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True or false: If you move to a reverse mortgage, you will have to give up title to your home. False! You keep title to your home and continue to control the property, just as you would with a different type of mortgage. There’s no impact on your income taxes or credit at all, and actually, it can be a versatile tool to help you live a better life.
The technical name for a reverse mortgage is Home Equity Conversion Mortgage, which is the FHA-insured reverse mortgage. It’s an age-specific mortgage specifically for those age 62 and above where homeowners convert a portion of their home equity into cash without having to sell their property or give up title to their home and without having to make any mortgage payments.
There are many myths about reverse mortgages, and guest Brenda Bonin from Mutual Omaha is here to dispel them. She shares how much of the misconceptions come from before reverse mortgages became FHA insured, and firmer regulations were put into place. However, they’re a flexible, useful tool where owners can tap into their home equity for cash. In turn, this can finance home health, memory care, the general upkeep of your home – anything you choose.
Additionally, all proceeds go to the owner tax-free, and there’s no payment until the end, when the homeowners decide to sell and move or pass away. If the latter, most people in their family or their heirs will sell the property to pay off that loan and remaining equity goes to the heirs.
It’s easy to qualify because it doesn’t adhere to the standard debt ratio. Instead, there’s a financial assessment in place to gauge whether homeowners are able to remain in their home and maintain it. Banks also look at how much equity you have in your home.
If you’re interested, speak with a mortgage specialist to discuss your goals, current struggles, and cash flow needs. You’ll also go over technical details such as your home’s value, your age, financial situation, and more.
Resources discussed:
Contact Brenda with Mutual of Omaha:
469-682-6633
What is an emergency binder and what it should include:
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/2a105359/126-paperwork-youll-need-in-a-medical-emergency-get-that-binder-ready
To suggest a topic, be a guest or to support the podcast, please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Try the 7 steps to change your mindset.
Your mindset can make or break a situation.
If you look for the negatives, you’ll easily find negativity. If you can find the positive in it, positivity spreads. We can’t control what happens to us, but we can choose our response – and choosing to nurture a positive vs. negative mindset is often key to a life well lived. This skill can be applied at any age.
It can be difficult to reframe your mindset.
Thankfully, Senior Services Expert Lori Williams has 7 steps to help:
1. Start the day with a positive thought. This is quick and can be as small as being thankful for the rain because your grass needs it.
2. Take note of the good things, no matter how small. Pay attention, and you’ll begin to notice them more easily.
3. Find humor in bad situations. Sometimes it’s better to laugh than cry.
4. Turn your failures into lessons. Maybe you tried something new and it wasn’t perfect. You still grew as a person.
5. Don’t say anything bad about yourself. Avoid negative self-talk – cheer yourself on instead.
6. Focus on the present. Anxiety happens when you get 10 steps ahead of yourself.
7. Surround yourself with positive influences. Connect with people who are encouraging instead of people who complain or have negative energy.
Topics discussed:
Positivity
Positive affirmations
Training your brain
The power of mindset
Trying new things
Open-mindedness
Takeaways from this episode:
Get my new book, 'Surrounded by Love: One's Family Journey Through Stroke Recovery': https://loriwilliams-seniorservices.com/book
To suggest a topic, be a guest or support the podcast, please email [email protected]
For more senior resources and to sign up for the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Anxiety can happen to anyone, regardless of age.
However, it can show up in different ways, in different intensities, at different times, among different genders. The conversation around anxiety has also become much more open in newer generations than in the past.
Still, anxiety isn’t discussed often enough – particularly in senior circles. That’s why Senior Living Expert Lori Williams invites ‘The Anxiety Sisters’ Abbe Greenberg and Maggie Sarachek to share their experiences. Authors of The Anxiety Sisters Survival Guide, they’re trained counselors, mental health advocates and anxiety sufferers themselves, with an online community of more than 220,000 in 200+ countries.
