How to Save Money Through Downsizing

Retirement is all about doing what you enjoy and downsizing is often the first step in that journey. And the longer you wait, the harder it may become. When it comes to downsizing your belongings, where do you start? As it turns out, there are some items that make for common downsizing obstacles. So here is our list of what you can downsize to save money:

Save Money Through Downsizing

Your Home

Downsizing from your home can result in loads of savings every year and can reduce your yearly expenses. The savings come from reduced property tax, insurance, maintenance, and utilities.

Your Debt

On average, Americans carry $6,194 in credit card debt. If you downsize your home, you can put some of your monthly savings toward paying off your debt and pay less interest going forward.

Clothes

With the rise of “fast fashion” online, people today are buying more clothes than ever. The  average person is ditching about 81 pounds of clothing every year as of 2020. Due to this fact, it’s clear that closets all over America have room to shrink and stay that way. Though, donating would be far more beneficial than simply throwing clothes away.

Storage Units

If you are paying money each month for a storage unit, it might be time to go through them and see if you really need those items. After all, you won’t have more room to use them if you downsize anyway. Now is the time to think about condensing those items or even getting rid of them all together. 

Exercise Equipment

Exercise equipment can go unused for long periods of time while taking up a lot of space in your home. Programs, like SilverSneakrs, provide Medicare enrollees free access to over 15,000 fitness facilities nationwide.

Sell Collectables and Kitchenware

If you have a large collection of collectibles, or lots of kitchen gadgets that you haven’t used in the last year you can make a little money by selling them. 

Ready to begin downsizing? Here is the best FREE starter’s guide to beginning your downsizing journey. Click the icon below to download your FREE copy to Unlock the Power to Declutter: The Definitive Guide on How to Start.

Concord Reserve is a continuing care retirement community in Westlake, Ohio, independent living apartments, assisted living, rehab services, and more. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090.

4 Surprising Psychological Secrets of Positive Thinking

You already know that diet and exercise are vital to aging happily on your terms. But there are some other things you can do to ensure you are happy as you get older. It turns out that optimism and thinking happy thoughts are just as important as eating well. Here are the psychological secrets to positive thinking. 

Positive Thinking is a State of Mind

Growing older comes with some natural changes, both good and bad. But those who see good years ahead and focus on that actually live longer. Research shows that those individuals actually have a longer life span and greater chances of living past 85. In fact, seeing your glass as half full could be just as important as having low blood pressure and cholesterol. 

The Power of Optimism

It’s hard to determine which is more important, good health or a positive attitude. However, it is possible that they both build on each other. Feeling optimistic is attributed to getting more exercise and eating better which compounds upon itself to cause you to feel happy and healthy.

Lower Chances of Getting Sick

Having a rosy outlook on the world might actually diminish the likelihood of suffering from certain illnesses. For example, it may play a role in heart health. Positive thinking can be good for your blood pressure which is one of the most important factors in heart health. 

Memory

Having a positive outlook may help with thinking and remembering. People who are optimistic are less forgetful. Additionally, they are better at problem-solving, which is a vital skill.

Looking for some other new secrets to living a healthy lifestyle? With this FREE A-Z guide on Living and Aging the Way You Want you can learn the ABCs of aging successfully. Download your PDF and start living the lifestyle you want.

Concord Reserve is a continuing care retirement community in Westlake, Ohio, independent living apartments, assisted living, rehab services, and more. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090.

5 Essential Retirement Documents

As you begin to plan for retirement it is easy to put most of your focus on your savings, and rightly so. However, funding your retirement involves more than simply saving enough money. An often overlooked necessity is the importance of obtaining and organizing certain documents. The following are five essential retirement documents you will need for a smooth transition.

Essential Retirement Documents

Original or Certified Birth Certificate

Though you can submit copies of many documents, your birth certificate is not one of them. To apply for retirement, you will need an original or certified copy of your birth certificate as a photocopy will not be accepted. Original documents are returned after filing.

Original Social Security Card or Record of Number

Your Social Security number is directly tied to how much you receive from your Social Security benefits. Your specific number has been used your entire working life to track the amount of money you have earned. This, in turn, determines your level of benefits in retirement. From there, your Social Security number will be used to track your benefits.

