Posts Tagged ‘health care’
Love Museums, Theater? The Arts Might Extend Your Life
If you’re a senior who loves to take in the latest art exhibit or check out a new musical, it might do more than stimulate your senses: New research suggests it could lengthen your life. Scientists found that among over 6,700 older adults they tracked, patrons of the arts had a markedly better survival rate…
Read MoreCards, Board Games Could Be a Win for Aging Brains
Playing cards and board games like chess, bingo and Scrabble might be the mental workout you need to keep your wits as you age, Scottish researchers suggest. People in their 70s who regularly play board games score higher on tests of memory and thinking skills than those who don’t. And 70-somethings who step up their…
Read MoreForbes: What Seniors Should Know Before Getting a Reverse Mortgage
Potential borrowers of reverse mortgages, whether they are Home Equity Conversion Mortgages (HECMs) or a proprietary, non-government product, should be aware of key features before engaging in a loan. These include borrower obligations related to taxes and homeowners insurance, as well as the ways in which reverse mortgage products have undergone significant changes in recent…
Read MoreWSJ: Reasons Retirees Should Consider a Reverse Mortgage
Retirees should strongly consider employing a reverse mortgage loan to help fund their retirements, primarily because they can serve to protect against two major problems: falling home prices, and the increasing likelihood that a senior will outlive his or her assets. This is according to Professor Benjamin Harris, executive director of the Kellogg Public-Private Interface…
Read MoreHow Seniors Can Stay Happy and Healthy with a Smartphone
Over 90 percent of adults over the age of 55 are at risk of developing or have already developed high blood pressure, and 80 percent of seniors have at least one chronic health issue — while 77 percent have at least two. As you age, finding ways to take control of your health is crucial…
Read More40% of Empty Nesters Report They’re Still Paying Kids’ Expenses
Nearly 40% of surveyed “empty nesters” with an average age of 49 still support their adult children financially on a variety of expenses, including mobile phone plans, rent payments, groceries and student loans. This is according to a survey recently conducted by 55places. “While empty nesters may taste newly-found freedom, their wallets still seem to…
Read MoreAging in Place Threatened by Rising In-Home Care Costs
The costs associated with “homemaker” services – which assists older adults with tasks including cooking, cleaning, and running errands – and home health aides – who assist older adults with bathing, dressing and eating – are rising at a faster rate than nursing home care, making assistance with basic tasks more expensive. This is according…
Read MoreHarvard Study: Home Equity Will Be Critical for Aging Americans
Households with housing cost burdens have reached an all-time high, and many households led by those in the senior age demographic have failed to recover from the financial crisis that began in 2008. This has exacerbated the need for affordable and accessible housing and in-home care, and the ability to build home equity will be…
Read MoreHow to Clean Up After Thanksgiving in Half the Time
All those hours spent prepping and cooking in the kitchen in the days leading up to Thanksgiving yield a mouthwatering holiday feast of roast turkey with stuffing, mountains of mashed potatoes, cranberry sauce, and pumpkin pie. But the last thing you want weighing on your mind after you sit down to eat Thanksgiving dinner are…
Read MoreReverse Mortgages an Option to Pay for Long-Term Care
The often unpredictable but increasingly likely expense that awaits people of retirement age is oriented around long-term care, and financial advisors are turning to an abundance of new strategies to help their clients pay for it. One such option according to an advisor is a reverse mortgage, who offered the idea in a new story…
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