For the first time in human history, we have a greater percentage of the global population over age 65 than under the age of 5. While life expectancy based on medical history has thus far been a primary factor in determining potential for longevity, as we move away from traditional institutional care into community/ home-based care, there will be more emphasis on the Five Pillars of Longevity, as they relate to long term care.
Today’s high tech world has changed the way we live; from transportation to food and everything in between, there’s an app for that. However, when it comes to aging, there’s no “app for that!” While aging is inevitable, thanks to technological advances and improved access to better health care, countless seniors have been able to remain healthy, independent and happy as a result. Read More
Too many Americans postpone retirement planning. When it suddenly shows up, they’re caught unprepared for meeting expenses, with a reduced income that can quickly wipe out savings and rob them of peace of mind and enjoying their Golden Years. These are the 10 biggest retirement planning mistakes:
Did you know that a single health issue can cause major financial issues and even empty the savings account of an aging senior in as little as a year? Are you or your aging parent covered in the event something critical happens? Read More
Last year was filled with turbulence for seniors and family caregivers. The House of Representatives passed the RAISE Act offering help and support for elderly families. For many, the cost of caring for our loved ones carry unexpected emotional burdens and financial surprises. Costs are only expected to increase along with the out-of-pocket expenses that could jeopardize the quality of senior health care. Read More
Have you thought about estate planning, such as making a will, but haven’t actually taken care of it yet? You’re not alone. According to a Harris Poll, 64% of Americans haven’t completed a will. Read More
When we are young and able to work a full-time job, we depend on our weekly earnings to pay for our living expenses. All of this will change quickly, though, as soon as we retire from our career. The weekly paychecks stop coming in, but unfortunately the expenses don’t. That’s why it is important to have a plan in place and begin retirement income planning now to insure you don’t outlive your income as you get older.
Are you concerned about having enough income to meet your needs during retirement? Or are you taking care of a loved one and responsible for his or her financial and health care needs? If so, you might feel overwhelmed with all of the choices and options available to you. Researching, creating a longevity plan, and asking the right questions takes a lot of time and energy. However, it’s important to begin the process now so you have a longevity plan in place and make the right choices when the need arises. Read More
If you’d like to stay in your home and age in place, reverse mortgages might be an ideal option for you. A reverse mortgage loan is a special kind of home equity loan that allows you to use your equity to pay for various expenses. Read More
If you’re an older adult with mobility or health issues, you might be wondering if you can continue living in your current home. Or maybe you’re concerned about your aging parents’ safety and health while they’re living in their home. Instead of moving to a nursing home or assisted living facility, there are options that may allow you to age in place, remain independent and stay your healthiest. Read More
Do you want to sell your home, but you’re not sure where to start? It may have been a while since you’ve sold a house and found a new place to live. So you probably have a lot of questions about what steps you need to take to get the best price for your current home and ensure that the selling process goes smoothly. Read More
As you or a loved one get older, are you thinking about moving to a smaller home that’s easier to take care of and manage? You may find maintaining a large home and yard is challenging. However, the thought of selling, moving and buying a new home can seem overwhelming.
Although no one wants the time to come, it is important to recognize the signs that your aging parent may no longer be able to safely and independently live alone. This can be a very overwhelming realization for your family. Moving can be stressful for anyone; but making this transition from a long-time home into senior housing communities or an assisted living residences, is a life-changing experience. This dramatic life change can be hard for seniors as well as their family members.
Each year thousands of families must make the hard decision about the care of an aging relative. While everyone wants the best care possible for their loved one, many people do not know where to begin. They do not know where to look for help, nor do they understand what caregiver qualities to look for in a caregiver. It is important that families receive sound advice and work with people they can trust throughout this process. So what are the qualities of a good caregiver? Let’s take a look.
Believe it or not, according to the National Alliance for Caregiving, over 44 million people in the U.S. today are providing care for an aging family member instead of utilizing professional paid family caregiving. Being the caregiver for an older parent takes its toll on families. While these unpaid caregivers think they are saving money by doing it themselves, there are some costs they might not even realize.
Are you trying to decide what’s the best health coverage for you or a loved one? What if you already have health insurance? The choices can be confusing and overwhelming. To help you better understand your options, here’s what you should know about Medicare plans and other types of insurance so you can get the right coverage to meet your needs. Read More