Reverse mortgages are probably the most misunderstood financial products for seniors. Celebrity spokesmen on TV commercials make them sound wonderful, while negative rumors (“It’s a scam!” “It’s too good to be true!” “The bank will get your home!”) abound. You just don’t know who or what to believe.
Whether or not we want to admit it, our parents will someday arrive at the point where they need our assistance. Caring for aging parents isn’t something we like to consider-especially when we think back to the days they took care of us–but it is part of life, and not something we should dread or delay.
The aging process inevitably creates health problems and limits abilities while also reducing quality of life through social isolation, a lack of independence and other markers. But a home care provider offers services that can improve quality of life and make the aging process easier on seniors and their families.
Moving at any age is a chore. Emotions reach high points for seniors when it comes to leaving the family home. Hiring a Senior Move Manager helps to ease the frustration and feelings triggered by the move.
Seniors looking to downsize or in need of selling the family home due to financial limitations need to meet with a SRES. By reviewing the senior’s current situation, they can offer expert opinions and offer options to fit their needs.
Wouldn’t it be great to have a crystal ball that could indicate what the future has in store? Of course, none of us has that luxury. Maybe that’s a good thing in some circumstances, but knowing what the future holds for our health and finances would be useful.
When it comes to legal services, an elder law attorney can help seniors plan and address legal needs that generally don’t apply to younger generations.
Between the demands of a full-time job, a family, and charitable or recreational activities, your personal finances may take a back seat to the more pressing demands on your time. Fortunately, Long Term Living Association is here to help you with all your financial needs associated with retirement. Read on for a checklist of the seven aspects of your financial life to review on a yearly basis.
Have you underestimated how much you will need in retirement? What is enough?
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