August 21, 2019
By Meghan Belnap
Aging in Place: Top 4 Qualities in the Ideal House for Retirement
Retirement is a challenging time that can be made less stressful if retirees already live in a home that’s designed to meet their needs. While homeowners can renovate their property to better suit this new stage in their life, it’s often easier to search for a home that is already appropriate for retirement and its unique challenges. Keep the following in mind when shopping for a home perfect for with retirement.
Choose a Home with Wide Hallways
Aging makes it harder for homeowners to get around the house. Furthermore, along with old age comes the need to use the likes of canes and wheelchairs. Homes with wider hallways will make it easier to use these new tools and will also reduce the likelihood of injury.
Find a House with No Stairs
When on the hunt for properties that are better suited for retirement, homeowners should look for properties without stairs. While stairs may make a property more appealing for younger and larger families, homes with stairs and multiple levels aren’t ideal for retiring individuals as they can easily lead to falls and similar accidents. As such, homeowners searching for the best properties for retirees should consult with local real estate services to help them find one-story homes in their area.
Pick a Property with Handrails
Though handrails aren’t always a common find in most homes, buyers that are of retirement age should keep this feature in mind. Having handrails in potentially dangerous areas around the house will make it simpler for homeowners to navigate the property. For example, as older people tend to fall easily when in the shower, it’s ideal to have homes already designed with handrails as their presence will help to eliminate the likelihood of falls.
Buy a Home with Access to Natural Lighting
In addition to being designed with homeowners’ safety in mind, properties that are ideal for retirement also offer health benefits to its inhabitants. Homes built with ample windows will have increased access to natural lighting. This allows homeowners access to vitamin D, an essential nutrient that will help improve one’s mental and emotional state.
The right house will make easing into one’s retirement less of a challenge and more of a transition. These properties help to limit any unnecessary dangers while providing homeowners with benefits that will improve their overall quality of life. Keep this guide in mind as you search for the right home for retirement.
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August 6, 2019
by Anita Ginsburg
Making the transition from being an employee to living on a fixed income as a retiree is a difficult process for many people, and that is why you need to take a look at your financial future well before your last day of work. With the proper financial plan in place and a little bit of foresight, you will be able to avoid some of the most common mistakes that retirees make.
Come Up with a Detailed Budget
Many experts agree that writing out a comprehensive budget is one of the most important steps in this process. You won’t be able to properly manage your finances after you retire if you don’t track all of your expenses and sources of income. Once you have a budget, it will be much easier to live within your means.
Establish an Emergency Fund
There are quite a few reasons why a retired individual should set up an emergency fund. As you grow older, you might have to deal with a wide array of serious medical issues, and treating those conditions is going to add up. Even if you have excellent insurance, paying the deductible could still be quite costly. You could also experience other common mishaps such as burst pipes in your home or emergency repairs for a vehicle.
Double-Check All of Your Insurance Policies
At least once a year, you should take a look at all of your insurance policies to make sure that you have adequate coverage. Your insurance needs are constantly going to change, and having the right coverage could help you avoid a few major headaches. In addition to health insurance and your homeowner’s policy, you might also want to consider coverage for potential end-of-life expenses and funeral costs.
Explore Financial Assistance Programs
There are hundreds of financial assistance programs for seniors, and signing up for those programs could save you huge sums of money. Many state governments offer financial assistance to seniors for basic expenses such as groceries and utility bills. You might even be eligible for discounted home upgrades like solar panels or a tankless water heater.
Downgrade Whenever Possible
As you grow older, you will probably be able to downgrade quite a bit without altering your lifestyle too much. Instead of leasing a brand new car, you should consider purchasing a reliable used vehicle with excellent safety ratings. Many retirees also sell or rent out their larger homes and move into smaller condos.
Planning out your finances for your retirement years might seem like a stressful task, but that extra work is going to pay off in the end. These few tips will allow you to enjoy your retirement years instead of constantly worrying about money and unexpected expenses.
