Options Needed to Pay for Long Term Care

Disabled man in assisted living center

Are you looking for ways to pay for long-term care? The national average cost per month for senior housing starts at $4,000. At home personal care costs $23 an hour. There is no way to avoid the expenses, but there are ways you can put a home's equity to work. The most valuable asset a senior has is a home. And today, the most common option to pay for long-term care is using the home's equity through a Reverse Mortgage where the lender makes payments to the borrower. The borrower does not pay back the loan until the house is

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Health Benefits of Social Media for Seniors

3 Easiest Ways to Record Phone Calls on iPhones

When you think of social media, I doubt you picture grandma tapping away on her smartphone.You would be surprised by the benefits of social media for seniors. Just three years ago the number of social media users over the age of 65 was thought to be under 10%. Now, that number seems to be on the rise according to recent studies. The reasons for the recent rise in the popularity of social media with this generation is still up for debate. Some people speculate that it could be due to the unexpected health benefits older social media users are experiencing. With this in

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Best Golf Courses for Seniors

Best Golf Courses for Seniors

Golf is a popular activity with seniors, and it's a wonderful way to spend a sunny day, with countless excellent golf courses waiting to be found all across America. But which courses are the best options for you? Where should you go to enjoy a great game of golf as a senior? From Florida to California, let's take a closer look at some of the best golf courses for seniors. El Campeon, FL From the top of the state right down to the bottom, Florida is one of the best spots for golf, and it also happens to be one

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Senior Rentals: Benefits To Renting, Drawbacks, and Tips You Should Know

Senior Couple Moving to New House

The period between 2006 and 2016 saw an 84% rise in tenants in their 60s. Although not every senior rents a property in their golden years, for many, it is becoming increasingly appealing. There are some definite benefits to living in a rental property as a senior, and while some prefer to live in their paid-off homes for the remainder of their lives, living in a rental home provides peace of mind and ease of care that an owned home often cannot compete with. Better Maintenance One of the foremost benefits of living in a rental property as a senior is that maintenance

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Busy Fingers, Busy Brain: Why Crafting Is Crucial For Seniors

The US Census Bureau has found that Americans currently spend around five to six hours per day on leisure and sports activities, including hobbies such as crafting.  It’s certainly time well spent, particularly for older adults. Learning and practicing a new craft as a senior brings many rewards; not only can the creative process boost mental health and self-esteem, it can also improve fine motor skills and provide an opportunity for socializing and making friends, which has been scientifically proven to benefit those with Alzheimer's.  So what are you waiting for?  With a broad range of activities to choose from, there’s bound to

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How to Notice Signs of Functional Decline in Seniors

How to Notice Signs of Functional Decline in Seniors

After a certain age, some level of decline should be expected year after year. In our forties and fifties, this decline is incremental. It happens slowly, and while it can affect our physical and mental performance, most of us are still able to live our lives comfortably. But in our sixties and beyond, decline begins to speed up. Eventually, seniors reach a point of functional decline. This is the point where elderly care is required for seniors to live comfortably and safely. Unfortunately, it can be hard to spot functional decline. While decline accelerates in seniors, it still happens gradually

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Understanding Reverse Mortgages

3 Types of Reverse Mortgages: 1.  Home equity conversion mortgages A home equity conversion mortgage or HECM (pronounced “heck ‘em”) is the only type of reverse mortgage that’s backed by the Federal Housing Authority. Available through FHA-approved lenders, HECM reverse mortgages are the most common type of reverse mortgages. HECM loans give borrowers the largest amount of money; upper limits are based on the borrower’s age and the amount of equity he or she has in the home. With a HECM, the borrower continues to pay insurance premiums. Borrowers can use the money from a HECM for any purpose they

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