6 Smart Ways to Pay for Cancer Treatment and Care

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A cancer diagnosis is among the worse of life-changing health-related diagnoses a person can receive. In addition to wondering about their own mortality, there are so many other questions at play. Everything from treatment options to how to tell family and friends becomes a question in need of an answer. At the top of the list are the financial concerns that come along with treatment.

Even with insurance, fighting cancer is a costly endeavor because insurance doesn’t cover everything, according to the American Cancer Society. In fact, the American Cancer Society states that even insured individuals may have to pay up to 25% of the cost of expensive oral chemotherapy drugs, for instance. According to NerdWallet, the cost of chemotherapy – the most common and effective way to fight cancer – costs $108,000 in the first year for women and $115,000 in the first year for men. Then, there are the costs for supplemental medications, radiation (if necessary), living expenses (since most people cannot work full-time while going through treatment) and any other complementary therapies used to fight the disease.

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Steps to Getting a Mortgage as a Senior

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Many seniors expect that by the time they reach a certain age, the process of getting a mortgage will be a thing of the past. However, financial circumstances may dictate otherwise. Some seniors don’t purchase a home until later in life; others may opt to downsize into a small home, which necessitates the need for a mortgage. Getting a mortgage as an older individual can present some unique challenges – the biggest being the fact that most seniors do not have a salary. Understanding just what those challenges are going into the process can help a senior to get the best mortgage for their specific situation.

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6 Ways to Make Money in Retirement

Work from home gigs are perfect for retirees that want to slow their pace, but need to put a few extra dollars in their pocket each month. However, choosing the ones that are legitimate and a good fit for a retiree can be a challenge. After all, there are a number of work at home scams that can cost you precious monthly income only to get nothing in return. Consider these more legitimate ways to add some cash to a monthly fixed income after retirement:

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The Right Way to Help Your Kids or Grandkids Pay Off Debt

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As parents or grandparents, we want to help our families in any way we can. However, when it comes to debt, we have to be very careful. Despite our best intentions, it can be easy to make the problem worse. Many parents and grandparents simply give money when asked, but this can just turn you into an enabler and does not solve the underlying issues. As an old proverb once said: “give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime”.

This week, we’ve consulted with a multitude of financial experts on this issue. Here are the top 8 tips on how to provide financial assistance to your family the right way.

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3 Estate Planning Blogs You Need to Follow

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Coming to terms with our own mortality is hard and is usually not something we want to think about. However, if we want our families to be protected and if we want to protect the assets we’ve created, the earlier we start thinking about estate planning the better.

Over the past month, we’ve gone through and researched a multitude of estate planning websites in search of the best resources. Below are the top three estate planning blogs we think you should follow. These blogs provide up-to-date information on the industry and help consumers better understand this complex process. Although some of the firms serve a specific state, their blog topics and articles include relevant helpful information to anyone thinking about estate planning in the United States.

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4 Things You Need To Know Before You Do A Reverse Mortgage

 

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A reverse mortgage is a viable way to really make your house finance your golden years. After all, what’s the benefit of having a home that you’ve paid off if you are still unable to go out during retirement and engage in the activities you truly enjoy? A reverse mortgage can offer that option, allowing the discipline you showed in paying off your home work for you down the road. However, like any financial product, it is important to know everything you can learn about a reverse mortgage to ensure that you receive the benefits of having one without the drawbacks. It is a complex financial product that requires plenty of research and thought. Here are four things that you need to know before you do a reverse mortgage.

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How To Get 76% More Money From Your Social Security Benefits

How to Get 76% More Money From Your Social Security Benefits

 

If you’re like many other seniors, then you social security is a financial lifeline that ensures a certain amount of monthly income after retirement. While the political wrangling over this income has many seniors wondering if their loved ones will receive this stipend, it is still a benefit enjoyed by millions around the country. However, while it is beneficial, it is also a complex financial topic. There’s a great deal to consider from how being married – or divorced – affects your social security income to how to budget in order to live comfortably each month.

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14 Tips From Financial Sages That Seniors Need To Know (Part 1)

14 Tips from Financial Sages

This month, we asked nearly 200 financial advisers what they thought was the most important financial issue for senior citizens. The replies mentioned Social Security, healthcare, investments, and more. We’ve curated the responses into the top pieces of advice that you should know. Keep reading for awesome tips from our financial sages:

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