January 22, 2018
By: Darleen Mahoney
Being financially prepared before and during retirement is integral in assuring a comfortable and less stressful “golden years”.
Knowing what your retirement bills will look like verses your work life bills and expenses are helpful in budgeting. You may save money on commuting expenses and buying expensive clothes, work lunches and multiple co-worker “life events” financial contributions, but what is the offset in your income?
The first thing you would want to do is assess your finances. Any good budget begins with understanding of your current income and expenses.
Your biggest expense in retirement will most likely be your housing. If you can pay off your mortgage before retirement this will eliminate your biggest monthly expense. If you are unable to do this, you might find it beneficial to downsize and decrease your monthly mortgage, cashing in on any equity to help build up your nest egg. You may also want to consider retirement living and active adult retirement communities as options as they can offer turnkey solutions for long term home stability.
The other biggest expense during retirement will be health care expenses. It is imperative to do a deep dive into what is available to you, especially if you retire before being eligible for Medicare. You may also want to consider budgeting and saving for long term care expenses, as you or your spouse may need them.
Tracking your expenses with online budgeting tools can also be a real eye opener on where your money may be going. Budgeting tools like Mint and You Need a Budget will sync with your bank account and will be able to track where your money goes. https://money.usnews.com/money/blogs/on-retirement/articles/2016-08-10/7-tips-for-budgeting-in-retirement
Additional recommendations you might want to consider:
• Have fun-watching TV is not a healthy way to live and these should truly be the years that you have worked so hard for!
• Emergencies! – Big ticket items like New AC, Car repairs, new refrigerator, etc.
• Avoid Debt!
Most retirees have a fixed budget where they may live on a month to month income, creating a budget and being prepared will allow you the opportunity to enjoy your retirement with less financial stress.
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November 1, 2017
Written by Adinah East
The Sandwich Generation Statistics 2017 That You Need To Know Now
Being a part of the sandwich generation is a common phenomenon for many adults in their 40s and 50s. Many of these Gen X adults find that they are caring for their parents that are aging as well as the children that they had later in life all under one household. While caring for both a parent and a child can tax your abilities and spread you thin at times, it can prove to be a positive situation for all involved at times.
Having your parents under the same roof as your children can work to develop a family a family bond that is stronger than ever. A survey by the Pew Research Center suggests that 31 percent of adults in this dual caring role are very happy with their lives and another 52 percent say they are pretty happy. These positive sandwich generation statistics 2017 are similar to adults that are not a part of the sandwich generation, making both harmonious living arrangements.
Breaking Down The Sandwich Generation Facts
When we look at the sandwich generation facts, as many as 48 percent of adults under the age of 50 have financially supported at least one grown child in the past 12 months. Of this group, 27 percent are the primary financial supporter of their children. When we look at the sandwich generation facts and how they relate to parents, as many as one in five adults have offered a form of financial support to their elders, in the past year. These sandwich generation statistics 2017 indicate that most adults will be a part of a sandwich generation scenario at some point in their life, if not now, then in the future.
Breaking down the sandwich generation facts even further, we see that Hispanics take on the role of caregiver for elderly parents and children most often. Over 30 percent of Hispanic adults have a parent who is currently over 65 and care for at least a child in their family. In comparison, 24 percent of whites and 21 percent of blacks have the same caregiver relationship.
Most sandwich generation adults are middle aged with 71 percent of the group aged 40 to 59. A total of 19 percent is younger, and 10 percent are age 60 or older. Both men and women are tasked with the role of caregiver for their parents and children with equal percentages found for each gender in the study.
When we look at the sandwich generation statistics 2017 regarding income, more families that are affluent with an income of $100,000 or more take on the role of caregiver for their children and parents than not. This doesn’t mean that these families are less burdened financially as they have the same stressors as any adult that enters into a caregiving role for a parent while taking care of their family. These sandwich generation statistics 2017 break down with 43 percent of sandwich generation adults making $100,000 and 25 percent making between $30,000 and $100,000. Only 17 percent of adults caring for a parent and child make less than $30,000.
