Banks are freezing my account. I am on SS and only get 1300 a month anyway. They made it illegal to get a SS hard copy check, so they have total control and there is nothing you can do about it. I am not the only one going through this. Atop lying to people.
@@SeniorLivingOrg Just found you & have a few thousand words. Yes, the poverty line for aid may change (also depends on the state if state aid), but the line hardly reflects cost of living! Not to mention it changes by minuscule amounts each year. No matter how hard you try to get back to productive society, the system is designed to keep you down. And please no preaching- I worked since I was 13, went to university full time while holding down a full time job and graduated Summa cum Laude. Between my husband & myself we had 6 figure income. A wonderful life until the Great Recession of 2008. The IT pros went first ( me). Oh… and lost my entire 401k. Then my husband suffered a massive MI where he could no longer work. Income went from 6 figures to 0. Parents were elderly & being the only able-bodied child, any job hunting was derailed to become caregiver for husband & parents. All creditors I took care of years ago. Even had to go to our State’s AG for resolution on some, so know many (not to presume all) all the creditor procedures to call off the dogs. However, NOTHING compared to how BOA took us to point of being destitute until the thieves were paid off years later. In fact, We won the Class Action lawsuit brought against them & Countrywide, but they put proceeds at end of loan. We never saw a penny. That was BS. We had no car payment, no credit cards since our credit was by now in single digits thanks to BOA lawlessness. The refinance & forbearance plans were both a huge fail and cannot express how detrimental to finances those were. Your creditworthiness & credit risk would fare better with Bankruptcy. The stress on my husband (already at stage 3 HF), on myself, & even my parents was such that I wish I could have sued them not only for our court awarded proceeds they ended up keeping, but moreover the pain & suffering. Caring for elderly family members broke my health physically & emotionally, putting me on disability. At 52, you can imagine that reduced sum. My dad was a WWII & I had to fight like hell to get him just VA Rx benefits. And a free grave marker.. kinda insulting. I am now 64, my husband passed in 2020 at 73, my Dad in 2010, and mother passed 2 weeks ago at 99. You just mentioned life insurance. THAT was a trigger! I respectfully call BS! My mother had a spending addiction (that even I couldn’t cover to help Dad). She cancelled both hers & my elderly mentally disabled (from birth) brother’s life insurance to have that extra money. Plus she took a loan on my brother’s policy! So I am now struggling to survive for not just myself, but now must figure out how to pay to inter both my brother’s (who passed 6 months before mother) & mother’s cremains! My dad had planned & purchased 5 full burial plots in FL in the 70’s, including now outdated (they tell me) vault/casket combo. Of the 5, 2 are now taken, with only my grandmother being interred in a casket & vault. My Dad was cremated. Nevertheless, to inter the cremains for my brother & mother, the cemetery wants ~$3500 or more to dig ONE hole (need 2) - something I could do myself with a post hole digger! Forget receiving any credit back on the remaining unused plots. I don’t want to go thru the hassle to sell them myself. I have enough on my plate & doubt they would sell anyway. When my husband passed in 2020, there was still a mortgage, but because there was no able body or funds to maintain the home for so many years (lovely old rock house), it wasn’t habitable. It sat on 15 acres & I sold it just as the land. Received enough to get out from under the mortgage. Look-I took financial management courses in grad school, but it still doesn’t prepare you for having the financial rug pulled out through total loss of your retirement savings & your career, not to mention the deceitful lenders who then turn into predatory vultures on steroids. Especially when you are at rock bottom & suffer the embarrassment & shame both you yourself and society places on you. So dehumanizing. Today, some 4 years after my husband passed, my credit score has only made the ‘good’ category. And I’ve been struggling to increase that since he passed. Even so, my credit is frozen & will stay that way. Tho I could use a small personal loan, my income is a killer. Been trying for years to find employment I can do, but even in the land of old ppl, no one wants to hire a senior, not to mention one with a huge gap in their employment history (caregiving doesn’t count). I did do rideshare during COVID years, but after having a gun pointed at me & being used as a drug mule, I shut that sh$t down! In short, I am no malingerer. I now live in an older RV on what was my property, but the new owner is now finished restoring the house into an AirBnB. I have a month left at best. I pay my way-The utility is still in my name & I pay it - even tho the RV uses 5% of what the house uses. I consider it a sort of lot rent. Plus I look over