Category Archives: Lifestyles

What is Better, Financing or Paying Cash for your New Home?

Taking on a mortgage would be the natural consideration when the question of purchasing a home comes up. However, a lucky few don’t have to do this. Most retirees, who are downsizing, may find themselves with the options of financing or paying cash. Which one would you choose?

The accumulated interest, on the mortgage, would have significantly increased the total cost of your home. Because of this, owning a home free and clear may be extremely appealing. You will have more money to enjoy retirement without having to pay a mortgage. In addition, paying cash for your home also enables you to negotiate a better price. But, then again, interest in your mortgage may be tax-deductible.

How to Prepare Financially for Retirement

There comes a time in your life when you will either leave work or opt for a quieter and laid-back life. However, unlike in the past, we are no longer assured of living solely on our pensions or retirement savings. Instead, it is up to us to set up the right plan to ensure we live comfortably during retirement. Here are a few steps on ensuring a bright future.

Planning for Retirement

A comfortable future with a nest egg requires planning. Take into account the total value of your assets and debts and ensure it is a positive number. If it is not, consider what can be done to make it positive. Consider the amount you need to reach your goal. This should be something that enables you to live comfortably. Making a budget will allow you to see your expenses and enable you to deal with them first.

5 Myths about Aging and Health

5 Myths About Aging and Health

The aging process is inevitable. Many people dread this, and this is due to many myths and stereotypes that have been around for generations. These myths also negatively affect how we look at the older generation. Here are five common myths about aging and health you really ought to forget about.

Tips For a Healthy Spring Makeover

Tips For a Healthy Spring Makeover

With winter behind us, and longer days ahead, the coming months are an exciting time to revisit those January resolutions and kickstart our health goals. As markets become more bountiful, and sidewalks thaw out to make way for running shoes, the energy behind this seasonal shift has an irresistible way of getting us off the couch, and out into the open. From cleaning up our diets to developing a solid routine, our homes aren’t the only ones that can benefit from a spring cleaning.

Find Joy in What Moves You
If you have a love-hate relationship with exercise, you’re not alone. Nothing puts the brakes on a fitness routine like a workout that feels more like a chore, so if slaving away on the treadmill isn’t feeling inspiring, consider changing it up! Now that the weather is warming up, find a form of movement that motivates you like riding a bike, running, hiking or even taking the dog on a brisk morning walk. The Centers for Disease Control recommends at least 150 minutes of moderate aerobic activity per week which doesn’t have to be regimented exercise, and can easily include anything from yard work to reaching the top of a breathtaking summit.

Forget Downsizing – Boomers Want More Square Footage

What constitutes a happy, and fulfilling life? Quality of living is having healthy social relationships, including exercise each day, and loving your surroundings. This concept is why active lifestyle communities do what they do. Recognizing what’s important to today’s discerning baby boomers, active adult communities are designed to meet their needs, offering an all-encompassing experience for this next chapter.

Back in the day “retiring” meant cookie-cutter smaller-scale housing, playing bingo, and getting old. This couldn’t be further from the truth in today’s age where folks are continuing to work well beyond 65, and want to get a head start finding their ideal home. According to an article written by Forbes, the demand for homes within 55+ communities has become increasingly popular, as are the amenities these homebuyers are seeking. It’s gone way beyond the idea that the kids have moved out, let’s downsize. Buyers are taking the opportunity to go bigger, and better looking for luxury features, in prime locations to perhaps pursue around two careers or just savor their hard-earned retirement.

Benefits of Mountain Living for Seniors

It has been quite clear for some time that there are numerous benefits of living near high altitudes. Many seniors opt for mountain living upon retirement. If you are one of these, read on especially, if you need a few more advantages as to why you should consider retirement in the mountains.

  • The View – Nothing beats the breath-taking views of mountain living. Gorgeous, majestic mountains in the background can make waking up every morning an enjoyable experience. Just imagine, looking out of your window at a stupendous backdrop of mountains while making your morning coffee.

Home Buying Myths

Are You Ready for a Home Loan?

Very few purchases made in your lifetime will rival that of purchasing a new home. There are a few factors you should consider before making this very crucial purchase.

The first factor to consider is affordability. Owning a home has its own set of expenses. For example, homeowners are required to have insurance. In addition, you need to pay taxes, annually, on your property depending on its location. If you are not careful, you could be paying both city and county taxes every year!

The taxes for homeowners are calculated on the appraised value of your home and these usually appreciate with time. If so, you are looking at a high payable figure for your property.

55+ Seniors, are you Prepared for a Stroke?

55+ Seniors, are you Prepared for a Stroke?

These days, you don’t have to be of a certain age to get a stroke. Even 30-year-olds are falling prey to this “silent killer”. If you are over 55, and lead a sedentary lifestyle, or suffer from high blood pressure or diabetes, then you are at high risk of getting a stroke. The best thing to do, now that you are aware of it, be prepared and practice stroke prevention.

What is a Stroke?

You may know what a stroke is, but some may not be aware of exactly what a stroke is and how it occurs. A stroke occurs due to an interruption or failure of blood circulation to the brain. Decreased blood flow prevents oxygen from entering the brain cells resulting in a stroke. A stroke can occur in two ways. One is caused by a blockage of blood flow and the other is caused by excessive bleeding. Approximately 80% of strokes occur due to a blockage of a blood vessel. This is referred to as an ischemic stroke. An ischemic stroke can occur in three ways. It can be due to the formation of a blood clot in the blood vessel of the brain or neck (thrombosis), the movement of a blood clot from another part of the body to the neck or brain (embolism), severe narrowing of an artery leading to the brain causing a lack of blood flow (stenosis). The second type of stroke is a hemorrhagic stroke which occurs due to bleeding in the brain or the spaces surrounding the brain.