When you look at all the benefits of living at Resort Lifestyle Communities, it’s hard to imagine living anywhere else. Whether it’s luxurious accommodations, gourmet meals, 24/7 access to medical care, or all-inclusive services and amenities, there are so many reasons you’ll be thankful you decided to make the move. However, figuring out how you’ll finance your new lifestyle can be a concern for many. The good news is there are plenty of ways you can afford to make your ideal retirement lifestyle a reality. Here are just a few.
Short-term Bridge Loans
Times are a-changin', but not for the worse! With the number of people aged 65 and older on the rise, more and more companies are providing specialized services for seniors. Organizations such as Elderlife Financial Services can make it easier to afford, plan, and fund your housing needs. One such way they’re able to do this is through bridge loans. Bridge loans help you cover costs while you wait for your home to sell or for other benefits to kick in.
Pensions
If you’re fortunate enough to have a pension, then this is a great option to fund your new lifestyle. That’s because they provide you with a steady stream of income every month once you reach a specific retirement age. Unfortunately, not all employers offer pensions—though most government organizations and some large companies still do. If you find yourself without a pension, consider other retirement funds, like a 401(k), for example.
401(k) and Other Types of Retirement Savings Funds
Although pensions are becoming a thing of the past, most companies still offer some form of a contribution to a retirement fund, the most common being 401(k) and 403(b) plans. Individuals who are age 50 or over are able to make annual catch-up contributions. If you decide to supplement your retirement fund with a Roth IRA or traditional IRA, you’re entitled to make catch-up contributions under similar guidelines. For more information, click here.
Annuities
According to Chime, an online banking company, 62 percent of Americans feel their savings are in a better place now than compared to 10 years ago. However, the Great Recession made an impact on many Americans’ retirement savings, making it difficult to recuperate these funds. For this reason, you might feel more secure with an annuity, which guarantees you won’t run out of money for the rest of your life.
Most commonly, annuities come in two forms: immediate and deferred, which vary depending on when you want access to your money. Although both can be expensive to buy into, there are many benefits to having an annuity, including that your payments will last as long as you live, even if the amount exceeds how much money you’ve invested into it.
Policy Repurposement
Another lesser-known financing option is the ability to repurpose your life insurance policy from an active policy to a pre-funded account that can help cover the expense of senior care. One reason this is a particularly attractive alternative for seniors is that there are no health requirements, waiting periods, care limits, or costs to apply. Talk to your insurance provider for more information about what this amount can cover.
We look forward to meeting you and hope your journey to RLC is an easy one! If you’re interested in finding a location near you, check out our community map. We’d be happy to meet with you and schedule a personal tour.
The respiratory system, like many of the other human systems (e.g., cardiovascular, digestive), is a wondrously complex and sophisticated arrangement of organs working together to maintain homeostasis.Contact an Office in Your AreaChronic obstructive pulmonary disease, more commonly referred to as COPD, is a health problem facing adults in the U.S. Because of its progressive nature and increased age as a leading factor, there is a greater prevalence of COPD in seniors. The good news is that many adults can easily reduce their risk of COPD through lifestyle management. COPD represents a group of lung diseases, with the two most common being emphysema and chronic bronchitis.Symptoms of COPD includeConstant coughingWheezingShortness of breathCoughing up mucusTightness in the chestResearch also suggests that there may be a link between poor air quality and COPD. The American Lung Association estimates that between 80-90% of COPD cases result from smoking. Unsurprisingly, secondhand smoke is a significant risk factor as well. Seniors should take the following steps to reduce their risk of COPD:Older adults that smoke should get support from a primary care physician and take steps to quit. There are many programs, services, and products that can help.Seniors should avoid contact with secondhand smoke whenever possible.Reducing exposure to air pollution can help relieve symptoms. Many cities issue poor air quality warnings when these warnings are in effect, seniors should limit outside activities. Seniors should avoid airborne irritants (chemicals, fumes, etc.) in the home.A healthy diet and exercise plan can improve lung function and overall health with direction from a physician.Older adults should understand the impact of aging on their respiratory system and reduce their risk of any related diseases, illnesses, or conditions.Doctors may recommend getting vaccinations for both influenza and pneumococcal pneumonia