the property or whatever he needs of contractors since he doesn’t live near here. And no- I do NOT live in the house… it is no longer mine. What the future brings I have no idea. Maybe head west, who knows. I must impart fair warning to all who think they have it all planned out: barring generational wealth, you too can find yourselves on that slippery slope. I pray you don’t. For me, to climb back without any family support is a challenge. But I am stubborn; I refuse to backslide to the muddy pit of no return. At least I pray I don’t. Some of this may be off topic of this video, but hearing of what can & should be done, I felt compelled to expose that it doesn’t always work. Through no fault of our own. The best laid plans and all that. **However, my brother-in-law’s exact same advice to my mother (unknown to me) to drop life insurance has really put my financial security further in danger. He even advised ME to cancel my Life Insurance! That’ll be a big H$ll no! Tho no family is left, I don’t feel like having my ashes co-mingled in the pauper’s section! Nope-I’m keeping my insurance, if only for animal charity, with enough so I will have somewhere as a final resting place. So not sure the circumstances the advice was given to cancel Life Insurance, but for many - and the survivors-Rethink that Life Insurance! That’s my experience, anyway. Sorry-I know much is off topic from the subject of your video. Just know that one -or ten- solutions does not fit all.
@@glennso47People still have answering machines? I have my cell phone set to ignore all unknown numbers. If it’s important, they can still leave a message on my VM.
@@glennso47if the phone number is not one from my contact list it goes automatically into voice mail. If they don’t leave a message I know it’s a scammer. I block the call.
I pay $26.00 per month for life insurance. It is for $5,000.00 to pay for my burial. My car and house are paid for. Neither one is new or fancy but they serve the purpose. I turned off my internet service several years ago and haven’t had tv in 20 years. I do have a cell phone so I keep up with things that way. I don’t go to doctors so I don’t have medical or drug bills. I try to exercise by working outside and eat healthy so I don’t get sick. I just worked on a budget today so I could keep track of what I am spending a little better.
I don’t need internet where I’m living now ~ but before I moved I got a discount with AT&T and paid only $10 per month. If you get a side hustle you may be able to write off a lot of your expenses related to your business. Like phone / internet / partial deduct for space in your home use as a office / etc Hope this helps 🙂💜
Julia: Healthcare providers say women ought to prepare to live to be 100 because many are, and healthcare providers can't predict who will. Most commonly, people get 3 years of warning about dying. Bodies tend to have 3 years of noticeably declining health as they are dying. Most have their biggest medical expenses during those last 3 years. How will $5000 pay for your burial? Do you already own a plot? Do you actually know how much your burial will cost in the future? Can you buy a burial with monthly payments locally and then OWN a burial? When do you lose your insurance due to a missed payment? Do you lose everything paid in if you miss 1 payment or 3 or what? Are you really only paying for a feeling ? I am told cremation costs $1000. How much does a casket cost? How much does a plot cost? In our area, even a resale plot costs $4000. That is when people retire out of State and buy a new plot there and want to recover something from the older plot. Have you explored homesteading your home, so it cannot be taken away from you? Have you applied for 'energy assistance'? That can pay hundreds of dollars of your annual utilities. What are you going to use for transportation when you get too old to drive? Will you order food online then it a cab ride to and from the grocery store each week? Nursing homes are only paid by Medicaid. Most seniors have to reduce their resources to qualify for nursing home. One of the things they buy is a prepaid burial. How are you going to pay for your next car? You feel okay with your current arrangements. Have you planned for the next 5 years? The next 10 years? The next 20 years? Personally, I don't have even a 10 year plan.
Thank you to you both, just when I had started to believe that I am now a liability and a burden to everyone you guys appeared and made me feel worthy, valued and appreciated. And I still have some precious rights. Thank you again.
My husband and I have been so worried about our debt as seniors. We are definitely struggling. We’ve been praying for guidance and this video has helped tremendously. ❤😊
I am on a pension and couldn't afford to pay my ever expanding credit card payments, I called a consolidation place after the card holders wouldn't work with me, they said "don't pay them, it is not considered an income so they can't do anything about it" so that's what I did, they kept lowering the payments over time, now I hear nothing, still have my pension! PS, I didn't have anything for them to take, like a home /property!
