Social Security remains a critical financial resource for millions of retired Americans, with over $1.5 trillion in benefits projected for 2024 alone. However, retirees should be aware of two major changes to Social Security coming in 2025 that could impact their benefits.
GoBankingRates.com recently wrote about the changes which are:
Smaller COLA Increase: The 2025 Cost of Living Adjustment (COLA) is expected to be only 2.7%, a drop from recent years due to lower inflation. Unfortunately, these adjustments often fall short of actual retiree expenses, further eroding purchasing power.
Later Full Retirement Age (FRA): For those nearing retirement, the FRA is set to increase. Individuals turning 66 in 2025 will need to wait until 66 and ten months to avoid early filing penalties. This change emphasizes the importance of strategic planning around benefit claims.
To offset these changes, retirees can prepare by building an emergency fund, reducing unnecessary expenses, and even considering a side hustle to boost their financial stability.
It’s the million-dollar question everyone is talking about – how will the recent election affect real estate?
Realtor.com has posted an article with its take on the election and how the real estate industry may change as a result. Some anticipate that Trump’s re-election could have a dramatic impact on housing policies.
The article explains that amid an ongoing housing crisis, his administration’s proposed measures include deportations, reduced housing regulations, and increased access to federal land for new developments. While Trump’s promises to lower housing costs appeal to many, experts say his policies are unlikely to address the root issues in the housing market.
>For example, deportations are intended to reduce housing demand, yet they could also disrupt the construction labor force, a vital component in home building.
>On regulation cuts, the president elect believes scaling back could cut home prices by 30%, though data shows regulatory costs only make up a fraction of housing prices.
>Although opening federal land could slightly ease shortages, much of this land isn’t near urban areas where demand is highest.
At the end of the day, only time will tell but the good news is that many are optimistic that homes may be more affordable, young people might be able to get into the housing market, and that seniors will be able to sell their homes with a profit they can use to enjoy the retirement years.
Seniors and retirees have long sought retirement destinations in the south largely because of the milder weather but there are so many other great benefits for seniors. Grace Zhu from TheStreet.com recently looked at some of the local and state tax benefits that are luring seniors to the Peach State.
Flat Tax Rate: Georgia moved to a flat tax rate of 5.39% as of April 2024. Potential annual reductions could bring it down to 4.99% by 2028.
Social Security and Medicare Benefits: Exempt from Georgia state income tax, allowing retirees to retain more of their benefits.
Pension Income Deductions:
Retirees aged 62-64 can deduct up to $35,000.
Retirees aged 65 and older can deduct up to $65,000 from pension income.
Increased Exemptions:
Personal exemption raised to $12,000 for singles and $18,500 for married couples.
Dependent allowance increased to $4,000 per child.
Investment Income: No special tax treatment; interest, dividends, and capital gains are taxed at 5.39%.
Capital Gains Exclusion on Primary Residence:
Up to $250,000 for singles.
Up to $500,000 for married filers.
529 College Savings Plan:
Contributions are tax-deductible up to $4,000 for singles and $8,000 for joint filers.
Contributions can be made until the tax filing deadline in April.
Retirement Account Distributions: 401(k), 403(b), and IRA distributions are taxed at the state level but enjoy deductions similar to pensions.
Military Retirement Exemption:
Military retirees aged 62+ can adjust their state tax returns.
Those under 62 can exclude $17,500 of military retirement income, plus another $17,500 if they have over $17,500 in earned income.
Property Tax Relief:
Property assessed at 40% of fair market value, with possible local homestead exemptions.
Exemptions available for seniors, including a school tax exemption at age 62 and additional $4,000 exemptions at age 65.
No State Estate or Gift Tax: Georgia has no estate, inheritance, or gift tax, aiding in estate planning.
For a smooth transition into retirement in Georgia, consider these tax benefits and exemptions that could help maximize your income and savings.
While the holidays are known for the joy and family closeness they bring, I know from meeting with my clients that for many seniors, it is an extremely difficult time of year. Many face loneliness and sadness from being far from family, the loss of loved ones and friends, and health struggles.