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July 11, 2019
Courtesy of Anica Oaks
The average retirement age in the U.S. is 62, but many Americans dream of retiring 10 or 20 years earlier than that. While early retirement is a dream, the pressing demands of reality and the cost of living make it too far-fetched for most. You may be on the brink of meeting your savings goal, and selling your house might be the final step you need to finally bid your days working a 9-to-5 goodbye.
If you’re contemplating selling your home for early retirement, here’s what you need to know.
Your Home’s Value Isn’t the Most Important Factor
Depending on how long you’ve lived in your house, you could wind up selling it for double or even triple its original closing cost. If your mortgage is paid off, then you’ll have even more money in your pocket to put toward retirement. However, there are a lot of other factors to consider when selling early, particularly real estate tax and buying a new property.
You will have to pay taxes on the home you sold; profits up to $250,000 are tax-free, and that figure doubles for couples who are married and filing a joint return. This could wind up putting your final amount down to a lot less than you expected, and you’ll have to use that money to put a down payment on your new home.
While having a valuable property is certainly an advantage as you approach retirement, it doesn’t guarantee that you’ll be able to retire earlier than planned.
The Cost of Living Can Change
If you want to sell real estate, you have to look at more than just the housing market. You must also consider the average cost of living, employment rates and the economy that will affect both you as a seller and potential buyers. This means that what you can afford to live off of now may not be enough in the future, especially if you decide to retire to a more expensive location.
The Final Verdict
Early retirement is possible, but it’s becoming less of a tangible reality for people as the cost of living in America continues to rise. While you can sell your house and put away a fair amount of money into your savings, you should carefully consider how much money you’ll need to sustain yourself throughout retirement before you make any major decisions.
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June 3, 2019
Courtesy of Chloe Bennet, a career blogger at Assignment help Australia and Sociology help Australia, websites that provide resume and business writing help. Also, she teaches public speaking and online course creation at Paper Fellows portal.
If you’re a senior looking for an online part-time job, you are not alone. Many seniors are looking for ways to make some extra money or even just to stay busy in retirement. The internet has created many opportunities for freelance work. Here are nine ways for seniors to make money online part-time.
Use your skills
One easy way for seniors to make money is by simply using the skills they employed while in the workforce. Only this time you get to be your own boss and work online on your own terms. Use the lessons you learned while you were an employee to build a successful online business. You can also use those same skills as a freelancer on sites such as Freelancer, Guru, and Snag Jobs.
If you have experience teaching or tutoring experience, then why not make some money tutoring online? Even if you don’t have that kind of experience, if you have an area of expertise then it’s worth giving it a try. Tutoring online is a great way to be social and meet some nice new people while you’re earning money. You can find work doing online tutoring at sites such as Essay Helper and Chemistry Writing.
Sales and marketing manager
There are tons of freelance opportunities for seniors who have experience selling products and managing clients. If you have communications experience and can adapt to the new digital and social media aspects of marketing, then this could be a great job for you. The best way for you to find this kind of work is through your own professional networks. Sell yourself, your experience, and how you can benefit your potential clients and you will find plenty of jobs.
Do you have an academic background? You can use your knowledge and experience to make money online as an academic writer. Make some good money and keep your mind extra sharp by writing paper and essays. You can look for academic writing jobs at places such as College Paper Writing Service and History Help.
Passive income has a bit of a tarnished reputation and many people are skeptical about the idea. But there are many legitimate ways of creating passive income and you can start before you retire. There are companies where you can earn this money without needing to join anything or aggressively market to people. Be smart and find someone with a promising marketing tree and then try and position yourself at the top of it. As long as the company exists, your tree will grow and so will your passive income.
If you were in accounting or tax consulting before retirement, that is something you can continue with on a freelance online basis. Keep your eyes open for people looking for tax help during the busy season. One segment to pay attention to is small business owners looking for someone to help them balance their books. These interactions can lead to further opportunities such as consulting for them on all kinds of financial subjects.
