Financial literacy is important for everyone in any stage of life but is particularly important in later stages of life where there are fewer financial options.
Educational resources are available from state and local agencies and universities to help guide your decisions about a broad range of issues, including:
- Organizing your personal and financial information
- Stretching your dollars
- Planning for financial security
- Applying for Social Security
- Receiving medical assistance, including help in paying for prescription drugs
- Receiving help for fuel bills and other necessities
- Getting help with your taxes
- Planning how to allocate your personal and household property after your death
Mapping Your Retirement: A Personal Guide to Maintaining Your Health, Managing Your Money, and Living Well provides a comprehensive overview of financial planning for later in life.
Page Authors: Jan Hively and Steve Wagner
This section includes the following pages:
- Recovering from the Great Recession: Long Struggle Ahead for Older Americans (AARP Public Policy Institute, May 2011) - In this article, Sara E. Rix discusses the findings from a survey of 5,027 Americans aged 50 and older about their experiences during the current recession.
Check our Additional Resources for more information