However, there are ways to combat these feelings and find joy in the holidays. Here are some strategies that can help:
Stay Connected – Making an effort to stay connected with family and friends can greatly reduce feelings of loneliness. If visiting in person isn’t possible, technology can bridge the gap. Video calls, phone conversations, or even emails and texts can help seniors feel more involved in holiday activities. Tip: Schedule regular video chats or phone calls with loved ones. Even short conversations can brighten the day.
Join Local Activities – Many communities offer special holiday events and gatherings for seniors. Churches, community centers, and senior living facilities often host social activities like holiday parties, game nights, or carol singing. Tip: Check local event listings or call senior centers to find holiday-themed activities.
Volunteer or Give Back – Helping others is a great way to lift your spirits and find purpose. Volunteering at a local charity, donating to those in need, or making holiday cards for neighbors or friends can create a sense of connection and fulfillment. Tip: If mobility is an issue, look for volunteer opportunities that can be done from home, such as making blankets for shelters or sending letters to service members.
Create New Traditions – If long-standing holiday traditions are no longer possible, consider creating new ones. These new traditions don’t have to be elaborate; they could include decorating the home, watching a favorite holiday movie, or trying a new holiday recipe. Tip: Start small by incorporating one or two new traditions each year.
Stay Active – Physical activity has a direct impact on mental health. Even a short daily walk, some gentle stretching, or light exercise can boost mood and alleviate symptoms of depression. Tip: Try to incorporate some form of movement each day, whether it’s a walk outside, chair exercises, or following an online workout tailored for seniors.
Focus on Self-Care – Taking care of mental and physical health is especially important during the holiday season. This includes getting enough rest, eating healthy meals, and managing stress. Practicing mindfulness, reading, or engaging in hobbies can help seniors stay grounded. Tip: Take time each day for self-care activities, even if it’s just relaxing with a warm cup of tea or reading a favorite book.
Reach Out for Support – It’s essential to seek support if feelings of loneliness or depression become overwhelming. This could mean talking to a trusted friend, family member, or healthcare professional. Therapy or support groups, either in-person or online, can also provide valuable resources. Tip: Many organizations, including mental health hotlines, offer free or low-cost services for seniors in need of support.
The holidays can be a challenging time for seniors, but with proactive steps, you can stay connected, active, and joyful. Whether by reaching out to loved ones, participating in community events, or creating new traditions, seniors can make the most of the holiday season while keeping loneliness and depression at bay.
Remember, the holidays are about connection—whether with others or within yourself. 💙
If you’re thinking about selling your home in Georgia, you might wonder if November is a good time. While spring and summer are typically peak seasons for real estate, November can still be a great month to sell. Here’s why.
Serious Buyers – In November, the buyers out there tend to be serious. These are people who need to move before the holidays or the end of the year. They’re motivated, which can lead to quicker sales.
Less Competition – Many sellers wait until spring to list their homes, so there’s less competition in November. With fewer homes on the market, your property has a better chance to stand out.
Fall Curb Appeal – Georgia’s beautiful fall foliage can give your home a cozy, inviting look. With some seasonal décor, you can boost your home’s curb appeal and attract potential buyers.
Year-End Tax Benefits – Some buyers may be looking for year-end tax benefits, like deductions from mortgage interest or property taxes, which can motivate them to close on a house before the new year.
Mild Weather – Georgia’s weather in November is mild and pleasant, making it easier for buyers to view homes compared to harsher winter months.
Bottom Line: While spring is still the busiest time for real estate, selling in November in Georgia has its perks. With motivated buyers, less competition, and fall curb appeal, it could be the perfect time to list your home!
While I love conversations centered around real estate, these days my clients are squarely focused on the election and the looming Medicare re-enrollment deadline. Both with a significant impact on senior’s lives.
I won’t touch politics but happily can provide some information about Medicare — information I read on SeniorPlanet.org. They interviewed a Medicare expert who answered some of the most common questions.
Re-enrollment Dates: Medicare re-enrollment is from Oct. 15 to Dec. 7. It’s time to decide if you’re sticking with your current plan or switching providers.
