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 You can save tons of time (one senior estimates she saves 80 hours a year) by automating your bill paying through your Senior BofI Checking account. It’s easy to set up – you add the billing information, select the date, enter the amount to be paid and you’re all set. Plus, it’s super easy to edit and change any details you need to change later on.Just think of it. You’ll save:
And you’ll know your bills will be paid on time even if you’re far from home. Get the details of automatic bill paying on our Bill Paying page and sign up today. Labels: online banking, online bill pay, senior interenet banking  Tax fraud scams are showing up in various parts of the country, according to an article called IRS issues tax scam warnings – Part 1. This article, and they promise a second, describes potential problems with what they call “The Dirty Dozen.”The first mentioned is Telephone Excise Tax Refund Abuses. According to the article, most people can expect only between a $30-$60 deductions without complete receipts. Next on the list is Abusive Roth IRAs. Apparently some scammers are urging people to contribute more than the allowable amount by shifting undervalued property into their Roth IRAs. There are also warnings against falling for Phisihing scams – don’t open any email that claims it’s from any financial institution, including yours. In fact, delete any email that isn’t from someone or some company you know. And know that the IRS does NOT use email to contact taxpayers.
If something seems too good to be true, it probably is. If you have the slightest suspicion, call the IRS or your local AARP office or your bank or your tax preparer. It’s better to be safe than sorry.  Certificates of Deposit allow you to save money and predict your earnings because the interest rate is fixed over the length of the certificate.Senior BofI offers CDs in amounts from $1,000 to $10,000 for a term of up to 60 months. Interest is compounded daily and paid monthly. You can have the interest deposited into your CD account, another savings account or other account at Senior BofI or at another bank. You can also have a check mailed directly to you. Like all Senior BofI accounts, you’ll be able to view your CD account online, and take advantage of our telephone banking service. View the details and open your CD account today at our Certificate of Deposit page. Labels: certificate of deposit, internet banking, senior banking  If you’re like many, you’ve got some clutter cluttering up your life. Maybe it’s because you’ve downsized and took way more than you thought to the new place. Or maybe you’ve let some clutter accumulate just because. You may even be the kind of person who has real trouble managing clutter.There are some indications that clutter actually induces stress. Or maybe it’s more accurate to say that it’s probably easier to be in an uncluttered space. Fortunately, there are lots of resources to help you deal with clutter. One of the best is DeClutter It, a blog at b5media. Even AARP has a whole page of articles with suggestions and approaches to getting rid of clutter.  In addition to providing flexible internet banking, Senior BofI works hard to provide you with resources for all seniors. Check out our community pages. Here you will find:
Our Community Center is updated frequently. Bookmark it and come back often.  There’s no doubt about it, airport security makes flying a hassle. That hassle can be worse for the elderly with mobility problems and for people who have medical devices with metal implanted in their bodies. Making it through airport security easily does require some advance planning and even, on short trips, considering alternatives to flying. Labels: airport secuirty, seniors, travel  Savings accounts aren’t the only kind of account you can earn interest on. At Senior BofI even your checking account earns you interest. The interest starts on the day you deposit money into your checking account, is compounded daily and paid monthly. There are no monthly service fees and no minimum balance is required. As if that weren’t enough, a Senior BofI checking account also includes:
Get full information and open your Senior BofI checking account at our Senior Checking page. Labels: internet banks, senior checking, seniors  The more physically active seniors are, the lower their risk of injury, disability and even death, according to a report by Reuters Health published on MedlinePlus.The study, which tracked over 1,000 seniors aged 50 – 100 revealed that for every hour of physical activity, the risk of disability was reduced by 7% and actually reduced the risk of death over the next several years by 11%. Staying physically active through walking or other exercise program only makes sense. Fortunately it’s easy to do. AARP.org offers free programs and information on their website about walking, sports, working out and even staying motivated. Paige Waehner, About.com’s Guide to Exercise has a page that has information on both why you should exercise, and how to get it done. Labels: senior exercise, senior health, seniors  Senior BofI offers all sorts of accounts – so many, in fact, you may be confused about which is right for you.That’s why we’ve put together a web page that lets you compare all our accounts. It’s an easy-to-read chart that spells out exactly the benefits of each kind of account we offer. As always, we’re delighted to answer any questions you may have. Contact us, in a variety of ways. We’re here to help. Labels: internet banking, senior banking  Federal Income taxes are due, well, this year, April 17th, not the usual April 15th. But time is getting closer.There’s a lot of help online if you need it, including:
