Skip the cooking and have meals delivered

By Jim Miller
Posted on March 01, 2024

Dear Savvy Senior, Can you recommend some good healthy meal delivery options for seniors who don’t cook or get out much? My 80-year-old father, who lives alone, has a terrible diet, and I worry about his health. —Concerned Daughter Dear Concerned, There are actually a wide variety of healthy meal delivery options that can help non-cooking seniors who live at home. Here are... READ MORE

Find room for philanthropy in any market

By Peter J. Klein
Posted on February 26, 2024

We have all been feeling the squeeze as of late, and philanthropy is feeling it, too. The costs of things we buy, be it food, clothing or even entertainment (have you seen the price of a baseball game recently?) seem only to go one way — higher. Economists blame inflation, pandemic remnants and supply-chain challenges. We’re left with two issues: The things we buy are increasing in... READ MORE

Don’t be fooled by ‘simple’ scam emails

By Jamie Feldman
Posted on February 20, 2024

Scams have become ubiquitous in the digital age and are becoming more difficult to spot. According to the Better Business Bureau, the most recent iteration includes some key details that, to the blind eye, may fool you into thinking it’s legit. Like many other scams, this one comes via email and will appear to be from someone you know. “The message looks harmless and casual — like... READ MORE

Enlist an entourage to make life easier

By Katherine Reynolds Lewis
Posted on February 07, 2024

If it takes a village to raise a child, it can take a small town to support an aging adult. As we get older, the range of professionals and services we rely on for physical, financial and daily living support expands and shifts. They are your entourage as you age. Who will be your entourage? The people and services that support you fall into these categories: Health care. For much... READ MORE

Key income tax deductions not to miss

By Elliot Raphaelson
Posted on February 01, 2024

It is no secret that the federal income regulations are very complex. As a result, many deductions are missed by individuals when they file their tax returns. I’ll discuss some of these deductions below. Because of the increase in standard deductions, according to the IRS, almost 88% of tax filers used the standard deduction on their 2020 tax return. For your 2023 tax return, the... READ MORE

Protect your documents from a disaster

By Kate Ashford
Posted on January 23, 2024

Floods, wildfires, historic storms — severe weather events are on the rise. If your home was hit by high water or a fire, would your important papers be safe? “Unfortunately, I’ve had clients who’ve been victims of fires, flooding, hurricanes,” said Sev Tamayo, an agent with Goosehead Insurance in Palm Coast, Florida. “Some of them were prepared, and some of them... READ MORE

The best sources for financial information

By Elliot Raphaelson
Posted on January 18, 2024

If you want to succeed in personal financial planning, you need to use the best-informed, up-to-date and unbiased sources. In this column I’ll share my recommendations. Retirement accounts For information about IRAs and other retirement savings accounts, Ed Slott and his publications are simply the best. I regularly attend his seminars and keep up to date with his monthly... READ MORE

Ways to help grandchildren financially

By Kimberly Palmer
Posted on January 12, 2024

In his early 20s, Chris Chen’s nephew dreamed of becoming a professional photographer. But to pursue that dream, he needed equipment that cost over $5,000. His nephew worked hard to save $1,500; then, his maternal grandmother provided an additional $750. Chen, a certified financial planner in Newton, Massachusetts, covered the rest. “It helped him understand the value of money,”... READ MORE

Address possible scams before they call

By Adriana Morga
Posted on December 28, 2023

This summer, Daniel Goldstein’s 86-year-old mom got an email that looked like it was from her bank. She was alarmed because she hadn’t spent the money it mentioned, so she called a help number on the email. The person on the other end of the line asked for her bank account information and made her believe she would get her money back. Instead, she lost $600 to a scammer. Last... READ MORE

Some pros and cons of Roth conversion

By Elliot Raphaelson
Posted on December 26, 2023

Because of retirement-related federal legislation passed in the last few years, many individuals are considering converting some or all of their traditional IRAs to Roth IRAs. One major reason is that most beneficiaries of traditional IRAs other than surviving spouses are no longer allowed to “stretch” distributions from their traditional IRA inheritances over their... READ MORE