Redefining yourself after retirement is not as difficult as you might imagine. By maintaining a youthful attitude, joining a cause, exploring your dreams, increasing your knowledge, considering your options, remaining active, staying connected, appreciating ourselves, changing your image and partially disengaging from work force, you can redefine yourself.
The National Retirement Risk Index (NRRI) showed that 51% of households are at risk of not being able to maintain their standard of living in retirement. According to the Center for Retirement Research at Boston College report, the NRRI jumped from 7% from last year due to:
With the economy in the state it’s in today, more and more people are being faced with the possibility of foreclosure. Many people are finding their mortgage payments harder to make each month, and this is especially true for seniors. Many seniors rely on their retirement funds or Social Security benefits to help pay their mortgages, and those accounts sometimes just aren’t enough to keep up. There’s nothing more disheartening than having a home that you’ve worked for years to pay off pulled out from under you.
The National Council on Aging and The MetLife Mature Market Institute have recently released a study that carefully looks at home equity and reverse mortgages for seniors. This is important information for any family considering a reverse mortgage in Los Angeles, CA. Please take the time to download and read this material!
Reverse Mortgages for Seniors in Hollywood and N Hollywood CA: As Medicare and Social Security Trust Funds Deteriorate, Now is the Time to Think Ahead!
From the New York Times: http://www.nytimes.com/2009/05/13/us/politics/13health.html?_r=2&hp
WASHINGTON — Even as Congress hunted for ways to finance a major expansion of health insurance coverage, the Obama administration reported Tuesday that the financial condition of the two largest federal benefit programs, Medicare and Social Security, had deteriorated, in part because of the recession.
Doug Mills/The New York Times
Treasury Secretary Timothy F. Geithner, with, from left, Michael J. Astrue, the Social Security administrator, Kathleen Sebelius, the Health and Human Services secretary, and Labor Secretary Hilda L. Solis, discussed the financial status of benefit programs.
