Resources
Content with Target Audience Older Adults .
Resources
Tips to Avoid Foreclosure
When we fail to make our mortgage payments, foreclosure may occur. Foreclosure is the legal means that a lender can use to repossess, or take over, a home. When this happens, we must move out of our home. If our property is worth less than the total amount we owe to the bank, a deficiency judgment, which is a ruling made by a court against a borrower who does not have enough funds to pay back their loan, could be pursued against us. If that happens, we not only lose our home, but we also then owe our lender additional fees. Both foreclosures and deficiency judgments could seriously affect our ability to qualify for credit in the future.
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Practicing Mindfulness as an Older Adult
There’s no question that caring for our physical health is one of our most important concerns as we age. But maintaining physical wellness comes with concerns and sources of stress that can leave us feeling worse for wear. Whether it’s a disheartening doctor’s appointment or worries about flu season, our stress can start to impact our overall wellness, and the strain on our mental health can put strain on our physical health. But how can we cope with stress, when it feels like such an inescapable part of daily life?
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Sunday Self Care with David Bass
Dr. David Bass, Senior Vice President, Senior Research Scientist and Director of the Center for Research and Education at Benjamin Rose Institute on Aging, discusses resources for older adults and caregivers with Rabbi Brown of Temple Israel Akron.
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Foreclosure Prevention Plans: Why Every Homeowner Should Have One
Preventing avoidable foreclosures helps keep families in their homes, preserves communities and prevents avoidable loss of housing. Creating a foreclosure prevention plan with the help of a HUD-approved housing counselor can provide assistance to struggling homeowners, with the goal of helping them keep their homes whenever possible. Â
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Tax Tips for Older Adults for the 2019 Tax Season: Understanding Qualified Medical Expenses
While most people agree that it’s hard to look forward to the paperwork and headache of tax season, for older adults managing medical bills, taking advantage of tax deductibles can be financially beneficial. According to a National Bureau of Economic Research study, Medicare, Medicaid, private insurance and other government programs on average will cover about 80 percent of an older adult’s healthcare costs; however, this leaves 20 percent of costs financed out-of-pocket, and for older adults who are from low income households, retired or on a budget, this can take a huge bite out of their savings.
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