Posts Tagged ‘health’
Retirement Savings Exposed to Notable Risk During Pandemic’s Onset
The retirement savings of Americans — while initially shielded from some of the immediate economic shock stemming from the COVID-19 coronavirus pandemic’s effect on the stock market — were nonetheless exposed to considerable risk by the ensuing economic downturn that followed. While the market has showed signs of recovery in recent weeks, many of those…
Read MoreUSA Today: Reverse Mortgages Can Help Meet Unexpected Expenses
A reverse mortgage has the potential to help retirees weather unexpected or emergency expenses in retirement, and should be seen as a viable path that can help certain seniors make ends meet. This is according to a story written by Robert Powell, the editor of TheStreet’s Retirement Daily in a new column published at USA…
Read MoreForbes: Reverse Mortgages Can Help Pay for Long-Term Care
Because there are notable gaps in the coverage of long-term care (LTC) services in the Medicare program, one possible path to funding such services could be through the use of a reverse mortgage. This is according to Diane Omdahl, a former technical expert for the Centers for Medicare and Medicaid Services (CMS) and a Medicare…
Read MoreTime Spent on the Links May Lengthen Life
Grab your golf clubs. Spending a day on the green at least once a month may lower the risk of early death among older adults, a new study finds. About 25 million Americans play golf, which is a sport that can reduce stress and yield exercise benefits. Social in nature and played at a controlled…
Read MoreDoes Size Matter? Volume of Brain Area Not Always Tied to Memory, Thinking
When it comes to parts of your brain, bigger isn’t necessarily better. Experts long believed that a bigger hippocampus meant better memory. But new research finds that the size of this seahorse-shaped structure deep in the brain doesn’t always predict learning and memory abilities. Researchers looked at more than 330 older adults in Germany and…
Read MoreMore than Half of Americans Support Adult Children, Derailing Retirement
Parents with adult children are often closely linked in terms of finances, and the depth of those connections can sometimes threaten the retirement plans of the parents. This is according to new research released by home co-investing company Unison, announced on Thursday. According to the results of a survey conducted in August 2019, 92% of…
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 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 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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