AARP Social Security Calculator

When will you claim your Social Security retirement benefits?

"For many of us, Social Security is the most important part of our retirement picture, and deciding when to claim is a big decision. The amount of your benefit will depend on your average income over your working years, your spouse’s average income and the age at which you claim benefits.

This calculator will help you decide when to claim and show you how to maximize your benefits."

Use the following link to take advantage of this AARP tool.

Estate Planning Basics from Forbes

AARP - Social Security Planning

"The AARP Social Security Resource Center is as an online retirement-planning tool designed to help you figure out your eligibility for Social Security payments, when you can get them, and how much you and your family can receive. In this section you’ll find easy-to-understand answers on eligibility topics including:

• Who is (and isn’t) covered by Social Security.
• Criteria to qualify for retirement, disability, spousal and survivor benefits.
• Enrolling in Medicare.
• Social Security options for people living (and retiring) abroad.

Use the web link to visit the AARP Social Security Resource Center.

AARP - Can You Afford Senior Living Housing?

"The senior living community recruitment drive floods retiree mailboxes with glossy pamphlets showing spacious apartments, fancy dining rooms, gyms and swimming pools. It looks great – but look before you leap."

Senior Planet from AARP

"The choices abound, but how do those of us nearing retirement cut through the chatter choose a senior living community that works for us. And probably most important of all, what happens if you run out of money?"

Check out this July 2024 article from AARP by Rodney A. Brooks for some important questions to research before making the leap. Do the research!

Keystone Law Firm

What Is Estate Planning?

It is preparing for what happens to your assets before and after you pass away. It involves deciding who manages your properties while you are alive and to whom you pass them on after your death.

The goal of an estate plan is to ensure that your wishes are carried out, and your loved ones are well taken care of after you’re gone. It can also include making arrangements for healthcare and end-of-life decisions.

There are various estate planning tools that you can use to protect your loved ones and prepare for various situations in the future.

NCOA Adviser - Estate Plaanning

NCOA Adviser has reviews on popular estate planning tools for your review.

For more information check the following link.

Senior Living.org

NOTE: SeniorLiving.org is supported by commissions from providers listed on our site. Read our Editorial Guidelines

This is Our “Why”

From senior housing to health, technology, safety, retirement and estate planning, and more, our mission is to empower older adults and help them age with ease. SeniorLiving.org also has the most comprehensive directory of senior living options, hands down. Our guides, reviews, and other articles are written by a team of editors and senior care experts with diverse backgrounds. This team features senior tech experts, senior safety experts, audiologists, home care experts, senior mental health experts, and senior financial law experts, to name a few.

Our resources and reviews are backed by data from reliable sources, including government sites, senior care studies, and our own expert-led research team. We use real facts and figures, along with hands-on testing, to inform our advice and recommendations. We’re known as a compassionate resource for senior living articles, reviews, guides, and studies, and we never compromise on publishing objective, unbiased information. Our 10 core ethics are at the heart of everything we do:

• Honesty
• Transparency
• Accuracy and up-to-date information
• Empathetic
• Compassionate
• Informative and helpful
• Inclusive and respectful
• Trustworthy and credible
• Authoritative
• Objective and unbiased

You can use this site for:

• Retirement Advice
• Housing Options for Seniors
• Discounts and Perks
• Medical Alert Systems
• Hearing Aids
• DIY Technology

Check out the SeniorLiving.org - "Best Lists" for good shopping information

AARP - Money Map

Navigating your finances just got easier.

Whether you're managing debt today or saving for tomorrow, let AARP Money Map™ guide you to better financial health and peace of mind.

Take Control of Your Money.

Our free online money management tools help you slash your debt, build up savings, and more.

Features focused on your finances.

GET YOUR PLAN

Get personalized plans that fit your goals. Your plan includes tips and monthly activities that help you stay on track.

GOAL TRACKING

Track your financial goal progress against your action plans for reducing expenses, paying off debt, saving for emergencies, and more.

CALCULATORS

Estimate the costs of using a credit card or borrowing money via a personal loan, home equity loan, or retirement plan.

DASHBOARD

See your road ahead clearly with a central view of your tools and progress.

DEBT PROJECTIONS

Find your best route for paying off debts with estimates for payoff dates and possible ways to save.

FUNDING SOURCES

We’ll help you navigate the pros, cons, and true costs of payment options for unplanned expenses.

MILESTONES

Create a savings plan complete with milestones to help keep you on track.

BUDGETING

Use Budget Builder to help prioritize expenses, pay down debt, and reach your savings goals faster.

Use the following link to access the AARP Money Map tools.

AARP Retirement Calculator

AARP Retirement Calculator: Are You Saving Enough?

Find out when — and how — to retire the way you want.

Are you financially prepared for retirement?

Thinking about retirement can be overwhelming. You may ask:

• Am I saving enough?
• When can I afford to stop working?
• How long will my money last?

Use the AARP Retirement Calculator to help plan your financial future so you can retire when - and how - you want. You've got options. This calculator will help you discover what they are.

Use the following link to access the AARP Retirement Calculator.

AARP - 5 Things You Need to Know About Finances When Turning 65

"It’s a pivotal age for retirement planning — even if you aren’t ready to retire yet."

"Gone are the days when most people retired at 65, received a gold watch, then lived off their pension and full Social Security benefits. But 65 is still an important age financially for retirees and near retirees, in terms of both what you get and what you don’t."

Check out this article from AARP for some hints and tips on actions you need to be considering when approaching. 65.

Arizona Property Tax Exemptions for Seniors

All property in Arizona is subject to property taxation, unless specifically exempted under the laws of the United States or under the provisions of the Arizona Constitution and related statutes. This publication provides a brief overview of the individual and organizational property tax exemptions that are available in Arizona.

Individual Property Tax Exemptions -

The property of the following Arizona residents may be exempt from property taxation up to a certain dollar amount, which is adjusted annually to account for inflation: ● Person with a total and permanent disability ● Widow or Widower ● Honorably discharged veteran with a service or nonservice connected disability

Senior Citizen Program -

The “Senior Freeze” program, officially known as the Property Valuation Protection Option, allows taxpayers who are qualified by age and income to have the assessed value of their primary residence fixed (i.e., “frozen”) for a renewable period of three years.

Use the link below to access more information.

AARP - 6 Financial Mistakes You’ll Regret When You’re Older

Act now to avoid common money missteps that could haunt you later in retirement

"Americans with retirement on the horizon are worried.

A recent AARP survey found that 20 percent of adults 50-plus have no money saved for retirement and 61 percent are concerned they will not have enough money to support themselves during their so-called golden years. Add unexpected injuries, illnesses, divorces and deaths to the mix and it’s easy to see why pre-retirees are losing sleep."

Check out this AARP article from May 2024 to identify these possible planning missteps.

AARP - Financial News & Investment Advice

Money

"Get the latest financial news and expert advice on money management to budget effectively, spend wisely, build a nest egg and live well in retirement."

AARP does a good job of defining the basic financial concepts that relate to successful retirement and senior living. Check their website for some valuable resources.

Your Guide to Estate Planning - Protect and preserve the things that matter most.

"Although it may seem like an exercise reserved for people who are older, or extremely wealthy, estate planning is a critical component of everyone’s overall financial plan. Planning ahead allows you to make your wishes clear regarding who will inherit your assets and under what circumstances."

"In this guide, we’ll outline the basics of estate planning so you can come away with a more focused picture of what you want your plan to look like. If you have a complex estate, you should consider additional planning beyond what is discussed in this guide."

Use this website to review T. Rowe Price's Guide to Estate Planning.