~ By Eileen Doherty, MS ~ DENVER, Colo. – There is an old saying you can “escape everything but dying and paying taxes”. For some seniors, while they may not be able to escape paying taxes, they may be able to reduce the amount of property taxes they owe each year on their primary residence.
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~ By Eileen Doherty, M.S. ~ Denver Colo. – Each year the federal government makes changes to the Medicare. Many beneficiaries are advised to go through the process of determining if they are satisfied with their current coverage with a Medicare Supplement, a Medicare Advantage Plan and/or prescription drug coverage. The Colorado Gerontological Society is […]
~ Reflecting on 78 Years of Social Security ~ ~ By Carolyn W. Colvin , Acting Commissioner of Social Security ~ There are special moments when people look back and evaluate a life or an era: birthdays, class reunions, holidays, anniversaries. Time is, after all, simply the stringing together of a number of events, some small, […]
~ Social Security Today by Monica Ochoa ~ Succulent turkey, savory stuffing, green bean casserole, sweet potato and pumpkin pie. Every family has its Thanksgiving dinner traditions. If you plan poorly and wait to throw the bird in the oven at the last minute, you will end up with a turkey of a dish. The same […]
~When To Start Receiving Retirement Benefits~ ~Medicare Enrollment Periods at Age 65~
~ Home Helpers Offers Advice on How to Spot Scammers ~ Winter’s blizzards, hail and ice storms can cause significant damage to the exterior of homes, leaving elderly residents vulnerable to scam artists who conveniently appear on the doorstep offering to fix the roof, patch cracks in the driveway and trim limbs from damaged trees. […]
If you have an older ID card issued by the Department of Veterans Affairs, your Social Security number could be at risk for theft. If your card is pre-2004, your date of birth and Social Security numbers are right on the front of the card. Since 2011, the VA hasn’t issued ID cards with those […]
Question: Who must report what under Colorado’s new law for mandatory reporting of elder abuse? Answer: Between 2011 and 2021, the number of older adults in Colorado will increase 54 percent, according to the Colorado Department of Human Services. As the number seniors in Colorado rises, the possibility and opportunity for elder abuse unfortunately increases […]
~ By Gerald Rome, Acting Securities Commissioner ~ In the first installment of this three part series we discussed how older Americans are frequently targeted by investment con artists and abusive stockbrokers and financial planners. We also covered three tips that you can follow to help yourself avoid becoming a victim. These tips included 1) […]
Agent: The person named in a power of attorney to act on the principals behalf. Sometimes called an attorney-in-fact. It is extinguished at death. Beneficiary Deed: A revocable deed designating persons to receive your Colorado real estate while avoiding probate. Codicil: An amendment to a will.
~ Social Security Today by Monica Ochoa ~ Do you need a letter from Social Security verifying your benefits? The fastest, easiest, most convenient way to get a benefit verification letter these days is to go online to www.socialsecurity.gov. You may need a benefit verification letter for a number of reasons. Perhaps you need proof of […]
The Internal Revenue Service uses your Social Security number to make sure your filing is accurate and complete and to see that any refund you are due is handled properly. If your Social Security number is lost or stolen, an ID thief may use it to report their earnings under your number and/or to claim […]
Detectives from the West Metro Drug Task force will update us on both the danger of drugs manufactured in your neighborhood and the misuse of prescription drugs as “street drugs.” Sometimes called “pharming,” prescriptions are stolen from stores and seniors homes and then are sold on the street. The talk is hosted by Triad of […]
~ By Paulette Wisch, Universal Lending Corporation ~ A reverse mortgage is a loan against property that turns a portion of the value of the home into spendable money and requires no monthly payments. Customers cannot get access to full value of the home but get a percentage based on age, appraised value and rate. […]
By Mike Baksa Social Security Administration The People Ask… Question: I’m trying to figure out how much I need to save for my retirement. Does the government offer any help with financial education?
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