Money Management for Older Adults

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A Black senior hand is placing coins in a clear piggy bank.

An older Asian couple is contemplating financial decisions over coffee.

Apr 3, 2024

How to Boost Your Budget with Money-Saving Benefits: A Guide for Older Adults Read Article

Mar 21, 2024

Benefits Programs That Can Help Older Adults Reduce Monthly Expenses Read Article

Mar 21, 2024

6 Benefits That Could Help Older Adults Pay For Food Read Article

Feb 22, 2024

Get the Facts on Economic Security for Seniors Read Article

For the first time, older adults without kids at home who work could get money from the federal government to boost their income through the Earned Income Tax Credit.

Jan 23, 2024

Who Qualifies for the Earned Income Tax Credit? Read Article

A personal loan is a borrowing tool that can help older adults fund large expenses and manage debt. Learn how to decide if this loan option is right for you.

Jan 17, 2024

What Is a Personal Loan and How Does It Work? Read Article

Find Ways to Save Money

Bills piling up? Not sure what to do? NCOA can help. Applying for assistance to pay for food, medicine, utilities, and more is easy. Learn more about our free, confidential tool.

A senior woman is managing her finances as she sits at her kitchen table.

A home equity line of credit (HELOC) can be a valuable source of potential income for seniors. Learn how it works—as well as the pros and cons.

Jan 9, 2024

What Is a Home Equity Line of Credit (HELOC)? A Guide for Older Adults Read Article

Dec 8, 2023

The Top 5 Financial Scams Targeting Older Adults Read Article

Oct 30, 2023

How Does Medical Debt Affect Older Adults? Read Article

Oct 30, 2023

How to Consolidate Credit Card Debt: 4 Options Read Article

Budgeting
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Avoiding Scams and Fraud
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Debt
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Learn how you can save more money, leverage your assets, and stretch the dollars you have with these 10 practical money budgeting tips for seniors.

Oct 30, 2023

Money Matters: Top 10 Budgeting Tips for Older Adults

Worried about rising food costs? A finance calendar can help older adults budget for unexpected expenses and stretch their grocery dollars further.

Oct 30, 2023

What Is a Budget Calendar? And Why Should I Use One?

Your FICO score plays a big role in your financial borrowing power—and your financial health. See why this credit score still matters for older adults.

Oct 5, 2023

What Is a FICO Score? A Guide for Older Adults

Being contacted by a debt collector can be stressful, but understanding the process can help you take back control. Here’s what older adults should know.

Aug 10, 2023

Debt Collection: What Older Adults Need to Know

Aging in place provides a wealth of benefits for older adults, but it’s not an easy decision. Here are some of the factors you need to consider first.

Aug 4, 2023

Can You Afford to Age in Place?

The growing popularity of text messaging has provided new opportunities for scammers. Here’s what you need to know to keep your personal data safe.

Jul 12, 2023

Text Message Scams: How to Identify, Report, and Help Protect Yourself

Peer-to-peer (P2P) payment platforms offer a fast, convenient way to send money online. Learn five tips for doing it safely and securely.

Jul 11, 2023

Sending Money Digitally: 5 Safety Tips for Older Adults

A senior father and his son are discussing his financial troubles and trying to figure out a budget.

Jun 30, 2023

Get the Facts on Senior Debt

Scammers use certain tricks to engage and manipulate older adults. Learn more about their techniques and how you and your loved ones can stay safe.

Jun 14, 2023

3 Ways to Stop Scammers in Their Tracks

Employer matching contributions can help grow your retirement savings more quickly—and it’s never too late to start. See why enrolling makes sense.

Feb 27, 2023

Matching Contributions 101: How to Maximize Your Retirement Savings Now

Need to quickly grow your savings? Explore the pros and cons of a high-yield savings account and how to open one in this guide for older adults.

Feb 22, 2023

The Importance of High-Yield vs. Traditional Savings Accounts

Medicare Savings Programs and Medicare Medical Savings Account Plans can both help you manage your Medicare costs—but their similarities end there. Get the facts.

Feb 15, 2023

Medicare Savings Programs vs. Medicare Medical Savings Accounts: Are They the Same?

Good money management sometimes means you have to spend less, especially if you’re on a tight budget. Maintain financial stability by saving more money with these 6 tips.

Sep 14, 2022

How Can I Save More Money? 6 Tips for Reducing Your Expenses

Is a prepaid debit card for you? Learn about the types of cards available, how they work, and whether you should consider using one.

Sep 2, 2022

Should Older Adults Use Prepaid Debit Cards?

New to online banking? The right knowledge can empower you to add it to your budgeting toolkit with confidence. Here’s what you need to know.

Sep 2, 2022

How Can I Budget My Money With Online Banking?

Learn what you need to know about the envelope method of money budgeting and whether it’s right for you.

Aug 26, 2022

How to Use the Envelope Budget System: A Guide for Older Adults

Managing credit card debt is key to financial security—yet many older adults can’t make ends meet without putting daily expenses on a charge card. While it can be challenging, it is possible to get credit card debt under control. These 5 key strategies can help.

