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Tag Archives: senior living

Best Christmas Gifts for Seniors

Senior couple at Christmas

When it comes to holiday shopping, little kids make it easy. They are more than willing to tell us – and keep telling us – what they want.

Then as people get older, they become harder to shop for: think about all the times a parent or grandparent has told you “Oh, you don’t have to get me anything.” Continue reading "Best Christmas Gifts for Seniors"

What is Senior Assisted Living?

Senior assisted Living caregiver combing senior mans hair

Earlier this month, we wrote about independent living. This is a type of housing which allows senior citizens to have access to dining, medical care and various activities, but still live independently.

This week, we’ll focus on senior assisted living, which offers more support for older people who might have trouble with daily tasks. Continue reading "What is Senior Assisted Living?"

What is Senior Independent Living?

Senior independent living

You’ve gotten past retirement age, and the house where you’ve spent the past 20 or 30 years suddenly seems like too much work.

You’re far too young and too healthy to think about moving to a nursing home, but you’re still looking for a change. That’s where senior independent living comes into play. Continue reading "What is Senior Independent Living?"

Paying for Long-Term Care: 6 Retirement Questions to Ask

Seniors reviewing retirement plans - long term care

Visit your cell phone’s app store, and you’ll find dozens upon dozens of apps that let you count down the years, months, days and hours until your retirement.

For some people, it’s a cause for celebration: You did it! You can finally take it easy.

But for other people, the countdown to retirement only leaves them feeling uneasy. With retirement comes the big Retirement Questions: What will I do? Where will I live? What if I get sick and need long term care? How am I going to be paying for long-term care in retirement? Continue reading "Paying for Long-Term Care: 6 Retirement Questions to Ask"

How Much Do I Need to Retire?

Multi ethnic group of reitred seniors - How much do I need to retire?

As we set out to write this blog post about retirement, we began thinking – of all things – about the movie Austin Powers.

Specifically the scene where Dr. Evil, the film’s villain – who had been cryogenically frozen for 30 years — unveils his plan to hold the world ransom for…”one MILLION dollars,” unaware that $1 million is no longer an impressive sum of money.

We have to say, we see the movie’s point. On one hand, $1 million can be a life-changing amount of money. On the other hand, it may not be enough to fund your retirement.

So, how much DO I need to retire?

Retirement planning - Outliving your retirement savingsFor years, $1 million was the target experts suggested most people try to hit when building a retirement nest egg.

We’ve also seen other sources – places like Forbes, Vanguard and The Motley Fool – suggest ensuring your post-retirement income is anywhere from 60 to 80 percent of your pre-tax income during your working years. The AARP says you should aim for $1 million to $1.5 million, or 10 to 12 times your income.

“For people approaching retirement, those figures might be a source of panic, denial and dread,” the AARP says on its website.

“But a true retirement number is different for everyone, says Dan Yu, managing principal at EisnerAmper Wealth Advisors. It depends on factors such as where you’ll live and how healthy you’ll be as you age. And most challenging of all — how long will you live?”

Here are four things they suggest asking to calculate the big question: How much do I need to retire?

1. What will my cost of living look like?

Retired seniors on vcationCreate a budget to track your expenses. Some financial planners say you’ll need 70 to 80 percent of pre-retirement income when you’ve finish working, while others say that figure is too conservative and go all the way to 100 percent.

That’s because our spending doesn’t really slow down in the first years of our retirement, according to Yu. For example, a lot of new retirees find themselves traveling – and thus spending – more.

2. What if you outlive your retirement funds?

People are living longer, healthier lives, but many of us still plan for a retirement that will only last 15-20 years. Statistically speaking, an upper middle class couple who are in their mid-60s today have a better than average chance of both living to 95.

3. Are my savings enough?

In order for you to generate $40,000 a year for 30 years once you stop working, you’ll need to have amassed a retirement savings of $1.18 million. The AARP says this figure was calculated using average returns of six percent and inflation of 2.5 percent.

