Top 5 Reasons People Get Reverse Mortgages
Once you’ve done your research on reverse mortgages and gained a more complete understanding of the product, the next step is to decide if a reverse mortgage is right for your situation. If you’re eligible (a homeowner 62 years of age or older with equity in your principal residence), this may be a quick decision…
Read MoreReverse Mortgage Line of Credit Could Fund Long-Term Care
There’s a 70% chance that people over 65 will need some kind of long-term care, including services such as home care, assisted living and skilled nursing, according to government statistics. There are lots of ways to pay for long-term care services, including Medicare, Medicaid, traditional health insurance, long-term care insurance, life insurance and annuities. Some…
Read MoreHaving Trouble Hearing? Maybe It’s Not Your Ears
Seniors who struggle to make out what people are saying around the dinner table or on a noisy street may have perfectly “normal” hearing. The problem could actually be in the brain, a new study suggests. Trouble processing conversations in a loud setting may indicate that the brain’s ability to quickly and easily process speech…
Read MoreHour-Long Nap May Boost Brain Function in Older Adults
Napping for an hour in the afternoon may provide a mental boost for older adults, a new study suggests. This extra daytime sleep was linked to improved memory and ability to think clearly among the Chinese study participants, the researchers said. The study included information from nearly 3,000 adults aged 65 and older. The investigators…
Read MorePrices Skyrocket on Drugs Widely Used by Seniors
The prices of brand-name drugs used by many older Americans rose nearly 130 times faster than inflation last year, a new study reports. “This new report once again highlights the high and unrelenting price increases that are shockingly common in the pharmaceutical market,” said Debra Whitman. She is chief public policy officer at AARP, a…
Read MoreCould a Reverse Mortgage Save Your Retirement?
As baby boomers retire at the rate of 10,000 per day, many of them are woefully underfunded for their future retirement needs. While reverse mortgages have gotten a bad rap over the last decade, the product has changed and become more regulated. Reverse mortgages are now gaining a lot of attention as a viable option…
Read MoreHow to Hire a Home Care Provider
Most people prefer to be cared for in their home rather than a nursing home or other care facility, but finding a home care provider for you or a loved one can be daunting. Here are some things to keep in mind when looking for a caregiver. LEVEL OF CARE The first thing to consider…
Read MoreActivities That Slow Cognitive Loss
Mental Activity Keeping the brain active seems to increase its vitality and may build its reserves of brain cells and connections and may actually generate new brain cells Higher levels of education appear to play a role in protecting against dementia, possibly because brain cells and their connections are stronger, symptoms may still appear but…
Read MoreThings to Consider if a Senior Lives Alone
How do you know when it’s time to help a relative make the decision to move into a senior apartment or assisted living facility? The answers to this questionnaire may help you make that decision. SAFETY NEEDS 1. Has your relative had accidents as a result of weakness, dizziness, or inability to get around? 2.…
Read MoreObesity Linked to Poorer Mental Skills in Seniors
Obesity is associated with reduced memory and thinking skills in adults aged 60 to 70, especially those with greater amounts of abdominal fat, according to a new study. The study included 250 people aged 60 and older who underwent various measurements of their body fat and a test of thinking skills. The researchers found that…
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