to guard against further breathing complications.Comfort Keepers Can HelpComfort Keepers elevates the human spirit for todays seniors and their families through a unique, individualized approach to care that helps seniors thrive and achieve greater wellbeing by fostering everyday positive moments, connection, and a more purposeful life no matter their age or acuity. As part of a healthcare team, an in-home caregiver can assist with activities that slow disease progression or reduce the risk for those with respiratory issues. Comfort Keepers caregivers can help by supporting physician-recommended health programs, preparing meals, encouraging prescribed physical activity, reminding seniors to take medications, and providing transportation to scheduled appointments. References:Healthline. Everything You Need to Know About Chronic Obstructive Pulmonary Disease (COPD). Web. 2018.Everyday Health. 5 Best Ways to Prevent COPD by Chris Iliades, MD. Web. 2018.Aging Care. An Overview of COPD by National Institutes of Health. Web. 2017.Unity Point Health. The Top 8 Respiratory Illnesses and Diseases. Web. 2014.American Lung Association. Lung Capacity and Aging. Web. 2017.Centers for Disease Control and Prevention. Chronic Respiratory Disease. Web. 2017.
As seniors age, physical activities can have not only positive physical effects, but positive cognitive effects as well.Contact an Office in Your AreaIn one study, 100 nursing-home residents performed resistance exercises three times a week for 10 weeks. At the end, the exercise group could lift significantly more weight, climb more stairs, and walk faster and farther than their sedentary counterparts.Its been proven time and again that exercise is good for seniors physical and mental health. Regular exercise, even in small amounts, can improve mood, relieve stress and improve health. According to the CDC, four of the five most expensive health conditions older adults face can be prevented or managed with physical activity. But, only about 35% of adults over the age of 65 are physically active. Any senior starting a new exercise plan should consult with their physician. And, it is helpful for family and members of the care team to assist and support physical activity in any way they can. For those that are physically able to begin an exercise program, regular movement can help them live a more vibrant and healthy life. Some of the health benefits include:Improved mental health, mood and outlookPrevention, or improvement of, diseases such as diabetes, obesity, heart disease, and osteoporosisReduced pain from arthritis and minimizing its severityDecreased risk of fallsEach individual has different needs when it comes to exercise and varying health conditions that may need to be taken into consideration before beginning an exercise regimen. A health professional to determine the best approach to physical activity with senior care.There are a variety of ways to incorporate aerobic activity, strength-building exercises, stretching and balance all without leaving the comfort of home! Aerobic exercise Walking in place, dancing or aerobic routines can help get the heart rate up. These activities improve cardiovascular health and help older adults maintain a healthy weight. Strength building exercises there are many easy strength-building exercises that can help seniors build the muscles they need to do everyday activities and prevent muscle loss. And, exercises can be done with household items or using body weight, so no expensive equipment is required. Stretching Stretching before and after exercise can help prevent soreness after exercise. And, the additional benefit is improved flexibility, which is good for older adults physical health. For those looking to improve their flexibility even more, there are exercise routines available online that include yoga or stretching routines specifically for seniors.Balance exercises Balance exercises help seniors prevent falls and improve mobility. Yoga, tai chi, and other low-impact activities can all help improve balance and overall physical health.Those that need a little assistance getting started should not hesitate to reach out to their doctor, family or caregiver. It is never too late to adopt an active lifestyle! Comfort Keepers Can HelpFor seniors that need a little extra help living an active lifestyle, Comfort Keepers caregivers can help with encouragement, support and assistance with physician-prescribed exercise plans. And, caregivers can encourage overall health through meal planning, grocery shopping, meal preparation and activities. Our custom care plans focus on physical and mental health and wellness activities. Our goal is to see that clients have the means to find the joy and happiness in each day, regardless of age or acuity.To learn more about our in-home care services, contact your local Comfort Keepers location today. ReferencesCenters for Disease Control and Prevention. Adults Need More Physical Activity. Web. 2019.Health and Human Services. Facts & Statistics: Physical Activity. Web. 2017.National Council on Aging. Exercise Programs That Promote Senior Fitness. Web.Readers Digest Canada, 5 of the Best Exercises for Seniors to Build Strength, Improve Balance and Boost Heart Health. Web. Harvard Health Publishing. Exercise after age 70. Web. 2007.