Helps will help with a lawyer depending on your income, from 0% a month to $40 a month that then is reduced to $20. You will be looking at a few thousand dollars over a few years. I’m paying $20,000 to a lawyer for a custody case.
My area I make too much to get medicaid and I have to pay for a helper or shopping. I cant get government rides to Doctors because I have to have Medicaid to use it. I only get $23 in EBT. After I pay rent and my bills including doctor copays, medication copays, I have less than $100 to spend on food not including essentials like TP, shampoo, dishsoap etc. I get $1500 a month. Food has gone up way higher than than recent cola raise. I have no dental help Im ready to go to heaven anytime now.
Aid to Veterans & Spouses who served in conflict is $ but the application is over 30 pages long. I think max is about $1450/mo. If you’re over 90, they will expedite it. Problem is it’s tedious application that if not filled out to perfection so it goes back and forth for months totally frustrated. There are companies that will do it for you. Advertise on net-be careful!! Some charge $2500. Too high. I went through this process for my mom. It’s worth the $. The fee to do this can be less than one monthly benefit payment. I found a great company through the assisted living facility. Patriot Angels. Super professional. Don’t overlook this benefit.
I just lost so much money from a scammer. He said he was in iol rig and there was an explosion on the rig he couldn't touch his money in United States. He said he was in a contract in Poland. I have a picture of his passport. But I can't find him he's from Africa I feel so stupid OK I gave him my money
Especially when they call you and claim to be an affiliate of Microsoft and that your computer has been compromised and you only have to pay them $500 dollars so they can fix it remotely. 🥴
@@milagrosarce5407 Well if you let it ever happen again , then shame on you , many habe been scammed , do not trust anyone especially on this modern tech internet
THAT is a real game-changer. It hit me right between the eyes when he said it. I had been worried that my saving, by living-thrifty, was not protected.
Question : what amount is 2 times my social security ie yearly? Fortnightly? Ie fortnightly might be $400 yearly that would be $10,500 . Do you mean never leave more than 21, 000 in your bank (in this example amount)?
@@ireneforestfairy1017I believe they are referring to what you get per month (which is usually the standard frequency for Social Security benefits). You should be able to go to their website to find out, or look at your state’s website.
As a former 10-year employee of a collection agency in CA, one thing not mentioned here is if a judgment is rendered against you, the winning party can also file an Abstract of Judgment in any county where you own real estate. If the judgment is not paid, that Abstract will pop up through the escrow process when the owner of the property goes to sell it as a lien against the property. Of course every state is different and there may even be a way around that. Also, Writs of Execution are not issued by a Sheriff, but by the court that awarded the judgment. Otherwise, good information here. ty
A judgement against you is an exception, it can come out of your SSDI and does..what do you do about that when you need it for yourself and you are a senior??
Yeh, I think they will get your money one way or another. He's kind of off the mark when he talks about Section 8. I know about that. The chances of getting on that are about 1000 to 1 ! And every year our gov't reduces it.
Actually in California persons buying a home should file a homestead exemption form in their county. Around $600,000 is protected and a judgment is not a lien on the home. Eric HELPS
Retirees who struggle to meet their basic needs are the ones who could not accumulate enough money during their active years to meet their needs. Retirement choices determine a lot of things. My parents both spent same number of years in the civil service, but my mom was investing through a wealth manager, and my dad through the 401k.
This is true. I'm in my mid 50's now. My wife and I were following this same trajectory. Last two years, I pulled out my money and invested with her wealth manager. Not catching up with her profits over the years, but at least I earn more. I'm making money even before retiring, and my retirement fund has grown way more than it would have with just the 401(k). Haha.
Its unfortunate most people don't have such information. I don't really blame people who panic. Lack of information can be a big hurdle. I've been making more than $187k passively by just investing through an advisor, and I don't have to do much work. Doesn't matter if the economy is misbehaving; great wealth managers will always make returns.
@@hasede-lg9hj I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same.
Firms can be unscrupulous as they prioritise their own commission over your profitability. On the other hand, I prefer working with individual investors like Vivian Carol Gioia, who only take a share from your profits, not your initial capital. I must say, my experience with her has been exceptional thus far.