Proof of Citizenship

There are several documents the Social Security Administration will accept as proof of citizenship. These documents include a U.S. birth certificate, passport, or certification of citizenship. If you are a lawful non-citizen living in the U.S., you may present your Department of Homeland Security documents which may include I-551 (Green Card) or your DHS form I-94. Much like your birth certificate, the Social Security Administration will only take original or certified documents.

Durable Power of Attorney for Finance and Health Care

A durable power of attorney for finance is a legal document that authorizes a person of your choosing to manage your finances should you be unable.  

Similarly, a power of attorney for health care is a legal document that allows the person you choose to manage decisions (otherwise known as a decision-maker) regarding your health should you be unable. You can additionally include a directive that provides specific written instructions to your legal decision-maker to communicate your wishes.  

Tax Returns

Your life is meant to be easier in retirement, however, this doesn’t apply to your taxes. Many complications regarding your taxes come into play in retirement because your employer is no longer automatically withholding taxes from your paycheck, which can make paying your taxes tricky. You may owe taxes on your Social Security, pension, and annuity depending on your state. It is best to work closely with a trusted tax and finance professional to assist you with these complicated matters. Keep in mind, the IRS can look back up to three years for basic errors.

Obtaining, organizing, and understanding your essential retirement documents will help you make informed decisions as well as facilitate an easy transition to retirement.

Thinking about moving to a senior living community? Learn what your options are with our FREE eBook, What are My Senior Living Options.

Concord Reserve is a continuing care retirement community in Westlake, Ohio, independent living apartments, assisted living, rehab services, and more. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090.

5 Best Healthy Food Trends to Make the World a Better Place

No, this is not a fad diet article, but rather something more optimistic. Today, we are here to discuss healthy food trends that are on the rise to help make the world a better place.

Healthy Food Trends

Greenhouses and Community Gardens

Greenhouses and community gardens aren’t only a healthy eating alternative, but it’s healthy for the environment as well. Local community gardens and greenhouses help provide essential produce to a healthy diet while diminishing your carbon footprint.

Food Sharing

Food sharing, or family-style dining, has been steadily growing in popularity to diminish food product waste. This can lessen the amount of food that goes to waste because people can choose their own portions as well as reduce the amount of water used to rinse multiple dishes at restaurants, like saute pans. 

Who You Support

As generations grow more eco-conscious they are really starting to show it with their wallets. More today, people are looking to support their local restaurants and grocers as essential parts of the community and avoiding large corporate enterprises for their shopping and dining needs. 

Rethink What You’ve Been Taught

Nutrition is a science and like every other science, as we learn more about it what we think changes. It’s important to be open to changes in what you were taught. This doesn’t mean following every new food fad, as many of those fads will fade. Nutrition science doesn’t usually change radically, but slowly over time.

Less Single-Use Plastic

It started on the west coast initially as California banned plastic straws and plastic bags as the rest of the nation followed suit. Most recently, the San Francisco International Airport banned single-use plastic water bottles. However, it’s not just bans making people and companies rethink single-use plastic products. Many of these bans are occurring due to more eco-activism and awareness of everyday individuals.

Want to eat an even more healthy diet? Check out this article on healthy substitutes for baking at home!

Looking for some other new secrets to living a healthy lifestyle? With this FREE A-Z guide on Living and Aging the Way You Want you can learn the ABCs of aging successfully. Download your PDF and start living the lifestyle you want.

Concord Reserve is a continuing care retirement community in Westlake, Ohio, independent living apartments, assisted living, rehab services, and more. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090.

Age Discrimination and How to Unite Instead

Millennials and boomers have been at each other’s throats for a while, but what is the source of this age discrimination and how can we finally put it to bed? 

What is Age Discrimination

Age discrimination is the act of treating a person a particular way based on their age. Preventing age-related clashes is more difficult than ever due to ageist assumptions made by each generation. Everyone knows the stereotypes, like a millennial won’t work a moment past 5:00 PM and boomers don’t understand technology. As you’ve probably already guessed, these assumptions are hurtful and untrue. Most millennials have multiple jobs and a boomer invented the internet.

The Idea of the “Other”

So, if these stereotypes are untrue, why are they so widespread across all generations? It’s because of something called the “in” group. This is the group by which you identify, the group to which you consider yourself to be a part. Everyone else is the “other.” The other is a social construct created by groups and is used simply as a way for a group to define what they are not. The in-group will often identify themselves with positive traits while associating the other with negative.

