6. Senior health discounts
Examine your current healthcare spending and look for ways to cut costs in each category. You can frequently get a discount on items that are required to manage your health conditions. Look for the following senior discounts on prescription drugs and health care:
- AARP Prescription Discounts: Members and non-members can save money on uninsured FDA-approved prescriptions
- LensCrafters: AARP members receive vision-related discounts.
- RiteAid: Wellness program for seniors over 65, including free consultation with pharmacists and 20% discount Offers.
7. A reverse mortgage can save you for retirement
A staggering number of seniors do not have enough money to retire. That is why millions of Americans are adopting reverse mortgages to supplement their retirement income. A reverse mortgage may be an ideal approach to obtain tax-free funds while enabling you to eliminate your present mortgage payment and, in most cases, only need to spend on real estate taxes, maintenance, and homeowner’s insurance.
You must enter your golden year with assurance, control, and confidence. With this additional supplemental income, you can pay off past-due accounts, remodel or repair your home, create a financial safety net, pay off medical expenses, or take that long-awaited vacation.
Curious about how insurance works? The book The Hidden Secret to Wealth with Cash Value Life Insurance, written by Shane Collins, is a guide to how life insurance works, both for seniors and their family members. And it has a tremendous price on Amazon.