I have been litterally in tears the last few days. Husband had died two years ago. I am part time employee at Kroger for just about 10 years now. Friends are of no help, so I am so glad I clicked on this video. Very helpful. We'll see how it goes. Thank you.
@@annettecantu3826 Difficult to find real friends who aren't out to use-you-and-discard-you...yes, even at church. What was it that Pres. Ronald Reagan said: "Trust but verify." Sorry to be so blunt, but it is a seldom-spoken truth. True friendship is becoming a thing of the past. That being said, thanks, Jeff, for this excellent, eye-opening presentation. I've subscribed because I understand it is up to ME, not people I know, to help myself find help when I need it.
I live very cheaply going to be 75 here wife died 20+years ago things don't always turn out the way you want them to be.. it's nice if you're lucky to make things work out that well
I've just subscribed to you, Jeff. That information was tasty and right to the point. Thank you for inviting the gentleman to your channel to speak to us seniors.😅
I am 65 and have been avoiding filing for my social security because of taxes I owe. This video is very informative and it might save my life. Thank you so much
@@patriciarussell1177 Update: I filed for my ssa and my first payment was last month. The amount is way higher than what I thought it would be and last month and this month my payment came a week earlier than expected
This was great! I need new teeth and my health is being affected! Yet, I am having a problem in the Michigan area. Help! Great show and will share it with my service clients!
Oh my I'm having an issue right now as I leave this comment with my teeth it's horrible my health is being affected tremendously my anxiety has paralyzed me I sure hope you find help this is so distressing being a senior and I'm not very smart everything is supposed to be done online and I'm not good at all with this technology
That would be stealing if the debt is actually and legally their own. The only reason I wouldn't pay a credit card is if someone else acquired the debt in my name. That has happened to me by scammers and criminals.
@@marciamartins1992 Most Medicare supplement plans have dental and vision plans. I have Aetna and get &1800 a year for dental and vision benefits. Also a monthly amount for healthy groceries and over the counter benefits.
I thought I had myself covered after I bought my house and paid my truck off. I hardly drive any where so no gas expense but, food and utilities tap me out every month. My roof is leaking, my living room floor is sinking in and my water faucets all need replaced again. I don't know what the future holds but we get by every month easy enough. My 94 year old mother came to live with me 13 years ago and I can't get a penny from the government caring for her. That's life in this small town...
If your mother was married to a man who served in military in wartime, or if she served in military during wartime, she may be eligible for aid and attendance through the Veterans Admin. You will need a Veterans org to help you. Start with a local American Legion or VFW. Keep in mind that These folks are volunteers not paid Gov employees but they try to help vets and vets widows.
Houses do need maintenance. Having had houses for many years now, I figure it costs approximately 10k a year to maintain an average house. If you get by for less one year, you have to bank that money for another year that will be more expensive, for the roof, or HVAC, etc.
There’s almost never a reason for being “car poor” if you’re a senior. Nearly every area in America has senior programs that provide transportation for shopping, errands, etc. There is also Uber now. I plan my trips in a way that costs me around 10% monthly compared to the cost of auto ownership. Some health plans provide transportation for Doctors visits, many pharmacies deliver now, and home health care is more available. Check out what resources are available. Do your homework. A car is a huge expense to someone on a fixed income!
No uber or any public transportation where I live. Those are programs that exist in the cities. I live in a small town, if you don't have a car you aren't going anywhere
@@Nortongroove I was making suggestions that work for me, instead of the financial burden of owning a car. My car was $550 dollars a month with payments, insurance, taxes, etc. That’s not counting maintenance, repair, fuel, and other costs. My monthly Uber costs are less than $100 dollars a month. Which is far less than auto ownership.
@@expatiate1 I’m sorry to hear that. I live in a community of 2,500 people, and they run a mini bus for seniors on Tuesdays and Thursdays out of our senior center. Myself and several other senior citizens petitioned the town a few years back for senior services at a town meeting. We were successful in getting funds for a small community center, staff, and transportation. There’s grant money out there for this. Perhaps attending your next town meeting and raising the subject might initiate some action. The squeaky wheel gets the grease.
