D-I-Y Together: Family-Friendly Home Improvement Projects

shutterstock_261027773Your home is special. For years, your family gathered within its walls to celebrate holidays, happy moments and more. You can preserve your home, and the memories made there, by making improvements that can be enjoyed for many generations to come.

Give Your Home a Fresh Coat of Paint

The color of your home gives your house its unique charm and character. If your home’s exterior paint has seen better days, it might be a good idea to repaint. Paint technology has improved over the years and today many paint colors are guaranteed to last longer than ever before. Today’s paint is engineered to last for decades and many paint styles offer protection from cracking, bubbling and peeling — without harsh chemicals. It might seem wise to pay for a cheaper brand of paint, however, spending a little extra for quality paint can reduce long-term costs. Sherwin Williams offers a wide variety of paint styles and colors that are specially made for certain materials, from wood to concrete.

While many people choose to hire a professional painting service, painting the house as a family can be a wonderful bonding opportunity. Roundup the grandkids and cousins and have them sand, wash and paint the house. It’s wise to give someone the role of “supervisor.” Make sure to give this title to a family member who’s responsible and has the time to oversee the painting project. It’s best to start this project in the spring or summer. If it’s damp or wet outside the paint will not adhere correctly.

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TourBar.com Releases Senior Travel Stats

Tourbar.com, a growing traveling technology service, today is releasing statistics on where single senior citizens are traveling to and why.

Senior gypsies or silver nomads are some of the names being tossed around.  However, age is no longer a barrier to travel. More and more seniors are renewing their passports and heading to the far reaches of the planet. 

But where are seniors traveling to these days? And why do seniors travel?

The statistics are based on research collected from 130,000 members users from over 180 countries.

When asked what members are looking for when they travel, the top three responses included:

  • Making new friends
  • Experiencing an adventure
  • Finding a soul mate

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Preventing In-Home Falls

Alan WuBy Alan Wu, Bay Alarm Medical

Home emergency preparedness plans are typically executed within the context of natural disasters like earthquakes, or man-made ones, like house fires. According to the U.S. Fire Administration, there were an estimated 1.3 million house fires in the United States in 2012. Though it may seem like a large number, this is less than one percent of the U.S. population.

While the importance of these emergencies cannot be understated, other emergencies need to be discussed when creating plans. More common in-home emergencies, like falls in the home, are widely ignored in both discussion and planning. The CDC reported that one out of three seniors suffers a fall each year. With seniors accounting for 13 percent of the US population, the likelihood of a senior fall affecting your family is much greater than that of a fire. 

While making changes in order to prevent falls may sounds like a large undertaking, there are a few proactive and simple life changes that will reduce the risk and ensure piece of mind from seniors and their children.

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Redefining Retirement is a National Challenge

By Bill Zinke

The American concept of a “retirement age” of 65 was established in 1935. That was 80 years ago (almost as old as I am), and since then the thinking about when people should retire hasn’t evolved along with the times.

While peoples’ work interests can change as they age, the notion that people 50 and older (50+) have lost their value in the workforce is an erroneous assumption. This mindset needs to shift, and the best way to do this is for people 50+ to form a dedicated community to redefine retirement.

Today, every baby boomer in the U.S. is 50 years of age and older. People 50+ account for a third of the country’s population, a group of more than 109 million individuals that is increasing by thousands every day. Research shows that many in this group don’t want to stop working when they reach what we’ve been conditioned to think of as retirement age.

In 2014, Merrill Lynch co-sponsored a study of more than 7,000 pre-retired workers 50+; 72 percent said their ideal retirement would include working, a majority for non-financial reasons. Studies conducted by the MacArthur Foundation and Harvard School of Public Health indicate that people 50+ who continue working enjoy better health, indicate greater satisfaction with life and live more than four years longer than those who don’t.

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How to Create Your Private Pension Plan

wedding photographyBy Bill Demaree

Unfortunately, pensions are largely a thing of the past, placing more responsibility on individuals than ever before. So we must be smarter about our money. 

Cash was king. Now income is king. Rightfully, people are scared about running out of money in retirement.

Securing steady retirement income – and peace of mind – requires a shift in financial thinking from an accumulation mindset, to one of preservation. Even “accumulation-style” assets like stocks, gold or silver, must be converted to income.

The purpose of money dictates where you put it. So if your money aims for peace of mind through steady income, create your own private pension plan.

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Identity Protection, Monitoring and Restoration Eliminate Seniors’ Online Vulnerability and Stress

iTOK, a U.S.-based technology advisory company that helps seniors get the most from their Internet-connected devices, introduced iTOK Total Protection today. iTOK Total Protection is an all-encompassing identity protection service which includes anti-virus, data backup, firewall and identity monitoring, lost wallet assistance, and identity restoration. This service shields seniors from an ever-increasing number of online fraud scams, many of which view vulnerable seniors as the primary target, and removes the burden of frustration should their online or real-world identities be compromised.

“The freedom and lifestyle benefits available to seniors in our increasingly digital world grow richer every day,” said Seth Bailey, CEO and co-founder of iTOK. “iTOK Total Protection makes it easier and safer than ever to reach out for them. Arming our members—and all seniors—with the services they need to prevent and minimize identity fraud is our priority.”

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Achieve Financial Independence by Understanding Your Household Cash Flow

By Dr. Stanley Riggs

Building wealth and achieving financial independence is like losing weight or quitting smoking. It is simple, but not easy. The first requirement of building wealth is to know the difference between assets and liabilities.

Assets put money into your wallet, preferably each month. They will feed you even if you are not working. Examples of assets include income-generating real estate, dividend-paying stocks and interest-paying bonds. As an asset class, investment real estate has the advantage of providing rental income, appreciation and other tax advantages.

Liabilities take money out of your wallet, usually monthly. They will eat your income even if you are working. The most common liabilities are credit cards with outstanding balances, consumer loans, home equity lines of credit and home mortgages. That is correct, your home mortgage is actually a liability to you and an asset to the mortgage holder since it takes money out of your wallet and puts it into the banks pocket every 30 days. If you were to lose your job, this liability would be the one that would eat your savings the fastest.

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