1.Outline some housing options for retirees and explain how retirees can avoid retirement housing traps.
Retirees have many housing options. Retirees should stay away from housing traps which force them to leave at a certain place. Retirees should find housing which is affordable to them. They should also pick housing according to their health issues. Retirees are able to pick housing based on the things they enjoy doing and their health needs.
Seniors can choose from independent living homes. Independent living is for seniors who can provide and take care of themselves. Independent living would not be good for seniors who have medical problems. For example, Mary have several medical conditions which causes her to need medical care. Living in an independent living place would not be for Mary because she can’t take care of herself.
There also are assisted living housing for seniors. Assisted living housing is for seniors who need to depend on someone else. Assisted living is more expensive than independent living. According to the book, “independent living cost around 1,168 to 2,234 per month while assisted living housing cost about 2,703 to 4,177 a month (Hughes, 2009, p.578).
Seniors and their families may chose a nursing home as an option for living. Nursing homes usually help assist people with medical needs. For example, Mary decided to leave in a nursing home because should could not cook and take care of herself. In order for seniors to avoid housing traps they should do their own research. During their research allow seniors to get information before they are trapped in a home. In order to avoid different traps they may contact the State’s tax department and their local Chamber of commerce. These are several ways seniors...
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... from the deceased. My mother-in-law received a check from an insurance company after her husband passed away. I noticed that before she received her check taxes was already taken out. According to the law, the policy left to individual is non-taxable but one that is left to the estate or the executor of the estate is taxable (ezinearticles).
The four types of estate to consider: estate taxes, estate and trust federal income taxes, inheritance taxes and gift taxes. It is better to pay the taxes because it can lead to tax evasion. Tax evasion is illegal and can lead up to fines and penalties. For example, when you sale a used car to a family member they must pay taxes on it. Planning your estate requires you to pay taxes. You cannot avoid taxes because you risk prison time. “Tax evasion is the use of illegal methods to reduce or escape taxes” (Hughes, 2009, p. 632).
We must contact our state congressmen to remind them and tell them what we want. In conclusion, we have determined that the housing crisis that the United States faces today is a huge problem. We have discussed the striking similarities between the Great Depression in the 1920s and 1930s and today's problem. And I have presented my solution to the problem and how I think it should be prevented in the future.
The Canadian population is graying at a steady pace, adding thousands of seniors above the age of 65 in the population charts year after year. This segment of the population needs special attention due to its social, emotional, health, and dwelling needs. Continued growth in the size of aging population is putting pressure on the economy, health care system, and living space for seniors. Planners and policy makers need to pay immediate attention to the issue as it is going to affect all Canadians in the years to come.
Although prices vary, the basic charge for a double-bed room in a typical nursing home is in the range of $20,000 to $50,000 a year. Homes in rural areas tend to be slightly less expensive than those in cities. The costs of medications and physician visits are not included in the basic charge. Also, special treatments such as physical, occupational, and speech therapy often add to the cost. There are also possible additional charges for drugs, laundry, haircuts, and extra services.
Long-term health care consists of personal medical, and social services rendered to elders with chronic indispositions. These types of services are carried out through several different means, such as nursing homes, home health care, and respite care. The focus on long-term care is to provide an environment assisting with treatments plans, personal up keep and rehabilitation. As the largest part of our growing population reaches retirement age, several new questions and issues have arose. Financially, long term health has is an ever growing concern of the elder population and those who have accepted the financial burden. A large portion of the economy struggles with the cost of the ever rising prices of health care. The economy has been hindered with financial difficulty and it has had several implications on the ways we spend our money. For some of the baby boomers, it has left them with no choice but to continue to work in order to provide. For others, it has left them no option but to live with family members or seek assistants elsewhere. Income has evolved into a stressor for elders planning retirement.
Taking care of the individuals that are getting older takes many different needs. Most of these needs cannot be given from the help of a family. This causes the need of having to put your love one into a home and causing for the worry of how they will be treated. It is important for the family and also the soon to be client to feel at home in their new environment. This has been an issue with the care being provided for each individual, which has lead to the need of making sure individuals have their own health care plan.