Medicare Choices:
Original Medicare: Includes Part A (hospital), Part B (outpatient), and optional Part D (prescription drugs). Many people also opt for a Medigap plan to cover gaps.
Medicare Advantage: A private plan covering Part A, Part B, and often Part D, with added perks like dental but limited to a network of providers.
Common Mistakes:
Many seniors are overwhelmed by the transition from employer health coverage to Medicare, struggling to navigate new options.
Choosing between Original Medicare and Medicare Advantage can be confusing, and many are tripped up by the learning curve.
Helpful Tools:
Brokers: Insurance brokers can guide you but may not show all available plans.
Online Plan Finder: Medicare’s online tools allow you to compare every plan in your area.
Enrollment Windows:
If you’re turning 65, you have a 7-month window to enroll, starting three months before your birthday. Don’t delay; waiting could leave you without coverage!
Late Enrollment Penalties:
Part B: 10% extra per year of delay, lasting as long as you have coverage.
Part D: 1% extra per month of delay, also lasting as long as you have coverage.
Make informed choices to avoid unnecessary penalties and ensure you get the best care for your needs!
Working with seniors today is more fun than ever before. My clients, whether in their 80s, 90s or even 100, lead lives of passion and purpose. They take care of themselves, volunteer or are involved in clubs and church, and when it comes to their living arrangement, they simply want to be where life is easier, less complicated, and loved ones are nearby or accessible.
A recent blog I read from senior relocation specialist firm Caring Transitions had some interesting stats about seniors. For example, the US Census Bureau finds that people over 85 are now more likely to move homes than younger seniors.
85+ years: 8.4% moved
75-84 years: 6% moved
65-74 years: 5.9% moved
Note, research found that nearly 60% of older adults who moved to a new state relocated to a completely different region.
Why are seniors relocating? Top reasons include desire to be in a warmer climate, closer to family, they want homes tailored to their healthcare needs and places providing economic advantages.
The downside? 83% of people report that moving is stressful – not a shocking statistic but certainly one that gives people pause when considering a relocation. Luckily there are businesses, like Caring Transitions, that specialize in reducing the stress associated with relocation. Contact us for a list of other senior-related resources if you need them.
While many of my clients purchased homes over the years with the traditional 30-year mortgage, increasingly I see younger buyers opting for a 15-year mortgage. Why? It can help them build a bigger nest egg for later in life.
A recent Kiplinger article looked at the benefits and drawbacks. It noted that people in their 20s are dealing with student loans, marriage and children. Then in their 30s and 40s are facing obligations like college tuition and elder care. When they are in their 50s, many wish they had focused more on saving earlier in life.
For those who qualify, a 15-year mortgage can help reduce financial challenges that often persist through middle age. The most significant difference is the length of repayment and its impact on finances. Although a 15-year mortgage comes with higher monthly payments, it offers remarkable long-term savings.
Faster Equity Building: Paying off the mortgage in 15 years allows one to build home equity more rapidly, giving financial security sooner.
Significant Savings: Opting for a 15-year loan can save thousands in interest payments, making it a smarter financial choice over the long haul.
Early Mortgage Freedom: Be mortgage-free a full 15 years sooner, giving you the freedom to reinvest in other areas, such as stocks, bonds, or even additional real estate.
There are drawbacks including:
Higher Monthly Payments: A shorter loan term means a higher monthly payment, which can be challenging for some buyers to manage.
Tougher Qualifications: Some lenders may require higher financial standards to qualify for a 15-year mortgage.
Less Flexibility: With more income tied up in mortgage payments, you may have less flexibility for other financial goals.
Of course, homebuyers have to know what they can afford. The 28/36 rule is a great guide suggesting that no more than 28% of your gross monthly income should go toward home-related costs, with no more than 36% allocated to debts. And homebuyers should have three months of payments in reserve in case of a financial emergency.
The best advice I give any home buyer is to speak with a mortgage expert who can evaluate the situation and determine what mortgage best aligns with their personal goals.
It’s starting to show up in articles and in the newsbut what exactly is the Silver Tsunami?
