More Steps Per Day, Lowered Odds for Diabetes in Women
Move your body every day to guard against type 2 diabetes. That’s the upshot of a new study that analyzed Fitbit data and type 2 diabetes rates from participants in a nationwide research program, reporting that women who logged more steps each day had a lower risk of diabetes. “We investigated the relationship between physical…
Read MoreAs more seniors age alone, could reverse mortgages become key?
According to recent statistics, a higher number of American seniors are aging without a living spouse or biological children, raising questions about who will care for them if serious health issues or financial problems occur later in life. Issues associated with “kinless” seniors were highlighted this week in a New York Times article. According to…
Read MoreHoliday Kitchen Accident? Here’s How to Treat Minor Cuts, Burns
From burns to cuts, kitchen accidents happen, and they may be more likely as you cook for holiday gatherings. Treating those injuries quickly and effectively can help begin the healing process and may reduce scarring, according to a skin expert at the American Academy of Dermatology. “Whenever your skin is injured — whether by accident…
Read MoreAre reverse mortgages an option for seniors who want to avoid nursing homes?
The full impact of the COVID-19 pandemic on the senior population is becoming clearer. According to recent estimates reported by the Washington Post, nearly 9 in 10 deaths attributable to COVID-19 were people aged 65 or older. Another pandemic-related point of clarity is related to older Americans who reside in nursing homes. Based on new…
Read MoreSeniors still making mortgage payments should consider HECM
Roughly 60% of homeowners at or approaching the age of 62 continue to make forward mortgage payments,a sizable expense as many people during that phase of life are transitioning out of their jobs and into a fixed-income environment. A reverse mortgage’s elimination of a monthly mortgage payment may provide needed financial relief for these seniors,…
Read MoreAlzheimer’s Experts Offer Tips for ‘Dementia-Friendly’ Homes
While most homes aren’t designed to be dementia-friendly, they can easily be adapted, according to a national Alzheimer’s disease group. “Virtually every aspect of a home can affect the person’s quality of life,” said Charles Fuschillo Jr., president and CEO of the Alzheimer’s Foundation of America (AFA). “From purchasing higher-tech appliances all the way down…
Read MoreReverse mortgages have ‘reemerged’ to help pay for long-term care
Reverse mortgage loan proceeds can be used in a number of ways by borrowers who want to solve an issue with their cash flow. However, it’s becoming more and more common for borrowers to use the proceeds to pay for long-term care (LTC), like a nursing home, according to a recent article published in U.S.…
Read MoreReverse mortgage worth mentioning in housing conversations with seniors
Conversations with older adults related to the housing needs of later life can be sensitive and difficult to navigate, but offering a range of options about what directions that seniors can take their housing futures into can be beneficial. One such option could include a reverse mortgage, according to a new column published by AARP.…
Read MoreWhat Mortgage Down Payment Do You Need? A First-Time Borrower’s Guide
Ask most people about the biggest obstacle to buying a home, and hands down, they’ll say it’s scraping together enough money for a down payment and closing costs. But understand a key point: This is not a separate and distinct issue from landing a mortgage. Lenders, after all, like to see clients lay down a…
Read MoreStudy: 72% of middle-class seniors may not be able to afford assisted living by 2033
A new study released by NORC at the University of Chicago finds that nearly three-quarters of American seniors will be unable to afford assisted living programs by 2033, excluding home equity wealth from the equation. However, even when home equity is included, less than half of seniors will be able to afford such care. “A…
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