Carol MarakTips on Saving Money for Retirement
A great question to ask when buying something, especially big ticket items, "Is this the best you can do?" It doesn't hurt to ask. A recent article at Money features Sam Parr, founder of The Hustle, a media company that produces a popular business newsletter, has raised over $1.3 million in funding. Parr credits most of his success to the smart money habits. Save More If you're frugal and shop smart, you can put what you save into a retirement account, don't just leave that extra money sitting in the bank. Put it in a savings account. Aside from saving
Continue readingWays to Adjust to a New City
Are you starting over in a new city where you don't know anyone? Or thinking about making a move? Or maybe you've just moved to an independent living facility and know very few residents. I found an article on Livability and wanted to share a few great tips if you plan to make a move to a new city in the future. A few years back I made a move and glad for it. It was definitely life-changing and, rarely, disappointing - and it's something everyone should do at least once. After the move, it took a while to adjust
Continue readingWhat to Know About Landlords
A reader requests, "Many retirees opt to sell their homes and rent apartments. It would be great to see something about dealing effectively with landlords as we age, particularly when it comes to important maintenance and safety issues. Many owner landlords are reluctant to spend money or manpower on maintenance; and don't always take service requests or complaints submitted by older renters seriously and/or do not respond in a timely manner. And many seniors are reluctant to report or assert themselves for fear of reprisal or confrontational situations. Perhaps this falls somewhere under the "elder law" category?" Drive out rent
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Guest BloggerAnnuities and Qualifying for Public Benefits
Do you own an annuity? Annuities are a complicated subject and even more so when it comes to their effect on the Medicaid or VA Aid and Attendance application process. How can an annuity impact a person’s ability to qualify for Medicaid or VA benefits in the future? Before I answer the question, let’s start with some basics. Annuities are creditor protected insurance products that guarantee income. A qualified annuity is a financial product that accepts and grows funds. Premiums for qualified annuities are generally paid with pretax dollars, as are any investments purchased for use in a qualified retirement plan. “Qualified” is a descriptor given
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Kendall VanBlarcomMoving Aging Parents into Your House
Are you considering moving an aging parent into your home? For some, moving parents into an adult child’s home is an optimal solution for everyone involved, but there are things to keep in mind to secure a smooth transition. Benefits of Living with Your Elderly Parents Some families find living with multiple generations is beneficial for everyone. For an aging parent, it can help to decrease feelings of isolation. And adult children can welcome the support of another adult while raising their own young children. Even if you are looking forward to transitioning your parents from their own home into
Continue readingMilitary Veterans Age 55+ on Retirement, Financial Security and More
SeniorLiving.org Report on Military Veterans More than half of all veterans are over the age of 551 and will soon be making decisions about retirement if they have not already. So, how do our nation’s service members plan on living their senior years? We asked military veterans ages 55+ more than 30 questions on topics from retirement to financial security to leisure. Respondents of this survey were almost evenly split between those who had retired and those who had not. Of those not yet retired, more than 60 percent planned to retire within 10 years. We asked questions about retirement
Continue readingUltimate guide to prepare for a bright and enjoyable retirement
Financial security is necessary, more at the age of retirement, and it just does not happen, it needs planning and confinement. Anyone who dreams for a happy and secure retirement, they need to figure out what exactly it means for them. Everyone should have some planning and set goals for their retirement, to have a fun, secure and comfortable retirement. Financial expert at Edumagnate suggests, preparing for retirement starts with examining the goal and time you have for that. After that, you need to check for various types of retirement planning experts and companies, who just raise not the only
Continue readingSenior Rentals: Benefits To Renting, Drawbacks, and Tips You Should Know
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
Continue readingAging: Help Planning for Your Future
Aging happens naturally, but aging well takes careful planning. Take steps to ensure that your financial, living, and medical needs are met in old age. When thinking about the elderly years and how they will play out usually starts after caregiving. It's when people understand the difficulties of growing older. Some see their parents deal with heart problems while others confront dementia and Alzheimer's disease. Observing decline is heart-wrenching. Caregivers feel parents are invincible but soon find out the contrary. What families learn about growing older is that getting organized and prepared for the golden years will help them the
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