Financial Planning for Seniors

Donna Nichols • April 5, 2021

4 Practical Tips to Help Seniors With Financial Planning

You may ask yourself; shouldn’t this have been done when they were younger?

Yes, perhaps, but not all of us think of this when we’re young and not all of us can do this when we’re young. So we must now plan for it as we age.

Financial Planning for Seniors

Where do you begin?

First, make a budget and stick to it.

You know how much money you have coming in each month and how much you can afford to put out each month.

Find a financial advisor; there are local programs that can help you.

The National Council on Aging (NCOA) is one such program that helps seniors with many different programs for free or reduced rates.

AARP is another organization that offers free programs from other seniors who have retired, such as financial advisors who are looking to volunteer their services and assistance.

Next, set limits on the money you give to family members.

I know it’s nice to give your children and grandchildren money for their birthday and Christmas, but you may need to hold on to that money for yourself, or perhaps give them a lesser amount.

There’s a free program through the NCOA called BenefitsCheckUp and they provide community programs and services, online help, and advocacy.

After signing up, you can browse all the programs offered, find out if you qualify, and figure out how to apply for them. Go to https://www.benefitscheckup.org/ to learn more.

Be very careful with your internet/TV/phone service too.

Different companies charge so much money and if you have direct debit, you may not even know what you are paying for the service.

This happened to a client of ours, she has her internet/cable/phone service come right out of her checking account. Well, she bounced some checks because she didn’t know how much was coming out.

When she signed up for it, it was like $129.99 a month, so this is what she was taking out. Well, guess what? They were charging her, $275.00 a month!!! She said she never received a notice about the rate increase nor did she receive anything from her bank.

This woman has several children and to think that not one of them checks on her financial well-being just amazes me.

As senior advocates, we can help in situations like this. One of our advisors took her to her bank and to the places where the checks bounced and rectified the situation.

The bank is now to notify our advocate when monies run low. Our advisor was also able to downgrade her internet service and her bill is no longer direct debited from her account.

This is just one example of what a senior advocate can do for you, so should you find you need a senior advocate, someone who will go to bat for YOU with no hidden agenda, call Assisted Living Made Simple. We love our seniors and are privileged to assist you, and the best part is . . . our service to you is FREE!!

If you need help or encouragement as a Caregiver give us a call at  386-847-2322  or check out our  Caregiver Support Group. Our  Senior Advisors  are here to walk with you through this journey.
By Donna Nichols November 5, 2025
A Tender Season for Tender Hearts As the holidays approach, grief can feel especially sharp. The empty chair at the table, the missing voice in a favorite carol, the traditions once shared—all can stir deep memories and longing. This season, give yourself permission to feel it all. Whether you're lighting a candle in remembrance or simply sitting quietly with your thoughts, know that your love still lives at every moment you honor it. You're not alone in this. Many are walking through the holidays with tender hearts, and together, we can find comfort, connection, and peace. When Someone You Love Is Gone: Grief in Our Later Years As we grow older, we come to understand life in ways we never could when we were young. We learn what truly matters. We value time, quiet moments, and the people who’ve shared the journey with us. And sometimes, we find ourselves facing one of life’s most difficult truths: saying goodbye to someone we’ve loved for decades. Loss in our later years feels different, whether it’s a spouse, a sibling, a lifelong friend, or a partner in the everyday routines of life. It comes after a shared history, after raising families, building homes, facing hard times, and celebrating joys. When that kind of bond is broken, the world doesn’t just feel quieter. It feels unfamiliar. A Different Kind of Grief Grief in our senior years carries a certain weight. It’s not just about the person we’ve lost—it’s about the life we built with them—the morning coffee routines, the inside jokes no one else would understand, the hand we held through every season of life. It’s also about identity. Many lose someone they love and a part of who they were when they were with them. There’s no time limit to this kind of sorrow. Some days, we might feel strong and steady. Other days, a photograph or a familiar song can bring us to our knees. That’s the nature of deep love—it echoes. Quiet Spaces After a loss, the house can feel too big. The calendar is too empty. Conversations can feel lonelier without the one who always knew what to say—or when not to say anything. But it’s okay to feel those things. You’re not doing anything wrong if grief lingers. You’re not expected to "move on" in any set amount of time. Some losses become part of who we are. We carry the people we love with us—not just in memory but in the way we live—in the recipes we still make, the phrases we still say, and the stories we still tell. Finding Comfort, Bit by Bit There may come a day when you feel the sun again—not just on your skin, but in your spirit. A day when the laughter of grandchildren warms something inside you. When you speak your loved one’s name and smile instead of crying. These moments are not betrayals of your grief. They’re signs of your love still growing, still finding new ways to live in the world. You are allowed joy, rest, and the ability to miss them forever while still living a beautiful life. You’re Not Alone If you’re walking through grief now, take heart in knowing you’re not walking alone. In these later chapters of life, many of us are navigating the same path. And sometimes, just speaking their name or sharing a story over a cup of tea can make all the difference. Let others in. Join a group, call an old friend, or write down your thoughts. Sometimes, healing comes not from forgetting but from remembering—together. Because love doesn't end. Not with age. Not with time. Not even with death. It simply changes shape and stays with us, always. Assisted Senior Services hosts a grief support group on the first Wednesday of each month at All Saints Lutheran Church, 751 Dunlawton Ave., Port Orange, FL. The group begins at 5:00 p.m. Please join us should you need support; it is free to attend.
By Donna Nichols October 3, 2025
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.
By Donna Nichols October 1, 2025
The body content of your post goes here. To edit this text, click on it and delete this default text and start typing your own or paste your own from a different source.