“Silver Tsunami” is a term used to describe the demographic shift that is occurring as the baby boomers—those born between 1946 and 1964—age. This aging of this large generation is creating both opportunities and challenges for society.
It will have a profound impact on things such as:
Health care & long-term care costs
Social Security strains
Workforce shifts
Transfer of wealth
The Silver Tsunami will also have an impact on real estate. Baby Boomers are aging out of their homes and downsizing. As a result, many of their homes will hit the real estate market.
For homebuyers, the anticipated influx of homes could significantly affect housing supply. Since baby boomers are often looking to downsize and not buy another home after selling, the market may see more available properties, helping to balance supply and demand. This could ease competition for younger buyers, stabilizing home prices and creating more affordable opportunities for those looking to buy.
While the full effects of the Silver Tsunami may take several years to unfold, it’s expected to gradually increase housing inventory, which could help address the current shortage.
Want to know more, contact us here at Atlanta Seniors Real Estate. We’re happy to answer any questions you may have.
Now that we’re immersed in election season, many people ask me how the race and ultimate outcome could impact the housing market. Many of my baby boomer clients are reluctant to take action until they have a better feel for how their personal finances will be affected by this year’s presidential election.
Ultimately, I tell them that if they need to relocate or downsize, they should proceed. While finding space in a local senior living community may be fairly easy, finding a home could be challenging if inventory is low as people adopt a “wait and see” approach to selling.
Regardless of whether you’re looking to buy or sell a home, it’s important to understand how political changes can affect everything from mortgage rates to housing inventory.
1. Potential Changes to Mortgage Rates
The election can influence mortgage rates, as candidates’ policies on the economy, inflation, and the Federal Reserve play a role in shaping interest rates. If policies favor economic growth and stability, mortgage rates may remain low or stable, which benefits both buyers and sellers. Conversely, if uncertainty or inflation concerns arise, mortgage rates could increase, making it more expensive for buyers to finance homes.
2. Housing Market Regulations and Policies
New regulations or policies introduced by elected officials can impact the housing market. For example, changes in tax laws, incentives for first-time homebuyers, or new affordable housing initiatives could alter the demand for homes. These changes could benefit buyers by providing more options or financial incentives, while sellers might see shifts in market activity depending on how the policies influence buyer behavior.
3. Economic Confidence and Market Activity
The housing market thrives on economic confidence. A stable political environment can boost consumer confidence, encouraging more people to buy or sell homes. In contrast, uncertainty or economic concerns following an election could lead to a slowdown in the housing market as buyers and sellers wait to see how the economy will be impacted.
4. Local vs. National Elections
Local elections can also play a crucial role in the housing market. Local policies on property taxes, zoning, and infrastructure development directly impact home values and desirability. Buyers and sellers should keep an eye on local elections to understand how they might affect their specific market.
Want to know more?
While the impact of an election on the housing market can vary, being informed and prepared is key. Whether you’re buying or selling, staying updated on election outcomes and policy changes will help you make the best decisions for your real estate goals. If you’d like to discuss options, feel free to contact Atlanta Seniors Real Estate.
There are more than 72 million baby boomers in the United States. Many of these boomers find themselves in a challenging financial position — they are “house poor.”
House poor means they spend so much on their home that they struggle to afford other essentials, such as daily expenses, healthcare, and leisure activities. The general rule of thumb is that housing costs shouldn’t exceed 30% of one’s income. However, for those who are house poor, these costs are often much higher.
So, why are baby boomers specifically becoming house poor? A recent article on GoBankingRates.com explains some of the key reasons.
1. Resisting Downsizing
Many baby boomers have seen their homes appreciate significantly over the years and have developed a strong emotional attachment to them. In my experience, that along with the daunting task of cleaning out to downsize prevents many from making a move when it might be the best option.
2. Refinancing Instead of Paying Off the Mortgage
Another trend affecting baby boomers is their choice to refinance rather than pay off their mortgages. While refinancing can offer short-term financial relief or extra cash, it often leads to more debt over time and fewer resources to help one enjoy late life.