When you look at the sandwich generation facts, any adult can really find themselves as a part of this generation by caring for an aging parent and young children. The sandwich generation has no boundaries and is not dependent on income, race or gender. If you are considering being a caregiver for your parent as well as your family, the Caring People Inc blog will explain in depth what the sandwich generation is and how your life will be affected in this role.
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September 11, 2013
Courtesy of Hannah Whittenly [firstname.lastname@example.org]
The risk of getting osteoporosis related conditions after the age of 60 are more than 50% for women and more than 25% for men. There is no cure for osteoporosis, order but there are some treatments available. However, hospital it is better to work at preventing this condition. Following are 5 steps that will help you maintain healthy bones after 60 –
Calcium is necessary for blood to clot properly and efficient functioning of nerves, muscles and the heart. However, Calcium’s most important function is maintaining healthy bones in the body. The daily calcium intake as per NOF (National Osteoporosis Foundation) is 1000 to 1300 mg per day. Also, you have to take Vitamin D in supplement form or naturally because it is needed for the body to absorb Calcium.
Smoking is a major risk factor that promotes osteoporosis in the body. This is because your bone density gets affected by smoking. Also, there are multiple other bad effects of smoking on the body like promoting lung cancer, bad dental health, etc. Hence, it is recommended that you stop smoking.
Avoid Alcohol Intake
Alcohol is another risk factor that is often associated with bad bone health. Anything in excess is always harmful and consuming more than 50 units of alcohol per week for men and 35 units for women are considered to be high level. Its use should be limited.
Get a Bone Density Exam
If smoking and alcohol has been used the best way to determine your status would be the bone density test. This test would reveal if you have osteoporosis and what the risks are of you get it in the future. Basically, it is a barometer of bone health and you can get it to measure mineral levels.
Consult the Doctor
Your doctor would have information about how to prevent osteoporosis and maintain bone and dental health. Indianapolis dentures and dental services could give you tips, while discussing diagnosis and treatment options that gives you the best options for your situation.
Exercise Program Consisting of Weight Bearing Exercises
The best prevention against Osteoporosis is to have strong bones and that can be achieved by performing weight bearing exercises on a regular basis. These exercises include dancing, walking, racquetball, hiking, tennis and jogging. If you have not exercised before this, consult your doctor before you perform any of the above exercises since your body is not used to the exertion.
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Courtesy of Karen Miranda [email@example.com]
Units for senior living in San Diego can be easy to find. People can look for these on the net and screen by price, location or features. People will find both basic units as well as properties in the luxury category. Many properties will be ones that are in between the two extremes.
The introvert and the extrovert
Some seniors like to live fairly quite lives. They may enjoy hobbies and solo activities, family and friends or outings that they choose to share with a partner or friend. These seniors often want a place that is nice but do not need a lot of different amenities.
There are also lively extroverts that thrive on human contact. This group may be interested in a property that has an active social calendar. Many places are offering a calendar of events on the website that gets updated often. This can guide people as to when parties, events and clubs meet at the complex.
There can be specific features in a floor plan that makes one unit a better option than another. People can find units here that have modern floor plans like open concept styles. These often have the edge over galley units in terms of storage space and counter space. Some of these may have kitchen pantries.
Another thing to look for is a bedroom that has a large closet. Many units in this area have walk-in style closets that can hold other items besides just clothing. Units that have more than one bedroom will often have an en suite master bath. This usually has more upscale features than other baths in the unit such as dual sinks in the vanity, and a separate shower stall and tub. The newest units also place the toilet in a small room by itself.
One feature that many seniors like to find is a balcony or patio. Many like to have one that is large enough for four chairs and a table as this can be a great place to dine or play cards with friends. Seniors also use this space to house a BBQ or possibly a small garden with tomato plants and herbs.
