Planning for End-of-Life Care During a Pandemic

Green Settlements Staff

Table of Contents: COVID-19’s Impact on Seniors Advance Directives Keep Planning Ahead Arrangements for end-of-life care are never an easy thing to discuss, but COVID-19 has made proactivity on the subject especially important. In an interview with NPR, Sunita Pari reminds seniors that, “things can change in a minute.” That’s doubly true while a virulent […]

Is it Time for Congress to Pass This Bill?

Green Settlements Staff

The COVID-19 pandemic has hit the nation’s seniors particularly hard and, for many, exacerbated what was already a dire financial situation. Even before the virus sickened Americans in every state, more than 7 million seniors were experiencing poverty. Millions and millions more were struggling to pay for healthcare. Writing for The Hill, Chris Orestis, argues […]

COVID-19 and Social Security: Bad News for 60 Year Olds

Green Settlements Staff

Table of Contents: How Are Social Security Benefits Calculated? COVID-19 and Social Security A Call to Action After more than four months, the COVID-19 pandemic continues to ravage the American population and economy. Its impact on seniors has been especially dire, but things could soon get even worse for Americans who are on their way […]

Debunking Medicare Myths

Green Settlements Staff

Table of Contents: Myth: Medicare Is Only for Seniors Myth: Medicare Is Free Myth: Medicare Costs the Same for Everybody Myth: Medicare Covers Everything Myth: Medicare Decisions are Final Whether they’re well into their retirement or decades away, nearly everyone in America has heard of Medicare. Introduced in 1965, the social healthcare system is never […]

Nutrition Tips for Seniors

Green Settlements Staff

A balanced, nutritious diet is essential at any age. As our immune systems weaken, daily intake of vitamins and minerals becomes even more essential for staying fit. Check out a few quick tips for staying happy and healthy well into retirement. Stay Hydrated Adults lose more than 80 ounces of water through normal daily activities. […]

Refinancing Your Mortgage in Retirement

Green Settlements Staff

As you approach retirement, you probably have three primary goals in mind: Maximizing the value of your assets. Reducing your expenses. Generating cash flow. It’s likely that your home is one of your most valuable assets. If you’re still paying off a mortgage, refinancing is an option that can help you meet all three of […]

Discussing Retirement with Your Parents

Green Settlements Staff

Not everyone considers the family finances a suitable topic for dinner table conversation. Years of dancing around the subject only makes the inevitable discussions more uncomfortable. It’s never too early to talk about retirement with your parents. Check out our advice for getting these discussions started. Set the Stage Don’t blindside your parents. They should […]

Life Settlements for Single Seniors

Green Settlements Staff

For married seniors, life insurance policies are often a necessity. They provide a sense of security and knowledge that, no matter what happens, your spouse, children, and other dependents are taken care of financially. On the other hand, a health insurance policy can become little more than a monthly financial burden for single seniors without […]

LISA Endorses Senior Health Planning Account Act

Green Settlements Staff

The Life Insurance Settlement Association (LISA) announced this week that it would endorse House Resolution (H.R.) 5958, also known as the Senior Health Planning Account Act. H.R. 5958 Representatives Brian Higgins (a New York Democrat) and Gregory Steube (a Florida Republican) introduced H.R. 5958 to Congress in late February. If adopted, the bill would create […]

How Are Viatical Settlements Taxed?

Green Settlements Staff

What is a Viatical Settlement? Viatical settlements allow terminally or chronically ill individuals to sell their life insurance policies for a lump sum. Typically, this sum is greater than what surrendering the policy would provide. It won’t equal the death benefit that the policy would otherwise pay out, but this extra cash can go a […]

bbb seal