Genes, Not Healthy Living, Get Most to Age 100
New research suggests that your life choices might not be the crucial factor in determining whether you make it to 95 or beyond; it finds that many extremely old people appear to have been as bad as everyone else at indulging in poor health habits during their younger years. Of course, don’t take this as…
Read MorePutting it in reverse, advisors warm to reverse mortgages
It’s no secret that Americans are largely unprepared for retirement. But according to some financial advisors, they could be improving their financial standing significantly by factoring in home equity into a comprehensive retirement income plan. Reverse mortgages give seniors who are at least 62 years old a way to convert their home equity into cash.…
Read MoreWhy Some Seniors Lose Their Hearing
Do you have difficulty hearing conversations held in a noisy room? Do you have a harder time picking up women’s voices than men’s? Do you constantly ask others to repeat what they just said? If you answered ‘yes’ to these questions, you may be experiencing hearing loss — especially if you are 65 or older.…
Read MoreWhy Financial Advisors Must Accept Reverse Mortgages in Retirement Planning
The negative perception surrounding reverse mortgages not only stunts the growth potential for these products to reach a wider consumer audience, but also deters financial planners from recommending the use of home equity for retirement income planning. “In short, well-handled reverse mortgages have suffered from the bad press surrounding irresponsible reverse mortgages for too long,”…
Read MoreReverse Mortgages Are ‘Surprising’ Option for Retirement Planning
There is a countless number of investment strategies retirees can use to plan for their financial future, but one method that has often been considered a last resort option may offer a “surprising” solution to retirement income planning, suggests a recent article from TIME Money. “Despite a bad reputation, reverse mortgages, which let retirees tap…
Read More5 Ways A Reverse Mortgage Can Help Your Retirement
The old notion that reverse mortgages should only be taken out as a last resort simply is no longer true today. In fact, I believe there are five ways reverse mortgages can improve your retirement income plan. First, a definition: A reverse mortgage is a way to convert home equity from your primary residence into…
Read MoreHot Cocoa May Boost Seniors’ Brain Power
Cocoa flavanols have shown some benefits for the heart, but they may also be good for cognitive function in older people, researchers found. In a double-blind study, elderly patients with mild cognitive impairment who consumed high or moderate levels of cocoa flavanols for 2 months had significant improvements on certain cognitive assessment tests compared with…
Read MorePoor Reading Skills Might Be Fatal for Older Folks
Being unable to read and understand basic health information might have a deadly outcome for older people, new research reveals. The study included nearly 8,000 adults in England, aged 52 and older, who completed a test of functional health literacy — the ability to use reading skills to understand health-related information. Specifically, the test assessed…
Read MoreHow to Prevent Hearing Loss
Do you have trouble following a conversation in a noisy room? Do other people complain that you have the television turned up too loud? If the answer to either of those questions is yes, you may already have some degree of hearing loss. Hearing loss can start at any age. According to the National Academy…
Read MoreIt’s Never Too Late to Stop Smoking
Smoking is tough to give up at any age, but it can be particularly difficult for seniors whose smoking habit is decades long. But when you quit smoking, especially as a senior, there are always dramatic — and immediate — benefits to your health. Health Risks for Seniors Who Smoke Smoking can cause some serious…
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