Waiting until age 70 to claim Social Security results in a big payoff for seniors, but very few wait that long

One of the biggest advantages of the Social Security program is its flexibility. You can start claiming retirement benefits as early as age 62, or you can wait and receive fatter checks each month.

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Surprising recent study finds that 34% of seniors 65+ aren't using the internet

According to a recent Pew Research Center study, 11% of U.S. adults still don't use the internet. That's a significant change from 48% in 2000, but the study revealed that age remains a major factor, with 34% of senior citizens remaining offline.

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Women over 50 are facing a unique set of financial challenges

It’s hard not to get a little down about the financial challenges many women over 50 face. I heard a lot about them recently while moderating and attending panels at the American Society on Aging’s (ASA) 2018 Aging in America Conference and the What’s Next Boomer Business Summit in San Francisco.

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AL Gov. Kay Ivey awards grants to provide fresh, healthy food for low-income and senior citizens

MONTGOMERY, Ala. (AP) — Alabama Gov. Kay Ivey has awarded $300,000 in grants to provide fresh, healthy food for low-income and senior citizens across the state.

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62% of baby boomers think Social Security will provide half of their retirement income

If you're like most Americans, Social Security is going to make up a big part of your income in retirement. But, just how much of your income can realistically come from your Social Security benefits? Unfortunately, it's less than you think. 

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Ten things you should know about your new Louisiana Medicare card

LAKE CHARLES, LA (KPLC) - Medicare is sending medicare beneficiaries a new card in the mail starting this month. If you one of the over 750,000 Louisianans covered by Medicare, here are ten things you should know about your new card.

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Trump administration announces several changes to Medicare in an effort to reduce drug costs for senior citizens

NEW YORK (CNNMoney) -- The Trump administration announced several changes for Medicare plans aimed at increasing competition and reducing drug costs for senior citizens, starting in 2019.

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Florida nursing homes ahead of national average in reducing use of antipsychotic drugs

TALLAHASSEE, Fla. – Today, the Agency for Health Care Administration (Agency) announced continued improvements in nursing homes, specifically in reducing the use of antipsychotic drugs for long-stay nursing home residents.

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Valuable Medicare counseling service for seniors has been preserved by Congress

(Reuters) - (The opinions expressed here are those of the author, a columnist for Reuters)

Catherine Jones lives on $930 a month in Social Security benefits, so every dollar counts for the retired Detroit nurse. Her income is low enough to qualify for a special Medicare program that covers Part B premium copayments and deductibles, but last April, something went wrong. For some reason, Medicare started charging her $134 each month for Part B.

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Making any of these common financial mistakes can prove costly in retirement

Retirement is supposed to be a period of enjoyment and leisure, but for many seniors, it morphs into nothing but one extended era of financial stress. If you'd rather avoid that fate, be sure to steer clear of these potentially costly mistakes.

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