Many seniors have pets and there is no reason why pets can’t live in apartments much of the time. Some complexes will limit the size or breed of dogs and there are often other things like pet security deposits to consider.
One great option is Peppertree Apartments located in Spring Valley CA. Visit them online or on SeniorLivingGuide.com here – http://www.seniorlivingguide.com/DB/facilities.tpl?sku=20130911082350
Peppertree Senior Apartments offer a comfortable and affordable housing option for seniors. Choose from one and two bedroom floor plans featuring spacious interiors and the modern conveniences that make your home a true haven. Every detail in your new apartment will feel like it’s been customized just for you.
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September 9, 2013
Courtesy of Jayla Barnsen [firstname.lastname@example.org]
Retirement should be a time in life that invites relaxation and the end of life’s little worries and concerns. However, for some people, this is simply not true. If you’re ready to retire, you’ll want to simplify the rest of your life to minimize concerns using these five methods.
5: Cut Housing Costs
If you’re approaching retirement, you’ll want to start asking yourself some basic questions to help minimize your costs when you no longer have working income. For example, can you handle living in a place that is smaller and costs less than your current home? This would not only help you save on the general mortgage cost, but it would also cost less to use your utilities as well, such as heating and cooling. If you have any items that would not fit in the new place, you might consider a storage center to house them temporarily.
4: Cutting Other Costs
Similarly to reducing your utility and home bills, there are other ways in which you can cut the costs of every day living. For example, if you don’t always watch the special channels on the television, you may wish to consider getting the basic cable channels only. Alternatively, if you do not regularly stream videos on your computer, you might want to downgrade your Internet package for reduced speed at a higher savings in your wallet.
3: Consider Paying Bills Annually
If you pay your bills on an annual basis, especially if you bundle services like cable with Internet and phone, you don’t need to worry about coming up with new money every single month and can instead focus on enjoying your retirement a little more.
2: Automate With Online Banking
Online banking can help you automate your Social Security income and also allow you to go paperless. In addition, you can use this technology to pay your bills without incurring a fee that brick and mortar banks might demand, which further reduces your overall costs each month. Some services will also enable you to automatically transfer a portion of your income to a savings account to help that money grow for whatever plans you may have in mind.
1: Consider Online Budgeting Tools
Some online services can help you create a budget that dictates how much you will want to limit your spending on housing, transportation, dining out, travel and other random expenditures.
These are just a few of the different ways in which you can simplify the rest of your life following retirement.
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Courtesy of Casey Haslem [email@example.com]
Although you are not going to be the first one to admit it, you are starting to recognize how old you have become. Some people are tempted to let their health fall to the wayside when you reach a certain age, but this is not something that you want to do. These five tips will help to keep your teeth healthy.
A Special Dentist
When you are working with the professionals at Charlotte Family Dentistry, you should ask if anyone is available who specializes in working with individuals who are of your age. Not only does this allow you to get assistance that is more geared to you, but you will also probably feel more comfortable with the situation.
Keep Brushing and Flossing
You might want to stop brushing and flossing your teeth as regularly as you once did. You might have the attitude that these rules are for younger people and they do not apply to you. These thoughts simply are not true. No matter how old or young you are, you need to ensure that you are always properly maintaining your teeth. They will thank you for it!
Watch Your Foods
Another misconception you may have is that you should just eat whatever you want since you are older now. Just because you are older does not mean that you should give up on all components of basic health. You still have a lot of life to live, and eating bad foods can be negative for both your teeth and your overall health. Sure, a treat here and there is fine, but you want to work on eating foods that are better for you during most of the day.
Keep Going to The Dentist
As you age, getting to the dentist might become a burden in a multitude of ways. For example, you might be unable to drive anymore, so you need to ask someone else to take you around. Remember, you have family and friends who love you and who would be happy to help.
Don’t Hide Pain
You may also be tempted to conceal your pain. Maybe you do not want to deal with any other health issues, or you do not want others to see you as well. Whatever the situation is, remember that the dentist is there to help you and that your oral health is related to your overall health.
