Jim Miller, who writes the Savvy Senior column, recently wrote about funeral planning tips, especially for those seniors with little money. His advice: compare providers, take advantage of the “Funeral Rule,” shop for goods online, consider direct cremation or burial, and figure out how you’re going to pay for your funeral.
He provided a good pro-and-con examination of pre-payment and what to look for before handing over your money. He also discussed payable on death accounts, also known as Totten trusts.
You can read the full article at his website, SavvySenior.org.
Send senior questions to: Savvy Senior, P.O. Box 5443, Norman, OK 73070, or savvysenior.org. Jim Miller is author of “The Savvy Senior” book.