More than 18 percent of Maryland residents are 60 or older. According to the Alzheimer’s Association, 1 in 3 seniors will be diagnosed with Alzheimer’s or another type of dementia. Seniors who need memory care in Maryland have a number of options. Narrowing down a long list and deciding which choice is right for your family can be challenging — especially if family members disagree about the need for memory care or are skeptical of a senior’s dementia diagnosis. If you’re hoping to transition a senior you love to memory care in Maryland, here’s how to navigate the many hurdles you face and find the perfect fit.
Most seniors say they want to age in place, remaining in their homes for as long as possible. They envision an idyllic retirement spent relaxing and perhaps getting periodic help from loved ones as needed. No one wants to think about the myriad difficulties that aging brings, such as osteoporosis, dementia, mobility impairments, and chronic illnesses. Yet sooner or later, age catches up to us all. Nearly 70 percent of seniors will need some sort of long-term care. This can make aging in place difficult. In one survey, about half of seniors reported needing help with one or more activities of daily living.
Seventy-two percent of adults say they feel stressed about money. Financial stress can erode quality of life and even lead to depression. For some people, financial stress actually undermines their ability to buckle down, make a plan, and start saving. The right plan can help you steadily work toward the retirement of your dreams. Before you devise your retirement plan, you need a realistic portrait of the expenses you can expect as you age. Here’s what to consider as you move closer to your golden years.
Budgeting for senior care can feel daunting. Caregivers may worry about supporting a senior loved one while also tending to the financial needs of their own families — never mind the endless challenges of saving for retirement and planning for the future. Seniors are often on limited budgets, trying to stretch modest savings and small Social Security checks as far as possible. No wonder so many families avoid discussing the realities of budgeting for senior care.
Retirement planning. It’s a phrase that sends many people into a panic, especially if they’re approaching retirement without enough savings. At cocktail parties, you might joke about working until you drop. That’s not a realistic option, and certainly not a good way to spend your retirement. You’ve worked hard your entire life. You’ve earned the right to retire in comfort. But how much do you need to do so? Many people approaching retirement can only answer with a vague number, or “a lot,” or “more than I have.”
As a senior, golfing regularly may be able to keep your doctor away better than any apple. Okay, maybe not quite as well (and you still need to go to the doctor), but it’s pretty close. Here are just a few ways in which playing golf can improve your life. Increased Life Expectancy: Golf appears to offer an effective cocktail of socializing, moderate exercise and nature, all of which has been shown to increase life expectancy by up to 5 years compared to non-golfers. Provides moderate cardio outdoors: Golfers typically walk over the course which means that most likely, you'll be walking a lot! Whether you're walking or taking the golf cart, spending an afternoon out on the green is a fun way to get the exercise that you need. Reduced stress and anxiety: Golfing outdoors has been proven to help people relax and reduce their anxiety, so you come home reenergized and with a clear mind. Sounds pretty good, right? And it’s not just speculation. There’s good, hard science to back it up. Below, you can see a visual run-down of some of the ways your golf game contributes to your health, and if you’d like to see some of the more detailed science, you can learn more about the benefits of
Golf for Seniors and how to get started at
Nearly 60 percent of Americans have no will. Although older Americans are more likely to have wills, sometimes those wills are old, outdated, or incomplete. Estate planning — the act of drafting a will and deciding what you want done with your assets when you are gone — can feel morbid. Perhaps you’ve avoided it because you don’t want to acknowledge the reality that awaits us all. Or maybe you're not sure where to begin.
Senior retirement planning can feel daunting, especially if you haven’t started saving, are worried you haven’t saved enough, or earn a small income that makes saving for retirement difficult. Seventy-eight percent of Americans say they are “extremely” or “somewhat” concerned about saving enough for retirement, and one in three has saved less than $5,000.
In the popular imagination, retirement marks the end of a person’s income generation. The reality is that many seniors continue to have a healthy income well beyond their last day of work. Understanding retirement income, how it works, how it’s taxed, and how to get more of it can help you plan for a brighter financial future.