There are tons of ways to stay active and keep fit this summer. And just as every senior has a different personality, their hobbies and interests vary, as well. Summer is the perfect time to indulge in some of the things your loved one likes to do. So Freedom Home Care wanted to come up with a list of fun, safe activities you and your loved can actually enjoy doing together. Go Fishing It’s always beautiful out this time of year. It’s even better if you live near a river, lake or some place else that allows you to
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Archives for retirement
Tips To Reduce Monthly Expenses During Retirement
Those of us here at Freedom Home Care know how hard you’ve worked to build up your nest egg for your children’s education, emergencies, and your retirement. So you’ve contributed to your 401K, participated in your company’s pension plan, and put money into an IRA in order to save up for the future. If you’re currently in retirement or at least thinking about it, there are a few things you may want to consider to ensure the continual grow of your personal wealth. Determine the Right Time to Collect Social Security For You Decide carefully how and when you
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Tips to stretch every dollar at the grocery store
Many retired individuals live on a fairly strict budget. And although making every dollar – and every dime – count is a great rule of thumb no matter one’s age, it doesn’t always come into play when making purchases. For those living on a pension or a retirement fund, however, being thrifty is more than just a smart idea; it’s a must. Thanks to Jeff Yeager’s ultimate cheapskate ways, it’s easy to see that there are plenty of methods to save money every single day. When shopping for groceries, for example, which can take a big chunk out of everyone’s
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Managing unexpected health-care costs in retirement
Preparing for retirement can be a career-long endeavor, but no matter the level of preparedness, retirees can sometimes be faced with issues that they never could have planned for. Often, those unexpected items fall under the umbrella of health-care costs and needs. For many retirees over the age of 65, Medicare is the primary source of coverage. When supplemental coverage is needed, it can often come in the form of employer plans and individual Medigap policies or HMOs. The recommendations from the Society of Actuaries, however, include other outlets that retirees can look to when faced with unexpected costs. Therefore,
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5 tips to downsize, de-clutter and de-complicate life
Yesterday, the folks here at Freedom Home Care put the aging loved ones in our lives in a downsizing frame of mind. We highlighted a Wall Street Journal editor who is gung ho for de-cluttering and de-complicating her life. By freeing oneself of an oversized residence, elderly individuals can take back their free time and enjoy retirement all that much more. And while we admitted in our post that moving into a smaller space is easier said that done, we also promised that we would provide a few tips to make the transition a smooth one. To carry out that
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Discovering the importance of doing what makes you happy
Transitioning into retired life has proven to be quite difficult for many individuals who have spent their lives working in sometimes decade-long careers. Finding something to fill the days can be a challenge. But it can also be a blessing. AARP’s Your Life Calling, hosted by Jane Pauley, shares success stories of those who have embraced retired life and found a new calling. The show has also delivered accounts of individuals who have chosen to make a complete 180 for the sake of their own personal fulfillment. And it is their revelations that have served as inspiration for many once
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Introducing the Homestead at Morton Grove
Earlier this week, we here at Freedom Home Care reported the opening of our new Wellness Center at the Homestead at Morton Grove. We mentioned how the new facility is geared at improving the lives of Freedom Home Care patients as well as those residing at the Homestead. Today, however, we would like to take the opportunity to introduce the Homestead and explain why we chose to work in conjunction with such a reputable organization. As its name indicates, The Homestead at Morton Grove has the ability to make retirees feel just as much at home as they ever did.
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Understanding dementia insurance and why it’s a good choice for retirees
The Wall Street Journal’s Encore blog serves as a wonderful tool for anyone heading into retirement or already there. In a recent post, editors discussed annuities as a way to help minimize poor financial decisions associated with dementia. The editors referred to this financial safety net as a type of “dementia insurance,” put in place to protect assets and allocate the funds throughout the 20 or 30 years of retirement. The challenges lie in the management of 401(k) during the working career and after. “Most 401(k) plan analysts agree that these plans have not worked as well as one might
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10 facts about the nation's aging population
In a report published by the National Institute on Aging, it was said that we as a planet are living longer and healthier lives. And although this is a testament to better diets, better living conditions and an overall better understanding of the human body and what it needs to live to its fullest, an older population also carries significant challenges with it. “Longer lives must be planned for,” the report reminds us. “Societal aging may affect economic growth and many other issues, including the sustainability of families, the ability of states and communities to provide resources for older citizens,
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