Together they discuss:
· Their journey with anxiety and how they became ‘The Anxiety Sisters’
· The anxiety spectrum and different ways it manifests
· Causes of anxiety
· Anxiety management techniques
And more.
Topics covered
- Anxiety / Generalized Anxiety Disorder
- Obsessive-Compulsive Disorder (OCD)
- Medication and SSRIs
- Panic attack tips
- Hoarding
- Anxiety causes
- Anxiety and aging
Takeaways from this episode:
- The stress ‘fight, flight, or freeze’ response is the biological cause of anxiety. Hormones, medications, dementia, isolation and genetics can also impact anxiety levels.
- Though women are supposedly 2x as likely to suffer from anxiety, men may not report (or understand) their anxiety, or they redirect their anxiety as anger / rage since it’s more socially accepted.
- Instead of trying to avoid anxiety altogether, it’s helpful to prepare for it. Carry a bag with different items inside to calm your senses, like lavender fabric, photos, or medication. That way you're ready if a panic attack strikes.
- Be aware of how antidepressants or SSRIs can interact with any drugs you’re taking, and discuss health concerns and effects with your doctor.
Resources mentioned in this episode:
Anxiety Sisters' Survival Guide:
https://www.amazon.com/Anxiety-Sisters-Survival-Guide-Connected/dp/B08ZJT2PMZ/ref=sr_1_1?crid=O43LG9Y2O1FE&keywords=anxiety+sisters+survival+guide&qid=1651087146&sprefix=anxiety+sisters%2Caps%2C157&sr=8-1
The Spin Cycle with The Anxiety Sisters Podcast:
https://podcasts.apple.com/us/podcast/the-spin-cycle/id1223800972
The Anxiety Sisters' Website:
https://anxietysisters.com/
https://www.facebook.com/anxietysisters
To suggest a topic, be a guest or to support the podcast, please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
What's best assisted living options: bigger or smaller facilities?
There are 2 common types of assisted living. First there’s the traditional large buildings with activity directors, transportation, and 100+ residents. It’s large but scalable with more amenities and services to offer residents. Then there’s the smaller residential home model - ‘mom and pop’ style with more individual attention.
Loe Hornbuckle is the CEO and founder of Safe Oak Assisted Living and Memory Care in the Dallas-Fort Worth area, and he has taken the advantages of each to create a third type: a ‘best of both worlds’ version of assisted living.
This model:
Learn about the differences between various assisted living types and how this experience can be effective for seniors.
Topics discussed:
Takeaways from this episode:
Resources mentioned in this episode:
Assisted Living 101:
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/78efeb4c/038-assisted-living-101
To learn more about The Sage Oak and Loe Hornbuckle please visit:
https://thesageoakdenton.com/
To suggest a topic, be a guest or to support the podcast, please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
How does Alzheimer’s disease affect women?
Women are more likely to be diagnosed with Alzheimer’s and more likely to be the caregiver for someone who has Alzheimer’s.
When we think about women’s health, we often think of breast cancer. However, women in their 60s are almost twice as likely to develop Alzheimer’s disease over the rest of their lives than breast cancer. In fact, one in 5 women over age 65 are likely to develop Alzheimer’s. Plus, there are 11 million women in the U.S. either living with Alzheimer’s or caring for someone who has it.
Alzheimer’s is a big burden on women particularly as it comes to caregiving. Almost two-thirds of all people caring for loved ones with dementia are women – and of that two-thirds, 60% are daughters. This often results in women needing to cut down on their hours at work or retire early to care for their loved ones. Their mental health is often affected by the stress, as caregiving is a 24/7 job.
Whether you’re affected by Alzheimer’s personally or caring for someone, it’s important to make health a priority. You can still have other medical issues along with dementia or Alzheimer’s; the conditions just complicates care and the ability to care for yourself. Prevention is important not only for yourself, but loved ones. Know your numbers (like blood pressure) and stay on top of your diet. Also, find ways to incorporate self-care into your life (as hard as it may be) – you can’t pour from an empty cup.
