Managing finances as a senior can be challenging, but there are resources available to help you stay secure and independent. Here are five essential financial tools every senior should know about: Life Settlements: Turn unwanted or unaffordable life insurance policies into cash with a life settlement. This option can provide funds for medical expenses, living costs, or even retirement dreams. Social Security Benefits: Make sure you’re maximizing your Social Security benefits. Visit ssa.gov to learn more about eligibility and claiming strategies. Medicare and Medicaid Assistance: These programs help cover medical expenses, but understanding them can be tricky. Reach out to Medicare.gov or local assistance programs for guidance. Property Tax Relief Programs: Many states offer tax relief for seniors, such as exemptions or deferrals. Check with your local tax assessor’s office for details. Supplemental Nutrition Assistance Program (SNAP): SNAP provides monthly benefits to help with grocery costs. Visit Benefits.gov to see if you qualify. These resources are here to make life easier for you. Explore how ManorLiving.org can assist you with life settlements and other financial solutions!
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