This is a fundamental building block to stereotypes and discrimination. Right now, there are four generations in the workforce and each one defines itself by positive in-group traits and negative other traits.

The Feeling is Mutual

The funny thing is, both groups feel the same about being othered by in-groups. No one likes it. But this argument is nothing new. Dating back to the beginning of recorded history, older generations have been at odds with the new. All throughout human existence, the new generation is the worst the older generation has ever seen. And according to the new generation, the older generation is out of touch or, worse yet, irrelevant. But if we know this is part of othering, why then still ascribe to these faulty stereotypes?

How to Be United

The more time we spend thinking about our differences, the more othered each group becomes. What we should be doing is looking for similarities, like all in-groups want to be valued. The negative othering needs to stop on all sides in order to create a more empathetic and fair society in which all groups are seen for their positive in-group traits.

Want to learn more about connecting to the next generation? Check out this article!

Wondering what your future has to offer in your golden years? Learn about aging on your terms with your FREE Moving to a Senior Living Community: Make Decisions Your Way

Concord Reserve is a continuing care retirement community in Westlake, Ohio, independent living apartments, assisted living, rehab services, and more. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090.

7 Unique Tips and Tricks to Boost Your Upcycling Skills

You’ve seen them on Pinterest and Etsy and now your interest in upcycling is piqued. With a little time and imagination, you too can get in on this eco-friendly trend. 

What is Upcycling

Upcycling is a process by which old products are modified into new products. In upcycling, you may find items in your home you no longer use and with a little hardware and elbow grease, the end result is an item that is significantly changed from the original. This can vary from simply cutting off the sleeves of a t-shirt to make a tank to transforming the table into a completely different piece of furniture. Simply put, upcycling is the process of re-adapting or repurposing items in creative ways for new use.

Examples

There are many ways you can upcycle items, though they are primarily broken down into three categories.

Upcycling Fashion: 

With the advent of “fast fashion,” knowledge that the process of textile manufacturing has increased recently. The production process requires enormous amounts of energy, water, and polluting chemicals. This has created a boom in upcycled fashion. This is the process of repurposing clothing items for new use. Often this occurs with damaged clothes or articles of clothing that no longer fit. If shirts are damaged, it may be patched or broken down into scrap cloth. If a dress no longer fits, it may be adjusted to fit again by sewing a strip of cloth down each side.

Upcycling Furniture: 

Got a broken coffee table? It might be time to repurpose that old piece of junk into something more useful. From busted shelves to old doors, there are many ways to upcycle your furniture.

Industrial Upcycling: 

This one is difficult for the average person to take advantage of, however it still merits discussion. Industrial upcycling is the process by which established manufacturers reuse waste products for the customer cycle. This is often seen in things like reused plastics to make water bottles and pencil cases.

What’s the Difference Between Upcycling and Recycling?

Technically, upcycling is a type of recycling, however, recycling focuses on materials like paper, plastic, metal, and glass to break them down into base materials and create new products that way. Think of the type of industrial upcycling we mentioned earlier.

The Benefits

If we take a look at upcycling from the macro view, it is easy to see the eco-friendly benefits. Wide-spread upcycling and recycling reduces the emission of things like CO2 and reduces the impact on landfills. This occurs because the life cycle of the items are extended. Additionally, it is a way to have fun and even make a little money.

Tips

Now that you are excited to begin your upcycling journey, here are your upcycling tips!

  • Preparation: Planning ahead is the key to ensuring you have the right equipment and tools you will need to finish the job easily. Be sure to clean the item you plan on upcycling and factor in the amount of time you will need to finish the project just in case you need to make any corrections to your work.
  • When you look at old items, use your imagination. This is where you get to really flex your creative muscles. Envision what the item could be instead of what it is since you can break it down and use the materials rather than simply repainting the item. Old ladders can be used to hang plants and old doors can be transformed into corner shelves. Your only limit is your mind.
  • Did you find a piece of vintage furniture at a high-priced boutique? Try looking at second-hand shops for similar items and fixing them up. You might even have something hanging out in your own attic. Fixing it up will be a fraction of the price and you could even turn around and sell it if you want.
  • Speaking of vintage furniture, if you are upcycling an item, make sure you try to match the upcycle with the era the item is from. This will help if you are going for an authentic upcycle.
  • Spend your money on a set of good tools. Want to repaint an old cabinet? Buy good brushes. Want to transform a shelf? You might want some reliable power tools. All of these things cost money but could pay for themselves in the long run.
  • Have fun! Though there are environmental and financial reasons you might be looking into upcycling, the only real reason to get into upcycling is that you enjoy it. You are bound to run into problems and spend a bit of money, however, if you keep your mind on the fun of a creative outlet those will seem like minor issues.

