Is Rising Mortgage Debt Threatening Retirements?

Older Americans are carrying more mortgage debt and have accumulated less home equity than their peers a decade earlier, according to a report by the Consumer Financial Protection Bureau. The median mortgage debt for those age 65 and older rose 82 percent to $79,000 from 2001 to 2011, according to the agency. And though delinquencies and foreclosures have decreased since 2012, they had increased fivefold between 2007 and 2011 among older homeowners, the CFPB reports. “A home can be a place of …

Tightening the Family Ties

Sometimes I feel like an in-house publicist for my three adult children: a text to the middle son asking him to give his sister a call; an email to the oldest telling him about his brother’s time on a half-marathon; a phone call to the youngest suggesting she check in with her brothers. Why persist in trying to tighten the sibling bonds? Because adult children are often at different stages – and locations – in their lives so it takes …

It’s Time to Talk About America’s Long-Term Care Crisis

AARP applauds the Bipartisan Policy Center for highlighting the need for a real discussion about America’s long-term care crisis and solutions to address it. Millions of individuals and families currently caring for loved ones are faced every day with physical, financial and emotional challenges. Family caregivers need support - individuals want to live independently in their homes and communities - and as a country we are not prepared. Every night, families are discussing these tough issues around their kitchen table. It’s time …

Three Ideas That Thwart Solutions to the Medical Care Crisis

The medical delivery system is under pressure to provide quality health care despite these dire trends: ·         Reduced access because of the closing of community hospitals and low-cost clinics, ·         Staggering increases in the cost of drugs, medical treatment and insurance, ·         An increasing reluctance of HMO’s to refer patients to specialists, and ·         A dramatic increase in the number of uninsured, now estimated at 50 million and growing. I could also mention the loss of physicians who are retiring …

Prepare for Hurricane Season with the Operation Hurricane Prepare Toolkit

The 2010 Hurricane Season officially started yesterday and according to Colorado State University’s Tropical Meteorology Project, the activity this season will be above-average. “The December 2009 report estimates approximately 11-16 named storms, 6-8 hurricanes and 3-5 major hurricanes occurring during the 2010 Atlantic hurricane season, which is more typical of years in an active era, such as the 1995 season.” Are you ready for an over-active hurricane season? Do you have a basic hurricane supply kit? How about an evacuation …