Posts Tagged ‘bills’
Nearly Half of Baby Boomers Don’t Have the Cash to Age in Place
Nearly 50 percent of baby boomers reported that they don’t have a sufficient amount of savings to age in place in their own homes. This is according to a joint survey conducted by website Next For Me and roommate matching service Silvernest. The survey, which was conducted with Next for Me and Silvernest subscribers in…
Read MoreReverse Mortgages Can Provide Retirement ‘Safety Net’
A reverse mortgage can be a viable financial product for seniors looking to protect their retirement assets from a volatile influencer like the stock market, while also reducing the risk of a retiree exhausting all of their financial resources in retirement. This is according to an article on funding longevity recently published in Kiplinger. “Reverse…
Read MoreYour Personality as a Teen May Predict Your Risk of Dementia
Could your personality as a teen forecast your risk for dementia a half-century later? Very possibly, say researchers, who found that dementia risk is lower among seniors who were calm, mature and energetic high schoolers. “Being calm and mature as teen were each associated with roughly a 10% reduction in adult dementia risk,” said study…
Read MoreRising Senior Debt Levels are Concerning Researchers
While more seniors today are embracing more active lifestyles and generally working longer, academics conducting research into the lives of modern older Americans are also recording an increasing trend in seniors’ embrace of debt, which has both financial consequences while also raising mental health concerns. “The median total consumer debt of households headed by someone…
Read MoreNon-emergency 911 Calls Highlight Aging in Place Struggles
An influx of non-emergency 911 calls across the state of Tennessee is straining the resources of area first-responders, showing that there’s progress to be made in terms of allowing more seniors to age in place. According to a report in the Chattanooga Times Free Press, Tennessee State Rep. Mike Carter (R) says he wants to…
Read MoreSurvey: Older Adults Struggle with Housing Costs at All Income Levels
Nearly 1 in 3 adults over the age of 45 have struggled to keep up with housing costs over the last 12 months. While these costs predictably hit those with lower incomes harder, the issue is present across all income levels and retirement timelines. This is according to a new survey conducted by real estate…
Read MoreStaying Healthy Now to Work Into Older Age
While you can take Social Security benefits at age 62 and get 75% of your maximum, waiting until you reach full retirement age (between age 66 and 67 depending on the year you were born) gets you much closer to the full amount. But the age at which Americans can collect the most dollars has…
Read MoreSenior Living Survey: 61 Percent of Adults Want to Age in Place
Americans are retaining a strong desire to age in place, as opposed to moving into some kind of assisted living arrangement. 61 percent of surveyed Americans said they want to age in place at their current home, even if they have to live alone. This is according to a survey conducted by OnePoll on behalf…
Read MoreMore People Plan to Keep Working After Retirement
63 percent of self-employed American workers describe themselves as “looking forward” to retirement, and 26 percent say that they are “very much” looking forward to their post-working lives. The importance and form of retirement is also variably defined based on different demographics, and incorporates an increasing trend of of continuing work into a person’s senior…
Read MoreAAG Survey Defines ‘Dream Retirement’ Among Age Groups, Genders
In retirement, baby boomers look forward to spending more time with their families while Gen Xers and millennials aspire to travel after completing work. This is according to the results of the Dream Retirement Survey, a multi-generational nationwide poll designed to gauge different views on retirement that vary by generational and gender divides, conducted by…
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