Some of these things I already knew about, but I definitely didn't know about the debt repayment. Thank you both so very much for educating all of us seniors...it's a hard road to navigate alone sometimes...I was widowed almost 29 years ago now. My husband was in the military, hoping to make it a career...he almost made it, but Agent Orange, when he was stationed in Vietnam, made that impossible. He did manage to serve almost 18 years before being medically retired, after his second bout with cancer. He died at just 51, with his third & final bout. So much I've had to learn, since he passed away, but I think I've done pretty well so far, but I'm still learning too. I subbed your channel here too...I'm so glad it came up on my feed! Blessings to you both & to all seniors, as we all navigate our way through life.🙏♥
In Clackamas, Oregon, it took 10 years on the Section 8 list, but I am very grateful it finally came in 2018! Is there an affordable car insurance for seniors? My liability and comp are about $92 per month. Mike in Oregon
Hello could you tell me the name of that car insurance you got in New York all car insurance is high even just Liability insurance and I am a senior citizen and I still get charged a lot Have a blessed Sunday Stay Safe 🙏🙏❤️❤️
Sir, I am a senior. My income is ssi and only one annual annuity payment that comes in every July 5th. Back in July of last year I hired a company to help me pay off my bad credit card balances. I am paying $331.00 every month, it is getting tough to keep paying them. One credit card has not even been negotiated as of yet. My question can I change my mind and cancel this service? I know that will mean I will be back trying to pay them off on my own. But these monthlly payments to this company is getting difficult to manage. I feel like I am boxed in and really do not k owcwhat I can do now. I live in Michigan, I earn less than ,$1.500in ssi and as I said one annual payment before taxes in the amount of 5060.00. I live in a paid off 20 year old manufactured home in a park. Please help me I am alone and really have no one to turn too. God bless you.
I see no one wrote to you. Why don't you call the number provided and check with HELPS...If you have alot of balances, can you afford to declare bankruptcy? You can drop that debt service I bet. They are sucking your money. I declared bankruptcy and it was the best thing ever. Don't let debt collectors push you around.
That company is ripping you off, if you didn’t file for chapter 13, where is your money going, by law that company has to respond to a chapter 13 filing, I would cancel with that company immediately, if they have your banking info change it before you cancel, so they won’t have assess to your account then stop the payments, good luck
@@evinwhiteson4902 I stopped paying mine. Credit card companies shouldn’t give money to people that have none. You’re basically spending money that you don’t have. Add interest rates and you end up paying $100 for that $40 dollar shirt that was on sale. Don’t feel bad for credit card companies. Despite people defaulting on their payments, they still make money. They can write off the debt year end under losses and liabilities. P & L’s.
Yes thanks for the great refresher. Yeah when a note is up on a automobile I own I just keep the necessary liability. Being on disability in IL we did also apply for home tax relief and ended up getting 176.00 back which was a plus.
Thank You, your info is invaluable. I hang up on anyone that I don't know. I don't owe anyone. I kept getting calls from Amazon that I owed money. I DON"T have an account with them. These assha%* will do all they can to swindle money.
Thank you for this information. In September, I will turn 65 years old. I got my Medicare card. I'm slowly looking into supplementary type of health insurance. In October, I've signed up at my local Community College for Medicare classes. Thank you for this Channel.
get all the info you can...I am an advocate for Medicare beneficiaries...they do have programs that will help you in every state. ASK questions, go to the seminars, make sure you know the different TYPES of plans, the choices, and if you have a retirement thru an employer. PLEASE talk to the admin and find out if they pay for Part B, or if getting certain coverge will CANCEL out any benefits your retirement might be covering. the biggest advice I try to convey is KNOW your options. KNOW you can delay being on Medicare if you are working and still have employer coverage. MAKE sure you have credible drug cvg as that can cause a penalty. Be informed, and if you aren't understanding REACH out for help.
If you have any unpaid Federal taxes, the Internal Revenue Service can levy your Social Security benefits. Your benefits can also be garnished in order to collect unpaid child support and or alimony. Your benefits may also be garnished in response to Court Ordered Victims Restitution.
