Category Archives: Learning and Education

Which Type of Mortgage Loan Would you Choose to Buy Your Home?

If you have decided to buy a home to retire in, it is time to act fast and get your mortgage. But wait! Things have changed significantly since the time you may have walked into a bank and gotten a mortgage for your first home. Did you know there are different types of mortgages? Which one will you choose when buying your home? Having a basic understanding of these mortgages will help you choose the most suitable. Below are three popular mortgages that can be considered when purchasing a 55Plus senior home for retired living.

Senior man working on computer at home

Online Telecommuting for Seniors

Retirement is all about relaxing and enjoying life. However, there might be a time when you are either a bit bored from sitting around home enjoying the good life or when you need a few extra dollars to supplement your income. Either way, you can still choose to work and earn an income, even past 55+ age. There are many activities or jobs you can consider engaging in without sacrificing your new-found freedom. One of the best options might be to find a telecommuting job that allows you to work online, from the comfort of your home.

Are You a Senior Seeking a Job After Retirement?

When Time is at Hand After Retirement, How do You Find another Job?

Retirement may be all exciting in its early stages. However, it can get boring when you have nothing but time on your hands. This may prompt the thought of returning to work, at least on a part-time basis. Are you seeking re-entrance to the workforce, now that you have thoroughly enjoyed some time in retirement? If so, there are a few factors that you should consider before applying for a job.

Mentoring Helps Seniors Find Purpose

A mentor helps you see the beauty in your dreams~ As a kid, my greatest source of wisdom was my grandmother. She was a fountain of knowledge, inspiration, and in some instances a healthy dose of tough love. To this day her legacy, and words live on in my heart, and I continue to use her life lessons each and every day. If I had advice to give to our younger generation, it would be to find a mentor. Every child needs someone to confide in, to gain advice from, and feel inspired by, and seniors can benefit equally by imparting their years of knowledge, and provide a listening ear. How many times do we hear older adults wishing they wish they could teach today’s youth a thing or two? Well why not get involved?

Volunteer work gives seniors the opportunity to use their time serving others, provides a sense of purpose, and improves self esteem. Working with youth is particularly impactive for older adults who may not have grandchildren nearby, and for those blessed with a heart of service. The Corporation for National and Community Service’s Foster Grandparent Program through Senior Corps, gets 55+ adults involved in their community by becoming mentors, and friends to young people struggling academically, who may be going down the wrong path in life, and assisting those with disabilities.

Innovative Technologies for Seniors

According to the Pew Research Center, 71% of web savvy seniors use the internet on a near daily basis. Whether for entertainment, social media, or business, technologies like smartphones, and tablets have become commonplace amongst today’s active adults. Keeping in touch with friends, and loved ones via the internet, or reading digital versions of books, and magazines is easy, and practical. For seniors opting to age in place, the latest, and greatest tech gadgets can be life saving, and a convenient way to perform daily tasks such as managing appointments, and keeping up on medication schedules.

Heard the phrase “there’s an app for that?” Well it’s true. There is a phone app for virtually anything from calorie trackers to watching your favorite shows. Android, or Apple users can download apps to create shopping lists, manage bank accounts, and of course connect with family through programs like Skype. Reading the fine print on a phone screen can be tedious but thanks to apps such as Make It Big fonts can be enlarged to fit the screen for ease of readability.

Why Everyone Should Microchip Their Pet

When I adopted my ten year old little guy from the Oregon Golden Retriever rescue last year, he came with contracts, medical records, and most importantly a microchip. Should he ever go missing, his chip is registered with the rescue organization’s information, and of course to me. Millions of dogs, and cats are found without any form of identification when their tags become lost, or they were never properly tagged in the first place. When you hear success stories of happy reunions with beloved pets more often than not it’s because they were microchipped. According to the American Veterinary Medicine Association, a study showed shelter pets outfitted with a microchip had a 74.1% higher success rate of being reunited with their owners versus those without one.

A microchip is a tiny device about the size of a grain of rice that is implanted with a hypodermic needle under the skin. It is as quick, and straightforward as a standard vaccine, and once in place should be registered with the owner’s contact information. Veterinary offices, and ASPCA’s are equipped with handheld scanners that find the chip so they can access the unique ID number assigned to it. In an article by Petco Corporation, they advise that owners have their vet scan the chip once a year to ensure it is still in place, and still working correctly.

How A Reverse Mortgage Can Equalize the Distribution to Heirs By David Brown

We hear and have seen when the last parent dies, the subsequent concern of equal distribution of the estate proceeds among the siblings and family heirs. Before this happens, take this into consideration. One parent has died and the pension and social security goes away as well. Accordingly, the surviving parent needs financial assistance each month to cover the small mortgage and other costs to maintain their own health and lifestyle. One of the four siblings will have the ability and heart to offer their parent a $2,000 per month allowance to assist with expenses and needs. Let’s say this continues for another 4 years before this parent also dies.

The heirs/children read the will and the $500,000 estate is to be divided equally 25% to each child or $125,000 for simplicity sake. But what about the child who gave the parent $2,000 per month for 48 months and would like to get some or all of this out of pocket cost back? They are out of luck even though they advanced the parent $96,000 over the last 48 months. They are only entitled to their 25% of the estate or $125,000 for a total net inheritance of $29,000 while the others each have a net of $125,000. Regardless of any other circumstances, in this scenario, there will be some resentment and hurt feelings by this good hearted child who just wanted to do the right thing on behalf of their parent.

Make A Will Month

64% of Americans don’t have a will. Rocket Lawyer is trying to fix this big gap and bring awareness to the importance of having your will in place. This August, Make A Will Month allows you to create a will for only $10 on Rocket Lawyer’s site. The process for creating a will take less than 30 minutes. You can save, print, edit, and download your document, and we’ll keep it safe in your secure online account so you can access it whenever you need it.

If you’re looking to complete your entire estate planning, it could cost between $1,000-$2,500 if done by an attorney. The process could also take up to two weeks to be finalized. By becoming a Rocket Lawyer member, for as little as $39.95/month, you can complete your entire estate plan, including a power of attorney, living trust, memorial plan and more. You have the ability to do it for yourself as well as your entire family. Plus, you can consult with local lawyers and have your documents reviewed at no extra charge. With Rocket Lawyer, you can cancel your membership anytime you’d like, and reactive it if you need to make changes to your estate plan down the line.

Get your estate planning completed during Make A Will Month, so you can save time, money and much needed sleep. Having this to do crossed off the list will allow you and your family to rest easy at night.