According to the most recent report by the Centers for Disease Control and Prevention, there are nearly 15,500 nursing homes in the U.S. Cumulatively, these facilities provided nearly 1.7 million licensed beds to our nation’s seniors and others who require medical care outside the home; servicing almost 1.4 million residents in total.
As per the U.S. Department of Health and Human Services…
Medicare is nothing but an expansive healthcare system. It has a lot of small add-ons that serve the ultimate purpose of helping elderly people afford their medical bills as they grow old. Medicare SELECT is one of these add-ons which benefits the elderly. In simpler terms, it is a Medigap policy that confines your treatment options to a local group or a ‘Select’ group of hospitals and…
Retirement might be a great time to get out and see what the world has to offer. Travel comes with many benefits like healthier hearts & minds, and a reduced risk of depression. Additionally, it can do wonders for your Facebook feed. Question is, where can you travel? Choosing the correct destination, especially for senior citizens, becomes pivotal considering your age, budget, physical…
While there is no age limit to travel, senior citizens need to plan their travel right. Factors like weather, disability options, reservations and healthcare options become pivotal in planning a seamless trip. To navigate through the world of modern travel, we’ve listed down tips for seniors that’ll help them enjoy their vacations, safely and memorably.
Whether it’s you, your parents or…
One of the biggest downsides of aging is the loss of independence. However, advances in science and technology have now made things like a residential home elevator a reality. These elevators, easily installed, fit perfectly in contemporary houses. They increase the value of a home while allowing seniors to move around freely. They are also noiseless, convenient and very easy to use. The use of…
Our homes are very important to us. It’s a familiar space with which we associate many memories from our younger years. It reminds us of the good times spent with our family and dear ones and it’s where we spend the majority of our daily lives. It is a source of our comfort and a major part of who we are.
Most seniors prefer to maintain their independence and choose to continue living…
As a homeowner, one of the greatest financial tools at your disposal is your home equity. You can leverage your home equity for a loan that can be used to pay for anything from a major home renovation to your credit card bills. However, home equity loans are not without risk. If you default on loan repayments, you risk foreclosure of your home.
Despite this risk, home equity loans have remained a…
Employers usually withhold a certain amount of tax from your paycheck, based on the instruction in your W4 form, and pay it to the government on your behalf. Now, based on your withholding, you may either receive a tax refund or have to pay a tax bill. Either of these scenarios is not great.
Receiving a big tax refund would mean your money was kept away for a whole year while it could have been…
Wealthy individuals usually have private bankers that offer services regular banks don’t offer to their customers. However, with changes in the financial industry and technology making most things accessible to everyone, a vast majority of us can get access to services that are offered by private bankers.
What Services Do Private Bankers Offer?
The services offered by private bankers…
Whether you are renovating a house that you just moved into or one that you’ve lived in for many years, home renovations are not inexpensive. Given this, you may not want to charge your home renovation expenses to your credit card. What you should do, if you don’t have the capital ready, is take a personal loan or a home equity loan.
What Is A Home Equity Loan?
When you take a home…