Topics discussed:
Alzheimer’s disease / dementia
Women who are caregivers
Women with Alzheimer’s
Self-care for caregivers
Alzheimer’s research
Alzheimer’s prevention
Takeaways from this episode:
Resources discussed:
10 ways to love your brain
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/1e297445/122-10-ways-to-love-your-brain
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
There are 1 million people with Parkinson’s disease, and it affects 2% of adults over 65. Parkinson’s resembles dementia, but dementia is an umbrella term of a set of symptoms related to thinking and memory and cognitive abilities. Alzheimer's disease is the most common form of dementia, but there are many types – including Parkinson’s disease dementia (PDD).
Megan Rowe is back, and she’s the Senior Program Manager for the Alzheimer's Association: Dallas and Northeast Texas chapters. Since April is Parkinson's Awareness Month, she helps bring awareness to Parkinson’s disease dementia and what that involves.
Parkinson’s symptoms include changes in memory, concentration, and judgment, along with trouble interpreting visual information, muffled speech, speech changes, hallucinations, and delusions. This type of dementia is also characterized by paranoid episodes, depression, irritability, anxiety, and sleep disturbances, including excessive daytime drowsiness, and REM sleep disorder.
Treatment depends on many factors, so stay in contact with your physician to find the right types of medication and lifestyle changes. For example, if you have lots of dizziness and instability when walking, any drugs that enhance those symptoms should be avoided. Fall prevention is important.
In addition, if you start feeling symptoms, know that early treatment and prevention are key. Parkinson’s worsens over time because it is a progressive disease. However, there are things that you can do by working with your physician to maintain quality of life and be as independent as long as possible. Nutrition and lifestyle changes play a big role as always in managing disease.
Topics discussed:
Types of dementia
Parkinson’s disease dementia
Lewy bodies
SSRIs / antipsychotics
Risk factors for Parkinson’s disease dementia
Parkinson’s disease dementia symptoms
Takeaways from this episode:
- Not everyone who is diagnosed with Parkinson’s disease will get dementia, but it is a factor in getting dementia, affecting 50 to 80% of people that have Parkinson's.
- There are different types of dementia, such as Alzheimer’s dementia and Parkinson’s disease dementia.
- Parkinson's disease and Lewy Body both affect the body and are similar, but Parkinson’s can affect motor decline earlier before cognitive impairment starts taking place.
- There are no treatments to slow or stop brain cell damage caused by Parkinson's disease dementia, but the treatments available focus on improving symptoms.
- Risk factors include: advanced age, the advanced stages of Parkinson’s (with greater severity of motor symptoms and cognitive impairment), genetic history, behavioral symptoms like paranoia and delusions, and excessive daytime sleepiness.
Resources discussed:
Learn about Parkinson’s disease dementia on the Alzheimer’s Association website:
https://www.alz.org/alzheimers-dementia/what-is-dementia/types-of-dementia/parkinson-s-disease-dementia
Want to deep dive into Parkinson's Disease? Listen to the full interview:
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/2369cf6d/081-lets-talk-about-parkinsons-disease-causes-symptoms-treatments-resources
Get free education and support from the Parkinson’s foundation at https://www.parkinson.org/
Need help? Reach out below:
www.loriwilliams-seniorservices.com
Why should I use a senior placement service for myself or my loved one?
There are 5 reasons to work with a senior placement service, and 3 things to consider when choosing the right locator service.
When you’re researching senior living for yourself or a loved one, it can be a long process that brings up many questions. Without help, you risk wasted time, unwanted stress, and even ending up in the wrong type of senior living that’s even more expensive.
Senior Living Expert Lori Williams has worked in senior placement services for 17 years. Senior living placement services assess your needs to help you find the living situation and senior resources you need. She shares the 5 reasons to use a senior placement service:
1. They save time. No need to Google options and find time to research during your busy day working and caregiving. A senior placement locator will already know what’s in the area. They do an assessment to learn your needs, budget, and location so you can quickly find a place that meets your needs and even brings you joy.