Ready to begin downsizing for your move? Here is the best FREE starter’s guide to beginning your next journey. Click the icon below to download your FREE copy to Real-Life Tips to Selling, Downsizing, & Moving.

The Simple Science of Kindness and How We Can Improve

We all know the golden rule; do unto others as you would have them do unto you. But why do we value kindness so highly that it becomes one of the first lessons we teach our children? Here, you will learn the science of kindness and how you can master it to improve your life.

What is Kindness

The definition of kindness is the act of being generous, considerate, or friendly. But kindness is so much more than a simple definition. Think about it. Would you like others to describe you as kind? Are you inclined to associate with people you identify as kind? And think of how being described as kind is different from just being a “nice” person. Certainly, being nice is part of being kind but the idea seems more personal. Well, that’s because it is. Kindness can be interpreted and misinterpreted based on the personal experiences and desires of the people giving and receiving kindness. That’s what makes giving recognized acts of kindness so important because kindness is personal.

The Science of Kindness

Studies indicate that as humans, we are hardwired to be kind. But we can improve our lives by regularly practicing kindness in adulthood. In fact, it can be even more important to regularly practice kindness in adulthood because the stress of day-to-day life can cause us to lose sight of our inherent generosity.

Kindness, along with empathy, allows us to relate to other people and maintain positive relationships. However, aside from helping us relate to our friends and family, kindness is also good for you in a variety of ways.

Kindness Releases Feel-Good Hormones

So, why are we psychologically predisposed to kindness?  Most research indicates the reason kindness makes us feel good is all because of a little hormone called oxytocin. Oxytocin is a powerful asset in feeling connected to one another. Sometimes called “the love” or “cupid” hormone, oxytocin plays a role in developing social bonds and trust for other people. Most importantly, oxytocin is a natural way to fight pain and depression. Interestingly enough, it can be released when performing a number of actions, and being kind is among them.

Kindness Helps With Anxiety

Whether you suffer from mild nervousness or an extreme panic condition, anxiety is an extremely common experience. There are many ways to cope with this condition. It turns out that one of the easiest and least expensive is to be nice to other people. Studies show that social anxiety is connected to low positive affect in social situations. This means the perceived  positivity of regular interactions is minimal and they feel little joy or interest in social situations. However, researchers found that those who committed kind acts to others displayed an increased feeling of positivity in the same social situations.

So, if you are feeling a little anxious about an upcoming social event, seek opportunities to help others.

Kindness is Good For Your Heart

Being kind can be heartwarming in more ways than one. Kindness can actually affect the chemical balance of your heart. As discussed earlier, kindness releases oxytocin, which in addition to helping us bond it also causes the release of nitric oxide in the blood vessels. This dilates the blood vessels which increases the flow of blood and oxygen in our bodies which reduces blood pressure.

So, if you are looking to improve your heart health, try warming the heart of friends and family on a regular basis.

Kindness Helps With Longevity

We all want to live longer and being kind to others can help. Studies show that people with a strong network of close friends and family experience a reduced risk of heart disease. Kindness to others is one of the best ways to grow this strong network. People like being around people who are nice to them and make them feel cared about. Kindness is the simplest way to do so.

Kindness Prevents Illness

According to a study of older adults ages 57-85, volunteering was strongly associated with lower levels of inflammation common in this demographic. The little love bug, oxytocin, also reduces inflammation.

How to Better Practice Kindness

So, now that you know the benefits of being kind, here are a few ways you can practice kindness every day.

Little Acts of Kindness

Try to actively think of how you can help and show appreciation to people in your life.

  • Next time you are getting a cup of coffee, genuinely ask the barista how their day is going.
  • Haven’t heard from your friend for a little while? Reach out and ask them out to lunch on you.
  • Out grocery shopping? Pick up a little treat just for your significant other.
  • When people are speaking to you, try to focus entirely on them and what they are saying without letting your mind wander.

Be Kind to Yourself

This one can be particularly hard, but negative self-talk can be extremely toxic and gets in the way of being kind to others. Try:

  • Telling yourself you are good enough.
  • Treating yourself to something you enjoy.
  • Practicing mindfulness.

