Boomer women have the tendency to be independent by nature, but in many relationships between people in that generation, the men still found themselves responsible for the financial management. This can result in a number of mistakes by boomer women when it comes to managing their finances that need to be overcome to secure their future in retirement:

1. Some boomer women expect they’ll receive an inheritance – women who are fortunate enough to still have parents alive, might expect that at the time of their passing, they will receive a large enough inheritance to carry them through retirement. There are no guarantees if boomers will receive an inheritance at all, and if they do, they may not know if it will be enough to finance their senior years

2. Reliance on a spouse – many women allow their spouse to control all aspects of finances and also assume that their loved one is effectively planning for their retirement. Both partners should be involved in financial management, or at least have an awareness

3. No planning for women on their own – boomer women might assume that their spouse will be with them forever. But death or divorce can change this, and women need to make sure they have their financial ducks in a row so they can survive on their own

4. Expecting a man to save the day – some women on their own have the “prince charming” attitude and are waiting for a man to sweep them off their feet and fill up their bank account

Via: Let Life In

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Home Care Central Phoenix and Home Care Greater Phoenix provides elder care and senior care in Phoenix. Call us today at 623-583-5868, 602-265-8228 or 480-991-3959.

Retirement doesn’t look like it used to; long gone are the days where seniors had the opportunity to claim Social Security around the age of 65 and put their working days behind them. Today, seniors are working into their 70s, 80s or 90s, because retirement just isn’t what it used to be and here are the factors that contribute to the changes that keep seniors in their careers later in life than ever:

• While the average age to claim Social Security Benefits is 63.9, many need additional income on top of it to be able to afford basic aspects of daily living, like housing and food

• Many seniors would love to retire and just focus on their family and relaxing, but based on the numbers of seniors aged 65 and older which are rising higher than ever before, this isn’t a reality for everyone. The number of older works, aged 80+ has had the most substantial increase at 67% to 500,000 Americans

• With people living longer, money doesn’t go as far as it used to, and as time goes on this might increase even more, keeping more and more seniors in the workforce longer than planned

• Government benefits, which were initially defined in 1940 certainly weren’t designed to support 30 or more years of retirement, which means seniors need a fairly substantial nest egg to make it through

Via: AARP

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Home Care Central Phoenix and Home Care Greater Phoenix provides elder care and senior care in Phoenix. Call us today at 623-583-5868, 602-265-8228 or 480-991-3959.

Some places come with a more stressful quality of life than others. If you’re considering a move from your Phoenix home to another part of the United States; there are a few things to evaluate to determine if your retirement will be enjoyable and stress-free.

1. Population and crowding – consider the population density in the area. The more populated it is, the more likely it becomes that there can be crime, petty problems between neighbors, and other factors that can influence your overall quality of life. If you’re looking for a quieter retreat where you can relax in privacy, avoid cities like Chicago (ranked the most stressful place to live) where crowding is high.

2. Employment – even in retirement, the level of unemployment in your area can affect your quality of life. You don’t need to be in the workforce for it to have an impact! Unemployment rates attest to the overall state of the economy.

3. Air quality and weather – the air quality can affect your overall health, which greatly impacts your quality of life, as well as your finances. Also choose a climate that brings you the most enjoyment.

4. Home values – with rising interest costs and decreasing home values, it can be a worry that you might lose your home in older adulthood or find it unaffordable. Low home values can also mean little equity when it comes time to sell. Choose a place to live where home values seem to be higher and holding strong.

Via: Yahoo! Real Estate

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Home Care Central Phoenix and Home Care Greater Phoenix provides elder care and senior care in Phoenix. Call us today at 623-583-5868, 602-265-8228 or 480-991-3959.