intended for residents in USA , details the various forms of abuses , a senior citizen faces in a senior citizens home ( called Nursing Homes in USA ) . The abuses can be mental , physical or financial . The article also gives some suggestions in case when one is faced with such situation .

The use of senior citizen homes is increasing in India also . There are many benefits in such houses as one will be surrounded by other senior citizens . They may not feel lonely . Their basic needs will be taken care of . Daily chores will become easy with maid servants , community kitchen , doctor on call . Medical help will be provided in case of emergencies and basic attention would be given and relatives would be informed . Of course , all come with a cost . The level of services may be varying from one senior home to the another .

But there are chances of abuse by the management staff , when an inmate becomes too weak to take care of himself . Hence one should be ware how to secure oneself there . The above article may be eyeopener for the senior citizens wanting to opt for such facility and warn them about the precautions they can take while using the facility .

The article is forwarded to us by Mr. Holly Brooks of Levin & Perconti , a law firm in Chicago , USA .

ARTICLES FOR SENIOR CITIZENS IN USA

EDITOR'S NOTE DATED 13.02.2022 : The article below is written with focus on the needs of senior citizens in India . Majority of our readers are from India or Non-Resident Indians . However 10 % the readership comes from United States of America ( USA ) .

Now we are glad to inform that we have received two more links to two articles which have focus on senior Citizens of USA , which will be helpful to the senior citizens there . The articles are

1. How Many Seniors Have Student Loan Debt and Where Can They Find Help?
2. Student Loan Refinance Calculator

The articles are prepared and published by Education Loan Finance ( ELFI ) ,
an organization designed to assist borrowers with student loan refinancing as well as undergraduate, graduate, and parent private student loans . However we have not verified the accuracy or veracity of the facts in the articles . We hope the articles will be useful to US citizens who want to taken or already taken student loans in USA .

We thank Enmanuel Batista Shedrack , Outreach Coordinator , Education Loan Finance for forwarding the links . ​

EDITOR'S NOTE DATED 27.11.2020 : The article below is written with focus on the needs of senior citizens in India . Majority of our readers are from India or Non-Resident Indians . However 10 % the readership comes from United States of America ( USA ) .

Now we are glad to inform that we have received links to two articles which have focus on senior Citizens of USA , which will be helpful to the senior citizens there . The articles are available on the website https://www.retireguide.com/about/

1
. MEDICARE HEALTH INSURANCE PROGRAMME : Medicare is the U.S federal government’s health insurance program that primarily covers people 65 and older and certain younger people with disabilities or kidney failure. Original Medicare does not cover all medical costs. Medicare Advantage plans stand in the place of Original Medicare or you may opt to stay with Original Medicare and purchase a Medicare supplement policy. This free resource highlights coverage, costs, eligibility and enrollment information, along with answers to some frequently asked questions. Full details of the scheme can be read by clicking here

2. BENEFITS AND DISCOUNTS AVAILABLE FOR SENIOR CITIZENS IN USA : The article gives glimpse of various additional benefit available to senior citizens with regard to Income tax , insurance & discount available in various outlets . You can know the details by clicking here

We thank Edgardo Valdespino , Outreach Coordinator of retireguide.com for sending the articles to us .

REVERSE MORTGAGE SCAMS PLAYED ON SENIOR CITIZENS IN USA

Dated 05.01.2022 : We have received an article which cautions senior citizens on the mis-selling / scams while promoting the Reverse mortgage schemes in USA . Though the article is specially written keeping in view of American Audience , many tactics referred there are universally practiced in various countries . One has to be careful before signing any documents and understand its implications of signing on the blank forms . Some of the tricks adopted are

1. Exaggerating the benefits of a scheme : In the article it points towards social security benefits .
2. Obtaining signatures on blank forms .
3. Hiding the drawbacks and not highlighting the futility of the scheme to the victim .

You may go through the linked article which you may find as useful . We thank Ms Mary Kate Mackin of BANKRATE .COM for forwarding their article .

INDEPENDENT LIVING AND ASSISTED LIVING :

We have received an article helping Senior Citizens to know the difference between Independent living and Assisted Living . The article is written keeping in mind US citizens . But such facilities are also available in some large cities in India . Retirement homes or Apartment blocks meant for senior citizens help senior citizens with Independent Living by giving medical assistance , food deliveries and other facilities in case of need at their doorstep . Assisted Living is more than retirement homes , called old age homes where bathing , personal care , medication , catering are provided by the assistants provided by the old age homes .

One may read the linked article to the modern day facilities which are coming up in western world followed by other countries .

The article is written by Mr True Tamplin for Financial strategists .

For the Indian Citizens

SENIOR CITIZENS - Guidance for Golden Age :

We have , over the years , published various articles relating to the needs of Senior citizens relating to investment , health , insurance and Financial planning . Some of the articles with links are

​1. On Financial Planning : Long term retirement Planning for the young

2. On Health Insurance : SENIORS HEALTH INSURANCE

3. On Investment :

  1. Senior Citizens Savings Scheme
    2. INVESTMENT OPTIONS FOR SENIOR CITIZENS

    4. On Health : Planning beyond Finance

    5. For bank retirees BANK PENSIONERS NEWS

    6. On on-line submissions of Life Certificates for pensioners : LIFE CERTIFICATE

    Apart from the above articles , we have received contributions from various readers , especially from USA , requesting us to publish articles / links to articles which are useful to senior citizens . Synopsis to such articles / links can be found below . However we have not verified the accuracy or veracity of the facts in the articles . We hope the articles will be generally useful to senior citizens , especially from USA