As people enter the age of retirement, they often begin to travel more often. With this increased travel, it is important to know that seniors are entitled to many discounts when traveling. In order to capitalize on these discounts, it may be best to plan a trip with a travel agent. The agent has a lot of useful information and many connections that could lead to some great travel deals. Here are a few planning tips that will help seniors find the best travel arrangements at the best price.

1. Make sure to know personal preferences before contacting a travel agent. These requests should be made in advance. Some common requests for traveling seniors include aisle seats on airplanes, morning flights and non-smoking accommodations.

2. Be sure to deal with a travel agent directly. Many travel agents have personal assistants that relay messages. If possible, try to arrange to speak with the agent directly.

3. If there are time constraints, make sure to have a back-up plan. Use a calendar to plan for schedule changes. Often times, a change in time could mean a greater discount.

4. Inquire about car rentals and hotel rooms. Your travel agent may be able to book a complete package which would offer additional savings.

Source: www.ehow.com

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

Retirement is the ideal time to travel the world, and if you’re a senior who’s been dreaming about retiring somewhere away from San Francisco, then there’s no better time than the present. But before you make your decision on where to retire, here are some tips for choosing a great place to live abroad when you retire:

1. Consider the cost of living – the cost of living varies from country to country and city to city, so make sure you do your research and choose one that has a cost of living that is lower and well-suited to your retirement budget

2. Find out the regulations for living in a country where you’re not a citizen – in countries like Mexico, retired seniors can receive residency permits that can be renewed annually; or for those with their own homes there, with a monthly pension of $1000 a permanent residency status can be granted

3. Think about your health – the climate and environment of various places abroad can have an impact on your health. Also look at the type of health care system in the countries you’re considering retiring to; some developing countries do not have the same standards as those we’re used to in the US while others have even more comprehensive health care systems

4. Choose your lifestyle – depending on what you’re looking for from your retirement, different destinations can meet your requirements. If you dream of senior years on a beach, Mexico, Spain or Italy might be a good choice; but if you want a historical experience look at Greece or England

Via: Retirement Story

image: heritagecommonssl.com

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

There’s no denying economic times are tough, but does that mean that San Francisco seniors and their peers across America need to be confined to their homes? In the past, the answer might have been yes; because many travel groups that cater to the specific needs of seniors also come with hefty price tags that just aren’t realistic for seniors living on fixed incomes during the economic recession. However, today there is Elderhostel, a non-profit travel and educational organization for seniors that encourages seniors to see the world by stepping outside of their San Francisco homes and partaking in one of their affordable travel programs. Because of the support they receive from over 50,000 across the United States and worldwide, Elderhostel is able to offer seniors educational travel vacations for as little as $100 per day.

In addition to the recession-friendly price tag that comes with the Elderhostel travel programs, they also cater to the specific needs of seniors by categorizing their programs based on the physical requirements involved and they can accommodate specific dietary needs. It’s not often that travel options are out there that are both recession-friendly and senior-friendly alike!

Sources:

1. Suite101
2. Elderhostel

Image Source: pro.corbis.com

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

Q – My mom’s been thinking about selling her home, which she has maintained even though she is currently living with a relative. After doing some research online, I realized there are some significant tax implications of selling a home, especially when it is mortgage free. Is there a better option to allow her to minimize the tax costs and maximize her assets?

A – The best bet is to have an estate planner review your mother’s specific circumstance and those assets that can be found in her property. However, there are a few options available such as reverse mortgages, trusts, and transfer of assets. Otherwise, at the time of her death, the property will be transferred to the named recipient as outlined on her will. An inheritance and/or estate tax will apply, which can be substantially less than the taxes your mother could pay if selling her home. At that stage, the person responsible for the estate under the will can sell the property to pay for funeral costs, can distribute profits to named family members, rent the home, or live in it themselves. Talk to an estate planner before making any definite decisions about how to handle your mother’s estate!

