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ichard Dever had swabbed the campground shower stalls and emptied 20 garbage cans, and now he climbed slowly onto a John Deere mower to cut a couple acres of grass.
“I’m going to work until I die, if I can, because I need the money,” said Dever, 74, who drove 1,400 miles to this Maine campground from his home in Indiana to take a temporary job that pays $10 an hour.
Enterprising baby boomers are turning to co-housing to avoid the conventional retirement communities that were often the only option for their parents.
Frustrated by a lack of choice and wishing to remain independent, Keryn Curtis and a group of friends in their 50s are pooling their wealth and skill sets to design a unique retirement living situation.
While many home owners hope to be able to pay off their mortgage as soon as possible, it can be seen as a milestone and impossible to eliminate.
But there are plenty of people who have retired and yet to pay off their mortgage.
While retirement mortgages have been around for some time, Vernon Building Society has launched two multi-use retirement mortgages with no age restrictions or arrangement fees.
The deals are available on both a repayment and interest-only basis.
There have been many systems devised and suggestions made to help caregivers manage the stress they feel while taking care of their loved ones. Many of them are useful and work; it is just a matter of finding one that works for you.
There are so many choices in Assisted Living that people often feel overwhelmed. How can you choose your new home, or the new home of a loved one, with just one visit and, oftentimes, short notice? We have compiled six tips for questions to ask and things to look for at assisted living facilities to help ensure a good decision and, hopefully, a great fit.
It does not take a hurricane to put nursing home residents at risk when disaster strikes.
Around the country, facilities have been caught unprepared for far more mundane emergencies than the hurricanes that struck Florida and Houston, according to an examination of federal inspection records. And these nursing homes rarely face severe reprimands, even when inspectors identify repeated lapses.
For the stubborn retirees who refuse to move out of their homes even as they age and begin to need physical assistance, there is a solution: renovate the home they’ve got.
One of the most important factors in home renovation for baby boomers is mobility, which might mean redoing a floor plan, widening door frames for wheelchairs, installing a ramp into the home and placing grip bars around the bathroom, said Domenick Forte, head of home-equity lending at Citizens Bank.
A new $1.77 million study of “smart” technology has the potential to improve retirement community residents' quality of life by extending their ability to remain independent and age in place, according to researchers. Caregiver burden could be lessened, too.
The five-year grant from the National Institute on Nursing Research to Washington State University will allow researchers to study of how the technology can help monitor health and safety and enable real-time assessment and interventions for retirement community residents and other older adults.
I am fortunate to spend a lot of time talking with people all over the country who are considering a move to a continuing care retirement community (CCRC, also known as a life plan community). When I give presentations to those who are exploring their senior living options, I gain great insights into the thought process that goes into this major decision and the questions that commonly arise. One topic that I’m frequently asked about is what resources are available that provide continuing care retirement communities ratings or rankings.
If you're moving, you might be wondering where to score cheap boxes, packing supplies, and, while we're at it, trucks and movers! And it's smart that you're looking to save, since moving is not only a pain in the neck (and lower back, and feet), but also a major drain on your wallet. The average move costs $1,170 if you're moving in state; if you're moving farther, prepare to cough up $5,630.