Five Things to Know about Credit Cards for Seniors

Credit cards are a convenient way to pay for one’s expenses. But when it comes to credit cards for seniors, there are five things seniors should know.

Why should seniors keep a credit card

Even though seniors face a limited budget and may need to reduce their monthly spending, it is not advisable to cut the plastic out if their life. Keeping a credit card as a senior ensures unexpected, high expenses e.g. medical bills can be covered quickly. It helps remain flexible and be prepared for emergencies. Credit cards also help make the most of the retirement. They are an easy-to-use, handy tool for covering e.g. travel expenses or online purchases. (more…)

Does caregiving affect job performance?

It is undeniable that being a caregiver is a stressful and demanding job. Yet the number of people taking care of their aging parents while having another job has risen dramatically over the last few years. Especially the „sandwich generation“ suffers from the emotional burden of caring for both their children and parents.

Studies have shown that caring for an aging parent may lead to decreased mental health resulting in lower work performance. However, no previous studies has identified why some caregivers experience negative work-related outcomes whereas others don’t. A recent study conducted in Queensland, Australia, has now proven a direct link between eldercare demands and job performance.

Filling the Unscheduled Time in Alzheimer’s Caregiving

Alzheimer’s was a hot topic in September, with the debut of #TalkAlz – a brand new chat, World Alzheimer’s Month, Alzheimer’s Action Day, World Alzheimer’s Day, thousands of Alzheimer’s Association-sponsored “Walk to End Alzheimer’s” events occurring nationwide, new research updates on connections between diabetes and dementia, and so much more.

And — a new book is out: Alzheimer’s Disease and Other Dementias: The Caregiver’s Complete Survival GuideAuthor Nataly Rubinstein, a geriatric care manager and licensed clinical social worker, shares from her 26 years of personal and professional experience (she cared for her mother, who had dementia, for 16 years), offering advice on combating what she calls the ‘Let me do it for you, Honey’ syndrome (the technical term: premature dependency). (more…)

New Senior Housing Report Offers Insight to Investors

Still a rather new investment class, senior housing data on deals and transactions has been largely difficult to obtain for those outside of the major commercial real estate industry.

But last week, that changed, per this article from National Real Estate Investor Online.

In Washington, DC, researchers released a report “designed to provide investors with comprehensive transaction data on seniors housing and nursing homes” at an annual conference sponsored by the National Investment Center for the Senior Housing & Care Industry. (more…)

Evaluating Assisted Living Care: 10 Questions to Ask

Be a smart shopper when selecting an assisted living facility. Not only will the transition be of significant impact on the person(s) moving, but the cost of care is quite high. Ensure you and those involved are making a sound investment and a wise choice; consider these “fine print” questions and ask them when visiting assisted living or talking to an admissions coordinator on the phone: (more…)

Guardianship & Patient Advocacy Protects Elders, Prevents Abuse

Elder abuse is on the rise, affecting Hollywood legends, your beloved relatives, your neighbors. And as long as there are people in the world motivated by malicious intentions, selfish desires, and a general lack of morality/conscience, there will sadly be more cases of elder abuse.

That’s why the world needs more people like Patricia Maisano.


Assisted Living Industry Aims to Reduce High Turnover Rates

Sooner rather than later: that’s the philosophy emphasized by assisted living marketers currently battling high turnover rates, as per this Senior Housing News article.

Making the transition from living independently to an assisted living residence is difficult for most seniors, no matter how positive the impact of more care and assistance may be. Consequently, ALFA (Assisted Living Federation of America) spokesperson Jamison Gosselin recommends industry sales & marketing professionals focus on “all the ways it [assisted living] can improve the life of the senior.”

Besides the challenge of the transition process, the still unstable housing market and the high cost of assisted living (average cost: $2,575/month) are two of the biggest obstacles impeding entry to assisted living communities, says Jim Janicki from Virginia-based Riverside Health Systems.

These concerns weigh on the minds – and wallets – of the seniors and their adult children, often at the expense of the assisted living facility (and eventually the families themselves). Says Janicki, “Delaying too long means a shortened stay in assisted living, as residents must transition into facilities better equipped to provide higher levels of care.”

Currently the median annual resident turnover rate is 46.8 percent; in 2009, it was 42 percent, according to the 2011 State of Senior Housing report. Janicki estimates an average of $4,000 in costs per residence for each turnover.



This article originally appeared at

CDC Recommends Flu Shot for Seniors

Michael Gelder of the Illinois Department on Aging concurs with the CDC’s advice, citing the vaccine as “seniors’ best defense” against the flu, particularly during this time of year and given the fragility of older adults’ immune systems, making it more difficult to fight any contracted illness. He also recommended seniors check with their physicians regarding a recommendation for the pneumococcal vaccine.

Seniors who got a flu shot last year should still get it again, since the new formulation will offer better protection overall, in addition to warding off new strains of influenza.

Typically, seniors can visit clinics, hospitals, pharmacies, local health departments, and doctor’s offices to get the flu shot. Often, independent livingassisted living, and other senior care communities will set up flu shot clinics in their facilities too, providing protection for staff and residents alike.

To learn more about why the vaccination is important, or to understand the risks/possible reactions, check out the CDC fact sheet.



This article originally appeared at