The IRS can offset 15% of SS after giving you 60 days notice. Many seniors can qualify for currently not collectible status with the IRS . Senior Living has videos on this topic. Eric HELPS
Not much 'help' discussed here except for some people who do stupid things - only - is what I heard ! I've done pretty much all recommended here and am still looking to move to another country where my money is worth perhaps 3 times more. (?) That $1500 SS / month I get here is worth maybe $4500 in Colombia or maybe Ecuador ? > Now THAT's what I call some 'HELP' !!! --- Or - maybe an $80 / month studio in the Philippines ? NOT a full third of my income !!! ($500) -- Or $1000 /month rent for a 1 bedroom normal price ? --- I 'qualify' for $15 / month food stamps on my income ! = Living high here in the US - huh ? > Sorry but Biden's America really '''SUCKS''' for us 20 million seniors.
With the thousands of videos on UT this video is undoubtedly the one that will help people the most. You should be commended for putting the information out there. I took your advise last week after I realize I was paying one-third of my income to Cr.Crd. debt. It was such a relief to go to the grocery and not have to count the pennies just to get the basics to live.
It's unreal how many companies advertise to help you, but only to make money at your expense. I saw a few things Eric mentions on gov. sites, but no attorney ever mentioned, or even acknowledged these were possible solutions. Thank You, for Being here for us Seniors!
I just wanted to say I live in Gray's Harbor County in Aberdeen, WA. Section 8 waiting list is closed. There is no information on the website when it will open. I see several seniors homeless on the streets here. It's getting scary😢
It is so important when preparing to retire on SS to not have outstanding debt….ie; credit cards….. Position yourself going into SS with no debt outside of your mortgage each month….any windfall monies put toward reducing the mortgage debt…
Thank you so much for the information you provided. You have given us info that I could not have come across anywhere, even though I have asked everywhere. This includes county and state social services programs.
When I applied for my social security they alerted the school debt loan that would never go away no matter how many times I paid it. They began to deduct the money out of my check before it hit the bank. So I paid it again! I lost past records In Katrina.
I just went through this. Collection companies must adhere to "Cease and desist". Either verbally or written. Your credit standing will be pinged until you make arrangements for payment of debt. Good news is you negotiate and usually, they settle for half of payment. Then THEY have to notify the credit agency of $0 balance. It will be listed as paid but takes 7 years from debt notice date to disappear on your credit report. This is if you play the "credit agency" game.
Thanks for sharing this info. What If a person has more than double the amount of Social Security income they receive in their bank account? Is the extra susceptible to being taken?
If I understand the information correctly, none of your retirement income (SS, IRA dividends, etc. is protected). If you are working making More than $214.xx weekly, you may be susceptible to having that taken for debt collection.
Lawmakers have passed laws that protect seniors so they can use their limited income for medicine, food and clothing. We are talking lower-income and poor seniors with debt they simply can't afford to pay. If seniors cut medicine or other basics then it costs society in other ways. Therefore lawmakers have wisely protected their income. Eric HELPS
i couldn't pay water bill on time so i had to pay a $150 deposit that you never get back until death or move and no interest on it even though all caught up after water was shut off for a month said no water and no manager to talk to and security was telling me to leave office water center
If you have money beyond the 2X's the retirement income where can I put other money if I have it or were to come into it? Can I have a separate savings account? Eric Olsen says there are legal ways..but doesn't tell us how.
understand & aware Debtors cant take my $ but how about attaching assets - and what to do in the cases of spouses or selves who have a credit card etc.
HELPS has done several videos wiht Senior Living discussing this very topic and how losing assets is very unlikely. Also video on credit cards and spouses. Eric HELPS
I am in need of legal help which has been impossible to find for my situation in assisted living facility which has been illegal ly operated by an impostor administrator at WHAL WEST HILLS ASSIST LIVING FACILITY who is having me locked out due to confiscate the court notice for my hearing defense.
What about if I'm renting and my credit score is damaged by a debt collector. Can my landlord decline to renew my lease even if I've always paid my rent on time and in full.
Do you have any advice for seniors that live in a neighborhood with a HOA that has started doing assessments regularly and raising the monthly dues that pretty soon will match the mortgage payments.
HOA stands for Home Owner Association. It is the owners that run the association. Owners can get involved and run to be part of the board that governs the association to have some control over how the association operates. Agreed this can be a big problem. Eric HELPS
@@HELPSNonprofitLawFirm This is going to quickly become a huge problem in Florida given the ins mandates/structural inspection requirements on all condos over 2 stories.