3. Reluctance to Rent Out Part of Their Home
Renting out a portion of a home can be an excellent way to offset costs. However, many baby boomers are reluctant to consider this option. For those struggling with home-related expenses, it can help make the home more affordable.
4. Dipping Into Savings to Keep the House
Many baby boomers dip into their savings to cover home-related expenses, which can be risky. I advise clients to consult with their financial advisor to determine whether the home is “affordable.” Seniors can also explore a reverse mortgage.
Finding a Solution: Assessing Your Options
To avoid becoming house poor, assess your financial situation and consider all available options. Ultimately, it’s about making sure the home works for retirement—not the other way around.
Consulting with a financial advisor can provide valuable guidance tailored to individual circumstances, ensuring a stable and enjoyable retirement. And, if you’re considering a move, contact us to help you get started.
The Federal Reserve’s half-point rate cut has many people wondering how they’ll be affected. What does it mean for mortgage rates and for homebuyers in general?
Lawrence Yun is the Chief Economist for the National Association of Realtors, and he weighed in on the rate cut. Yun says it is just the beginning of a series of adjustments expected to continue into 2025, with the next cut likely coming after the Presidential election. This move is driven by cooling inflation and slower job growth in recent months.
Mortgage rates, which aren’t directly controlled by the Fed but are influenced by its decisions, have already dropped by 150 basis this year. However, any further declines are expected to be minimal. The high federal budget deficit means large borrowing will limit the available capital for mortgage lending, reducing the impact of future rate cuts.
For homebuyers, the drop in mortgage rates has significantly boosted purchasing power. A buyer with a $2,000 monthly mortgage budget now has about $50,000 more to spend on a home compared to earlier in the year. Those who were previously priced out due to high rates might find themselves back in the market.
It’s a promising shift for buyers, but future Fed cuts may not have as strong an impact due to broader economic factors.
Many of the seniors I work with are at a point in life where they’re exploring whether to age in place, move in with family, or transition to a senior living environment where additional services are available.
The main concern with senior living facilities is the cost — it is sticker shock for many seniors and their families who see prices starting at $4K a month with many communities charging significantly more.
Families then begin to explore what assistance is available to help them afford it.
I recently read an article from the Council on Aging about whether Medicaid can help seniors with the expense of independent living. The short answer is no, though Medicaid may cover other services that are needed as part of the independent living arrangement. Specifically, seniors should understand when and how to apply for Home and Community-Based Services (HCBS) Medicaid waivers, or 1915(c) waivers. They can help seniors with disabilities remain independent by covering things like home health aides, personal care, housekeeping assistance, adult day programs, respite care, and case management.
You’ll want to check with your state to better understand how the waiver program work where you live.
As Social Security celebrates its 89th birthday, there’s growing concern about its future. According to the latest report, the reserves that fund benefits for 70 million Americans could be depleted by 2035. If that happens, benefits might be cut by 17% and that has many retirees worried about their financial security.
Should You Take Social Security Early?
According to a Rodney Brooks article on SeniorPlanet.org, many people are choosing to start their Social Security benefits as early as 62, fearing the money won’t be there later. Remember that taking benefits early permanently reduces them by about 30%. For those who wait until full retirement age (66 or 67, depending on when you were born), or even until 70, benefits can increase significantly.
Unfortunately, the fear of losing out is driving some to claim early, even when it’s not in their best interest. If you’re in good health and you can afford to wait, delaying benefits could lead to a higher monthly check for the rest of your life.
What’s Congress Doing About It?
So far, Congress has not taken decisive action to address Social Security’s looming shortfall. Some proposed solutions include:
Raising the income cap on Social Security taxes, which currently applies to income up to $168,600.
Increasing the retirement age beyond the current 66 to 67 years.
Means testing benefits, reducing them for individuals with higher incomes or assets.
So far, there hasn’t been action on these proposals which means the future of Social Security is uncertain.
As it stands, most Americans still take Social Security before reaching full retirement age. However, with the potential for future benefit cuts, it’s essential to plan carefully. If you’re under 50, it might be wise to consider other sources of retirement income, as the future of Social Security remains unclear.