Blogging is a fun and creative way for seniors to make extra cash online. You can blog about anything you want. Some of the best blogs are about niche topics like homebrewing or model trains. But you can successfully blog about anything if you have an interesting personality and a writing style to match. Look for blogging jobs at sites like Academized.
Information technology is a large part of the economy, so there are many seniors with experience in jobs such as web development. But how many of them have considered web developing as freelancer in retirement? Some of the tools and technology have changed, but if you’re willing to learn there is work for you as a developer. Besides, updating your skills and learning is a great way to keep your mind sharp and focused. You can find work on tasks such as technical support for businesses that are too small to maintain a full-time IT person. Oh, and did we mention you can do it from the comfort of your own home?
Publish your own ebook
If you enjoy writing, there’s a good chance you’ve thought about writing a book. Very few people actually follow through on this dream, but retirement gives you the time to do it and earn some money while you’re at it. Maybe you’ve been blogging about something for years and consider yourself a bit of an expert. Why not compile all those posts, polish them a bit, and turn them into an ebook that you can earn some passive income from?
The internet offers many opportunities for seniors to earn money working freelance and part-time. Many seniors can make money online using the same skills and knowledge they used in their career.
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February 5, 2019
Courtesy of Lizzie Weakley
Every year marks a fundamental life change for tens of thousands of people in the United States: the transition from work to retirement. Many people look forward to the moment when they can step away from their job, but some also experience strong feelings of uncertainty about their newfound lack of direction. Whether you are about to retire or already have been for years, there are a few simple ways that help you get the most out of the experience.
Try New Things
It’s easy for adults to fall back on the familiar and stick to old habits, especially immediately following retirement. However, forcing yourself to explore new things can open up opportunities and make the golden years a lot more colorful. Taking art lessons, learning to cook new foods, and meeting new people are just a few ways to bring a breath of fresh air into daily life.
Mobile Living and Travel Lifestyle
Mobile and RV lifestyle isn’t a good fit for everyone, but modern vehicles often sport a number of amenities and conveniences that rival any home. Motor and mobile homes can make travel much more affordable and provides greater control over schedule, pacing, and itinerary. Many state and national parks have dedicated space for people using living vehicles, so there are plenty of interesting sites that accommodate this lifestyle.
Consider Moving to a New House
Many people working towards retirement look forward to spending more time with their family members. Checking out homes for sale near close friends and family can create an opportunity to downsize to a more efficient house and cut down on travel time. Other retirees take advantage of their freedom to find a home in an area that has a better climate, more active community, or other desirable features. Moving shouldn’t be a snap decision, but there can be lot of long-term benefits for those willing to consider a big life change.
Stay Active and Involved
Many older adults find themselves lacking stimulation or excitement in their daily life, which can eventually lead to depression or social withdrawal. There are dozens of different ways for retirees to stay active and involved with people in their community. Retirees with specialized skills can also consider getting a part-time job or consulting on as-needed basis to maintain their professional skills.
People have varying opinions and perspectives about the prospect of retirement, ranging from excitement to dread. However, these years can be among the richest and most rewarding of your entire life if you are willing to take a step into the unknown.
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September 28, 2018
By: Darleen Mahoney
You have a lot of stuff that you have collected over the years! You have a lifetime of beautiful memories and well, just stuff! You have artwork that you saved from your children and grandchildren, collectibles when collectibles were a fad, clothes that are out of style, paperwork that is no longer relevant. You may even have furniture and old holiday decorations in the basement or attic that just need to find new homes.
Decluttering your home of all these things as an active Senior is a labor of love for your family. It will also make it much easier for you to sell your home and make your next move.