More Americans are choosing to age in place. That is, they opt to stay in their homes rather than move to alternative retirement settings.But that often means they must modify their home, so it's not a danger to their safety and health when their physical abilities change.A new career field has risen to address this need: the Certified Aging-in-Place Specialist (CAPS), a program of the National Association of Home Builders. Certified individuals assess homes to identify and recommend modifications to prevent injuries from falls and other risks.According to the Centers for Disease Control (CDC), one-third of Americans age 65 and over fall each year. The CDC adds that environmental factors lead to about half of all falls that occur at home. In addition to tripping hazards and poor lighting, these factors include a lack of needed modifications, such as bathroom grab bars, handicapped showers, stair railings and ramps. The organization offers a checklist to make sure an older adult's home is as safe as possible.Home modifications help seniors maintain quality of life. They often prevent injuries that lead to a loss of independence and early admission to an assisted living or long-term care facility.The following are examples of commonly recommended modifications:Install grab bars for toilets and tubs and install a walk-in tub and/or tub seatRemove unnecessary throw rugs and fasten down rugs or floor runners to prevent slippingMove furniture to create clear walking pathsKeep objects off the floor and coil or secure cords to the wall to prevent trippingReplace doorknobs with lever door handlesApply non-slip tape on uncarpeted indoor and outdoor stepsReplace standard light switches with rocker-style switchesIncrease the width of doorways and hallways to accommodate wheelchairs and, where possible, lower sinks and countertopsMove often-used items to lower cabinets to avoid the need for step stoolsRepair or replace loose handrails and install adequate lighting in stairwaysInstall an elevator or chair liftInstall an elevated dishwasher or one with drawers for easy accessReplace old stoves with induction cooktops to help prevent burnsReplace ceramic tile floors with hardwood or vinyl for safe standingShedding Light on Home ModificationWhen modifying a home for a senior, don't forget the importance of good lighting. Seniors need two to three times as much light in order to see as well as younger people.Good lighting -- in the form of natural light -- provides seniors safety and other advantages:Sunlight provides a good dose of vitamin D, which helps the body absorb more calcium to strengthen teeth and bones. Choose window treatments that let in sunlight, without glare, to enhance the health of seniors, many of who get outside less than they used to.Daylight also improves psychological health. It lessens the energy-zapping effects of Seasonal Affective Disorder (SAD) and other forms of depression.
Bradford Square Retirement Community, located in Naples, Florida, is the perfect choice for seniors seeking worry-free living in a luxurious setting. As Naples's independent living leader for seniors, Bradford Square offers all-inclusive, 55-plus senior living with 24/7 service, resort-style dining, and beautiful accommodations. Our community is known for its breathtaking sunsets, choice shopping, beautiful beaches, and world-class golf, making it an ideal setting for our residents.At Bradford Square, we pride ourselves on providing a vibrant and engaging lifestyle for our residents. From our spacious floor plans to our exceptional amenities, every aspect of our community is designed to enhance the lives of those who call Bradford Square home. Our residents enjoy a wide range of activities and amenities, including games, travel, exercise, movies, and more. Our on-site dining options offer a variety of delicious meals, including a full lunch and dinner menu with a choice of two entrees, two soups, and a full salad bar.Interested in learning more about our luxury retirement community? Schedule a personal tour today to see for yourself why Bradford Square is the premier choice for independent senior living in Naples.