Senior Pass

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Privatizing Debt Collection

Senior Pass

Older Americans can access more than 84 million acres of land protected by the National Park Service for the rest of their lives for just $10 — but not for long.

 The National Park Service's lifetime pass will be eight times more expensive soon — costing $80 for American citizens who are older than 62.

 According to AARP, the National Park Service has not raised its price since 1994. The agency offers a variety of passes for Americans, as 137 of its sites charge for admission. 

Seniors can still get the lifetime passes for $10 in person, or pay an additional $10 for processing fees to get it online. 

You can go to nps.gov and get your senior pass or get lots of other information about our National Park Service. 

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Dinner Event

Dinner event

Let’s face it, retirement today is way different than what it was even 20 years ago. Pensions are few and far between and we have to manage our retirement accumulation plan ourselves. I am having a free dinner event on Tuesday May 23rd where I will give information on how retirement planning has changed. Some of the topics will include: when it comes to risk, what can your retirement nest egg handle?
How best can you manage your assets to generate income in retirement?
When to file for Social Security benefits so you can maximize your benefits? And so much more!
Make plans now to be part of this complimentary, retirement planning seminar Tuesday May 23 at 6 p.m. at the T-Box at 1431 147th Ave. NE in Ham Lake. Seating is limited! Call 877-812-0259, that’s toll free 877-812-0259. You can also reserve at the website yoursafemoneyshow.com.

Your Safe Money Show Retirement in America 5 13 17

Highlights for May 13 Your Safe Money Show

On this Saturday's Your Safe Money Show, I'll have some statistics about older Americans and what those numbers tell us going forward.
There’s more to credit card limits than you may realize, AND we’ll look at Americans in retirement compared to other countries, how do we rank? 
Tune in at 7:30 a.m. at 95.5FM KBEK. They stream live at kbek.com. Listen to recent shows at the podcast page at yoursafemoneyshow.com.

Debts when you die

Cruising in retirement

According to the Cruise Lines International Association, more people are cruising now than ever before, with 25 million passengers expected to set sail this year compared with 15 million in 2006. Depending on their home city and income level, retirees may find living aboard a cruise ship makes financial sense when compared to other retirement living options, especially where the cost of living is high.

According to a study published in the Journal of the American Geriatrics Society, when considered over a 20-year span, "cruises were priced similarly to assisted living centers” however those facilities and their prices vary greatly.

You would also want to consider your health and make sure services you might need are provided or purchase a separate travel insurance policy.

If you decide to try living on a cruise ship, it’s a good idea to try cruising first for an extended time and make sure it’s something that fits your lifestyle. 

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Highlights for May 6 Your Safe Money Show

Coming up on this week's Your Safe Money Show, I'll explain why sometime's paying extra for something can actually save you time and money.
Many of my clients relocate in retirement or at least become “snowbirds”, we’ll look at factors to consider before you make that move.
And now, May that is, is a good time to buy certain items on deep discount, I’ll share what those items are.
Tune in at KBEK 95.5FM Saturday mornings at 7:30. They stream live at kbek.com. Listen to recent shows at yoursafemoneyshow.com.

Cash advances with your credit card

Debt when you die

If you have debt when you die, what happens to that debt? 

For the most part, your debt dies with you, but that doesn’t mean it won’t affect the people you leave behind. According to an estate attorney, debt belongs to the deceased person or that person’s estate. If someone has enough assets to cover their debts, the creditors get paid, and beneficiaries receive whatever remains. But if there aren’t enough assets to satisfy debts, creditors lose out (they may get some, but not all, of what they’re owed). People often worry they will be responsible for a family member’s debt, but that usually isn’t the case. However, it’s not always that simple. The type of debt you have, where you live and the value of your estate significantly affects the complexity of the situation.

If you are a co-signor or co-applicant on an account you could be responsible for that debt. Having a good estate plan could eliminate concerns about debt when you die. 

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