Early in her 50s something seemed off with my wife. She would often become forgetful. It would take me several years to realize this forgetfulness wasn't going to go away. After a diagnosis of early-onset dementia how could I know then that I was in for a fifteen-year journey of exhaustion, confusion, hopelessness and hard suffering while losing my companion to this disease. As it became unsafe for her to live at home and I was far beyond exhaustion, I was surprised to find her happy when we placed her in a Senior Memory Care Community. During the journey I would say to the kids, there ought to be someone to help us with this. Years later I discovered Senior Placement Services. It was too late for my journey but it's not too late for yours! The service is FREE! Don't wait for a crisis, plan ahead! They will help you navigate the overwhelming, complex process to find the right fit for your loved one.
Editor's Note: This article was submitted by Walt and Britt Roberson of Harmony Senior Referrals. They may be reached at 303-667-2420
If your children are grown and your mortgage is paid off, do you still need to carry life insurance? It depends on your situation, but for many people, a cash-value life insurance policy, such as whole life or universal life, can be a valuable, tax-efficient source of retirement income.And by drawing on the cash value of your policy, you might be able to temporarily reduce the amount you take out from your retirement accounts, such as your IRA and 401(k). This ability could be especially important when the financial markets are down youd probably like to avoid liquidating your assets when their prices have dropped. Basically, you can use the cash in your policy in these ways: Withdrawals You can typically withdraw part of the cash value of your life insurance without losing coverage. You generally wont incur income taxes on these withdrawals, up to the amount youve put into the policy that is, the premiums youve paid. Once your withdrawals exceed this amount, you would generally owe taxes. Also, keep in mind that any withdrawals will reduce your policys death benefit and the available cash surrender value. Policy loans Rather than taking a withdrawal from your policy, you could take out a loan. You wont have to go through an approval process or income verification, and policy loans typically have lower interest rates than bank loans and dont assess closing costs. Plus, because your insurer will be lending you the money and using the cash in your policy as collateral, your policys cash value can remain intact and still potentially grow. However, policy loans do carry some issues of which you should be aware. For one thing, while a loan usually isnt taxable, you could end up owing taxes on any unpaid loan balance, including interest. And if this balance exceeds the policys cash value, it could cause your policy to lapse. Also, outstanding loans can reduce your death benefit. Cashing out If you cash out, or surrender, your policy, you can receive the entire cash value, plus any accrued interest. You will have to subtract any money needed to pay policy loans, along with unpaid premiums and surrender fees, which can be significant. Also, any amount you receive over the policys cash basis the total of premiums youve paid will be taxed as regular income. 1035 Exchange Through whats known as a Section 1035 Exchange, you can transfer your life insurance policy to an annuity, which can be structured to pay you a lifetime income stream. The exchange wont be taxable but surrender charges may still apply. Given the potential tax implications of the above options, you may want to consult with your tax advisor before making any moves. Also, be sure you are comfortable with a reduced or eliminated death benefit. Specifically, youll want to be confident that your spouse or other family members dont need the proceeds of your policy. This may require some discussions about your loved ones plans and needs. And dont forget that life insurance can help your family pay for final expenses, such as funeral costs and unpaid medical bills.Whether its providing you with needed retirement income or helping your family meet future needs, your cash value life insurance policy is a valuable asset so try to put it to the best use possible. Chad Choate III, AAMS828 3rd Avenue WestBradenton, FL firstname.lastname@example.org This article was written by Edward Jones for use by your local Edward Jones Financial Advisor. Edward Jones, Member SIPC
Retirement is a phase of life that many look forward to. Its a time to relax, explore new hobbies, and savor the great fruits of ones labor. If youre living in Littleton, CO, youve found a great place to retire. With its picturesque landscapes, friendly community, and a plethora of recreational opportunities, Littleton is an ideal destination for an affordable, comfortable retirement.Read on as we get into the charms of retiring in Littleton and explore an enticing option, the RiverPointe Senior Community, that caters to a fulfilling and budget-friendly retirement.The Allure of Littleton, COLocated in the foothills of the Rocky Mountains, Littleton boasts an enchanting blend of natural beauty and urban convenience. The citys historic downtown exudes a quaint charm with its boutique shops, art galleries, and diverse dining options. Residents can enjoy leisurely strolls along the South Platte River, explore the beautiful parks and hiking trails, or simply soak in the breathtaking mountain views.For retirees seeking cultural enrichment, Littleton doesnt disappoint. The town hosts various cultural events, festivals, and live performances, ensuring that your retirement years are anything but mundane. Additionally, the proximity to Denver allows easy access to world-class museums, theaters, and other urban amenities.The Affordable Retirement Dream: RiverpointeA key consideration for retirees is finding a living arrangement thats not only comfortable but also affordable. Riverpointe is a shining example of an establishment that caters to this need. This senior living community is designed to provide a holistic and enjoyable retirement experience without breaking the bank.A Range of Accommodation OptionsWith different floor plans to choose from, Riverpointe allows you to choose a residence that aligns with your preferences and budget.Amenities that Enhance