May 8, 2017
Courtesy of Devin Peterson, RICP, Advisor
The 20-yard line looks like any other line on the football field, but the game changes as soon as the offense crosses it. This is the Red Zone, the 20 yards left before reaching the end zone. Here, defensive players change their tactics and play with heightened awareness—closer to the line of scrimmage with tighter coverage on the receivers to protect the end zone.
There’s another red zone off the field and closer to home: the Retirement Danger Zone. Here, the financial game transforms, and your defenses need to be stronger and more secure to protect yourself during the few years before and after your retirement date. In this article, we’ll discuss the Retirement Danger Zone, how sequence-of-return risk factors into your financial strategy, and how to protect yourself to come out ahead.
What is the Retirement Danger Zone?
The Retirement Danger Zone covers the period five years before and five years after retirement. You could be getting ready to retire, with plans to leave your employer, or you could be a few years into your retirement and collecting social security. No matter where you fall in this window, you need to be aware of your financial vulnerability.
During this 10-year period, your retirement assets are most vulnerable to market losses, so they need more protection. This vulnerability is caused by the common need for retirees to take withdrawals to supplement their other sources of retirement income. Traditional wisdom for using a market portfolio to supplement your income is withdrawing up to 4% of your balance each year to be used as income. (Most financial advisors cite the “4% rule” as a safe bet). But market losses close to retirement combined with these withdrawals can derail even the best-laid plans.
What is sequence-of-return risk, and why should I care?
Mathematically, the sequence of your returns do not matter if you are not taking withdrawals from your portfolio, even with extreme market volatility. For example, a $1,000,000 portfolio that experiences returns of +100% and then -50% will finish with the same balance as a portfolio that has returns of -50% and then +100%. In both cases, the portfolio’s ending balance is the same $1,000,000, even though the average rate of return is 25%.
Now, to illustrate this risk for an individual moving into retirement, let’s use an extreme cash flow example of a retiree who needs to withdraw $500,000 from his/her account at the end of the first year. In the first sequence, the $1,000,000 would grow to $2,000,000 (100% return) and would easily fund the $500,000 withdrawal. Then, in year two, the account balance reduces to $750,000 (-50% return). In contrast, the second sequence would reduce funds from $1,000,000 to $500,000 (-50% return)—and, after the $500,000 withdrawal, the balance would be $0. In this case, the following year’s 100% return is irrelevant.
In reality, a retiree’s withdrawal needs are not that extreme after the first year of retirement. Nonetheless, the fundamental point remains: if losses are experienced during the Retirement Danger Zone, then it can have devastating effects on the longevity of your portfolio.
These losses are much more damaging to your portfolio in the Retirement Danger Zone simply because with each withdrawal you lock in permanent losses when the market is down. When your account does rebound, it does so with less strength and leverage. This is considered a double loss.
How can I protect myself in the Retirement Danger Zone?
With planning and correct asset placement, you can protect against sequence-of-return risks. With a financial advisor’s help, you can learn to play differently, just like linebackers playing in the red zone to prevent a touchdown.
Under a financial advisor’s guidance, the best protection is to diversify your portfolio. Think of it like storing your assets in two buckets—a safe bucket and a growth bucket. When the market is down, you have a non-market correlated asset to supplement income while you let your full in-market account rebound. “Unless you are a market oracle, owning a diverse portfolio is vital to help limit downside risk,” writes Forbes contributor Stephen McBride. “Many investors know that a good asset mix is key to earning steady returns and invest wisely.” Different avenues of “safe bucket” investments may include the following:
- Real estate
- Bond portfolio
- Income annuity
There is no magical combination that will protect against loss, just as there is no single best defensive play for protecting the end zone. But, with the help of a financial coach, you can read the situation and look for the best plays, the best investments, to see your portfolio out of the danger zone and into retirement.
Call or email an Investment Advisor Representative with Allegis Investment Advisors LLC, a SEC Registered Investment Advisor to learn more. 591 Park Ave Suite 101, Idaho Falls ID 83402.
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April 18, 2017
By Adinah East
If you are a senior caregiver, you probably enjoy being close to the person you care for and enjoy many aspects of caregiving. During difficult days, perhaps you wish there were some hard and fast rules about caring for someone with Alzheimer’s in the home or making a change to 24 hour Alzheimer care in a memory care facility.
Making decisions about living arrangements while caring for someone with Alzheimer’s disease is a personal decision between the caregiver and senior. There aren’t any definitive rules to follow, but there are a few cues to suggest that one setting may be preferable over another .
The conversation about changing the setting for the individual with Alzheimer’s may come about because of the best interests of the patient, the caregiver, or both.
A senior who lives with symptoms of dementia may be too unsafe in the family home, even with 24 hour Alzheimer care. When caring for someone with Alzheimer’s, it may be time to reconsider the care setting when the person needs constant medical attention. The senior may also benefit from the social structure in a memory care facility.
