Never trust a stranger with your finances no matter how faithful they look

Never trust a stranger with your finances no matter how faithful they look

Sometimes we seniors tend to trust strangers with our finances especially when we do not have relatives or heirs to our wealth. As much as we would like to make them feel like they are being rewarded for being faithful, we should not entrust everything to them. If you have no one to manage your finances, then it is very crucial to look for other ways of making sure that your finances are secure and safe. Always remember that your finances after retirement will be your source of help since you have no one whom you call a relative or heir. Instead of entrusting your finances to an outsider, here are a number of ways to do in order to keep your finances safe during your senior age.

Allow the bank to manage your finances

With the current world, it is now very possible to allow a bank to manage your finances as long as those finances are held on their account. As soon as you entrust a bank to manage your finances, here are some of the services they will offer. First, they will make sure that your monthly bills are paid on time without delay. Although they do this for a small fee, you stand a chance to become efficient in terms of payments for services. Secondly, once given standing orders, the bank will never forget to complete any transaction given. Unlike depending on your memory, the bank will always do payments and receipt of payments on time and they never forget anything you order them to do. Thirdly, the bank will always notify you in cases where your signature is required.

Allow the power of Attorney to be the final decision

Considering that you are a senior who has no heir or relatives, it is very crucial to make sure that you entrust your finances to an attorney. With an attorney, you will have an opportunity to decide how your finances will be run or how they will be shared when you are no more. The attorney in this case well act as your financial trustee and not someone who has interest on your finances. Unlike entrusting a stranger or a non-relative to your finances, an attorney will always execute that which has been agreed between you and him/her. In so doing, you will have avoided financial risks associated with entrusting your finances to a stranger.

Avoid using your social security funds until when you have run out of strength

Avoid using your social security funds until when you have run out of strength

Seniority can be described by old age that comes with lose of strength as we advance in life. That being a fact and something natural, it is very important to make sure that our finances are so secure so that it can be able to last us till the end of our days on earth. There are some of those seniors who will start consuming their social security funds as soon as retire. No one is against such an idea but it is better to survive on other means and save of your social security funds. Someone will ask, “Why should I wait until am too old and without teeth so as to start enjoy my retirement finances?” There are a number of reasons why you need to follow this advice.

Delaying your social security spending helps you save for later

Considering that social security funds comes on monthly basis, saving it in your bank account will ensure that you have enough finances crucial for your aid during your old age. As you grow old, it is natural that you will run out of strength, you will never be able to work and you may start being dependent on others. Now, in order to make sure that you don’t depend on anyone financially. Seniors should therefore make sure that they delay spending their social security finances so that it can finance your later old age.

Your social security is your source of income for old age

It is important to remember that you have no other source of income as soon as you retire. In order to increase the amount of money you can withdraw per moment in terms of security fund, you need to make sure that you delay spending your finances until when you are about 70sand if possible, start consuming large percentages at 80s.

Choose the right retirement finance plan

Just like we have said, you need to choose the right finance plan during your retirement. That means you need to select a plan that does allow you to start benefitting when it is the right time. Always choose a plan that ensure that your finances are spread throughout your life. For example, if you have just retired, you need to choose a plan where you only claim your social security funds at the right moment.

4 mistakes that an elderly investor should never commit

4 mistakes that an elderly investor should never commit

The quality of life at an elderly age major depends on your financial conditions.  If you want to keep yourself secure financially, there is no alternative to regular investment. To be precise, you need to take the right investment approach. Here are a few common mistakes that you should never commit with your investment planning.

Opting for high risk bearing investment instrument

As an elderly person, you will finance all of your expenses from the proceeds you will get from investing your lifetime savings. So, at this phase, you cannot afford to choose those instruments and domains that are excessively risky.  Investing in such instruments, you will stand the risk to lose a major part of your lifetime savings that has been invested in these areas. At this age, it will be impossible to manage such losses. Ideally, you should look for investment options that produces fair extent of return, without exposing you to significant risks.

Not adding diversity to the investment portfolio

Another blunder will be made, if you are not adding diversity to your investment portfolio. You should try to diversify the total portfolio between the maximum numbers of investment tools so that you can gain the best from all these words. Also, with diversity, you will be in the position to manage a loss incurred from one of the instruments with the gains incurred from other areas. This way, you can retain a balance in your investment portfolio and escape investment risks and threats to a major extent.

Ignoring the aspect of liquidity

Especially for elderly people who might find themselves in dearth need of cash any moment, it will be an investment sin, not to give the due importance to the aspect of investment liquidity.  In such instances, you will find it impossible to manage the need of dearth cash, if any. Hence, you need to add those investment instruments to your portfolio that are easy to liquidate.

