Above All ElseAbove All Else
  • About
    • Certifications & Affiliations
    • Experience & Awards
    • United Nations Delegate
    • Media Kit
    • Events
    • Events Archive
    • Testimonials
  • Success in Life
    • Success in Life
      • Speaking Topics
      • Article Archive
    • Maintaining Independence as You Age
      • Speaking Topics
      • Article Archive
    • Success for Students and Youth
      • Speaking Topics
      • Article Archive
  • Success in Business
    • Success in Business
      • Speaking Topics
      • Article Archive
    • Success in Life and Business for Women
      • Speaking Topics
      • Article Archive
    • Success in Financial Services
      • Speaking Topics
      • Article Archive
    • Success for Real Estate Professionals
      • Speaking Topics
      • Article Archive
    • Balancing Life and Business
      • Speaking Topics
      • Article Archive
  • Media
    • Video
    • Published Media
    • Audio
    • Photo Gallery
      • Life Photos
      • Business Photos
      • Media Photos
    • Media Kit
  • Books
    • Above All Else, Success in Life and Business®
    • A Realtor’s Guide to Greater Success
    • Above All Else®, Independence, Happiness and Success in Your Senior Years
  • Speak with Nancy
Back
  • About
    • Certifications & Affiliations
    • Experience & Awards
    • United Nations Delegate
    • Media Kit
    • Events
    • Events Archive
    • Testimonials
  • Success in Life
    • Success in Life
      • Speaking Topics
      • Article Archive
    • Maintaining Independence as You Age
      • Speaking Topics
      • Article Archive
    • Success for Students and Youth
      • Speaking Topics
      • Article Archive
  • Success in Business
    • Success in Business
      • Speaking Topics
      • Article Archive
    • Success in Life and Business for Women
      • Speaking Topics
      • Article Archive
    • Success in Financial Services
      • Speaking Topics
      • Article Archive
    • Success for Real Estate Professionals
      • Speaking Topics
      • Article Archive
    • Balancing Life and Business
      • Speaking Topics
      • Article Archive
  • Media
    • Video
    • Published Media
    • Audio
    • Photo Gallery
      • Life Photos
      • Business Photos
      • Media Photos
    • Media Kit
  • Books
    • Above All Else, Success in Life and Business®
    • A Realtor’s Guide to Greater Success
    • Above All Else®, Independence, Happiness and Success in Your Senior Years
  • Speak with Nancy

Seniors

Maintaining Independence as we go

  • In Seniors

As we age, change can become more and more difficult to handle. It’s all about helping seniors to understand how certain changes can help them have the quality of life they want and need. Think about what you can say and ways you can best explain this to help ease the transition and enable the senior to feel they are still in control of their life.

Having finances and other aspects of life management on what I call “Life Auto Pilot™” can enable the senior to maintain their independence longer while at the same time making it easier for the people that now help or will later help with their care. There are many things you may be able to do now to make current and long-term life management easier.

One way is to eliminate the need to file quarterly estimated income tax payments by increasing the amount withheld from pension and social security. Work with your tax advisor for how to properly accomplish this. It can be as simple as filling out one form.

Another way to implement “Life Auto Pilot™” is to consolidate financial statements. Many seniors find they have accounts with several banks/credit unions, insurance, brokerage and investment firms. Consider consolidating accounts to 1-2 banking relationships, and 1-2 brokerage/investment/insurance firms. They should not need to sell anything or incur early withdrawal penalties. Proper planning of the transfer of accounts can mean that all of the accounts report on fewer statements enabling the senior to more easily manage the paperwork.

Simplifying our financial lives as we age can help to maintain independence longer, something most of us strive for.

  • Share:
Nancy Butler

Leave A Reply Cancel reply

Your email address will not be published. Required fields are marked *

Get in touch

860-444-0535

nbutler@aboveallelse.org

P.O. Box 494

  Waterford, Connecticut 06385

Social Links

  • Facebook
  • Twitter
  • Linkedin
  • Youtube

Copyright ©2023 Above All Else. All Rights Reserved.

  • Home
  • About
  • Events
  • Contact