News & Insights
Activities 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…
Read MoreHow Reverse Mortgages Can Save Retirement
It is no secret that baby boomers are underfunded for their upcoming retirement needs, but a reverse mortgage could be a viable option to supplement retirement income, according to a recent article by U.S. News & World Report. One area that many people aren’t accounting for as they age is their life expectancy. Many underestimate…
Read MoreRisky Drugs Widely Used by Seniors
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…
Read MoreWhy Today’s Seniors Are Primed to Tap Home Equity for Retirement
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.…
Read MoreDon’t Be Afraid of Reverse Mortgages
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…
Read MoreGenes, 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.…
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