LifeDespite its affordability, Riverpointe doesnt compromise on amenities. Residents can revel in beautifully landscaped gardens, partake in fitness programs such as yoga and low-impact aerobics, and engage in social activities tailored to their interests, such as movie nights and bridge groups. With outside excursions to nearby museums, theaters, and other such entertainment venues, youre sure to find something you like.Focus on WellnessRiverpointes approach to wellness ensures that residents can maintain a balanced and healthy lifestyle. From chef-prepared nutritious meals to wellness programs, the communitys offerings contribute to the overall well-being of its residents.Engaging CommunityThe sense of community is strong at Riverpointe. By engaging in book clubs, speaker programs, and even in-house concerts and dances, you can foster meaningful connections and enjoy a fulfilling social life.Convenient LocationSituated in Littleton, Riverpointe provides easy access to the towns attractions, shopping centers, medical facilities, and more, making it a convenient and practical choice for retirement living.Make the Most of Your RetirementRetirement should be a chapter filled with happiness, relaxation, and the freedom to pursue ones interests. Littleton, CO, with its natural beauty, cultural offerings, and community spirit, sets the stage for a fulfilling retirement experience, and Riverpointe sees it through. With an emphasis on affordability and comprehensive amenities, theres something for everyone to enjoy.As you plan your retirement journey, consider Riverpointe in Littleton, CO. With independent living at its finest, were ready to welcome you home. Contact us today to learn more 303-797-0600
As we approach our later years, a new phase beckonsone defined by independence, novel experiences, and a supportive community. Independent living communities have emerged as a promising avenue for seniors who seek an active lifestyle intertwined with the ease of low-maintenance living.Keep reading to learn more about the positive aspects of these communities, along with helpful tips for finding the right senior community for you or your loved one.The Benefits of Independent Living CommunitiesIndependent living communities are thoughtfully curated to provide seniors with a dynamic and encouraging environment that nurtures an independent lifestyle. These communities often boast a spectrum of amenities and services tailored to meet the distinct desires and inclinations of their residents.Heres a glimpse into some of the factors contributing to the surge in popularity of independent living communities:Freedom and Autonomy: Independent living communities enable residents to revel in private living spaces while having a range of services and amenities nearby, including housekeeping and transportation.Social Enrichment: One of the most compelling facets of senior communities is the opportunity for social engagement. Residents can foster new connections, partake in group activities, and participate in events that foster a sense of camaraderie and belonging.Maintenance-Free Living: Bid farewell to home maintenance and repairs. Independent living communities usually take charge of routine maintenance, allowing residents to dedicate their time to pursuits they cherish.Wellness and Health: Numerous senior communities offer wellness initiatives and fitness amenities that aid residents in staying active and maintaining their well-being.Convenience: From on-site dining facilities to transportation provisions, independent living communities are meticulously designed to augment seniors daily lives. The convenience quotient significantly contributes to a life thats gratifying and hassle-free.Selecting the Perfect Independent Living CommunityNow that we know the benefits of independent living communities, lets get into what things you should consider in order to identify the optimal senior community for you or your loved one:Evaluate PreferencesStart by gauging your or your loved ones lifestyle preferences. Are you or your loved one inclined toward the vibrancy of an urban milieu or the tranquility of suburban living? Consider which essential amenities and services you or your loved one are most interested in, such as fitness centers, transportation access, and dining alternatives.Online ExplorationCheck out online resources to explore various independent living communities in the area. Peruse their websites to gather insights about their offerings, pricing structures, and testimonials from residents. This preliminary research aids in assembling a shortlist of prospective communities.Plan VisitsOnce the shortlist is ready, arrange visits to the communities of interest. This step allows you or your loved one to soak in the ambiance, interact with staff and fellow residents, and acquire an authentic sense of daily life within each community.Inquire ThoughtfullyCome prepared with a set of questions during such visits. Seek information regarding the array of services, communal activities, healthcare provisions, and any concerns you might have. Dont hesitate to seek clarity on policies and safety measures in place for residents welfare.Financial DeliberationsDont forget about the financial facets associated with each community, including monthly fees and potential supplementary charges. Take time to evaluate your or your loved ones budgetary parameters and ascertain a comfortable affordability range.Riverpointe is an independent living community that promises a future ripe with new friendships, exhilarating escapades, and the delight of living independently. Get in touch with us today to learn more about what we can offer you or your loved one.
Harmony Senior Referrals was established by Walt and Britt Overlie Roberson. Our Senior Placement Referral Company offers FREE services to clients throughout the Denver Metro, North Denver and Front Range and Kansas City Metro areas. We help "at risk" seniors find the "right" senior living community, offering guidance and assurance every step of the way. We know the challenges because "we've been there" personally. We refer to Independent Living, Assisted Living, Memory Care, Adult Family Homes, and Skilled Nursing Communities along with in-home care. Call or email us and we will be happy to talk with you and answer any questions to help find the right choice for your family.