Jul 29, 2022

Getting Help with Credit Card Debt: 5 Things Older Adults Should Know

See how budgeting your money can help you achieve greater financial stability as you age and learn how to get started with this practical step-by-step guide.

Jul 18, 2022

How to Budget Your Money: A Guide for Older Adults

What does it mean to be on a fixed income? Seniors on a fixed income depend on largely on limited funds from Social Security, pensions, and/or savings to live.

Jul 18, 2022

What Does Living on a Fixed Income Mean?

A senior Black man is shaking hands with a professional offering a debt management plan. A debt management plan can provide relief by rolling several of your credit card balances into a single, manageable monthly payment.

Mar 2, 2022

What Is a Debt Management Plan?

A senior woman is managing her finances as she sits at her kitchen table.

Feb 22, 2022

Is Credit Counseling Worth It?

A senior Caucasian woman is balancing her checkbook at the kitchen table, thinking about retirement.

Feb 17, 2022

What Women Want in Retirement

May 13, 2021

How to Understand Your Investment Risk Profile

If you decide to hire a financial professional to help with your investment choices, here's how to prepare.

May 13, 2021

How to Work with a Financial Professional

Systematic and unsystematic investment risk affect your financial portfolio in different ways. Here's what to know.

May 12, 2021

A Guide to Types of Investment Risk

Choosing the right account to tap into is key during retirement. Here's what to keep in mind when developing a cash flow distribution plan.

May 12, 2021

How to Develop a Retirement Cash Flow Distribution Plan

These tips will help you decide how much credit and debt you can comfortably handle before and during retirement.

May 5, 2021

Understanding Borrowing and Credit When Retirement Planning

Use these five money management tips to help boost your income and savings.

Mar 22, 2021

Five Tips to Boost Your Income and Savings

The idea of including stocks in a retirement portfolio scares some people. Why? Stocks increase and decrease in value frequently.

Feb 16, 2021

Why You Should Consider Including Stocks in Your Retirement Income Portfolio

Most people are familiar with savings options available from banks. It can be beneficial to include stocks and bonds in your retirement planning portfolio.

Jan 5, 2021

Investing in Stocks and Bonds

Wondering what you should focus on as far as finances at each life stage. Our guide gives tips for every decade.

Jan 4, 2021

Financial Targets by the Decade

A close-up shot of a red keyboard key that says "Fraud Prevention" in all caps.

Dec 21, 2020

22 Tips for Seniors to Avoid Scams

Time is your best investment friend. It's never too late to start saving for retirement.

Dec 9, 2020

How Much Should You Save for Retirement?

It is reassuring to go into this new period of life with the assurance that income needs will be covered. Here's how to diversify to help that happen.

Dec 9, 2020

Why Should I Diversify My Retirement Income?

A senior couple is gardening together in front of their house.

Dec 3, 2020

Get the Facts on Reverse Mortgages

A Black, working senior woman stands with her arms crossed in front of a paint store.

Oct 19, 2020

Women: Put Yourself First in Planning for Financial Freedom in Retirement

senior masked caucasian couple receives a grocery delivery at home during the COVID-19 quarantine

Oct 15, 2020

Retirement Related Implications of Covid-19

Required Minimum Distributions are the minimum amount individuals must withdraw from tax-deferred accounts each year. Here's what to know.

Oct 2, 2020

Required Minimum Distributions, Original Owner Plans

After entering retirement, people often become concerned whether enough money will be available to cover current cash flow requirements. Here's some guidance.

Sep 28, 2020

Your Retirement Portfolio in Three Buckets

Ramsey Alwin's father, smiling and enjoying life.

Sep 15, 2020

Aging with Dignity Shouldn’t be a Stroke of Luck

Building an emergency fund is one of the core financial activities to support financial well-being. Here's what to keep in mind.

Sep 8, 2020

Having an Emergency Fund is a Very Good Idea

Traditional retirement savings/investment plans require minimum distributions (RMDs). Here's what to know.

Jul 2, 2020

Required Minimum Distributions, Inherited Plans

A line of wooden cubes with the word "Help" and pile of coins are staircased to signify how to boost your budget.

Jun 3, 2020

Beyond Food and Medicine: Other Ways to Boost Your Budget

A senior woman is at home, sheltering in place and wearing a mask.

Apr 14, 2020

Tips for Homeowners Facing Hardship During the Pandemic

An older Hispanic couple, alongside their son, are looking at a computer, discussing their financial situation together.

Jul 20, 2018

Thinking About When You’ll Claim Social Security Benefits Is Time Well Spent

The word "SCAM" is spelled out in wooden blocks on an old picnic table.

Apr 26, 2018

Senior Money Scams: 8 Tips to Protect Yourself

Two elder Vietnam veterans are embracing each other by the shore.

Jul 13, 2017

18 Benefits for Veterans: Helping Our Nation’s Heroes

A senior Hispanic man is using his credit card while making an online purchase.

Aug 3, 2016

Ready, Set, Bank™

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