I remember that a scammer called me and said that one of my coworkers had been kidnapped and being held for ransom in Nigeria. The next day I was at work and I saw my coworker and told her that she was kidnapped and was supposed to be in Nigeria being held for ransom. She about rolled on the floor laughing when I told her about the phone call. 😂
@@SeniorLivingOrg And now with just a few words, AI can duplicate a person's voice - so the scammers will put them on the line crying for help and it will sound exactly like the relative. The best thing to do is to hang up and contact the relative - a miracle, LOL, because the scammer has them saying they lost their phone - and so when you call them you'll see it isn't so. Oh, and if you answer a call from an unknown call and they ask something like "can you hear me?" NEVER ANSWER YES - that yes can be recorded and used to apply for credit when they ask if you agree (YES). So either hang up or say "I can hear you" - then it gets funny as they try to get "Yes" by repeating dumb questions. Keep saying I can hear you and they eventually hang up.
I didn't need a cease and desist letter. I attached an answering machine to my landline phone. It didn't take very long for them to stop calling. They never sued.
I would only get $400.00 each month if my spouse wasn't on social security. I can't figure out how to manage. We are below poverty level. There is no win here.
Can you tell me are the police make you register your ADT cameras Constitutionally? Especially as a Senior? What are my privacy rights? Also as a disabled Senior? How do you know if they are then hacking your home?
I owe social security and they take 282.90 a month out of my SSI and widower ck. Can the federal government take this out of my account. They said I embosalednmy daughter's SSI and what she gets from her deased dad
There are no garnishments in NC if you owe a debt or get sued. Even if you get sued when you are young you still don't have to pay any of it. Law suites are joke and the joke is on the one who sues.
1. in Canada, they do take away your OAP (old age pension) if they feel you make too much. All this concern about when to start taking it, and the first year I get it...65 it was removed at tax time... since that is only 648 a month, cannot imagine ever retiring.
Sure it will go down. But what goes down can go up. And many seniors are not worried about credit. It may be a matter of paying for medicines or heat versus credit card debt. Also HELPS provides a free credit restoration program for any client interested through 720creditscore.com Eric HELPS
I have watched other videos presented on this subject and the point is often made that many seniors don't need good credit scores I guess assuming they will likely not be applying for big loans or mortgages in the future. . It's a balancing act. If you're living hand to mouth and 1/3 of your income is going to pay off credit card debt, maybe not paying this debt is a reasonable choice for you. The key is to honestly assess your situation. , perhaps with professional guidance.
it is a tricky thing , maybe there is legislations or people in the higher ups departments that can pay the burial standards from rates and land taxes that we all pay, im sick of taxes ontop of taxes....... : (
The cost of burial can vary a whole lot. There is help for veterans and spouses from the VA. Cremation can be less than a $1000. Counties can pay for the cost of burial or cremation when the family cannot. I just talk to a lot of very poor elderly that simply can't afford an insurance payment. Eric HELPS
is there a list of states and protections for seniors all in one place so at a glance a senior can make better decisions as well as move to the state that does the most for them.... thank you for what you do.. this is very helpful i am turning 62 in March this year... and trying to understand my best choices ... i have no car, no bank account, and currently live in china teaching english cause they provide you with a cheap apt with your teaching contract but once I come back ... I don't have a place to live or a car or insurance etc.... and i am on 3 different blood pressure meds ... how do I live when I come back to America? I also had a heart attack according to my EKG a few years ago.... my social security account i looked at says they will only give me $750 a month so how do i live off that under my situaion.... i want to come home in the next year but am scared about not having a place or car basically nothing
Oh gosh. Do you have a relative or friend in the USA who can help you start planning? I'm your age and I have to wait to age 67 to start collecting SSA if I wish to live decently in retirement. So you might do better to delay collecting. Are you able to save money? So much banking is done online today, can't you open an online account and try to save a little bit every month to help you finance your move? You need some guidance and a good plan. Are there other Ex Pats living in China you could consult with? Good luck!
I wanted to add that most states have a department on aging or something similar which can function as a kind of clearinghouse for supports available. I don't know if there is a central clearinghouse for all states. Right off the bat, if you choose to start collecting SSA at 62, you would very probably qualify for SNAP ( food stamps) and Medicaid, as a low income person. I encourage you to move to a state with more generous and expansive social services. ( Politically, these tend to be blue states, but these states also tend to be more expensive.). Subsidized senior housing is usually income- based as well. There are many services for low- income seniors in my state for example ( CT) but it's possible there is some residency requirement.
