Interesting Facts About Senior Citizens
It’s never too late to plan how you want to spend your time and money. Retirement offers opportunities to individuals who have spent years working. Below are some interesting facts about seniors in general.
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Retirement Scams to Avoid
Scams are on the rise, and they are becoming more and more sophisticated. A 38% increase in fraud losses was reported by people in 2018, according to the Federal Trade Commission, which collected 1.4 million fraud reports. The younger generation lost money to fraud more often than the older generation, with 43% of respondents in their 20s confessing to losing money to scams. Only 15% of those in their 70s reported losing money, and older people lost more. Those in their 70s reported a median loss of $751; those in their 20s reported a median loss of $400.
How You Can Increase Your Retirement
As inflation rises in the U.S., many people worry about their retirement. Listed below are different ways to help you boost your retirement income.
How a Pot Trust Can Work for You
People with children are often advised to set up a trust in their wills for their children. Most often, the will-maker divides the assets they wish to pass on to their children into equal shares, with each share funding a separate trust for each child.
Are Bad Habits Delaying Your Retirement?
Some hard-to-break habits can derail your retirement. Sometimes they are taught, and other times we don’t even realize that these habits are costing us to make mistakes bout saving for our retirement. I bet you recognize some of these bad 401(k) habits.
Are Tax Liens Risky?
Investing in tax liens can expose your portfolio to real estate, even if you don’t own property. However, the process can be complex, and novice investors risk losing money. Investing in a tax lien certificate can be risky, so here’s what you should know about it