2. Senior locator services have community relationships and knowledge. They know the nuances of each senior living community option, where they are, and what sets them apart - and can educate you. If you like gardening, a senior placement locator can find you an apartment with a patio. They’ll also know the prices and where there’s availability.
3. They can refer you to other resources. Not only can they help you find a home, they can also refer you to other valuable resources: home care, hospice services, elder law attorneys, Medicare specialists, and more. Maybe you don’t actually need senior living and you just need a home health aide - senior placement specialists might know a great match.
4. They offer a roadmap and guidance along the way. If your mom broke your hip, they can help with every step, from preparing to move to settling into your new place and finding a rehab facility. They can also help explain how Medicare works and lay out a plan for the caregivers. They can also determine if staying home safely is possible and connect you to a local Meals on Wheels.
5. They’re free for you to use. It won’t cost you a dime. Senior locator services have contracts with the communities and earn a fee for successfully placing individuals. All other services, like creating a roadmap and connecting you with other services, are free.
Lori also explains 3 factors to consider when choosing your service:
1. It’s best to use a local service – they’ll know your area.
2. Make sure at least one person on staff is a Certified Senior Advisor (CSA).
3. Experience, reputation, and passion matter.
These tips help ensure a tailored experience where you’re helped by those with knowledge on aging and services.
Topics discussed:
· Senior living placement specialists
· Benefits of senior placement services
· Senior living communities
· Independent living and memory care
· Senior living considerations
· Senior resources
Takeaways from this episode:
-A great senior placement service will get to know your personality, hobbies, and preferences to find your best fit.
-Senior placement services offer a holistic experience beyond just matching you with a senior living community. They have contacts throughout the senior care industry and can help find movers, rehab, and even resources to help you stay home as long as possible.
-Residential care facilities (care in a house-type of environment) are less advertised and well-known, but a senior placement service will have the connection.
-Senior placement services are helpful for the “sandwich generation” that’s caregiving for their parents while caring for their children.
-Certified Senior Advisors (CSAs) are great to have on staff – they have deep knowledge about aging and services.
-A national placement service will be less knowledgeable about community reputation and nuances for your particular area.
Resources mentioned in this episode:
Senior Housing 101:
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/78876793/005-senior-housing-101
Ready to downsize? Hear about the service that'll help you sort, sell, pack, and move
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/79673618/029-ready-to-downsize-hear-about-the-service-thatll-help-you-sort-sell-pack-and-move-it
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Dana Mantilia realized how critical it is for people to learn about cybercriminals, identity thieves and scammers while creating her identity protection company.
Criminals often prey upon seniors in particular by playing on their emotions and loneliness, creating a sense of urgency to get them to act fast. That’s why it’s important to have conversations with seniors who aren’t as knowledgeable about the pitfalls of technology so they’re aware of the risks and keep their personal information secure.
This week, Dana joins Senior Services Expert Lori Williams to discuss the top tactics cyber criminals use. She shares common red flags to look out for, so you can spot an attempt when it’s happening. With her protection tips gaining more than 2.5 million views on social media, her advice is useful for people of all ages to prevent identity theft and avoid becoming a victim of fraud.
Topics discussed:
- Senior scams
- Identity theft
- Data breaches
- Credit monitoring
- Phone and email scammers
- Money laundering
- Cybersecurity
Takeaways from this episode:
- Scams tend to play off of emotions and urgency so you don’t have time to stop to consider the likelihood of their claims being false. Realize that in real life, most requests don’t have to happen immediately, so don’t rush to pay anyone.
- Common phone scams include pretending to be a relative that needs money to get out of jail, people from “Medicare” asking for personal information, and “charities” needing donations.
- Use charitynavigator.org to check if a charity is legitimate.
- Never give out your personal information on the phone. Government agencies will reach out to you through the mail, not phone.
- People will take advantage of seniors on dating sites by quickly escalating a relationship and asking for money.