Caregivers often start out their duties with a joyful attitude. As the demands of caregiving mound, their health and well-being deteriorate. When the needs of the patient exceed the caregiver’s abilities or if they are neglecting their work and family life, it signals a time to reconsider continuing to give care at home.
Pros and Cons of Caring for Someone with Alzheimer’s at Home
A 2012 survey showed that 90% of seniors want to remain living in their homes . The benefits of keeping elders at home typically outweigh the benefits of admitting them to a nursing home or memory care center.
Elderly people are happiest when they can wake up to familiar surroundings and enjoy their regular routines, surrounded by the people they love. Elderly people want to live according to their own rules and set their own pace for daily living. To learn more about how to deal with Alzheimer care read this post!
Despite the many benefits to keeping elderly people at home for as long as possible, the physical and emotional demands on the caregiver can become overwhelming. As the caregiver’s stress increases, the caregiver may begin to resent the duties and the toll it takes on his or her own life.
Pros and Cons of Care for Alzheimer’s in a Memory Care Facility
Moving to a memory care facility is almost never the Alzheimer’s patient’s first choice. When in-home care becomes impossible, there are benefits built-in to a residential memory care setting. Doctors are on-call around the clock. Many professions of caring staff provide personal care, social work, activities, meals, housekeeping, security and laundry.
Having these duties taken care of lets family members and friends focus on their relationship with the Alzheimer’s patient during the final stage of life. It can be a difficult adjustment as the Alzheimer’s patient may experience emotional outbursts caused by fear or paranoia. In time, most patients adjust to the new environment.
After weighing all the pros and cons, your best answer may be to try to acquire additional in-home care for Alzheimer’s. Getting a few days of respite also goes a long way towards preventing caregiver burnout. When none of that works, most senior facilities are happy to have you come and get a tour of their facility, see their programs, and get acquainted with staff. You may have a better comfort level with facility care after spending a little time there.
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March 20, 2017
Courtesy of –
Karina Tama – Rutigliano
Digital Marketing Manager
Caring People Home Healthcare Agency
Falls Are the Leading Cause of Injury to Seniors: Essential Facts and Statistics
Falls are the leading cause of injury to seniors, both fatal and non-fatal.[i] Falls pose a significant threat to seniors’ safety and independence, and as a result, give rise to enormous economic and personal costs. Seniors are currently considered the fastest growing age group worldwide.[ii] In recent years, the number of elderly adults has been increasing across the board. In 1996, there were 323 million people in the world above 65 years of age. That number increased to 440 million by 2010 and is predicted to reach 1,555 million by 2050.[iii]
According to the U.S. Centers for Disease Control and Prevention:[iv]
- Roughly 25% of Americans aged 65 and over fall every year.
- Falls cause over 2.8 million injuries treated in emergency departments per year, including more than 800,000 cases that require hospitalization and more than 27,000 deaths.
- It is estimated that every 11 seconds, a senior adult receives emergency room treatment for injuries sustained in a fall, while every 19 minutes, an older adult dies from a fall.
- Fall injury-related costs amounted to $34 billion in 2013.
- The expenses associated with older adult falls are likely to increase further, as the population ages, By 2020 it will be about $67.7
One significant study reported in the Oxford Journals that as a direct consequence of falling, 139 respondents (68.1%) suffered physical injury, 48 respondents (23.5%) sought medical services, and 35 respondents (17.2%) actually needed treatment. 5.9% of the respondents suffered major physical trauma. Concerning medical treatment, in 21 respondents (10.3%) medication was prescribed or changed, whereas 16 respondents (7.9%) were referred to a hospital. Seventy-two respondents (35.3%) reported a decline in functional status, 34 respondents (16.7%) reported a decline in social activities, and 31 respondents (15.2%) reported a decline in physical activities as a direct consequence of their most recent fall. Over 90% of respondents were less physically active for more than one week.[v]
Another study first reported in 2013 a review of reported fall injuries in medical literature from 1995 to 2010 and found that falls among the senior population are associated to a large diversity of more or less severe and undesired physical consequences.[vi] A total of four categories were considered for injuries: fractures, bruises, injuries, and “other” physical consequences. In this review it was observed that fractures resulting from a fall can occur in almost every area of the body. However, hip fractures and other various bone fractures are the most referenced in the literature reviewed, with 37.9% and 27.5% incidence, respectively.[vii]
Studies showing that falls are the leading cause of injury to seniors, may vary regarding the percentage of respondents suffering serious injury or requiring extensive medical treatment. One fact is clear, though: the physical effects of falls in the elderly are serious.
Falls Are the Leading Cause of Injury To Seniors
Falls can result in a variety of outcomes from no injuries sustained, to relatively minor injuries, to serious injuries and even death.