Be Generous

There are a number of ways you can be generous, but here are a few:

  • Be generous with your time.
  • Be generous with your words and actions.
  • Give generous signs of affection (could be physical or verbal).

Think of Those Who Are Kind to You

Have you experienced kindness from someone else? Why not return the favor:

  • Write them a note letting them know you appreciated their kindness.
  • Do them a little favor without them having to ask.

Try Not to Judge Others

The saying goes, hurt people hurt people. If you experience unkindness, try not to judge the unkind person. Not only will you not be contributing to a cycle of negativity, but you might also even help that person stop from continuing to be unkind.

As you can see, kindness is the secret to a healthier life, so share a smile or a kind word with someone today!

Concord Reserve is a continuing care retirement community in Westlake, Ohio. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090. Concord Reserve is a continuing care retirement community in Cleveland, Ohio.

3 of the Hottest New Senior Tech Innovations

When we think of people using smart home products, we usually think of a hip twenty-something on their phone. However, senior tech — or silver tech — is one of the fastest-growing industries in the market. So, should you know about the hottest new industry?

This year at CES, many new exciting devices were released with the senior community in mind.

Designing Items with Caregivers in Mind

Starting off with a little help for caregivers, Procter & Gamble showed up with their new Gillette Treo. This is a razor designed for grooming of senior individuals by a caregiver. It features a tube filled with shaving cream which is easy to squeeze. This dispenses the shaving cream directly under the razor with one-handed ease.

Improving Hearing Aids

Since the rollback of hearing aid related laws in the U.S., a lot of change has been happening in the industry. A person no longer has to obtain approval from an audiologist to purchase hearing aids and that is expected to bring the price down significantly.

The Nuheara IQbusd2 Max earbuds, starting at a price of $400, allowed people at CES to successfully listen to conversations in two separate rooms at the same time. This is to meet the challenge of environments like restaurants that often cause trouble for the hearing impaired.

In the Home

Samsung has also started home innovations that can help seniors with the development of Ballie, a small ball-shaped robot designed to help around the house. The ball features built-in fall detection. Additionally, it will approach and ask if 911 is needed.

What This Means for Senior Tech

As we’ve been saying for a while now, the world is changing for seniors as the Boomers start retiring. This advent in tech is evidence that industries are innovating like never before to assist the aging demographic.

Wondering what your future has to offer in your golden years? Learn about aging on your terms with your FREE eBook, What are My Senior Living Options

How to Thrive Through Stress Management

Everyone gets stressed. Life is unpredictable and change is always filled with uncertainty. Between the two, you’re probably dealing with more on your plate than you can swallow. But you aren’t alone. Many Americans are dealing with record-high reported stress levels and it may take years for people to adjust to changes that have occurred. Making small adjustments is key to managing your stress and there is no reason you can’t thrive through troubled times.

Tips for Stress Management

Identify Your Source of Stress

The first step to managing your stress is understanding where it comes from. However, this isn’t always as straightforward as it sounds. While identifying major stressors may seem easy, it’s usually the accumulation of small stressors that become the most difficult to manage. Try taking an inventory of your life from sleep habits to satisfaction levels. Pinpointing minor stressors that can buildup to major problems is a complicated process and may take a little time, but just know it will be worth it in the long run.

Eat Better

When it comes to stress management, everything starts with your diet. You can do all the mindful yoga you want, but if you aren’t fueling your body properly then it won’t do you half as much good. If you eat a diet rich in whole foods your body will be able to better support your immune system which has been shown to improve mood. It makes sense that if you are not getting sick or feeling drained then you are more likely to experience better moods. Although it can at times prove challenging to maintain a healthy diet, it can help if you set aside time for food preparation or have access to prepared, nutritious meals.

Move It or Lose It

We know, you’ve heard this one a lot but the fact is it’s true. Exercise is a great stress management method. When you exercise, your body responds by releasing lots of positive hormones — like endorphins. Endorphins inhibit feelings of pain and discomfort, leaving you feeling good. It doesn’t take a stretch of the imagination to conclude how having a flood of endorphins would improve mood. 

