Senior Life

News & information for the seniors in our community

Three steps for turning a real estate or business sale into the ideal retirement

Financial experts share common mistakes & how to avoid them

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[April 16, 2014]  Throughout life, we encounter a number of "financial impact points" -- pivotal events with the potential to make our dreams come true, say financial advisers Chris Snyder and Haitham "Hutch" Ashoo, co-authors of "Exiting Strategies: The CEO's Seven Critical Steps To Cashing-Out of a Business, Managing and Preserving Wealth."  (Click here for the rest of the story.)


SOCIAL SECURITY COLUMN

Don't stress over fraud

By Becky Whitlow,
Social Security district manager in Springfield

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[April 07, 2014]  April is Stress Awareness Month, but one thing that should never cause you stress is doing business with Social Security.    (Click here for the rest of the story.)


Area Agency on Aging will host Lunch and Learn at Oasis for family caregivers

The Area Agency on Aging for Lincolnland, in cooperation with Senior Citizens of Logan County, has scheduled a Lunch and Learn program for informal caregivers of older adults and for grandparents and other relatives raising children. The session will be at St. John United Church, the temporary location of the Oasis Senior Center, at 210 Seventh St. in Lincoln, on April 15 from noon to 1 p.m.  (Click here for the rest of the story.)


6 signs your retirement plan is in trouble

Estate planner shares tips for avoiding a 2008-style disaster during the 'distribution' years

After the 2008 economic meltdown, when the stock market fell 37 percent, veteran financial adviser Curt Whipple met with clients from outside financial institutions who'd lost 50 to 60 percent of their portfolio in a single year.  (Click here for the rest of the story.)


Online fraud: Are you next?

The difference between computer users who get scammed and those who don't often comes down to a simple checklist: In just-released research, AARP identifies 15 particular behaviors, life situations and knowledge attributes that significantly increase vulnerability to online fraud.  (Click here for the rest of the story.)


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Illinois Department of Insurance warns about the dangers of stranger-originated life insurance arrangements, or STOLIs

STOLIs not the same as traditional insurance policies and illegal in Illinois

CHICAGO Illinois Department of Insurance Director Andrew Boron is warning consumers about stranger-originated life insurance arrangements. Unlike a traditional life insurance policy where a consumer initiates the application for insurance and the insured's loved ones are beneficiaries of the death benefits, a stranger-originated life insurance arrangement involves a group of investors, often strangers, who initiate the application for life insurance by offering the participant an upfront lump-sum payment in exchange for allowing the group to purchase the insurance on the participant's life.  (Click here for the rest of the story.)


Millions of MSNs are undeliverable: Are you getting yours?

By Jason B. Echols, health care consumer protection coordinator with AgeOptions

OAK PARK The U.S. Department of Health and Human Services Office of Inspector General recently released a report that over 4 million Medicare Summary Notices, or MSNs, were undeliverable to Medicare beneficiaries in 2012. The most common reason why the notices were undeliverable is because of incorrect or invalid beneficiary addresses. You can read the full report here: https://oig.hhs.gov/oei/reports/oei-03-12-00600.asp(Click here for the rest of the story.)


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