4. What if I don’t have enough?

Retired seniors paying bills and planning retirementIf any of the numbers we’ve mentioned seem out of reach, don’t panic. Just start saving. Again, from the AARP website:

“Savers can double, on average, their nest eggs in the last decade or so of their working lives, thanks to the magic of compound interest, says Michael Kitces, director of planning research at Pinnacle Advisory Group. Think about going from two cars to one or cut back on travel to keep spending low.”

At Pennsylvania Stairlifts, we try to do our best to help seniors get the most out of their post-retirement life, whether it’s by offering information on retirement planning, or providing affordable, high-quality stair lifts and platform lifts that allow them to enjoy their homes for longer.

Contact us today to learn how we can make life after retirement easier for you and your loved ones.

Choosing the Right Senior Living Community

Seniors at senior living community

We’ve written numerous times about the concept of aging in place, often noting that most senior citizens want the option of aging in place.

But for many seniors, remaining at home may not be practical. They might need the care and services that only a nursing home or assisted living community can provide. Continue reading "Choosing the Right Senior Living Community"

Jobs for Retirees: Retirement Blogging

Kathy Merlino

Meet Kathy. She retired a few years ago, but it wasn’t an easy process. So to help other people in her shoes cope, she started a blog.

Now, you might think we’ve invented Kathy as a way to illustrate this week’s topic, but she’s a real person. You can follow her at Kathy’s Retirement Blog, where she offers tips on the emotional side of transitioning from working life to retirement.

“Retirement takes more than financial preparation,” she writes. “It is more of a journey than an arrival at a life destination. And, it is not an end but a beginning. People are living longer, are more productive than ever. That said, getting to my happy place in retirement was a challenge. But, I learned, as I meandered through this life transition, I am far from alone.”

Kathy is definitely not alone. In fact, she’s one of many seniors who have turned to blogging in retirement. There are a number of benefits to starting a blog, but first, let’s look at how you can begin retirement blogging.

Getting started

Portrait of smiling man using tablet computer while cooking food in kitchen at home

Begin by asking yourself “What do I want to write about?” Think about the classic advice for writers – “Write what you know!” – and go from there:

  • If you’ve always loved to cook, you could start a blog where you share recipes and tips for making healthy, delicious meals.
  • If you’re devoting your retirement years to travel, your blog can document your journey.
  • If you’re done with your old job but are still interested in your former career, you could write about trends in your industry and offer your perspective.
  • If you’ve lived an interesting life or had an unusual job, you can turn your blog into a memoir.

From there, find your platform. We use WordPress, which is simple and intuitive, but there are plenty of free – or at least low-cost – options for retirement blogging.

You may also want to read blogs by other people in your chosen field to help hone your writing skills. But don’t copy their style. Choose your own voice.

And then finally, head to social media to promote your blog. Platforms like Twitter and Facebook can help you share your words with the world…or at least with your family and friends.

The benefits of retirement blogging

Why should you start a blog after you retire? There are several good reasons blogging is becoming a popular choice among jobs for retirees.

Senior woman blogging while sitting in her garden1. It keeps you plugged in

After retirement, it’s easy to feel isolated. Studies show the value of senior citizens staying active and engaged. Blogging can help on both fronts. It’s like going back to work, but rather than going after any of the traditional jobs for retirees, you’re working on your own schedule and according to your own terms.

In addition, blogging can help you reach others. You can create a community based around whatever you’re writing about, whether it’s books, cooking, travel or finance.

2. You’ll keep your mind sharp

Blogging means researching the things you want to write about, organizing your thoughts and coming up with the right turns of phrase, all of which helps sharpen your mind.

Retired couple happy with their finances3. You might make some money

We’re not saying you should expect to get rich – or even earn a living – from your retirement blogging efforts, but some bloggers can make money through ads on their website or by contributing writing to other sites.

If you’re writing about products that people are selling, you might get paid to offer up reviews. And if you blog for long enough – and have enough interesting things to say – you might be able to someday turn your blog into a book.