Finance professionals will tell you that some the most volatile stock market days are those from September to Election Day (November 5th) so investors are buckling up for the ride. For American seniors, who may have a fixed or reduced income than in prior years, it can be particularly tough to watch investments and retirement accounts bounce around.
So, what’s the best way for seniors to ride out a bear market?
AARP offers some practical advice.
If you’re 50 and eyeing retirement in 15 years, stick to your 401(k) or IRA contributions. Bear markets average three-and-a-half years to recover, so keep investing regularly — you’re buying stocks at lower prices now to sell them high later.
For retirees, avoid withdrawing from stock funds during a bear market unless absolutely necessary. Withdrawing when your stock fund is down only compounds your losses.
Adopt a “bucket plan” approach. Put investments in three buckets – ultra safe (bank CDs & money market funds), moderate risk (bond funds) and high risk (stock funds). This strategy helps you weather the storm without locking in losses, keeping you prepared for the market’s upswing.
Use cash investments for withdrawals. You can replenish the cash or bond accounts when the stock funds recover.
If you’re concerned or have questions, consult a professional financial advisor who can help guide you the turbulent times.
You may have heard about a National Association of Realtors settlement recently. It includes changes in how real estate commissions are disclosed and negotiated with a goal of increasing transparency and fairness for homebuyers and sellers.
What’s it all about? Well, back in 2019, Missouri home sellers filed a class-action lawsuit against the National Association of Realtors (NAR), accusing it of antitrust violations that inflated commissions. A jury sided with the plaintiffs, awarding a $1.8 billion verdict against NAR.
To settle this and other similar lawsuits, NAR agreed to two key rule changes:
When listing homes on Multiple Listing Services (MLS), agents can no longer include the buyer agent’s compensation.
Buyers will now be able to negotiate and formalize their agent’s pay through a signed contract.
The settlement doesn’t do away with the traditional 5-6% commission split between listing and buyer agents, and NAR emphasizes that commissions were always negotiable. But the changes are expected to make commissions more transparent and competitive, as buyers will now be more directly involved in negotiating agent fees.
As one of the fastest-growing states in the nation, Georgia added over 116,000 people between 2022 and 2023.
With hot summers and mild winters, Georgia offers an appealing climate. But what about homeownership costs? Here’s an in-depth look at the real estate market and the costs associated with purchasing a home in Georgia.
Georgia’s Real Estate Market: Median Home Price (June): $389,000 (below the national median of $427,000)
Monthly Mortgage Payments: Example Payments (30-year loan, 6.8% interest, 20% down payment): Atlanta home ($434,460): $2,266/month Savannah home ($345,000): $1,799/month
Closing Costs: Average Rate: 1.3% of home price Median-priced home ($389,000): ~$5,000 Shared Expenses: Between buyer and seller Includes: Mortgage fees, inspections, appraisals Agent Commissions: May be paid directly by the buyer
Moving Costs: Hourly Rate for Movers: $101 Total Costs: Vary by distance and amount of items
Homeownership Costs: Maintenance: 1-4% of home’s value annually Median-priced home ($389,000): Up to $15,560/year Home Insurance: $1,965/year for $300,000 coverage Property Taxes: Vary by location HOA Fees: Vary by services and amenities
Strategies to Reduce Costs: Opt for a Smaller Property: Consider condos or townhouses Choose a More Affordable Location: Expand your search to include budget-friendly areas Ask for Seller Concessions: Negotiate for repairs or closing costs Monitor Mortgage Rates: Compare rates for the best deal
Next Steps: If you’re considering moving to Georgia, reach out to Atlanta Seniors Real Estate. Our expertise can assist you in navigating the market to find a property that suits your needs.
Last week’s storm system (Tropical storm/hurricane Debbie) brought record rainfall and flooding to the southeastern US. As residents begin the clean up, AARP updated a great article providing tips to help when you’re faced with storm clean up.
Wait for Safety Clearance Only return home when local authorities deem it safe. Ensure floodwaters have receded and roads are clear of debris.