Keeping your teeth healthy at an old age can be a challenge, but it certainly can be done with some advice and support.
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September 3, 2013
Courtesy of Casey Haslem [firstname.lastname@example.org]
As your parents become older, help the role of caregiver begins to switch and you, stuff their child, search are in the position to ensure your mom and dad are well taken care of. This responsibility includes helping your parents remain independent in their home for as long as possible. Most parents don’t want to give up their home because of their age and would rather life out their lives under their roof. However, this usually requires some improvements and adjustments to their home. Four simple and inexpensive things you can do to help your parents feel safe in their home are:
Dead Bolt Locks
Install strong dead bolt locks on the front and back doors. A strong dead bolt reduces the chance of criminals kicking the door in. However, make sure your parents are able to easily work the dead bolts since some locks can be a bit tricky and difficult to set.
Regularly test smoke alarms to ensure they are in working order. Smoke alarms are often forgotten about and can go unnoticed for years until you need them to work. An easy way to remember to test them is scheduling a yearly battery replacement and testing on an important date such as your birthday. Also, keep the water heater thermostat to no higher than 120 degrees Fahrenheit to help prevent accidental scalding. This simple step not only protects against scalding it will also reduce the amount of energy used which lowers energy costs and makes the home more energy efficient.
Write emergency numbers in easy to read letters and place them near every telephone in the home. Include your cell phone number and any other important telephone numbers that your parents should know. Write neatly in large numbers and keep the paper with these numbers written on it free of doodles. Doodling on the paper can make it difficult for people to find the number they need in an emergency situation.
Purchase a Charleston home security system. These systems help protect your Baby Boomer from burglars as well as alerting the local fire department or ambulance in cases of emergency. A security system helps keep them safe in their home 24 hours a day 7 days a week.
Vivint in Harrisburg PA can help ensure your Baby Boomer is safe at home even when you are not around. Their security system allows your parents to retain their independence and gives you peace of mind that your mom and dad are safe in their home.
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August 26, 2013
Courtesy of Brooke Chaplan [email@example.com]
One of the newest aspects of modern life is making sure that our parents are properly taken care of, especially as healthcare industries provide a myriad of choices for our loved ones. But with a bit of reading and thought, it doesn’t have to be a stressful or confusing process; one way toward health success for your elderly parents, for example, is knowing the ins and outs of senior health as a proactive solution to potential health problems.
Having a Good Contact List
Having a ready list of the main physicians or healthcare providers of your parent or parents will make it easier answering concerns and questions. Make a detailed document of all their healthcare providers, past medicines, and current ones. A good primary physician will often be familiar with your parent’s medical history, and will be able to anticipate any problems that might arise in line with past concerns. Companies like familycord can offer cord tissue storage for treatment in immune system and blood disorders, and it can be a good point of inquiry in having some plans for your parent’s health.
Changes in Behavior
Another way to is to see if recent changes have occurred in either your parent’s behavior or mannerisms. Do they seem more tired recently, or are eating less than they used to? Slight changes in regular behavior can often be a sign that a parent is having a change in their state of health, and might be indicative of a need for care. Contacting a physician can often help answer questions that arise due to behavioral changes. Talk with them if you can to see what kind of treatment they are willing to take on and their wishes for future arrangements of their property should they pass on.
Understanding the Hidden Component: Psychology
Like any stage of life, old age can bring with it a myriad of changes — and these can often be just as confusing to a parent as they can to you. Making sure that your parent’s doctor is aware of their moods in day to day life is one key way to keep your loved one in good stead. If your parent suddenly seems to have a drop in energy, positive attitude or sleep patterns, this may be a sign that they are experiencing a bout of depression. Keep other family updated with their health and try to understand the change is a part of life. As well as decreasing physical health, you may need to find treatment for mental health.
If you feel any of these solutions might help your parent, be aware that you’re not alone in having questions about the process of elder care. And don’t worry — know that there are many professionals out there who are trained to help!
