7 tax tips for seniors to make the most of your deductions

Tax filing season just opened for 2022 returns, and the IRS is already warning that average refunds may be lower since most pandemic economic relief measures are finished. That means careful tax plann...

New retirement withdrawal rule is a boon for wealthy seniors

New retirement rules in legislation signed by President Biden in December contain a handful of changes to required withdrawals from retirement accounts that score big brownie points with well-heeled s...

Pfizer Covid booster likely doesn’t carry seniors’ stroke risk: CDC

The Centers for Disease Control and Prevention on Friday said it is “very unlikely” the Pfizer omicron booster carries a risk of stroke for seniors after it launched an investigation into ...

Seniors Are Falling Victim to Crypto Scams

It appears many digital currency fraudsters and malicious actors are targeting senior citizens, and many organizations out there are trying hard to show seniors how they can prevent themselves from fa...

China Plans To Boost Vaccinations Among Seniors As Harsh Zero Covid Strategy Triggers Protests

Topline China’s National Health Commission on Tuesday unveiled plans to improve Covid-19 vaccination rates among the elderly—a cohort that remains highly vulnerable to the virus due to very low uptake...

Flu variant that hits kids and seniors harder than other strains is dominant in U.S. right now

A sign advertising flu shots is displayed at a Walgreens pharmacy on January 22, 2018 in San Francisco, California. A strong strain of H3N2 influenza has claimed the lives of 74 Californians under the...

Flu hospitalization rate highest in a decade, kids and seniors most at risk

The U.S. is facing the highest flu hospitalization rates in more than a decade with children and the elderly most at risk, according to the Centers for Disease Control and Prevention. Flu and respirat...

White House Covid czar calls on seniors to get omicron booster now

White House COVID-19 response coordinator Ashish Jha addresses the daily press briefing at the White House in Washington, U.S. July 25, 2022. Jonathan Ernst | Reuters A top White House health official...

Huge Social Security increase comes with drawbacks for some seniors

The biggest increase in Social Security benefits in four decades is largely a welcomed development for retirees grappling with runaway inflation. But the 8.7% bump in monthly payments next year comes ...

Covid vaccines prevented at least 330,000 deaths among U.S. seniors in 2021

Covid vaccines prevented at least 330,000 deaths and nearly 700,000 hospitalizations among adult Medicare recipients in 2021, the Health and Human Services Department said in a new report published Fr...

Whales and Seniors and a look at how AAVE has been since the DeFi Summer

AAVE seems to be riding a wave of whale-like popularity. This, at a time when AAVE has been on the receiving end of many developments. Indeed, a deep analysis of some of the altcoin’s metrics could gi...

Many seniors still at risk of ‘financial drowning’ even as Social Security could get biggest boost in 40 years

‘The lifeboat is leaking’: Many seniors still at risk of ‘financial drowning’ even as Social Security could get biggest boost in 40 years Americans are still feeling the squeeze of higher prices, but ...

Seniors, Worried About Nursing Home Costs? Here Are Your Options

nursing home cost Long-term care in residential facilities like nursing homes is a financial challenge for many. When dealing with a loved one who is disabled, elderly or ill, families often try every...

Runaway prices are pushing seniors back to work

‘There is no more retirement’: Runaway prices are pushing seniors back to work “Unretirement,” or the act of going back to work after retiring, isn’t just for young Buccs like Tom Brady. R...

Planning ahead can help families afford long-term care amid inflation

Stan Horwitz and his family didn’t have any plans regarding long-term care until there was a crisis. His father, Martin, was in his late 80s and lived alone. He was reluctant to accept any assis...

Asset Protection Trusts: Help for Seniors

An asset-protection trust can help seniors in need of constant nursing care pay the substantial costs of assisted living or skilled nursing facilities and at-home help. Average daily nursing home cost...

Seniors, Here’s How to Avoid Taxes on Lump Sum Pension Payouts

SmartAsset: How to Avoid Taxes on Lump Sum Pension Payout When your pension matures, there are multiple distribution options that you can choose from. Unfortunately, many of these distribution methods...

Seniors, Having This Income Could Reduce Your Social Security Benefits

Senior man at work If someone receiving Social Security benefits earns money by working, the Social Security Administration may reduce the amount of that person’s benefits. This only affects people wh...

Opinion: Medicare is broken — and not in the way you might think

For nearly every retiring American, Medicare is both universal and universally complex. Yet, Medicare is broken – and not in the way most people think.  Every few years, news organizations raise the a...

Inflation pushes seniors back into the workforce

There is no more retirement’: Inflation pushes seniors back into the workforce “Unretirement,” or the act of going back to work after retiring, isn’t just for young Buccs like Tom Brady. About 3...

Will Hordes Of Poor Seniors Overwhelm Government Welfare Programs?

The editors of Bloomberg recently published a series of editorials on America’s impending “retirement crisis,” which they assert could “under reasonable assumptions … overwhelm state budgets across th...

Seniors take steps to protect savings against stock plunge

Retirees and those close to retiring are navigating the current economic and market turbulence differently than those with time on their side to wait for smoother conditions. Depending on the type of ...

Buying the Dip Can Be a Retiree’s Best Friend. Here’s How Seniors Can Safely Shop.

Photo illustration by Barron’s Staff; (reference) Dreamstime (4) Text size It’s hard at any age to buy stocks when prices are falling, but for retirees it can be especially nerve-racking because...

Three painful ways in which inflation is ravaging seniors’ retirement income

In times like these, Mary Johnson is willing to break the rules — at least when it comes to some of the classic axioms of investing. She’s gone heavy into stocks even though senior citizens like herse...

Rise Of The Silver Shoppers

Chinese senior citizens are increasingly digital and represent the fastest-growing demographic. Kevin Lee/Getty Images When the actor Wang DeShun went for a walk, it went viral. It wasn’t just any wal...