Excessive importance on gold as an investment option

Though it is a fact the gold is one of the most effective investment instruments against inflation, and it retains its value for the longest span, however, it may not be the preferred investment instrument for an elderly person, as gold  never generates revenue gains. You can only expect returns from it, when you liquidate the asset. In addition, storing gold can expose you to various threats and risks.

Healthy Eating Tips for Seniors

Healthy Eating Tips for Seniors

Herbs for health: Many people think that herbs are just seasoning for our food. But herbs also contain antioxidants that prevent heart disease and cancer.

Antioxidant properties:

Among the well-known herbs with antioxidant properties include coriander, dill, garlic, oregano, parsley, tarragon, rosemary, and thyme.

There is no need to take multivitamins if you eat healthy food.

Vitamins are organic components of food, necessary for the body to grow, develop and restore. They can be divided into two categories: fat-soluble vitamins A, D, E, F (basic fatty acids) and K and water-soluble vitamins B and C, choline and folic acid, which dissolve in water.

Fats come in two categories: saturated fats (mostly animal fats that should be consumed in moderation) and unsaturated fats (of vegetable origin. These are considered healthier than animal fats). Their consumption should be limited, although some unsaturated fats contain fatty acids that are vital to the body.

Calories: They’re used to measure the energy contained in food. For the normal functioning of the body, it requires a certain amount of calories, which must be balanced to maintain weight.

Minerals are the basis of bones, teeth, tissues, and cells. The body does not produce them by itself and can receive them only through a balanced diet. They can also be divided into two groups:

Macrominerals (necessary in large quantities) – calcium, chlorine, magnesium, phosphorus, potassium, sodium;

Microminerals (needed in smaller quantities) – copper, florid, iodine, iron, selenium and zinc.

Proteins are made up of formations called amino acids, some of which the body can produce by itself. However, the body must absorb vital amino acids from food. Meat, fish, eggs, and nuts are rich sources of protein.

Carbs are divided into two categories: simple carbohydrates (sugar), which are quickly absorbed by the circulatory system and have limited nutritional value, and complex carbohydrates (starch), which are slowly absorbed into the blood and contain more fiber, vitamins, and minerals. Cereals, rice, and pasta are our main source of energy; they should be about 40% of the diet.


Plays a vital role in health. It’s recommended to consume 1-2 liters of water per day.

Dairy products:

Milk, cheese, and yogurt are rich in calcium and vitamins.

Supplemental Policy: Older people who’re at least 65 must check out Medicare Supplement Plans 2019 since they enable them to cover coinsurance.

Easy Recipe to Lower the Blood Pressure in Seniors

Easy Recipe to Lower the Blood Pressure in Seniors

Heart diseases and high blood pressure are often thought to be associated with older people. Nevertheless, the number of such diseases among young people is also on the rise.

Fatty foods, excess salt, smoking, and a sedentary lifestyle increase the likelihood of developing hypertension in all age groups. This condition is dangerous and must be treated. So, it is recommended to lead a healthy lifestyle that includes regular exercise and a low-calorie diet, and use some traditional natural medicines.

In order for blood to reach any organ in the body, it is necessary for the heart to push it through the vessels. When blood is propelled through the vessels, some pressure is created.

If your arteries are healthy, then they remain flexible and blood flows through them easily, without exerting excessive pressure.

Things to Take Into Account:

Strong pressure in the vessels in the most severe cases can cause a heart attack or stroke. Cholesterol can be deposited on the walls of blood vessels and even completely block the artery, which causes poor circulation and severe heart attacks.

Recipe to Lower the Blood Pressure in Seniors:

A delicious soup of potatoes and onions:

Onion helps reduce the number of lipoproteins and cholesterol in the body, which helps to reduce blood pressure.

To make this soup, you need the following ingredients:

1 kg of potatoes

2 large sliced onions

2 mashed garlic cloves

2 sliced ??carrots

5 ml of vegetable oil

1-liter vegetable broth

225 ml of natural yogurt.

The Recipe:

Fry all the vegetables in the oil for five minutes. Make sure that you don’t burn any vegetable.

Add a liter of vegetable broth to the pan and carefully put all the ingredients in boiling water.

Boil the mixture for about 25 minutes until the vegetables are completely soft.

Beat the mixture using a blender or mixer.

Add yogurt and some coriander as decoration for your soup.

Make this fresh, delicious potato and garlic soup to get rid of the lipoproteins and cholesterol from your body as well as to lower your blood pressure level.

About Supplemental Plans: Older folks living in the US should consider 2020 Best Medicare Supplement Plans via by private companies to cover copay.