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Courtesy of Brooke Chaplan [firstname.lastname@example.org]
When you’re a kid, having a wonderful birthday party is easy. All you need is some cake, some presents and a handful of friends and family. Maybe you throw in some balloons and some board games for good measure. But, like most everything, birthdays change when you become an adult. It seems like each year trying to plan something to do for your birthday gets less satisfying, and more stressful. Many people simply give up and stop trying to celebrate their birthdays at all, but having a good time on your birthday doesn’t have to be an overly extravagant affair.
Making the Choice
In order to have fun on your birthday again, you’re going to want to try something new. The first step is to ask yourself if you’re willing to put in the time and energy required to make a shift like this. If you’re not, there’s no shame in it. You can simply stop reading this article and get on with the rest of your life, sans birthday parties.
If you’re still here, excellent. That means you’ve committed to creating some new birthday possibilities for yourself. You’re investing in your own future and in some fun times for yourself and your loved ones.
Getting Your Birthday Groove Back
When you know you’re willing to do a little work in order to have a blast on your birthday, you can start exploring ways to do so. There’s a few strategies that tend to work well for most people. First, there is the always popularity of a themed party. A few possibilities to get your imagination working could be rock stars, masquerade, or even an 80’s dance party. Don’t limit yourself when it comes to themes, choose something that is fun and special for you.
Another great option for your big day is a destination birthday party. Is there a snazzy new restaurant you’ve been dying to try? Why not see if they have an event room that you could rent for a private party? You might want to do something more extravagant, like throwing yourself a birthday party in Paris or Venice. When celebrating a landmark in your life, why not find a literal landmark to celebrate at?
Finally, consider using your birthday as an excuse to get that long overdue massage or spa day. Even just relaxing in a hot tub bullfrogspas.com with a small group of friends can be just what you need. You can be sure that having a relaxing big day will help you in your daily life as well. For proof, see this link: http://www.bullfrogspas.com/hot-tub-blog/political-figures-that-need-to-unwind-in-a-hot-tub/
Remember, in terms of birthday fun, you get what you give.
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August 21, 2013
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Courtesy of Hannah Whittenly [email@example.com]
With subsidies and tax penalties tied to the Affordable Care Act due to begin in 2014, sales many people are thinking about their health insurance coverage. Some of the biggest shifts in health care are currently in effect, with escalation due next year. Four of the biggest changes are outlined below.
It is projected that health care will cost the United States around three trillion dollars in 2013. While that rate is about four percent more than in 2012, it represents the slowest rate of cost growth in many years. Actuaries have stated that the lower rate is tied more to lagging income than the Affordable Care Act. This lag has Americans being more choosy about when to see a doctor or obtain other health services, especially with some concerns over HIPAA and texting.
Increased Medicare Taxes
In addition to the 7.65 percent tax all workers pay into Medicare, with 1.45 percent going for hospitalization, those earning $200,000 ($250,000 jointly) or more in 2013 will kick in another 0.9 percent. The same income group will also be taxed 3.8 percent on money made from investments. Together, these new taxes are expected to bring in over $200 billion in the next 10 years.
Raise for Medicaid Doctors
With an expected increase of seven million enrollees in Medicaid, the government wants to ensure there will be an adequate supply of primary care doctors. This is the purpose of a provision written into Obamacare that will give doctors participating in Medicaid an average 73 percent raise. Another bright spot for providers is the secure text messaging apps that are now available that will speed up care while keeping information private.
Clear Plan Outlines
In the past, one of the most confusing aspects of health insurance was deciphering the lengthy forms and explanations of coverage. Insurance companies are now required to provide a benefits summary, explained in clear terms, that does not exceed four pages. It is similar in concept to the nutritional labels available for food. This requirement began in the fall of 2012 for plans with open enrollment at that time, with the rest catching up in 2013.
The Affordable Care Act was created to make health care available and economically feasible for as many people as possible. It is a progressive step forward that will bring benefit to all Americans.
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