The “Managing Someone Else’s Money” guides can help you understand your role as a financial caregiver, also called a fiduciary. Each guide explains your responsibilities as a fiduciary, how to spot financial exploitation, and avoid scams. Each guide also includes …
Millions of working Americans are missing out on a valuable tax credit – The IRS’ Retirement Savings Contribution Credit or Saver’s Credit. The 18th Annual Transamerica Retirement Survey found that an alarming 72 percent of women are unaware of the …
What Is a Reverse Mortgage? A reverse mortgage is a way for homeowners to borrow against the equity or value of their homes. Called a reverse mortgage because instead of you making payments to a lender (as in traditional mortgage) …
Looking for a Financial Advisor? Do your homework first. The key to choosing a planner is knowing what services they provide and what services you need. You should know exactly what services you are getting, how much they will cost, …
“Neither my spouse nor I know anything about investing. Who do you go to for advice?” Many people learn about financial planning by reading. They cull through the financial pages in newspapers or online and read financial magazines and books. …
Preparing for Emergencies Insurance Check your current homeowner’s or renter’s insurance to see what your policy covers. Most homeowner’s insurance does not cover any damages caused by flooding, but flood insurance is available to defray the cost of potential damages. …
Keep these financial documents in a box or file cabinet at home: The last 7 years of your tax returns (state and federal) With each year’s tax return, keep: W-2 forms Income statements from your bank and mutual funds (called …
The Earned Income Tax Credit (EITC) is one of the most beneficial tax policies for low-income families. It is a refundable federal income tax credit for individuals and families who work and meet certain requirements. To be eligible for the …
The increasing frequency of reverse mortgages has unfortunately meant that mortgage scams are also on the rise. Preying on fears of financial insecurity, scammers convince the senior that a reverse mortgage is the answer to the senior’s financial problems. In …
Granting power of attorney (POA) to someone is a significant step. Having power of attorney over someone means having the right to make legal decisions for that person. Some people can use this power maliciously, causing a senior to lose …
WISER publishes its WISERWoman newsletter quarterly. Get a firsthand look at WISER's materials and the latest information, news and resources to help you plan for your financial future.
WISER publishes its WISERWoman newsletter quarterly. Get a firsthand look at WISER's materials and the latest information, news and resources to help you plan for your financial future.