Posts Tagged ‘health care’
How and Why to Refinance a Reverse Mortgage
Refinancing an existing reverse mortgage into a new and potentially better one could be an option that works for some senior homeowners, but it’s not a universally good solution for everyone. This is according to a new article at U.S. News & World Report by personal finance and business contributor Rebecca Lake. Not only would…
Read MoreSeniors Twice As Likely To Work Now vs. 1985
Rising health care costs combined with a lack of sufficient retirement savings and benefit payments has caused a higher rate of seniors to forego their retirements and continue working, making the idea of leaving work behind more stressful than sought after. This is according to a study conducted and released by money management firm United…
Read MoreBest Jobs For Retirees
Retirement isn’t always the end of our working lives. Many Americans return to work after retirement due to the need for extra income for unexpected expenses, lack of savings, or because of a desire to stay busy. A full 19 percent of people work at least part-time after retirement according to a U.S. jobs report,…
Read MoreThe Lifelong Health Benefits of Intimacy
Much research has explored the mental and physical health benefits of maintaining social contacts well into later life. Studies also show that maintaining sexual health can have profound benefits that may include slowing down the aging process. Besides the exercise value of sex, research has found that sexual pleasure and intimacy may help ease everyday…
Read MoreSenior Falls a Key Factor for Hospital Readmission
Fall-related injuries are a major reason why seniors are readmitted to the hospital within a month after being discharged, a new study finds. “Falls are a trifecta in terms of reasons why they need an increased focus,” said principal investigator Geoffrey Hoffman, an assistant professor in the University of Michigan’s School of Nursing. “They are…
Read MoreForbes: Forward vs. Reverse Mortgages in Retirement
Using a reverse mortgage to refinance an existing mortgage will create more financial flexibility for fixed-income retirees, according to Dr. Wade Pfau, professor of retirement income at the American College of Financial Services and a member of the Funding Longevity Task Force, in a new piece at Forbes. “The general idea is that a reverse…
Read MoreTake a New View of Aging
The way you view aging can affect how well you manage stress. Older people who see aging negatively have stronger (negative) emotional reactions to day-to-day stresses, while such events have little effect on the moods of adults who are more positive about getting older. Their sunny outlook acts as a buffer against little annoyances. That’s…
Read MoreMost U.S. Middle-Class Seniors Will Lack Funds for Assisted Living by 2029
A decade from now, more than half of middle-class seniors in the United States will be unable to afford needed housing and personal assistance, a new study contends. The number of middle-income people over 75 will nearly double to 14 million by 2029, up from about 8 million today, projections show. About 54% of these…
Read MoreReverse Mortgages Can Be a Positive Retirement Planning Tool
The perception of reverse mortgages as a “last resort” loan to fund retirement is diminishing, but persistent. Still, reverse mortgages are increasingly being seen as a viable financial tool for eligible borrowers even though prospective users should be aware of high upfront costs, according to a new piece at Dow Jones financial news subsidiary Barron’s.…
Read MoreAnger a Threat to Health in Old Age
The loss of loved ones can hit the elderly particularly hard, but a new study suggests it’s anger, and not sadness, that may damage the aging body more. Anger can increase inflammation, which is linked with conditions such as heart disease, cancer and arthritis, the researchers said. “As most people age, they simply cannot do…
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