{"id":9715,"date":"2016-07-07T07:00:03","date_gmt":"2016-07-07T12:00:03","guid":{"rendered":"https:\/\/www.senioradvisor.com\/blog\/?p=9715"},"modified":"2017-09-19T18:36:17","modified_gmt":"2017-09-19T23:36:17","slug":"10-financial-resources-for-seniors","status":"publish","type":"post","link":"https:\/\/d30braiqprupoq.cloudfront.net\/blog\/2016\/07\/10-financial-resources-for-seniors\/","title":{"rendered":"10 Financial Resources for Seniors"},"content":{"rendered":"

10 Financial Resources for Seniors\"10<\/strong><\/h1>\n

Life after retirement is great. You have so much more time at your disposal than you ever did during all your working years. All that stuff you wanted to do but never had the energy for after a long day of work is finally within reach.<\/p>\n

The obvious downside is, of course, that you won\u2019t have that paycheck coming in each month. For most people, the tradeoff of having more free time means having less money to spend month to month. Unless you\u2019re lucky, an especially good planner, or someone who held out on retiring for longer than usual, your retirement savings and social security<\/a> are likely to add up to less each month than what you were used to getting during your working years.<\/p>\n

For some seniors, that means you need to develop more frugal habits. For others though, the difference could be stark enough that you need to turn to outside help.<\/p>\n

Luckily, a number of organizations and government agencies provide financial resources for seniors in need. Here are a few of your options.<\/p>\n

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  1. USA.gov<\/a><\/strong>
    \n<\/strong><\/li>\n<\/ol>\n

    A lot of people qualify for government benefits they never take advantage of because they just don\u2019t know they\u2019re there to begin with. USA.gov makes it easy to search and browse the types of assistance available from the government. The website includes categories like food assistance, affordable housing, social security, help with bills, and grants and loans.<\/p>\n

    If you\u2019re having a hard time making ends meet, you may find you qualify for some government assistance that makes getting through each month a little easier.<\/p>\n

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    1. Benefits Check Up<\/a><\/strong><\/li>\n<\/ol>\n

      The National Council on Aging\u2019s Benefits Check Up site provides a similar service, but makes the search process a little more focused on your particular situation. Instead of browsing what\u2019s out there, you start by providing a few details about yourself and your specific needs, then the website will help you identify what resources are available in your area that can help you meet those needs.<\/p>\n

      The Benefits Check Up website is designed specifically with seniors in mind, so it\u2019s pretty intuitive and makes the process of finding the benefits you qualify for as easy as possible. To date, it has helped over 5 million people get over $16 billion in aid.
      \n<\/strong><\/p>\n

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      1. Women\u2019s Institute for a Secure Retirement<\/a><\/strong><\/li>\n<\/ol>\n

        On average, women outlive men<\/a><\/strong> by five to ten years. Mostly, a longer life can be seen as a good thing. But if a woman retires at roughly the same time as a man, after having met the same savings goal, then her calculations won\u2019t add up right. She\u2019ll end up with less money per year during retirement than her male counterparts.<\/p>\n

        WISER, the Women\u2019s Institute for a Secure Retirement, recognizes the unique financial challenges that face women and thus seeks to help out women specifically. They provide a number of educational resources and do advocacy work to help bring attention to the economic challenges faced by senior women.<\/p>\n

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        1. National Council on Aging\u2019s Economic Security Programs<\/a><\/strong><\/li>\n<\/ol>\n

          The National Council on Aging provides a number of programs for seniors<\/a><\/strong>, including several focused on helping seniors achieve financial health during retirement. Their programs cover a few key subjects that can help seniors get through their retirement years with fewer financial concerns:<\/p>\n