Financial & Legal Tools for Seniors on Medicare
Managing money in retirement can be stressful — but it doesn’t have to be. Whether you’re trying to stick to a budget, protect your identity, or create a will, there are tools designed specifically with seniors in mind.
We’ve gathered some of the best financial and legal resources to help you feel more confident and in control. These links include affiliate partners, which means we may earn a small commission if you make a purchase — at no cost to you.
Sticking to a fixed income takes planning. These apps make it easier to track spending, avoid surprises, and plan for healthcare costs.
Recommended Tools:
- Simplifi by Quicken – Made for Retirees
- You Need A Budget (YNAB) – Proactive Planning Tool
- GoodBudget – Envelope-style Budgeting App
Why It Matters: Health expenses can sneak up. Having a clear view of your finances helps you prepare for copays, prescriptions, and out-of-pocket costs that Medicare doesn’t cover.
Filing taxes in retirement can get complicated — especially with Social Security, pensions, and Medicare premiums involved. These services are designed to simplify the process for older adults:
Trusted Providers:
- TurboTax – Guided Online Filing
- H&R Block – Senior-Friendly Interface and In-Person Support
Bonus Tip: If you’re 60+, you may qualify for free tax help from IRS-certified volunteers. But for DIYers, these tools are quick and reliable.
You don’t need a lawyer to create a legal will or trust. These online platforms offer easy, affordable estate planning — so your wishes are known and your family is protected.
Top Choices:
- Trust & Will – Create a Will or Trust in Minutes
- LegalZoom – Trusted Legal Help Without the Price Tag
You can also name a healthcare proxy, set up power of attorney, and store everything digitally.
Seniors are often targeted by scammers, especially those tied to Medicare or Social Security. These services monitor your personal data and alert you to suspicious activity.
Best Options:
- LifeLock by Norton – Comprehensive Protection
- Aura – Simple Setup and Strong Coverage
Good to Know: Medicare will never call you to ask for your number. Use identity protection to safeguard against fraud, especially if you shop or manage your benefits online.
As part of your retirement planning, we recommend creating a “financial file” that includes:
- Medicare ID card and coverage details
- Bank and retirement account summaries
- Copies of your will, advance directive, and POA (if applicable)
- Contact info for financial and healthcare decision-makers
- Email and online account logins and passwords
Digital tools can help keep this secure and accessible.
Need Help Navigating Medicare Costs?
If you want to understand what Medicare will and won’t pay for — and how to protect yourself from surprise bills — we’re here to help.