- Don’t transfer money from your account to a stranger's because it could be a money-laundering scheme and you could be held liable.
- Review your privacy settings on Facebook.
- Use different passwords for everything so if your login details are stolen for one account, your others aren’t immediately compromised.
- Be sure to check your Google / Gmail password because your account often stores payment information to all the websites you visit.
Resources mentioned in this episode:
To connect to Dana and learn more about her Identity Protection Business:
https://www.linkedin.com/in/dana-mantilia/
https://www.identityprotectionplanning.com/
To claim your online social security account:
https://www.ssa.gov/myaccount/
To verify a charity's work before donating:
www.charitynavigator.org
To find out if your email address has been part of a data breach:
https://haveibeenpwned.com/
Mexican prison scam video:
https://www.youtube.com/watch?v=mTL1vK6r3qw
To suggest a topic, be a guest or to support the podcast, please email: [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
What to consider when life changes in an instant?
Taking care of a loved one with a life-changing illness or accident is a difficult journey that can happen to anyone. It is a big catastrophe that can change your life in an instant, however, no one thinks this can happen to them until it does. That is why it is important to ensure that you know your insurance and financial options, as well as letting others set up fundraising efforts to ease the financial strain.
In this episode, Lori Williams invites you to join her on the journey of navigating the recovery of her husband, Mark, who suffered four massive strokes on Christmas, and its subsequent financial load. As an advocate and expert in care, Lori shares the lessons she has learned about financing care, and highlights the importance of accepting financial help (or any type of help for that matter) from your family and community.
Topics covered in this episode:
-Life-changing circumstances
-Lifelong care
-Navigating stroke recovery
-GoFundMe and other health crowdfunding options
-Veterans' Care
-Social Security
Takeaways from this episode
Resources mentioned in this episode:
5 tips to remember when your loved one is in Intensive Care Unit:
https://www.loriwilliams-seniorservices.com/aging-in-style-podcast/episode/3eb6bd43/124-5-tips-to-remember-when-your-loved-one-is-in-icu-intensive-care-unit
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Have you ever had something on your heart, and the universe sends you a sign to do it?
Senior Living Expert Lori Williams saw there was an opportunity within the senior living community. Each day she helps place seniors into different living situations: memory care, assisted living, independent living, and more. She also helps connect families to senior resources. These families often wonder what to do with items their loved one no longer needs, such as walkers and wheelchairs – or they need something and are wondering where to find it.
Emelita’s Closet was born from a desire to serve the senior community. Named after Lori’s grandmother who emigrated from Ecuador, it’s a labor of love and a continuation of Emelita’s generous spirit: a donation-based supply closet for seniors in Flower Mound, Texas (and surrounding areas).
Popular donations include:
- Wheelchairs
- Walkers
- Shower chairs
- Crutches
- Boxes of Depends
- Ensure nutrition shakes
- And more
This is a great community resource to connect seniors in the community with tools and items they need. On the flip side, it’s also a great way to donate to those in need who may not be able to afford or find these items. If your loved one recently passed away, it's a generous way to give back in their honor.
Topics discussed:
-Senior donations
-Walkers and wheelchairs
-Serving the senior community
-Senior supply closet
-Inspiring senior
-Senior volunteer work
-Dementia / Alzheimer’s resources
Takeaways from this episode:
- If you feel called to make a difference in your own small way, pay attention. The universe may send you a sign to make it a reality.
- Thrift stores may not accept senior mobility devices. If your loved one passed away, consider donating their belongings to a senior supply closet.
- Great items to donate to a senior supply closet include walkers, wheelchairs, unopened boxes of Ensure or Depends, and more.
- If you need an item like a larger wheelchair that’s harder to find, ask your local supply closet if they have one available.
Resources mentioned in this episode:
To donate and learn more about Emelita's closet, please visit:
https://www.facebook.com/profile.php?id=100090763355708
www.loriwilliams-seniorservices.com
To suggest a topic, be a guest or to support the podcast, please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
From the publisher's feed