Lifestyles over 50 Finance & Money
The idea of selling your house and moving to a new location looks OVERWHELMING and MONUMENTAL! Living there for years surrounded by mementos and memories, the thought of leaving is more than you can bear. Your home is so familiar, so comfortable, and so much a part of you and your family’s life thinking of leaving leaves you with dread and loss.
Consequently, retirees often don’t want to make any big changes like this. But for most the times comes when staying in their current home is simply no longer safe or wise.
There are big changes coming to your Medicare card next year. Starting in April of 2018, people with Medicare will begin to receive NEW Medicare cards with one major difference – your Medicare number, which is your Social Security number, will not be on the card. Because of increased concerns about identity theft and other safety reasons, your Social Security number will be replaced by a random 11-digit number that is unique to you with no identifying information. This change is being made to protect the security of your information, and your identity.
Medicare Open Enrollment for 2018 starts October 15 and remains open until December 7. During this annual enrollment period (AEP) you can make changes to various aspects of your coverage. You can switch from Original Medicare to Medicare Advantage, or vice versa. You can also switch from one Medicare Advantage plan to another, or from one Medicare Part D (prescription drug) plan to another.
Consumer Trust Mortgage wants you to know at least six important facts about Reverse Mortgages. Since 1995, Consumer Trust Mortgage has been helping residents in the Lehigh Valley and beyond to purchase and/or refinance their homes. Now, we are helping people 62 years of age and older to continue to enjoy their homes without the financial burdens of a mortgage payment.
Lehigh Valley Aging in Place Coalition (LVAIP). The mission of LVAIP is to provide an ongoing forum for professionals from private, public, non-profit and business sectors to inform, educate and help older adults age in place. We provide information and solutions to older adults and their families to be proactive in planning for their future needs. lvaginginplace.org.
Counterfeit prescription drugs
Those seeking prescription medication from someplace other than a legitimate pharmacy are at risk in this scheme. The FBI warns patients not to be fooled by fake prescription drugs masquerading as legitimate medicines and using them may worsen your health conditions.
What is the home you’re buying/selling really worth?
It is important for your home to be priced correctly from the start to attract the right buyers and shorten the time that it’s on the market. You need someone who is not emotionally connected to your home to give you the truth. A real estate professional has tools and resources to allow you to determine the value of a property.
As people progress through various stages in life they find themselves in a quandary regarding their home – should I stay or should I go? For those who want to stay in the same geographic location they must evaluate if their home meets their needs, or if it could be renovated to meet their needs. If a renovation is required - what is the level of investment and would it add value to the home? If you find yourself undertaking this mental exercise, we compiled a list of reported projects that yield the best return on investment: