Home Equity and the Retirement Crisis

The constant consternation played out by retirees over the Home Equity Conversion Mortgage (HECM) is bewildering. People choose to struggle in retirement by completely ignoring the fact that they have equity in their home. Unlocking the equity in the home can greatly benefit the homeowner and make it possible to “age in place” more comfortably. A recent AARP Survey concluded that 76% of older adults prefer to age in place. Ultimately there is an impending

A Guiding Light at the End of Life

Exploring the unique role of social workers in hospice. March is Social Work Month, a period for recognizing the 680,000 social workers who empower and advocate on the behalf of vulnerable individuals and communities all over the country. VITAS® Healthcare understands the value of their contributions intimately, as each VITAS hospice team is staffed with a social worker to ensure that the needs of patients and families are met—a model that has proved beneficial since

Is Paying your Property Tax Bill a Hardship?

Senior Citizens having trouble paying real estate taxes can apply for the Senior Citizen Tax Deferral Program. This program allows qualified Illinois residents to defer up to $5000 of the property taxes on their personal residence, giving seniors the financial freedom to remain in their own home. Deferred taxes are repaid with low interest when the property is sold or following the taxpayer’s death. Qualifications: Be 65 or older by June 1st, 2018 Annual household

Home Equity and the Retirement Crisis

The constant consternation played out by retirees over the Home Equity Conversion Mortgage (HECM) is bewildering. People choose to struggle in retirement by completely ignoring the fact that they have equity in their home. Unlocking the equity in the home can greatly benefit the homeowner and make it possible to “age in place” more comfortably. A recent AARP Survey concluded that 76% of older adults prefer to age in place. Ultimately there is an impending

My Parents are Aging and Need Help now what?

Many of us work all our adult lives waiting for retirement to travel, enjoy life with our spouse or significant other, spend time with family and to be able to do all the things that were sacrificed because we had to work. Unfortunately, this scenario does not always play out as we envisioned it. There are many unknowns that pop up when we least expect them. Maybe your health is declining, maybe you have become

To Everything There Is a Season

The 1965 hit by the Bryds, Turn, Turn, Turn – could not have said it better… “There is a season and a time to every purpose… ”Although this folksy song was during a time of war – it was about inner peace and reflection. It poetically speaks to all of us at some point in our lives. Perhaps none more so then when we are approaching retirement and we decide where we should live as