Youve decided to go back to school–congratulations! As it turns out, youre not alone. According to the National Center for Education Statistics, the number of full-time students age 65 and over in degree-granting schools increased 36% between 2007 and 2009, while the number of 50- to 64-year-old full-time students increased 42%.

Heading back to college later in life can be fulfilling; however, the many decisions involved–from choosing the right school and determining a course of study to budgeting for the various costs–can be overwhelming. Fortunately, a number of resources exist for older adults seeking information about higher education devoted to their needs.

A few years ago, the American Association for Community Colleges launched the Plus 50 Initiative, which encourages community colleges across the country to develop programs for those age 50 and older. The website , provides links to college search tools and financial aid tips. is a nonprofit organization devoted to helping baby boomers seek new careers that are dedicated to serving the greater good. Among the many programs the organization runs is the Encore College Initiative, which provides resources for individuals looking for specific college-level programs for older adults.

Elderhostel, Inc., a nonprofit organization that provides educational and travel opportunities for retirees, helps support Lifelong Learning Institutes. Through these locally run membership organizations, participants select courses based on needs, interests, and the simple desire to learn. Most LLIs are sponsored by local colleges and universities, and offer a wide variety of programs.

Finally, many colleges and universities offer discounts–and, in some cases, even free tuition–for students over age 65. Consider starting your search by calling a local institute of higher learning and asking about special programs for seniors.

Location:10800 Midlothian Turnpike 204, Richmond, VA 23235, USA

Real-life Financial Tips for Different Generations

Do you remember The Game of Life? In Milton Bradleys popular board game, players progress through life stages making decisions that affect their prosperity. Like those players, todays generations face financial decisions with lasting effects. Here are some tips for staying focused despite lifes ups and downs.

Accustomed to instant gratification, the Digital Generation may need to recognize that financial success takes diligence and patience. Consider sharing the following advice with the

You have one powerful advantage over other generations–time. Why not

make saving automatic and direct a part of your paycheck into a savings or investment account?

A good credit history helps you get a car loan and a

mortgage, but a bad one can ruin your borrowing chances for years. Reviewing your credit report

regularly can help you manage your finances and protect your identity.

In this group, you could be juggling your first real job, college loans, marriage, a first home, and young children. Consider these points:

… Like Generation Z, time is your strongest ally. Participate in a retirement savings plan at work, if offered, and if your employer offers a match (free money!), contribute enough to get all of it. If you dont have a plan at work, open an individual retirement account (IRA) and invest what you can (up to annual limits).

In 18 years, a four-year degree could cost as much as several hundred thousand dollars. Give your children a head start by saving now.

Home ownership, older children, a career in full swing–if youre in this group, your finances may take a back seat to lifes daily demands. To help stay focused, consider the following:

Dont risk your future to pay for your childrens

entire education. Theres no financial aid office

Are you experiencing new aches and pains? At this age, medical issues can begin to surface, demanding time, energy, and financial resources. Take care of yourself, and before an emergency arises, review your health and disability coverage.

If youre in this age group, you may have both adult children and elderly parents who need assistance, as well as an impending or current retirement. Pointers for you include:

When should you tap Social Security and your retirement savings? How should you invest your assets to potentially provide a lifetime of income? A financial professional can be a critical coach at this time of your life.

These policies help protect your familys assets from the potentially devastating effects of long-term care. The older you get, the more expensive these policies can be.

The Game of Life ends when players reach retirement, but not so in real life–you still have years ahead of you. Consider the following:

Whether you plan to travel to exotic locales or play board games with your grandchildren, a key to happiness is living within your means. Develop a realistic budget and dont exceed your spending limits.

A financial professional can help you choose vehicles and determine an investment strategy to help ensure you dont outlive your assets.

. A properly crafted estate plan can help you ensure that your wishes are carried out–for both you and your familys peace of mind.

Location:10800 Midlothian Turnpike 204, Richmond, VA 23235, USA

Daniel, the Investor Coach of Virginia, is now entering his fourteenth year in the financial service industry. He is a 1978 graduate of The College of William and Mary School of Business Administration. He holds the professional designation of Certified Financial Planner professional, and has his Series 65 registration and Life and Health Insurance licenses.

Are there resources available for retirees heading…

Real-life Financial Tips for Different Generations…

Broadridge Investor Communication Solutions, Inc. Copyright 2012

Some of these materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliablewe cannot

assure the accuracy or completeness of these materials. The

information in these materials may change at any time and without notice.

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