Volunteer

Having difficulties managing stress in your own life? Try helping someone else with theirs. Though this might seem counter-intuitive, helping other people has the potential to make you feel better. This can help if you are overwhelmed and stressed out. Take a breath, take a break, and see if you can help someone. Often, you will find that the result of feeling good about helping other people will help give you the fortitude you need in order to manage your own issues. Volunteering is also a great way to help other people. You can ask local community organizers for volunteer opportunities in your area.

Digitally Detox

Though technology can keep us connected with those we care about, some studies indicate it can be a major source of stress. Increased digital use contributes to stress as well as a lack of sleep. If you are finding yourself overly stressed lately, try giving yourself a digital detox and step away from your phone or tablet for a few hours.

Looking for some other new secrets to living a healthy lifestyle? With this FREE A-Z guide on Living and Aging the Way You Want you can learn the ABCs of aging successfully. Download your PDF and start living the lifestyle you want.

Concord Reserve is a continuing care retirement community in Westlake, Ohio. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090. Concord Reserve is a continuing care retirement community in Cleveland, Ohio.

How to Know If It’s a Good Time to Sell Your House

Knowing when to sell your home to move to a senior living community can be tricky and time-consuming. This is especially true if you are uncertain about selling your home to begin with. But now might be the time to ask, is it time to sell your house?

Why Staying for the Memories Can Hurt You

If you are waiting to sell your home due to sentimental reasons, you could be hurting your finances. Selling your house at the wrong time can have direct consequences. Many hang on to their houses too long and miss the housing market peak when it happens. If you wait too long you can end up in financial trouble. Don’t let your memories prevent you from making a sound financial decision.

This isn’t to say it’s uncommon to get emotional about selling your home, especially if you are moving to a living senior living community. You spent a lot of time and massive efforts to make your home what it is and have made many memories in your home. However, saying goodbye at the right time is vital to you getting the best deal and sometimes emotions must be put aside to accomplish this goal. Instead, try to harness the feelings and memories you had while shopping for your new home and extend those to your new home.

But how do you know when it’s time to sell your home?

The Signs It’s Time to Sell Your Home

You’ve Seen Positive Selling Trends in Your Neighborhood

This is a no-brainer if you’ve been thinking about selling your home. If the housing market in your area has been trending up and you’ve already decided to sell, then now is the time to act. Though it does get tricky for gaining maximum value since you want to sell when the market peaks.

In a good market, homes will appreciate by approximately  3%. However, a “hot” market can appreciate much more. Basically,  you want to ride the wave for as long as possible and sell just before it breaks. This will depend almost entirely on your personal level of risk-taking or risk aversion. Be sure to take into consideration when the last peak occurred and how high the rates reached before breaking. This can give you an idea of how likely the market is to hit similar prices.

Home Maintenance Has Become Too Much of a Hassle

Americans notoriously wait too long to downsize or move to a senior living community that better meets their needs and desires for retired life. While you may think you are too young or healthy to move, the sooner you do it the sooner you’ll reap the benefits.

In addition, the more your house needs maintenance and the more you keep putting it off, the less your house will be worth when you do finally sell. The clock is already ticking and the time will come when the demands of maintenance are too burdensome to bear. It is better to plan ahead and be ready before the situation leaves you with fewer options.

You’re Ready to Be Proactive

As you get older, keeping up with maintaining your home will often fall to your relatives. Once you need more support from your family in general, you will likely need support in upkeep. If you are ready to be proactive about your support, you may be ready to consider other alternatives. A good plan will eliminate the need for your family to be burdened and allow you to focus better on healthier living and doing the things you want.

Is it Time to Sell Your House

The simple answer is maybe. If the market is in a good place and you feel like your home is becoming too much of a chore for you to keep up, then yes, it is time to sell your home. However, if the market is down you may want to wait. Though this can get tricky if you can’t keep up with the maintenance. It may end up costing you more, in the long run, to wait for the market to turn while letting your home fall into disrepair.

When in doubt, sit down and really hash out the benefits of selling while understanding that your sentimentality is valid, though it could hurt you. Be sure to think through your vision for the future and the lifestyle you want. If you want to explore your financial options, read this article about CCRC entrance fees.

Want some financial planning tips for your future? Check out our FREE eBook, 6 Money Planning Tips for Your Senior Living.

Concord Reserve is a continuing care retirement community in Westlake, Ohio. We’re focused on supporting the vibrant and active lifestyles of our residents so they can age well. For more information, contact Concord Reserve online or at 440-871-0090.