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Important Tips For Seniors Ahead of Tax Season

As soon as the new year comes around, most people start to think about when they're going to file their taxes. For seniors, this process can be a bit confusing, especially because most receive income from non-taxable sources, such as Social Security and tax-exempt bonds, according to Daily Finance.

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Avoid Scams This Holiday Shopping Season

The holiday season is an incredibly busy time of year. Between the shopping, cooking and celebrations, there is often much to do in the weeks between Thanksgiving and New Year's Day. Unfortunately, however, this time of year is also when con artists are at their busiest as well.

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Understanding The Medicare Part D Prescription Drug Coverage Gap

As seniors age, they become more vulnerable to a wide variety of chronic diseases that require medications. According to MUST For Seniors, a resource for adults and caregivers provided by the National Council on Patient Information and Education, seniors make 34 percent of all prescriptions purchases in the country. As the aging population continues to grow, the U.S. is working to ensure that all older adults are able to afford the necessary medication. The Medicare Part D coverage gap under the Affordable Care Act was designed to make covered prescriptions more accessible for seniors.

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How Seniors Can Prepare For Emergencies

Emergencies such as natural disasters can strike at any time. If you're an older adult, you may not have as many resources as a younger person, especially if you live alone. Whether you live at home, with relatives or in an assisted living community, getting evacuated or being trapped in your home can be traumatizing if you aren't prepared. Consider these tips to keep you safe and prepared for anything.

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4 Financial Musts for Seniors

Years of planning for retirement are only as good as how wisely you spend your financial nest egg in your golden years. Seniors are often the most vulnerable to financial woes as they age whether it is because they can be too trusting or are less involved in their finances than they once were.

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Seniors Get Tax Break In Home Development

Seniors, rejoice! Whether you live in an assisted living facility or you're living independently in Canada, you'll be getting a major price cut for home renovations thanks to recent tax breaks.

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4 Misconceptions About Older Workers

For employers, hiring skilled workers with a good general knowledge of their particular practice is essential to a successful company. However, according to the Government of Canada, there's one change predicted to occur within the foreseeable future that could have major impacts on the labour force. Employers can expect that many of their potential employees will be older than before. This suggests they may need to make a few necessary changes to recruitment strategies. 

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How To Prepare End-Of-Life Care

Starting a discussion about end-of-life care can be incredibly difficult. Many family members may not know what to say without offending their loved ones. However, addressing these matters now can help make things a little easier for you and others later on. Use these helpful suggestions on how to prepare for end-of-life care.

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