Category Archives: Retirement Guides

Retirement

Best States for Retiring

Born in one place, educated somewhere else, worked in many different places, including foreign postings and now it is time to settle down for your retirement. This is not an uncommon situation today. The past few decades have changed the world so much that we have so many options when we have to take a decision regarding our lives.

Let’s Drink to Good Health

What do Merlot, Cabernet, and Syrah have in common? Well if you’re thinking a leisurely afternoon at a winery than you’re right! But did you know that enjoying that glass of red wine is good for your heart and may prevent falls?

The skins and seeds of the grapes used to produce red wine contain a powerful antioxidant called resveratrol which has been shown to have effective anti-aging properties. Antioxidants as we know work to protect tissues and cells in our bodies against inflammation, cancer, and free radicals. A glass or two daily can inhibit cell damage caused by Alzheimer’s, diabetes, and cardiovascular disease. Research has also shown senior citizens to have an improvement in motor function thus reducing the frequency of falls. Does white wine have the same benefit? The difference is in the production. White wines, as opposed to reds, are produced without the grape skins which is where the antioxidant is found.

Can’t I just drink grape juice? You could. Concord grape juice is a good non-alcoholic alternative, but the levels of resveratrol are not quite as high because the entire grape isn’t always used in the process. If alcohol is off-limits for you, resveratrol is available in supplement form and is equally effective in its antioxidant benefit.

Red wine is still an alcoholic beverage so remember to enjoy in moderation. Certain prescription drugs should not be mixed with alcohol, so check with your doctor or pharmacist to know if there are any precautions to be taken.

It’s always nice to know when something like wine can be good for your health. Paired with the right foods especially good quality dark chocolate and you have a winning combination! But then again chocolate and red wine are always a winner, right?

When is it a Good Time to Buy a Home?

As you reach retirement age, you may be considering a move to a smaller or more convenient home. Since the housing market has been on a downward trend these days, you may be worried about this move. After all, this is not just penny-candy we are talking about here. There may be some deep conversations, pros and cons analysis taking place between you and your spouse about buying a home. One of the questions you need to consider is whether this is a good time to buy a home.

Earning Extra Credit On Your Home

Tax season is here, and as a homeowner you’ll be checking off the list of deductions from paid interest to property taxes, but what about that new water heater you installed? Depending on the home improvement project, or modification, you may be eligible for a tax credit to start a vacation fund, or purchase that sofa set you’ve been eyeing.

Cosmetic Or Credit?
While applying a fresh coat of paint, or installing granite counter tops can boost the resale value of your home, they won’t qualify as a write off. According to Turbo Tax, improvements that change the aesthetic of the home like putting in a pool contribute to the structural appeal only, but can’t be counted as a deduction. On the flip side, making modifications to improve a home’s accessibility could pay off. Aging in place is becoming a popular trend with baby boomers, and renovations such as zero threshold showers, or opening up entryways to accommodate a wheelchair can be considered deductible medical expenses. Before you embark on a big change, it’s a good idea to consult with a financial advisor to help get the most out of your investment.

Choosing the Perfect Retirement Home

Choosing the Perfect Retirement Home

Making the Decision of Attached or Detached Retirement Homes

Active adults in the midst of downsizing and considering a move to a retirement home have the choice of attached or detached homes. This can be a bit of a challenging decision as there are various pros and cons to attached and detached homes. If you are in a bind trying to figure out which type of home to move into, here are a few advantages and disadvantages of both types of homes.

Mental Exercises to Keep Your Mind From Aging

Mental Exercises to Keep Your Mind From Aging

The days of having a mind as sharp as a tack are falling behind you. Those days you could remember all your friends’ phone numbers easily. Now you can barely remember your own phone number let alone the entire list of contacts. How often do you have to go through your phone book to look up a number you could have dialed in your sleep? How often do you miss your children’s or friends’ birthdays and find yourself buying belated birthday cards? A little bit of forgetfulness does not mean you are on the fast track to Alzheimer’s. It is nature’s way of reminding you that, sadly, yes, you are aging. But wait. Before you start feeling sorry for yourself, think about what you can do to prevent further memory lapses.

Fun Things to Make Senior Living Fabulous

10 Fun Things to Make Senior Living Fabulous

Senior Living Past 55+ Age Can be Spiced Up With Many Activities

Retiring should not put you in a bad mood and make you feel useless and helpless. Going past 55+ should not be seen as reaching a phase of boredom in your life. Rather, the retirement age should be treated as a new chapter in life with many new opportunities. Now that you have reached this age, you may wonder what life has in store for you. You may wonder about what you can do to make your time pass pleasurably. Don’t worry; there are many things that you can consider doing now that you have the time for it. Let’s take a look at 10 fun things that can spice up 55+ senior living.

Money Saving Tips for Seniors

6 Money Saving Tips for Active Seniors

Active Adult Living Made Better with Money Savvy Measures

The rising cost of living is not easy for most seniors.  You, as an active senior, maybe living on a fixed income and the rising utility bills, gas and food prices may be quite worrying.  This can be true even if you have planned well for retirement.  However, there are ways to stretch that income, if you follow some money-savvy practices. Here are a few methods that you can take into consideration to keep your finances stable and your mind free of worry.