Credit cards don't always have the best reputation, and that's understandable. If you've ever dealt with growing debt or high interest, you know how quickly things can get out of hand. But that doesn't mean credit cards are always a bad idea. Used the right way, they can actually help you build credit, cover unexpected costs, or take advantage of rewards and protections. It all comes down to how you manage them.
Living longer brings a lot to look forward to. More time with loved ones, new experiences, and the chance to enjoy the fruits of your life's hard work are just the tip of the iceberg. With increased longevity, though, comes a new set of challenges, especially when it comes to managing money and protecting yourself from financial threats. If you're in your 60s, 70s, or beyond, or you're helping someone who is, it's never too early to plan ahead. A few smart steps now can help protect seniors’ financial health well into the future.
Advances in health care mean that Americans are living longer, and they're learning more about how to manage their health proactively. As a result, the financial landscape is rapidly evolving for seniors in the US. Most of the current crop of 60-somethings are forecasted to live to the age of at least 80; with a longer life comes the need for careful financial planning to ensure a comfortable, secure future. You'll need more than just your social security payments and withdrawals from retirement accounts to cover the rising costs of healthcare and assisted living. Here's how you can age securely and confidently, managing your financial health as carefully as you do your physical health.