The elderly continue to receive inappropriate drug prescriptions, with about one in five prescriptions deemed as risky, a Dutch review of 19 published studies performed in 11 countries has found. Darvon (propoxyphene), Cardura (doxazosin), Benadryl and others (diphenhydramine), and Elavil (amitriptyline) and similar class drugs were prescribed for older individuals at rates exceeding 3 percent…

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Rising household wealth held by older adults in recent years have put today’s seniors in a better position to tap home equity for retirement purposes. But increasing housing debt among this population could hinder their ability to use home equity to improve retirement security in the future, according to new research from the Urban Institute.…

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Reverse mortgages have cultivated an aura of mistrust and skepticism over the years, mostly as a result of a generally misinformed public. But knowing how these financial products can play a vital role in retirement income planning can alleviate the most common fears about reverse mortgages, according to a recent TIME Money video segment. “Reverse…

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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…

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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.…

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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.…

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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,”…

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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…

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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…

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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…

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