Physical injuries can include:
- Pain – Pain, ranging from minor aches to severe, debilitating pain, is an indicator of underlying conditions and very often prevents healing.
- Bruising – Bruising often develops after the initial trauma and can be aggravated by existing medical conditions or medications.
- Scratches and other superficial wounds – Contact with rough surfaces or other objects during or as a result of a fall can cause scratching or cutting of the skin. While these wounds are generally minor, underlying medical conditions or medication régimes often found in elderly people can complicate the healing process.
- Hematomas – This is a collection of blood, usually clotted, in a tissue or organ, caused by a break in a blood vessel. These can range from a simple bruise to extreme swelling, pain, restricted movement, and numbness or tingling. These signs usually mean that a serious condition is developing.
- Lacerations – A laceration is a deep cut or tear in the skin. Such a deep wound is normally accompanied by steady bleeding and pain. If a difficulty exists with blood clotting, such as may be a side-effect of some medications, lacerations can be deadly.
- Fractures – Fractures are any type of breakage in the bones. As a person ages, the bones become less durable and more susceptible to breakage. As referenced in one of the studies above, fractures are the most-sustained fall-related injury. In fact, hip fractures caused by falls account for roughly 25% of injury deaths among those over 65, and for about 34% of deaths among those 85 or older.[viii]
- Intracranial bleeding – Intracranial bleeding is bleeding within the skull, most often due to a head injury. This type of injury is a life-threatening condition and requires immediate treatment.
- Death – Every 19 minutes, an older adult dies as the result of a fall.
Fall injuries in the elderly have serious consequences, which place severe burdens on families and heavy demands on healthcare systems. Research has proven that as a person ages, the risk for a fall and a fall-related injury increases. In addition to physical injuries, a fall can also have an effect on the level of functioning. Fall victims require increased assistance with caring for basic and personal needs. Those who have suffered a fall often fear falling again and, as a result, severely curtail their activities. This inactivity contributes to the increased risk of a second and subsequent falls due to muscle atrophy and joint stiffness. Inactive people do not heal from injuries as fast as those who are more active.
While falls are the leading cause of injury to seniors, recovering from fall-related injuries and subsequent avoidance of activity also places a severe strain on the victim and their family. Fall victims should be encouraged to take advantage of all available medical and therapeutic services in order to recover as quickly as possible. Returning to as active a lifestyle as is possible will contribute to physical and mental well-being. Avoiding activity out of fear only heightens the chances of suffering another fall in the future.
[vi] European Review of Aging and Physical Activity, April 2014, Volume 11, Issue 1, pp 51–59. http://link.springer.com/article/10.1007/s11556-013-0134-8
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March 8, 2017
We have another new addition to SeniorLivingGuide.com to announce today – The Bristal at Lake Success in Lake Success, NY 11020.
The Bristal at Lake Success combines the finest in assisted living with the science of innovative memory care, creating a whole new kind of senior living community. In addition to offering the full array of assisted living services, The Bristal at Lake Success is be a highly customized and individually paced memory care program dedicated to helping residents manage Alzheimer’s disease and other memory-related cognitive disorders.
We have formed an unprecedented alliance with the renowned Feinstein Institute of Northwell Health. United by mutual respect and a common goal, The Bristal at Lake Success is pleased to play a role in the life-changing work the Feinstein Institute is doing in memory care. Not only will residents be significantly impacted by the research, findings and latest advancements the Institute will help us share and apply; but by participating voluntarily here at the Institute’s onsite suite, they can also help to expand and refine this vital body of knowledge for the benefit of all.
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Bright Oaks is a whole new concept in senior living that emphasizes living and takes it to a whole new level. By celebrating what’s unique in each one of us, Bright Oaks communities encourage engagement on a very personal level. Our goal is to help you ignite your curious nature—and make life fun again.
Above all, at Bright Oaks of Aurora, we are a family. We work together and play together. We cherish friends, family and friendships yet to be made. We invite you to be part of our family.
View their ad on SeniorLivingGuide.com HERE.
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March 2, 2017
Save $$$ and Live Large at
MINTBROOK SENIOR APARTMENTS
4475 Bacon St.
Bealeton, VA 22712
Move into a 2-BR apartment by March 31 and get ONE MONTH FREE!
CALL BECKY AT 540-402-6005 for a tour of our affordable new homes
Elevator, Community Rooms, Washer-Dryer Connections, Gardens, Fitness Center, Resident Computers, Food Pantry, Healthy Living Program
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February 2, 2017
Regency at Pineville, a GORGEOUS community in Charlotte, NC has recently bumped their listing up in our search results by upgrading to a Premium listing!
Premium listings appear near the top of our search results better promoting Regency at Pineville to seniors and their loved ones searching for senior housing in the Charlotte area.