You know what, even though I have a car, and an amazing husband who takes care of me. I'm scared if I out live him. I'll be lucky to get half of his SS, which isn't much. And I wonder if the USA is the best country for me in my retirement.
Even if you had a list of states, there are other variables, like the long section 8 wait time, some states are very rural with no public transportation. My state is up north and has 8 month winters, so if you did get a car, you have to change over to winter tires, which is expensive for the extra set, and housing is expensive since heat is prohibitively expensive. Our state imports 80% of food so that costs more than other states. A lot to research that doesn't come up on data. I know you've probably been gone a while, but there is zero chance you can live off 750 with the state of inflation, even with any benefits package. Sorry to break it to you.
My husband, age, 77 is about finally to finally and completely retire. He retired early at age 59 (against my recommendation) but then found we needed the extra cash to stay afloat and out of debt so he went back to work part time. (Honestly, he retired too early and did not have the needed work credits to get the full amount of his SS. Now his osteoarthritis and hammer toes are so bad he can no longer stand on it his legs all day long. We will have $12,000 less to live on in our budget and I am struggling with this a lot. I am age 72 and have health issues as well so I am unable to work myself. I spend my days cooking our special food protocols, grocery shopping to make our money go further, driving my husband to his doctors appts, haircuts since my husbands no longer drives.
I feel bad for you having to deal with the aftermath of your husband’s poor decision. Why should you have to work and support someone who made a bad judgment call.
Had a " Debt Settlement Company " that took our monies, and never paid down the debt !! Debt sat in a " High Interest " accruing late fees, and " festering , into a " charge off " status . .!!
So sorry to hear that! And I see no one has answered you. I have an elderly friends who lives in Florida who has lived in her car for short periods of time unfortunately. But before that I encouraged her to go to a homeless shelter and then apply for senior or low income housing. From what I understood at least where she lived is that if you were technically homeless and applied for public housing that you were given priority as a senior citizen to get into an apartment. Those costs are income-based so you would pay 25 to 30% or so of your income is rent. You would still have to pay utilities and for your phone but you could have a roof over your head. If I were you I would call 211 and tell the person answering what your situation is and see if they can guide you and tell you if being in a homeless shelter gives you any more priority and for some help. I hope this helps in some way and I'm praying for you because no one should have to live like that especially for that long.❤
Just curious if someone has ssi and ssdi, but has child support order, is domestic relations allowed to take the income? The person i know can barely afford to live with their basic essentials 🤦🏾♀️. No the person isn’t a senior citizen, but they have had Health challenges in the past and currently.
Just found your channel. So glad I did. Personally, I have no depth but I know other seniors who do. This is helpful information. I subscribed and shared your video with others. Thank you for what you do!
This article video can’t be true. I receive social security disability into my ‘direct deposit’ account. A debt collection agency garnished my account of over $1100 through a court order because I transferred my money out of my direct deposit checking account into my savings account. The collections agency argued that my social security was no longer protected by federal law when I transferred the money into my savings account. My ‘Key bank’ agreed and allowed the money to be taken by the collection agency by court order. This matter was in 2017. 🤷🏼
Listen again. The video clearly explained how SS is automatically protected IN THE ACCOUNT INTO WHICH IT IS DEPOSITED, up to twice the monthly sum, regardless of the source of sums actually in the account at the time of a garnishment. When you take money from that account and put it in another account it is at risk and could be garnished under various state laws. The bank doesn't make the decision. A challenge to garnishment can be filed with the court and a judge can order the money be returned. Do nothing and yes the bank will turn the money over to the judgment creditor. Eric HELPS
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my problem is is that I applied for subsidized housing, but due to my bad credit score, I was refused. how can I get past that? housing is way too expensive, its a big problem.
HELPS has a letter available to any senior advising a prospective landlord that the seniors income is protected and will be available for rent despite a negative credit rating. This often helps with this problem. Eric HELPS
@@HELPSNonprofitLawFirmThat's good to know because I have a senior friend who missed out on a great low income apartment due to her low credit score. Now she's paying 75 % of her income to rent.
