Study: 72% of middle-class seniors may not be able to afford assisted living by 2033
A new study released by NORC at the University of Chicago finds that nearly three-quarters of American seniors will be unable to afford assisted living programs by 2033, excluding home equity wealth from the equation. However, even when home equity is included, less than half of seniors will be able to afford such care. “A…
Read MoreSeafood in Pregnancy: To Eat or Not to Eat?
Pregnant women hear a lot of “Do this” and “Don’t do that” advice about what is safe to eat. But one recommendation that’s particularly important involves seafood: During pregnancy, women need to eat enough seafood to gain the health benefits, but not so much to raise the risk of some significant consequences. They also need…
Read MoreThe No. 1 Thing People With Fat Savings Accounts Scrimp on That You Likely Don’t
Housing may be the key to bigger savings. Earlier this week, a Reddit post — from a 48-year-old woman claiming to be a millionaire despite having only low-paying jobs until about age 30 — went viral, and in it she details some extreme frugality. She says she saves tea bags so she can make multiple…
Read MoreSmall Study Suggests Ozempic Relative May Slow Parkinson’s
Could a medication similar to the blockbuster weight-loss drugs Ozempic and Wegovy slow the ravages of Parkinson’s disease? A new, small study suggests it could: Over the course of a year, a group of French researchers followed 156 people with early Parkinson’s who were randomly given lixisenatide, a GLP-1 receptor agonist made by Sanofi, or…
Read MoreAre reverse mortgages the most underutilized retirement tool?
Reverse mortgage use as part of a broader financial plan “is really the intention in the financial planning space,” Pfau told the outlet. While reverse mortgage customers benefit greatly from low rates, the current high-rate environment doesn’t fully cancel out their potential use as a planning tool, he explained. “It’s all about the sequence-of-returns risk…
Read MoreU.S. News: 6 Steps For Those Starting Retirement With No Savings
For new retirees who begin their non-working lives without the advantage of having savings, a new article from U.S. News and World Report offers up six potential steps people in that situation can take in order to enhance their financial standing in their retirement years. Among the included recommendations is the employment of the home…
Read MoreBuckle Up! I Live Near an Airport—Here Are the Pros and Cons
If you are thinking about purchasing a home near an airport, here’s what I considered on my homebuying journey to help guide you on your decision. Concern No. 1: Noise One of the biggest possible drawbacks of living near an airport is—you guessed it—the sometimes booming sound of planes landing and taking off. So you’ll…
Read MoreRetired couples might need $400,000 in savings to cover medical expenses
Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life, an increase over the previous year’s estimate of $383,000. This is according to new findings from the Employee Benefit Research Institute (EBRI). The figure is the “predicted savings target for Medicare beneficiaries…
Read MoreHere are the markets with the most baby boomer homeowners
A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S. Census…
Read MoreThe Lifelong Health Benefits of Intimacy
Much research has explored the mental and physical health benefits of maintaining social contacts well into later life. Studies also show that maintaining sexual health can have profound benefits that may include slowing down the aging process. Besides the exercise value of sex, research has found that sexual pleasure and intimacy may help ease everyday…
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