National Nonprofit Launches Financial Solutions Program for Seniors
Senior Solutions to help consumers age 50+ ensure financial wellness throughout retirement
23 Jan, 2017, 04:55 ET
SUGAR LAND, Texas, Jan. 23, 2017 /PRNewswire-USNewswire/ -- Today, Money Management International (MMI), a nonprofit financial education and counseling organization, announced the launch of Senior Solutions, an all-inclusive financial stability program created specifically for seniors. Through strategic partnerships and a comprehensive package of diverse financial counseling programs, tools, and services, Senior Solutions aims to help American citizens over the age of 50 achieve financial stability throughout their retirement years.
Senior citizens represent the fastest growing age group in the nation and face a series of unique financial challenges as they navigate retirement. Through Senior Solutions, all consumers approaching or currently managing their retirement are provided with expert advice, tools, resources, and education to help them make informed financial decisions about retirement benefits, health insurance coverage, tapping into the equity of their homes, and much more.
"With nearly 60 years of experience helping individuals and families overcome complex money management issues, we understand that financial stability for seniors means more than simply having sufficient retirement savings," said Ivan Hand, MMI's President and CEO. "Senior Solutions is designed to help fill the gaps by providing seniors with crucial support, applicable resources, and answers to some of the most pressing financial questions seniors face today."
Among those senior-specific issues, the most daunting are often questions surrounding Medicare and Social Security benefits.
"Choosing a Medicare plan is a personal experience, and there is no one-size-fits-all Medicare plan option," said Tricia Blazier, personal health and financial planning director for Allsup, a leading provider of Medicare plan selection services. "Finding the right combination of coverage starts with your needs. Seniors' priorities with Medicare vary, and for some, it can make a substantial difference to available cash flow during retirement."
"When it comes to Social Security benefits, it's not as straightforward as simply taking benefits the minute you retire," said Laurence Kotlikoff, a professor of economics at Boston University and the creator of Maximize My Social Security. "Selecting the right benefits at the right time can mean tens of thousands of extra dollars during retirement."
Seniors Solutions will serve as a hub, connecting seniors struggling with debt, housing issues, insurance questions, and benefits concerns to approved, qualified experts.
"Through strategic partnerships with leading organizations like Allsup and Maximize My Social Security, we are confident that Senior Solutions will become a premier resource for all consumers over the age of 50 who are concerned about their long-term financial stability," said Jennifer Dial, Spokesperson for Senior Solutions.
To learn more, visit MMISeniorSolutions.org or call 800.454.8615.
Spokesperson for Senior Solutions
Money Management International (MMI) is a nonprofit, full-service credit counseling agency, providing confidential financial guidance, financial education, counseling and debt management assistance to consumers since 1958. MMI helps individuals and families deal with unmanageable debts and improve overall financial health through personalized one-on-one counseling programs, including debt and budget, foreclosure prevention, student loans, credit report review, and bankruptcy. Most counseling is available by appointment in branch offices and 24/7 by telephone and internet. Services are available in English or Spanish. To learn more, call 866.756.0183 or visit MoneyManagement.org.
Allsup and its subsidiaries provide nationwide Social Security disability, veterans disability appeal, return to work, exchange plan and Medicare services for individuals, their employers and insurance carriers. Allsup professionals deliver specialized services supporting people with disabilities and seniors so they may lead lives that are as financially secure and as healthy as possible. Founded in 1984, the company is based in Belleville, Illinois, near St. Louis. Visit Allsup.com.
Maximize My Social Security is a simple but comprehensive tool designed by Laurence Kotlikoff, Professor of Economics at Boston University and President of Economic Security Planning, Inc., to help you (whether you are married, divorced, widowed, single, or disabled) get the highest benefits from Social Security. MMSS covers all Social Security benefits and handles all of the system's highly complex benefit rules and provisions. This academic-based, unique and highly detailed software tool has a single goal -- helping you financially. It doesn't pitch financial products of any kind or hit you with ads for such products. Visit MaximizeMySocialSecurity.com.
SOURCE Money Management International
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