Posts Tagged ‘senior’
Study: 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…
Read MoreSmall Study Suggests Ozempic Relative May Slow Parkinson’s
Could a medication similar to the blockbuster weight-loss drugs Ozempic and Wegovy slow the ravages of Parkinson’s disease? A new, small study suggests it could: Over the course of a year, a group of French researchers followed 156 people with early Parkinson’s who were randomly given lixisenatide, a GLP-1 receptor agonist made by Sanofi, or…
Read MoreU.S. News: 6 Steps For Those Starting Retirement With No Savings
For new retirees who begin their non-working lives without the advantage of having savings, a new article from U.S. News and World Report offers up six potential steps people in that situation can take in order to enhance their financial standing in their retirement years. Among the included recommendations is the employment of the home…
Read MoreRetired couples might need $400,000 in savings to cover medical expenses
Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life, an increase over the previous year’s estimate of $383,000. This is according to new findings from the Employee Benefit Research Institute (EBRI). The figure is the “predicted savings target for Medicare beneficiaries…
Read MoreReverse mortgages could be a long-term care option
Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive…
Read MoreAmerica’s Doctors Offer 10 Health Resolutions as You Start a New Year
Still weighing whether to make a New Year’s resolution? Or perhaps regretting letting your healthy habits slide during the holidays? Either way, the American Medical Association (AMA) has ten recommendations to help Americans improve their health in 2024. “It is quite common after the holidays to think about all you’ve eaten or your reduced physical…
Read MoreReverse mortgage lines of credit could benefit from higher rates: retirement expert
The Federal Housing Administration (FHA) ties a growth rate to mortgage interest rates on HECM credit lines, Resch explained. “With higher rates, the available line of credit grows faster,” Resch told the publication. This is a different result compared with clients who have other kinds of home equity loans, who are seeing available cash proceeds…
Read MoreStudy Urges Seniors to Get Moving to Live Longer
Can you tell how long you’ll live? For seniors, how fit you are may offer a clearer forecast of life span than traditional markers such as high blood pressure, high cholesterol, diabetes and smoking, a new study suggests. It included more than 6,500 people, age 70 and older, who had an exercise stress test between…
Read MoreOne Food Could Boost Health of Colon Cancer Survivors
Colon cancer survivors can give their health a boost by eating more navy beans, a new clinical trial finds. Small, white navy beans are full of gut-supporting fibers, amino acids and other nutrients that can help the beneficial bacteria of the gut flourish, researchers said. And colon cancer patients who added a cup of navy…
Read MoreOne Part of Your Brain Could Point to the Mind’s Decline
Shrinkage of one of the brain’s key memory centers appears to herald thinking declines, a new study finds. The region in question is the hippocampus, a two-sided structure located roughly above each ear and embedded deep within the brain’s temporal lobe. It’s long been known to play a crucial role in the storage and transference…
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