Sources:
1. ThinkGlink
2. Wikipedia

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

“Longevity risk” is the term used to describe the increased lifespan of baby boomers which can ultimately result in them outliving their assets and funding for retirement. Not only are baby boomers living longer into their senior years than previous generations, but unlike their parents who had pensions to support them into old age; only 70% of baby boomers will retire with pensions today. Is it possible for seniors to live longer with fewer assets and income available to them?

According to a recent study by Ernst & Young, there is a very real risk that baby boomers and future generations who live longer will outlive their retirement funds. The study showed that 3 in 5 senior middle-class retirees who maintain the lifestyle they have prior to retirement will run out of money before they die. While many seniors may dream of vacationing during the winter months and living extravagantly to celebrate their senior years; they may in reality have to sacrifice these dreams in lieu of a more modest lifestyle, saving the hard-earned money they made during their working years to provide for the regular costs of living both before and during retirement.

Younger generations should start planning today to provide for their senior years by saving a percentage of their earned income in a retirement plan to provide for retirement living; and some baby boomers who have yet to save need to act fast and adjust their lifestyles so they have the money to fund their futures.

ConsumerAffairs Fred Yager

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

Q – What is senior financial abuse, and how can it be prevented?

Senior financial abuse is any situation where a senior and/or their money are exploited for monetary gain. Seniors in San Francisco, are a major target of financial abuse because they can be dependent upon others, they can be trusting, and they may have minimal experience managing their financial affairs; oh, and they also control 70% of personal assets in North America. Financial abuse takes a number of forms; some seniors may be financially exploited by their own family members, their caregivers may take advantage of their money, and may be stolen from through elaborate scams.

Tips to Avoid Senior Financial Abuse:

1.    Protect personal information – SSN, PIN numbers and other financial data should be protected and never given to anyone (except a financial power of attorney)
2.    Background checks and references – anyone hired to work for a senior, as a laborer or caregiver should be thoroughly screened with background checks and follow up on personal and professional references
3.    Never pay for anything – often sweepstakes or lottery scams require a senior to pay money in order to claim a prize. Seniors should never have to pay to receive winnings
4.    Have a backup – seniors should seek the help of a trusted family member to review and oversee major financial transactions. Having a second set of eyes to assist with decisions will help protect seniors from financial abuse
5.    Report it – report any suspicious persons to senior advocacy agencies and the local police

Sources:
1.    Associated Content Susan Rand
2.    Sun-Times News Group Terry Savage

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

Q – My mother lives in San Francisco and is very ill, and I know that she has debt that was acquired by her and my father before he passed away. Will her children be responsible for paying off her debt when she passes away?

A – In your mother’s case, any shared debt with your father, would have been passed along to her in probate; especially if she was the sole beneficiary of his estate (or all assets were shared). Children are not directly responsible for the debts of their senior relatives, however, debts owing may first be deducted from the senior’s San Francisco estate before distribution during probate, decreasing or eliminating completely the assets left to beneficiaries of the will or trust because when creditors are unable to collect debts during a senior’s life, seniors remain responsible even after they are deceased. If after your mother’s death, her estate demonstrates insufficient assets to pay off her debts, the creditors will be forced to take a loss; however, you and your siblings will not be responsible for paying her debts.

The only other situations where the survivors of a senior’s family may be responsible for the debts, are if they co-signed on a loan, or guaranteed payment to a creditor.

Sources:
1. Lawyers.com
2. Money Tips
3. Wikipedia

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

For many seniors, their necessary prescription in drug costs in California and San Francisco can be as great as half of their annual incomes, but by investing in prescription drug cards some of the financial burden of their medications can be alleviated without ever having to sacrifice healthcare. However, for many of these programs, offered primarily by major pharmaceutical companies, the discount available varies for each prescription medication and ranges anywhere from a 1% to 20% savings; which forces seniors to pay into multiple discount card programs and shop around for the best price every time they are ready to fill a prescription.