Prepare with Proper Safety Gear Bring flashlights or battery-powered lanterns. Pack N95 masks and gloves to protect against contaminants. Wear closed-toe shoes, long pants, and long sleeves.
Inspect Exterior for Hazards Check for downed power lines, gas leaks, and structural damage. Seek professional help if major hazards are present.
Document Everything Take photos or videos of all damage before cleanup. Include every room, closet, cabinet, and drawer. Photograph items before discarding to aid insurance claims.
Contact Insurance Promptly Call your insurance company’s claims hotline as soon as possible. Provide detailed documentation of the damage.
Address Water Damage Clean stormwater residue using a wet/dry vacuum or mops. Use fans and open windows to dry out moisture. Remove and replace soaked drywall and insulation.
Clean and Sanitize Salvageable Items Use appropriate cleaning products for wood and solid surfaces. Wash soaked clothes immediately to prevent mold.
Discard Damaged Items Properly Group debris according to municipal waste guidelines. Check with local agencies for specific disposal methods.
Care for Heirlooms Use remediation services or dry out items yourself. Separate pages of wet documents and lay them out to dry.
Seal Off Home Gaps Use plywood or tarps to cover broken windows and gaps. Prevent further damage until permanent repairs can be made.
Hire Reputable Cleanup Crews Vet companies thoroughly and get multiple quotes. Avoid scams by reading reviews and checking credentials.
Reach Out for Help Seek assistance from friends, family, and disaster relief organizations. Contact FEMA and the American Red Cross for additional support
For more information on storm cleanup, visit the websites of the Centers for Disease Control and Prevention, the U.S. Environmental Protection Agency and the U.S. Department of Homeland Security.
A recent study published in JAMA Open Network reveals a fascinating link between pet ownership and senior cognitive health. Researchers found that having a pet can offer protective brain benefits for those living alone.
An article posted by Consumer Affairs reveals the study compared cognitive skills of older adults who lived with others versus those who lived alone with a pet. The results show that pet owners living alone did not experience faster rates of decline in verbal memory or verbal fluency compared to those living with others.
In addition to the wonderful companionship pets provide, the research suggests that pets might also help slow cognitive decline in seniors living alone.
How the research worked: -Data from 7,945 adults over the age of 50 -All were enrolled in the English Longitudinal Study of Aging -Over 20 years, they reported their living status including pet ownership -They also completed cognitive tests -35% owned pets and 36%+ lived alone
Pet owners living alone scored higher on cognitive tests than those without pets and that’s research that gives us all an additional strategy to improve the quality of life for yourself or a senior loved one.
As we age, the importance of insurance increases. Life insurance can be tricky especially for older Americans.
Yes, the cost increases with age, but many insurance companies today are accommodating of seniors. So, where do you begin to search for a good life insurance company?
NerdWallet, a company that helps people make smarter financial decisions based on reviews and analysis, is just out with top picks of companies offering term or whole life policies for seniors. They looked at numerous factors such as communication, website transparency, rates, consumer reviews, complaint index scores and more then revealed which companies landed at the top.
As with any list of “top picks”, it may provide a starting point, but do your own research to make an informed decision about your future of that of a loved one.
With the senior citizen population exploding, communities are stepping up to make life easier for older residents — especially when it comes to getting where they need to go safely and with less stress. These programs are particularly helpful for seniors who may have relocated to a new community and are unfamiliar with the area.
At least two Georgia counties have adopted new Uber/Lyft programs giving seniors discounted on-demand rides.
In Fulton, Starline allows members 60+ to pay $1/ride. They can get 16 rides (each up to 15 miles) per month — one round trip per day. There is a $15 sign-up fee.
In Cobb, seniors 55+ pay $2 for the first 15 miles then 85 cents per mile.
New senior transportation programs are popping up every week. Below are a few that we’ve heard about. Just clink on the links to learn more about them.
Also, check with your county’s Senior Services department which will have more localized information to assist you and, if you’re a veteran, be sure to ask about special veteran transportation services.