Leaving the cleaning out and decluttering of your home to your loved ones can be an overwhelming task for them. It is an emotional journey and physical labor of love that adult children and family members endure on their own. They may not know the family history of what is important in your home and can cause family friction. If you declutter your home now, you can share in the memories and find common ground in your cherished family keepsakes.
Whether you hope to live out your days in your current home, retire to a smaller home, retirement community, or the possibility of a continuing care retirement community. The reality is eventually your home will likely need to be sold. Decluttering of the past to move toward the future is a gift that you not only give your loved ones, but yourself.
Studies have shown that clutter causes anxiety, depression, stress, and general feeling of being overwhelmed. Cleaning and decluttering can be a stress-reliever.
There are also tax benefits to decluttering. If you donate your unwanted items to a charitable organization, you may be eligible for a tax write-off. You can also get very creative in donating or re-selling vintage items to re-sell shops or donating to schools looking for theatre production costumes.
Does all of this sound daunting? It doesn’t have to be! Get organized and make a plan!
- Set aside a weekend or specific timeframe
- Make sure you have supplies: garbage bags, boxes, cleaning products
- Start with one room, then have a plan to go room by room
- Go through everything in that room: Label: Keep, Donate, Trash
- Old Documents, you may want to shred
- Ask your family members to join you
- Keep what is important- not to suggest you throw out priceless mementos, most people find out they do not miss “things” that they get rid of after a clean out. Items that do not serve a purpose or cannot be shared with other family members should find new homes.
While the process of decluttering is giving away, throwing away, and passing along to your loved ones is a process that has an element of an emotional journey with things that tie you of your past. Your memories and family legacies are your true history.
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August 8, 2018
August 3, 2018
By: Darleen Mahoney
You’ve retired! Congratulations! You are looking forward to your future as you have planned for this day for a long time. Are you thinking about retiring where you’ve vacationed with your family for years, staying close to home or taking a leap of faith and moving? If you are thinking about moving away from the comforts of your home state, are you considering a very practical approach and doing a little research?
What are your criteria for deciding which state to retire to? Do you look at how each state ranks?
- Socially-Do the people seem to have meaningful friendships?
- Financially-What is the cost of living, tax rates, etc.
- Community- Do you think you will love the community where you live?
- Physically – Overall good health in the community with exceptional health care
According to a new Bankrate study, South Dakota ranks as numero uno as the best state to retire. Followed by Utah, Idaho, New Hampshire, and Florida. The studies ranking, and percentages were based on:
- Cost of living (20%)
- Crime (10%)
- Culture (10%)
- Health care quality (15%)
- Taxes (20%)
- Weather (15%)
- Wellbeing (10%)
While there are many listicles providing different results, Business Insider sited Florida as the best retirement state while Money Magazine sited New Hampshire. A few criteria used to determine these front runners are affordability, quality of life, and healthcare.
Money also releases a list based on cities to retire in the U.S. basing its rankings on local taxes. The list provides details on demographics over the age of 55, median home price, average tax rate, and top income tax rate.
While we tout a few of the front runners in retirement meccas, its only fair to mention those that fall vastly short. Alaska and New York are mentioned in several listicles as the least desirable. Alaska has severe weather, high crime, and a low percentage of Seniors.
To many, Florida is where many retirees flock and it may be top of mind as there are so many options in retirement communities. The Sunshine State has the highest percentage of 65 years and older out of any other state.
If you’re looking for a retirement lifestyle where life expectancy is significantly longer than most states, Hawaii may be your ticket! The downside to this state is that the cost of living is one of the highest in the nation.
When it comes to deciding on a retirement destination and looking at all the options and listicles, it can be very confusing. These options and rankings are based on different criteria. What’s important to you? We know that with most retirees that the weather, topography, friends, and family are what gets them excited about your new destination. So, looking through these different listicles and how they based their ranking should also be what’s important to you. Once you decide on this next phase of your life and where you want to move, visit us online at www.SeniorLivingGuide.com , we can help find your next home!
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