One of the indisputable facts of life is that we always get older. Before we know it, we are aging more rapidly than we might think. This means turning our attention to take all necessary means to make life as easy for ourselves as possible in our golden years. This could mean pre-emptively taking care of a relative or our parents. When their work is done from a long and satisfying career and they have nothing but retirement funds to take care of and look forward to, it can be a freeing, relaxing and reflective time.
An elderly person is not a fragile pet to be taken care of. Often, they are stronger than any of us know. After all, they have the most experience out of any of us, and have likely been around the mill a few times. Still, you’d be remiss to forget the importance of setting up later life in a favorable way. This isn’t tantamount to wrapping your relative in bubble wrap, but it does mean making the right decisions to ensure everything is set up for them.
When you enter into elderly life, this will give you the tools and wisdom to provide yourself a platform of love and support to enjoy your golden chapters year after year.
Reverse Mortgage Home Equity Loans
Retirement income is often smaller than working income. If you are worried about the reality of having less money when you retire, accessing the equity in your home can relieve some of that concern. A reverse mortgage, also known as a mortgage for retirees, will provide you with extra money to use for anything you like to make your retirement easier, such as paying medical costs or utility bills.
A reverse mortgage calculator can use specific government formulas and current market values to assess your home and determine how much cash you can access via its equity. By taking out a reverse loan you can avoid repayment for several years, although interest will be accrued during that time. You can also continue to live in your home and own it without the default worries associated with standard mortgages.
There are a multitude of providers out there who offer reverse mortgages, so it is best to sit down with your family and discuss the options available and then choose a reputable firm that will come to your home and explain the process to you and your family and answer all your questions – with no pressure to decide immediately. This gives you the time to weigh the pros and cons for you and your family.
Empty The Home
This might sound extreme, but bear with us. It’s likely that over the course of a lifetime, the homestead of your elderly relative has been filled with many different belongings. This might be junk, items of sentimental value and items that would otherwise be in the attic until their final days. What good are these items if not used? Sentimental items will always get a pass of course, but it pays to bring down all of these items and present them to your relative, with the intention of selling as much as possible. This might help them fund retirement plans such as a beautiful cruise around the Mediterranean, or simply afford a better class of retirement care.
Of course, don’t be so intense in your willingness to sell your relatives items. If they genuinely dislike seeing something go, respect that decision. They might be holding onto it for its antique or emotional value, or it might even be part of your inheritance.
However, no one could argue the value of bolstering your relative’s income, even if it helps them pay for a trustworthy cleaner once a week. Remember also that this money will become theirs and theirs alone, despite your efforts helping to sell it. This is something you do out of love and compassion, not for a monetary reward.
This also serves a double benefit, as prioritizing the belongings in a certain household allows you to bring the important items downstairs where they can access them. At a certain age, heading up the ladder to the attic is less likely, but having items that celebrate their life well presented around them is a lovely touch they are sure to appreciate with all of their heart.
Ensure Medical Aid
It can be very worthwhile to ensure medical aid is given to your relative. This doesn’t mean submitting first aid on them yourself, but rather setting up their surroundings so help is available if they ever need it. For example, it could be that purchasing a medical pill separator with the days of medication clearly defined and labelled could offer you a massive increase in peace of mind, knowing that your relative will be less likely to accidentally take a large dose, or to forget their medication entirely.
It doesn’t end here however. There are many methods of ensuring your elderly relative’s happy latter years in comfort, not only happiness. Part of this is emphasized by peace of mind. Your relative is not stupid. They understand they are a little older. They understand that they might need some extra medical aid, and that sometimes regular trips to the Doctor might be necessary. They also understand that their capabilities might not be as strong as they once were.
Of course, you cannot watch over them 24/7. They might even find this insulting, as no one enjoys feeling like they are getting in the way or being a nuisance. For that, you should try and purchase an ATC Alert from this website. Put simply, these devices are connected to the appropriate medical personnel. One press of a button in an emergency situation, such as falling over or feeling faint, can instantly put them through to support staff who help them work through their options.
From there, specialist medical personnel can be sent to the household to oversee a difficulty. This can be wondrous, as sometimes calling the emergency services is much more difficult than we might assume for an elderly person. This can be a great way forward for everyone, and allows your elderly relative peace of mind, knowing that in the worst of times they will have someone qualified watching over them.
The technology you choose to gift your elderly relative is worthwhile to pin down and explore. We all know that our vision is limited as we age, and this can prevent us from adequately using a mobile phone. It might be worth using telephone implements with large buttons to allow for the elderly relative to contact you with ease. Of course, sometimes this is not necessary, and simply helping them get up to speed with social media is the best way forward.
For example, helping them set up a Facebook, teaching them the basics of how it’s used and helping them add their old friends as Facebook connections can help them feel part of a network. When it comes to the golden years of a person’s life, having this period of time dedicated to connecting and reminiscing with folks they love can mean all the difference.
Not only that, but it will allow them to see your movements online, which can mean plenty to them. Simply commenting something encouraging on one of your photos can make their day, as can spending the time to instant message them when you’re away. Technology has power to connect people, so why not allow your elderly relative to enjoy the benefits of this, even if they do need a little tuition?
With these tips, you can be sure that your elderly relative’s golden years are well prepared for.
Disclosure – I have teenagers who constantly need something and a husband who thinks items like race cars and boats are toys. So, throughout the blog you will find affiliate links that enable me to buy a bottle or two or three of wine to keep my sanity intact.