According to an examination completed by Susan Dentzer for NewsHour, by making use of multiple prescription drug programs, an elderly couple with senior drug costs of $16,000 per year could save anywhere from $500 to $1,600 per year. The discount may seem insignificant when compared to the total annual drug cost, however, the annual savings can add up to a substantial nest egg for seniors who feel the efforts are worth the prescription savings. Recently, a $4 discount prescription program was released by Walmart; to offer even more substantial drug savings for seniors, with hundreds of prescription drugs available at $4 for a 30-day supply.

Seniors can benefit from using discount prescription drug programs offered in San Francisco, including Medicaid’s prescription subsidies for the elderly who have reached their $4,000 quota. However, the US still has a long way to go to catch up to other countries, like Canada, which have provincial drug subsidy programs automatically available to all senior residents who face the financial reality of retirement.

Sources:
1. Online NewsHour

2. Walmart.com

3. Makoa.org

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

Just because many San Francisco seniors live on a fixed income, doesn’t mean they can’t save money to help them prepare for their retirement future. There are many methods that seniors can implement on their own, to help them put together their retirement fund, and with a little support from their families to manage their assets and investments; family members and caregivers can help ensure that their loved ones are supported into their elder years.

How Seniors Can Save:

• Stick to a budget – seniors can outline a regular monthly budget that accounts for their typical expenses. As long as their budget is realistic, seniors can monitor their spending and have money leftover to put away for retirement.
• Look for discounts – By shopping at the places that offer senior discounts, seniors can keep additional money in their bank accounts which can be put towards retirement.
• Shop smartly – instead of selecting brand name items, seniors can stick to store brands and purchase items that are on sale. When grocery shopping, choosing fresh fruits and vegetables that are in season tends to be more economical; buying canned or frozen will also keep money in a senior’s pocket.
• Think free – for entertainment, check the newspaper for free events happening in the area. San Francisco is a great city to find cheap entertainment.

How Families Can Help:

• Researching investments – families can help seniors research their options when it comes to investing in retirement to ensure they are making the best choice. Having a second point-of-view regarding major financial decisions is always wise.
• Offering support – encourage and support a senior in their efforts to spend less!

Source:  Associated Content   (Ever Odessa)

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.

For many seniors, a trip to the doctor’s office for a checkup or prescription refill can be a laborious task. Physical limitations, illnesses, aches and pains and lack of access to transportation can make even a routine doctor’s visit a challenge. For these older adults, home visits by a physician can be the best way to get the medical care that they require. Many healthcare agencies around the United States specialize in home doctor’s visits for elderly patients. The staff of these house call organizations are medically trained doctors and nurses, who often have had specific expertise in geriatric care. The idea of in home doctor’s visits is to bring all the medical services a senior would typically receive at their physician’s office, without ever leaving home.

When physician’s and nurses pay house calls to seniors who are homebound, they are prepared to complete routine checkups to assess the elderly patient’s health. They are also able to write prescriptions, manage IV’s, complete lab work, administer x-rays and EKG’s and assess and monitor illnesses.

Medicare does offer coverage for in home medical care for those who receive Part A benefits. In order to receive Medicare benefits for doctor’s visits at home, seniors must be classified as homebound, due to specific limitations that relate to physical and mental capabilities. In some cases, Medicare will provide coverage for patients who are not isolated to their homes, provided their situation justifies in home care by a medical practitioner. Doctors who also specialize in providing house calls to the elderly also mention that Medicare covers services documented due to immobility, the need to assess in home caregiving and safety in the home, and other reasons that may prevent a senior from going to a medical office.

Medicare will not cover home visits by a physician for senior assistance with Activities of Daily Living or for those who are chronically ill. Those who do not qualify for coverage of home visits by a doctor should consider hiring an in home, non-medical caregiver for assistance with the Activities of Daily Living that they’re finding to be too much for them.

Sources: http://www.aahcp.org/homebound.shtml
http://www.seniorresourcesonline.com/articles.iml?category=Medicare
http://www.drshomevisits.com/services.html
http://www.housecalldoctorstexas.com/services.asp

Home Care San Francisco Bay Area serving seniors in San Bruno, San Mateo, Walnut Creek and Concord. Call us at 415-333-3944 or 650-877-8009.