Consider the validity and effect of the following two clauses in the will of Dan: a) ‘I leave my cottage, at 42 Drumsesk Road, to my friend Gurpreet in full confidence that he will dispose of it in accordance with the instructions given to him during my lifetime’. Just before Dan signed the will, he told Gurpreet that he had left a ‘sum of money’ in the will to Gurpreet which he wanted him to hold for the benefit of Jenny. Gurpreet witnessed the will. Jenny died two days before Dan leaving two children. b) ‘I leave my residuary estate to my brothers Ken and Sam jointly’. A few days before the execution of the will Dan gave Ken a sealed envelope, saying ‘these are some instructions I want you and Sam to carry out when I die’. Ken replied ‘you know you can rely on me – if it’s fine with Sam it’s fine with me’. A year later Sam and Dan were killed in a car accident. The sealed envelope says that Dan wanted his residuary estate to pass to his youngest son Joseph. Advise the executors of Dan’s will.
With the aging population growing faster every year many families must make a difficult decision whether their loved ones should live in assisted living or nursing home facilities. I can relate because I made the decision to care for my mother at my home. Some people do not have the money or resources to care for their parent so they must live in a facility for health and safety reasons.
Upon growing older there are many decisions to be made. Among one of the most difficult and perhaps most important decisions is where the elder person will live and how long-term care needs will be met when he/she is no longer capable of doing so independently due to the incapacity that accompanies many with old age. Nursing homes seem to be the popular choice for people no matter the race, gender, or socioeconomic status with 1.5 million Americans being admitted to them yearly.[3] Because nursing homes are in such a high demand and are not cheap, $77.9 billion was spent for nursing home care in the United States in 2010 alone, they are under criticism of many professions including the legal profession, which is in the process of establishing elder law as a defense to issues with in the elder community. Nursing homes have a duty to provide many things to the elderly including medical, social, pharmaceutical, and dietary services so that the individual may maintain the highest well-being possible.[4] Stated another way 'a nursing facility must care for its residents in such a manner and in such an environment as will promote maintenance or enhancement of the q...
In conclusion there needs to be an increase in government funding for long term care facilities to convey maximum ability to provide quality of care to elders and equal accessibility too homes and care. Ways that can produce this outcome are increases in staff funding for training and recruitment, as well as for equipment to help increase care. Government funding should also help elders decrease the cost of living in nursing homes and allow equal accessibility to homes and care in homes.
Matthews, J. L. Beat the Nursing Home Trap: A Consumer's Guide to Assisted Living and
No one ever expects to live out his or her later years in life in a nursing home. When people are young they may not realize the obstacles in life that may cause them not to have a place or person to spend their older years in life with. Regrettably, many of the elderly are not treated with the care and respect they deserve. “Poor quality of care is endemic in many nursing homes” (Fernandez, 2011). It is the responsibility of the younger generation to make sure that the elderly are taken care of and that neglect does not happen. Nursing homes have too many patients and not enough care-givers compared to home care that has familiar one on one care. Home-based
As a person reaches retirement age, they are faced with many things to deal with. Retirement from work is one of the many realities they face. If they are not financially stable enough to retire, many continue to work rather than face the uncertainty of their financial future. Retirees do not get enough from Social Security that many are forced to live in low cost housing or become homeless, especially our veterans. Applying for Medicare Insurance is another obstacle an elderly person will have to face. Many are afraid that they may not be able to han...
Therefore, senior poverty and the aging population are increasing, homeless older people stand at the far end of the housing continuum. Some seniors who do not have a reasonable basic living allowances. Although the government provide pension and protection systems for senior, it still not adequate for seniors to maintain a quality of life. The government should provide more support for older people, such as low-cast housing, healthcare services, food service and substance policy system for
"Who does a son turn to, when his 78 year-old mother, newly admitted to a nursing home’s rehab unit, is experiencing delusions and screams through the night? Or where does a daughter turn to for help when she notices a rapid decline in her mother’s health and her mother refuses to seek medical care? Or the gentleman who believes it is time to a continuing care retirement community, but has no one to advise him on the myriad of financial and lifestyle implications of such a move? (Lederman, 2012)." Within in the field of home health care, ecological system creates an outline for defining what it means to provide quality care to the elderly.
A term used for elders is aged, which is having reached a specific age (McKenzie & Pinger, 2015, p.273). Another term used for elders is aging, which means getting older. Some elders live in assisted-living facilities, which provides an alternative to long-term care in a nursing hoe. They also can live in retirement communities, which are areas that have been specifically developed for those in their retirement years (McKenzie & Pinger, 2015, p.288). For elders, health care is a major issue for them. Since they are older, they develop more health problems and that causes them to use the health care system