‘t. If you are now facing serious debt issuescontactIra Smith Trustee & Receiver Inc. We can help you get your life get back on track.Starting Over, StartingNowyou can take the first step towards an enjoyable retirement. Watch for our next blog when we’ll be discussing if seniors ...
Service to help seniors in debtJUDY HARRISON
My high school civics teacher gave a nice piece of advice to us parting seniors. He said, “Sex is just an energy. Channel that energy wisely.” He was a mormon I think. My favorite bumper sticker said, “Porn, it’s cheaper than dating.” It was a cartoon pic of a man holding ...
“Seniors are susceptible to consumer debt and more specifically credit card debt because they are on a fixed income,” said Adem Selita, chief executive officer at The Debt Relief Company in New York City. “Most seniors rely on Social Security or pension income, so an unexpected expense like...
Many of these seniors with debt either took out loans to help pay for their children’s college education or took out a student loan for themselves. The Journal noted that during the last recession in 2008, many older Americans went back to school in hopes of boosting their appeal to potent...
What Is a Reverse Mortgage, and Is It Right for You?A reverse mortgage lets seniors access home equity without monthly payments. Learn how it works, its risks and its potential benefits. AboutNathan Paulus Nathan Paulus is the Head of Content Marketing at MoneyGeek, with nearly 10 years of...
Below is a neat little graphic (courtesy of Paul Hemphill) breaking it down for you. Making wise college choices based on student debt November 3, 2011Suzanne Shaffer Two-thirds of college seniors graduated with loans in 2010, and they carried an average of $25,250 in debt.They also faced...
Read MoreStudent debt strategies for seniors That difference could relate to the colleges they attended. Blacks and Hispanics are more likely to attend for-profit colleges, where completion rates are often relatively low. According to Education Departmentdata,15.2 percent of blacks attending college go...
Immediate Benefit Plans for Seniors Burial Insurance An immediate benefit plan or also referred to as an immediate benefit policy is a type of policy whose value is readily available. Some of the key options which most companies offer on senior life insurance are: Super Preferred Whole Life This...
Seniors may get help from nonprofits, such as the National Council on Aging (NCOA) for help with credit card debt or management. Selling assets or downsizing: Selling extra vehicles or unused property can help pay down credit card balances. Downsizing to a smaller living arrangement can also ...