Monday, November 28, 2016

Should empty nesters "downsize" or "rightsize"? Is high rise living more secure?


On Wednesday, Nov. 23, Harriet Edelson wrote a detailed article for the Washington Post about empty-nest seniors downsizing. 
  
It’s interesting that an old house, even if paid for, can be a “burden” if there is constant concern of what can fail.  Seniors, especially those very mobile, may want smaller places, newer, more secure, and in areas accessible to public transportation and amenities.  A new place with onsite security makes long-term travel much easier. 
  

   
High rises may often be more secure for some people, but that isn’t always the case.  The condition of the property and the quality of management onsite is a major factor for security too.  

Tuesday, November 22, 2016

More seniors than ever before have large mortgage balances; more on reverse mortgages


Paula Span has a disturbing story on p. D5 of the New York Times today, Tuesday, November 22, 2016, in a series called “The New Old Age”.  The article title is “Swimming in a rising tide of mortgage debt” or (online), “They’re growing older: their mortgage debt deepens.”

The article examines the growing number of seniors whose loan balance is at least 80% of the value, and even of seniors who are still underwater.

Frequently, senior incomes drop with retirement, or with under-employment in the job market, and their ability to pay off mortgages weakens.



Then, there are ways to get hurt by reverse mortgages that is, by what a loan officer or sales person tells you.  You still have to pay taxes and insurance and keep the home livable.  It’s not a good idea to take a spouse off the title.  Charles Guinn (“Aging in Place Specialist”)  talks in the video.  

Thursday, November 03, 2016

UCLA professor (Bredesen) shows lifestyle changes can often reverse early-onset Alzheimer's


A UCLA  neurology professor at UCLA, Dale Bredesen, reports that patients with early onset Alzheimer’s disease make major regains in cognition with lifestyle changes, which include “Mediterranean diet”, 12 hour fasts, and plenty of sleep, and vigorous exercise.  The Buck Institute has a detailed article here.

The story was reported on the NBC Today show early Thursday.


 
My own mentation, at 73, sometimes experiences “senior moments”, of not remembering a particular name for a minute or so, and then the name suddenly comes to mind and gets restored in other brain cells (rather like making another copy of a file to a different directory on a computer).