Are you looking for other ways to make your retirement a more enjoyable experience? Turn to Pennsylvania Stairlifts.

We recognize how important it is for senior citizens to age in place, which is why we’re committed to providing only the best accessibility features like stair lifts and platform lifts.

Contact us today to learn how we can help make your home a safer, more comfortable place.

Starting a New Career in Retirement

Senior man working as a barista at a s coffee shop

There are a lot of reasons people might want to go back to work after retirement.

Maybe their savings and Social Security don’t cover their cost of living. Maybe they need to earn some extra money so they can travel or help out a family member.

Or maybe they’re just bored. After a lifetime of eight (or more) hour days, you might have trouble filling your time. Starting a new career in retirement might be the perfect solution.

With that in mind, here are a few post-retirement career options you might want to pursue.

Senior Woman Working In Home Office1. Working for a non-profit

After spending thirty or forty years in the high-pressure, profit-focused corporate environment, you might want a change. Why not try the non-profit sector?

Non-profits could still use the skills you honed at your corporate job but will be able offer you goals that are a bit loftier than just meeting quarterly profit expectations.

Man workin as a driver for Uber2. Getting behind the wheel

Sometimes starting a new career in retirement is as easy as getting behind the wheel. Services like Uber and Lyft have offered seniors new opportunities to work as ride-hailing drivers, provided they have a clean record and reliable transportation.

Alternatively, you might enjoy getting an opportunity to drive the latest model cars. New car dealerships sometimes hire retired seniors to transport cars between dealerships. If you enjoy driving this could be the gig for you.

According to U.S. News and World report, nearly six percent of people over 65 have transportation and material-moving jobs, for services like Uber, as delivery drivers, or in public transit.

Senior man using computer at library3. Head to the library

Another popular position among seniors – 5.2 percent according to U.S. News – library work allows older people to work part-time and can be a good fit for people who like to read and learn new things.

4. Parks and museums

According to the AARP, 35 percent of people working as museum curators and conservators are over 55. And if you’d rather work in the great outdoors, check out your local park service. They might be taking on rangers for the summer season.

Seniors running a small franchise business5. Open a franchise

Franchise ownership is becoming a popular second career for Baby Boomers, but it’s not a good job for someone who’s seeking a relaxing retirement. New franchisees should be prepared to invest a significant amount of money and work long hours to get their new business off the ground, but with potentially great financial results.

Senior working as a consultant6. Consulting

“Consultant” is a pretty broad term, but it essentially means “someone who’s cultivated a wealth of knowledge.” And who better to fit that description than someone like you, who spent decades mastering your field.

Now that you’ve retired, you could put what you’ve learned to good use. Many companies will often bring back retired employees as contract workers, but you could also try working as an independent consultant, especially if you’re an expert at something like finance, IT or management.

Senior woman working as a secretary part time7. Your old job

You might be able to stay at your old job, but just work at it part-time, coming in maybe three days a week, half the day, or just for part of the year. For example, some retired accountants pick up work during tax season and then go back to retired life after April 15.

The end of your career doesn’t have to mean The End. Starting a new career in retirement can allow you to meet new people and learn new skills, all while supplementing your bank account. Good luck!

Don’t Get Fooled Again: How to Avoid Scams that Target Seniors

Woman being scammed over phone

It’s a sad fact of life: senior citizens are among the most popular victims of the world’s scam artists.

According to the FBI, this is for a few different reasons.

  • Senior citizens are more likely to own their homes, have money tucked away and have an excellent credit score.
  • Seniors are more interested than younger people in products that can make them healthy. After a lifetime of seeing different diseases cured or eradicated, it doesn’t seem that far-fetched that a con man’s miracle drug can do what’s promised.
  • Older people don’t always make great witnesses. Their memories can be shaky, and they might be reluctant to report fraud because they worry their families will think they can’t be trusted to manage their finances.

If you have elderly parents, it’s important to keep an eye out for some of the most common scams that target seniors.

Continue reading "Don’t Get Fooled Again: How to Avoid Scams that Target Seniors"