We’ve also updated a video for them to better showcase their community and build interest.
You can view this wonderful community by clicking here!
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January 25, 2017
Resort Lifestyle Communities has recently partnered with SeniorLivingGuide.com to promote their beautiful communities in AL, AZ, FL, KS, ME, MO, NC, NE, NM, NY,OH, SC, TN & TX!
Their listings on SeniorLivingGuide.com show community photos and floor plans, list amenities and features, and have direct contact info for all of their properties.
We look forward to connecting seniors and their loved ones with these amazing retirement communities!
You can view a description of Resort Lifestyle Communities, as well as links to their website and social media pages, and a list of all of their new listings on SeniorLivingGuide.com by clicking here.
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January 24, 2017
By Adinah East
VP Quality Improvement
Caring People Inc.
Many people confuse the terms dementia and Alzheimer’s. While they are often used interchangeably, there are distinct differences between the two conditions. In this article, we are going to explore the question, “what’s the difference between Alzheimer’s and dementia?”
In a nutshell, dementia is not a disease, but rather a collection of symptoms that crop up when the brain cells cease to work as they should. Conversely, Alzheimer’s is classified as a disease.
Three Facts That Explain, “What’s the Difference Between Alzheimer’s and Dementia?”
Firstly, there are about 200 types of dementia, so being diagnosed with dementia doesn’t automatically mean you have Alzheimer’s. For instance, you may have one type of dementia, such as dementia with Lewy bodies or vascular dementia.
Secondly, is Alzheimer’s a form of dementia? Well, dementia is an umbrella term that describes a range of symptoms that people may experience, particularly when referring to brain disorders. Alzheimer’s is the most well-known of the brain disorders and the most common cause of dementia.
Thirdly, the major difference between dementia and Alzheimer’s is that when someone is diagnosed with dementia, they are usually diagnosed based on symptoms. In Alzheimer’s, the cause of the symptoms is understood, but the disease is not reversible. However, some dementia symptoms, like drug interaction or nutritional problems can be reversed.
Alzheimer’s vs. Dementia Symptoms
While Alzheimer’s vs. Dementia symptoms can overlap, there are a few differences. Both conditions may cause:
- Impairment in communication
- Memory impairment
- A decline in thinking skills
The symptoms of dementia tend to vary depending on the cause. Common symptoms include:
- Cognitive Changes, including difficulty with:
- Problem-solving and reasoning
- Organizing and planning
- Memory loss
- Motor functions and coordination
- Disorientation and confusion
- Psychological Changes, including:
- Personality changes
Several kinds of progressive dementias are not reversible, and the cause is unknown. These include:
- Frontotemporal dementia – a group of diseases that are characterized by the degeneration of nerve cells in the temporal and frontal lobes of the brain, which are areas associated with language, behavior, and personality.
- Lewy body dementia – Lewy bodies are clumps of protein that are found in the brain of people who have Parkinson’s disease, Alzheimer’s, and Lewy body dementia. This is one of the most common kinds of progressive dementia.
- Vascular dementia – this is the next most common kind of dementia which seems to occur when the vessels that supply blood to the brain are damaged. Problems with blood vessels can be caused by different blood vessel conditions or stroke.
Alzheimer’s Disease Symptoms
Alzheimer’s disease is the most common cause of dementia in people over the age of 65. While the reasons of the disease remain unknown, tangles and plaques are commonly found in the brains of Alzheimer’s sufferers. Tangles are fibrous tangles that are made up of tau protein. Plaques are clumps of protein referred to as beta-amyloid. Some genetic factors can make it more likely for people to develop Alzheimer’s disease. Common symptoms of Alzheimer’s disease include:
- Getting confused in unfamiliar environments
- Change in mood and personality
- Memory loss, especially with memory for recent events, like asking questions repetitively or forgetting names and messages
- Difficulty finding the right words
- Difficulty with activities and tasks that require planning and organization
- Difficulty with numbers and handling money in stores
Dealing with a Loved One Who Has Dementia
Caring for an elderly relative who has dementia can be challenging. Use these 10 tips for communicating with your loved one:
- Set a positive mood for communication by being respectful and pleasant.
- Get the person’s attention by limiting noise and distraction.
- Clearly state your message.
- Ask simple questions that they will be able to answer.
- Listen with your ears, heart, and eyes and watch for nonverbal cues.
- Break activities down into smaller steps.
- When your loved one becomes agitated or upset, try changing the environment or the subject.
- Respond with reassurance and affection.
- Remembering the past can be affirming and soothing.
- Keep your sense of humor and get your relative to laugh along with you.
In summary, when considering the question, “what’s the difference between Alzheimer’s and dementia,” Alzheimer’s is a form of dementia, with both conditions consisting of overlapping symptoms.
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January 10, 2017
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