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.
HERE’S A SECRET: when you look at the process step-by-step it begins to look far more manageable, much less overwhelming, and not so fearsome at all. This 6-part series will walk you through those steps.
My mother-in-law, Aggie, from Phoenix, AZ is the perfect illustration. Aggie provides a great example of a retiree and widow who dreaded, even avoided the thought of moving! Widowed in 2005, Aggie stayed in her 2,600 sq ft house,
depending on the kids to help with home upkeep and
driving her for her shopping and appointments. That all ended when Aggie fell and broke her shoulder in 2014. Result: she had to move to daughter Gina’s house. Aggie still resisted
selling the house. She loved staying there when my husband Michael and I came to visit. She could be in her old home for a few days with us knowing we were there to watch and transport her and do needed household repairs.
Aggie was chronically worried about home maintenance, housekeeping, and yardwork. The home was showing signs of
deterioration, but budget constraints and vulnerability to exploitive contractors were a hindrance. Her health issues
contributed to the challenge. Besides, she had to depend on her family with their own children and very busy lives.
These were huge obstacles so why resist moving?Very simply: fear of the unknown. She dreaded different surroundings, leaving friends and neighbors, giving up treasures and possessions, packing and sorting, the physical exertions of moving, and her loss of independence.
She was a creature of habit. Her unhappy situation was more tolerable than thinking about change. But Aggie discovered a surprise: she made the move and was happy she did. Retirees make new friends, enjoy life more and wish they’d moved sooner!
Such a life changing event isn’t done lightly. You’ll have to ask hard questions. “Did I work so hard all my life for this stressful lifestyle?” “Is this how I want to spend the next 10, 15 or 20 years?” “Might moving make life easier, more enjoyable and healthier?” You’ll have to dig a bit deep with these questions.
This article is the first article in the Should I Stay or Should I Go series. The next will feature
Concrete Steps to Overcome the Fear of Change
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.
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.