However you get it done, now is the time to start preparing. Labels: income tax, senior banking, taxes  A Money Market savings account with Senior BofI offers you considerable advantages over regular savings, including:
You can get complete information at our Money Market Savings page, and you can open your Money Market Savings right there. Labels: money market, online banking, senior savings, seniors  Starting this year, you can direct the IRS to deposit your tax refund to up to three different accounts, according to an article at AARP.org. You could, for example, ask that a quarter of your refund go into your checking account and the balance into a savings account.The idea is that if you put some of it in savings, you’re less likely to spend the whole refund. It’s kind of a way to trick yourself into saving more. Of course, you’ll need to accept your refund by direct deposit, which you can do on IRS Form 1040. To split your refund into different accounts you need to fill out IRS Form 8888. Labels: irs, refund, seniors, split refunds  Getting regular checks direct deposited rather than via paper checks mailed to you is one way to help prevent identity theft. It’s also a way to be sure checks won’t be stolen from your mail box.But protection isn’t the only reason to go to direct deposit. The truth is, receiving your money by direct deposit is truly convenient. You know your money will arrive, safely, and on time – no matter what. You don’t have to go to the bank, and at Senior BofI you can quickly confirm your money has been deposited online. It’s easy to set up a direct deposit account – just go to our Direct Deposit page. Labels: direct deposit, online banking, senior banking  The U.S. Department of the Treasury and the Federal Reserve Banks are pushing those who receive regular checks from the government to have that money deposited directly as a way to help avoid identity theft according to an article in the March 2007 AARP Bulletin.The article explains that the Treasure Department found about 57,000 signatures were forged on government checks last year; there were almost no problems with direct deposit during the same period. In spite of evidence to the contrary, apparently about 40% of the folks who receive regular government checks are under the impression that paper checks are safer. Yet direct deposit almost entirely eliminates stolen checks and the subsequent risk of identity theft, and missed payments. You can get more information at GoDirect.org. Labels: direct deposit, online banking, seniors  Senior BofI is an internet bank, but you don’t have to have an internet connection to use us. We have a toll-free number, (877) 351-2265, that you can use to:
This automatic telephone service is available to you 24 hours a day, 7 days a week. Check our Telephone Banking page for more information. Labels: bank by phone, internet banking, senior banking  For years and years, most of us in the United States have been used to moving our clocks forward an on the last Sunday in April, then turning them back on the last Sunday in October. All that has changed. In 2005, Congress passed a law extending daylight savings starting this year in an attempt to save energy.This year, and probably for at least several more years, daylight savings begins on the second Sunday of March (March 11) and ends on the first Sunday in November (November 4). In addition to changing your clocks, double check your computer on the 11th. Depending on the age of your operating system, you may need to adjust its clock. If you use a computer based calendar like Outlook or other program, it probably makes sense to double check your appointment times with a phone call during the new daylight savings times. Double check your cell phone too, and spend a few extra minutes with your cell phone bill for this period. The same thing is true for online banking and any time sensitive financial transactions you might make. Most will be okay, but a few could be an hour off. If you’re making international calls, WebExhibits has a chart that will help sort you out. And if you’ve mastered your video recorder, particularly an older model, you may have to adjust its time as well. Labels: daylight savings time, seniors  Would a reverse mortgage make sense for you? It depends. Essentially, a reverse mortgage is a way to use the equity in your home for living expenses today and tomorrow, without making payments on the money you barrow. That’s because the money isn’t due until you die, move, or sell the home.Done properly, it can be an outstanding way to help fund your retirement. AARP offers an excellent overview of reverse mortgages, including eligibility and a calculator to help you determine how much money you might receive. Senior BofI offers reverse mortgages. You can get more information and contact us about them at our Reverse Mortgage page. Labels: online banking, reverse mortgage, senior banking, seniors  According to Real Age, Colds Hate Positive People. The article refers to research that there is a link between emotional and physical health that can be demonstrated. It turns out that people who have a positive or happy outlook on life really do catch fewer colds than those who tend to have negative or unhappy thoughts.The study goes further and indicates that even when happy people get colds, their symptoms are less and last a shorter time than those who are not positive. Of course, it also makes sense to take reasonable care along with changing your thinking. Washing your hands, rest and good food also support your immune system and can help you avoid colds. Labels: positive attitude, senior health, seniors |
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