Archive | Finance

Good fences make good neighbors

Robert Frost once wrote a poem called “Mending Wall” in which the property line between neighbors brings them together and yet keeps them apart. This seeming contradiction is seen every day in elder housing. The best neighbors come together in times of need, but are aware of their own limits, or boundaries in the relationship.

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New year, new life!

We all know the stereotype of a “senior” – a weary, grumpy “old person.” But, like all generalities, this image of a “senior” is far from accurate. Today’s seniors are active, engaged and filled with a desire to get the most out of life. They have worked hard for many years to earn a living, buy a home, and raise a family. Now they are eager to turn to the next chapter and enjoy the rewards of retirement.

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There is no ‘I’ in team

Over the summer, I play softball with a bunch of other women in my town. I am older than and not as nimble as my younger teammates. Even if I were, I’ve never been particularly athletic. But, they let me play and I enjoy my time on the field. Granted, I am always a bit worried that I am going to mess up, but even when I do, someone is there to back me up and we keep playing. I am part of a team. That is what teammates do.

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Will you be able to afford to ‘age in place’?

I love my home. It is familiar, cozy and the place where I feel most secure and comfortable. I never want to leave. In fact, few people are eager to make a change in where they live, even as they grow older and their needs change. Studies have shown that 90 percent of adults over the age of 65 would prefer to stay in their current residence as they age.

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A review of elder friendly community rankings

This table summarizes the last several articles about each of the towns in Worcester County and how they compare on elder friendly characteristics. The higher the ranking, the more elder friendly the town was considered to be in each of the areas studied. The areas included the extent of medical facilities available in the town, how affordable the town was, how extensive the transportation options were in the town and how well funded the senior center was.

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What types of people get a reverse mortgage?

By Alain Valles, CRMP, President- Direct Finance Corp. Let’s play a little game. The next time you attend a high school class reunion, visit your local Council on Aging, or gather with a group of friends for dinner, look around and try to guess who  has gotten a reverse mortgage on their home. Think you’ll […]

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