Today, nearly half of seniors own smartphones, and 70% are connected to the internet. Seniors use the internet to communicate with family, order grocery delivery, shop, and share their lives on social media. Recently, most likely due to the coronavirus pandemic, more and more seniors are doing their banking online than ever before. In a recent poll, 100% of seniors aged sixty-six to seventy-six said they had completed an online banking transaction in the three to six months prior.
Seniors have become more comfortable completing daily banking tasks online, and many are turning to the world wide web for financial advice and money management tips. While many personal finance blogs are geared towards younger generations focused on growing and investing their money while working on long-term goals, there are many excellent blogs for seniors approaching or already in retirement. We’ve rounded up some of the best financial blogs that seniors will find helpful when scrolling the internet:
Most seniors are familiar with AARP and all the benefits that come along with being a member, but you may not know that they also have a website with a blog dedicated to money and finances. The blog includes articles on avoiding financial scams and fraud, ideas for saving and investing, and tips for living on a fixed income.
Alliance for Retired Americans
The Alliance for Retired Americans blog covers topics of interest for people over sixty, including pensions, social security, prescription drugs, and Medicare. In addition, Alliance for Retired Americans members participate in advocacy for retirement security within their communities.
Real Deal Retirement
Real Deal Retirement’s editor, Walter Updegrave, is one of the nation’s foremost experts on retirement planning, investing, and personal finance. Blog articles focus on saving and investing for retirement, lifestyle planning, and retirement income and is a must-read for any senior preparing for their golden years.
The Center for Retirement Research at Boston College hosts a personal finance blog called Squared Away. Future and current retirees will appreciate articles focused on the stock market, government policies affecting senior citizens, current healthcare issues, money culture, and more.
The Chicago Financial Planner
The Chicago Financial Planner blog offers “objective information about retirement, financial planning, and investments.” Roger Wholner, a fee-only financial advisor, based out of Chicago, appeals to pre- and post-retirement seniors and breaks down everything from rebalancing your financial portfolio to becoming a 401 (k) millionaire.