Naborforce, renowned for its on-demand assistance to seniors, is expanding in Georgia in response to the growing elderly population. The Georgia Department of Human Services says the state’s demographic shift mirrors national trends with thousands turning 80 every day starting next year.
Older adults access Naborforce’s network of vetted and trustworthy helpers, known as “Nabors,” for various everyday tasks. From companionship to errands, Nabors offer crucial support, allowing seniors to maintain independence and families to find peace of mind.
Founder and CEO Paige Wilson emphasizes Naborforce’s mission to bring joy and practical assistance to seniors, dubbing their service as “backup sons and daughters on demand.” Setting up assistance takes minutes, with Nabors available for tasks like walks, errands, tech help, and more.
Residents interested in becoming Nabors or seeking assistance can visit naborforce.com. Naborforce’s innovative approach combines technology with community strength, benefiting older adults and their families in Savannah and beyond.
Clients often come to me with questions about home insurance and how to best protect themselves in their new home. Questions have intensified over the past couple of years with increasing reports of wildfires, floods, hurricanes, tornadoes and a myriad of other risks that can damage property.
Understanding what’s covered and what’s not can save you from unexpected financial burdens. A recent Kiplinger article provides a good guide on the topic.
What’s generally covered:
1. Dwelling: Damage to your house and attached structures like porches or garages. 2. Other Structures: Damage to standalone structures on your property. 3. Personal Property: Reimbursement for damaged or lost possessions. 4. Loss of Use: Coverage for temporary living expenses during repairs. 5. Personal Liability: Protection against lawsuits for injuries or damages on your property.
Common Inclusions:
Natural Disasters: Most policies cover damage from events like hurricanes, fires, and snowstorms, including detached structures.
Contents: Home insurance typically covers the contents of your home, but evidence may be required for claims.
Temporary Living Expenses: Expenses like hotel bills during repairs are often included, though with limitations.
Liability Protection: Coverage extends to legal fees and medical bills for injuries on your property.
What’s NOT covered:
1. Floods: Standard policies don’t cover flood damage; separate flood insurance is necessary, especially in flood-prone areas. 2. Earthquakes, Landslides, and Sinkholes: Damage from these events requires additional coverage, especially in high-risk regions. 3. Water Leaks: Sudden leaks are covered, but damage from neglect or poor maintenance isn’t. 4. Mold: Unless caused by a covered peril, mold damage typically isn’t covered. 5. Valuables: Items like jewelry and collectibles may require additional coverage beyond standard plans. 6. Home Office Equipment: Business equipment may have limited coverage; additional endorsements may be needed.
Understanding your home insurance policy is essential to ensure you’re adequately protected against potential risks. If you’re unsure about your coverage, make a list of questions/concerns and contact your provider who can tailor your coverage for your needs.
Whether our clients are downsizing, have decided to age in place, or are moving to a senior living community, one thing is consistent – an increasing number of seniors are finding life is easier and they feel safer with new technologies.
One of the new favorites are voice command devices. They’re easy to use and can do so much to help make life easier.
Voice command devices are exactly what they sound like—devices you control with your voice. Whether it’s your phone or a speaker, simply ask a question or give a command.
Popular options:
Cell Phones: Smartphones like iPhones and Samsungs come equipped with voice-controlled personal assistants like Siri and Google Assistant. They can answer questions, add items to a calendar, send a text, and more.
Speakers: Apple’s Home Pod, Google Home, and Amazon Echo (powered by Alexa) are leading the pack, offering seamless voice control for a myriad of tasks from turning on lights, answering questions, setting timers and making calls. Many clients we work with appreciate the ability to use these speakers to easily call 911 or a family member in the event of an emergency at their home.
Why use them?
Simplify Your Life: Let technology do the heavy lifting. Control smart devices, set reminders, or even place orders—all with just your voice.
Peace of Mind: Stay worry-free with calendar reminders, home automation, and easy note-taking, all at your command.
Never Stop Learning: Get instant answers to questions, play games, or stay connected with family—all with a simple voice command.
>>Feel like you need assistance with incorporating technology into your home? Contact your county’s senior services department or visit a senior center near you. They often have resources or volunteers who are able to help.
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