Scam artists are using the new Economic Stimulus package as a means to dupe seniors.

I have spoken with several seniors in the past few weeks telling me they are receiving calls from folks indicating they are from AARP or the IRS. In this conversation they sound very official and convincing. They are telling seniors in order to get their rebate from the Economic Stimulus Act of 2008 they don’t have to go to all the bother of filling out their tax return for 2007. All they need to do is give them their social security number and they’ll do all the work for them on their behalf. This is a scam. Neither AARP nor the IRS is making these phone calls.

There are 2 simple steps in getting your Stimulus Package Rebate:
1. File your 2007 federal tax return
2. Wait for your check to arrive in the mail.

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Whether they admit it or not, the Boomers are getting older and experiencing some of the common fears associated with the aging process. Some can be somewhat controlled like keeping their good health. Diet, exercise, stress release and other considerations may help keep the Boomers out of the medical system and help maintain a reasonable quality of life as they “get up in there.”

A major fear on most elders minds is the fear of either out-living one’s money or just not having enough to enjoy life in the Golden Years. We all know the issues with Social Security and even if it were to be managed properly, few people can make ends meet with those checks. And it’s a fact that many Boomers are living beyond their means. Debt is at an all time high in this country. The mortgage crisis is impacting many people’s largest asset — their home equity. So for many Boomers, their financial fears are real and justified. (more…)

Just when your head feels like it’s about to explode from all of the research you’ve done on reverse mortgages for seniors, here’s something to lighten the moment…

Maalox and nose drops and needles for knitting
Walkers and handrails and new dental fittings
Bundles of magazines tied up in string
These are a few of my favorite things.
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