<![CDATA[retiredbrains.com - Blog]]>Thu, 23 Jan 2020 11:05:49 -0800EditMySite<![CDATA[How Phone Scammers Target The Elderly]]>Thu, 23 Jan 2020 18:02:56 GMThttps://www.retiredbrains.com/blog/how-phone-scammers-target-the-elderlyIt is unbelievable that there are people in this world who deliberately target older adults as easy prey for their scams. There are many facets of why the elderly are more prone to phone scams.

Older people make almost twice the number of purchases via phone than any other demographic. This purchasing behavior makes them especially vulnerable to scammers. Elderly people are more likely to live alone. They often do not have a trusted source to ask if they have questions about a potential scam.
Some of the most common scams on the elderly include:
  • Charity Scams
    The scammer pretends to be with a charity organization. These scams pop up frequently in the wake of natural disasters. The scammers are counting on the very human desire to help those in need after a tragedy. They solicit a donation for a fake charity, and the funds disappear along with the phony charity.
  • Unexpected Winnings
    A scammer pretends that they have “found” a large sum of money belonging to the individual they are targeting. The person needs to pay a fee for them to return the money. These con artists often pose as lawyers, and the fake money is from some long-forgotten investment or tax refund.
  • Fraud Against Seniors
    The predator pretends to be from the Internal Revenue Service. The senior citizen receives a call warning that they owe significant back taxes. If they will pay today, the person is authorized to take a smaller payment.
  • Fake Accident Ploy
    The fake accident ploy is a scam where the caller claims to be a friend or representative of a relative or child who has been in an accident and needs money sent right away.
  • Lottery and Sweepstakes Scams
    The caller claims that they are with sweepstakes or lottery department. The victim of this scam receives a call informing them that they have won a large sum of money. They need to pay an upfront fee to have the funds delivered.
  • Medicare and Medicaid Scams
    Medicare and Medicaid scams take advantage of the confusion around medical plans. The victim may have discussed health care plans via phone with a legitimate source in the past, so it does not seem strange to discuss it again. Of course, the hook is always a way to purchase additional insurance or pay to keep from losing their coverage. 
​How can you help protect older relatives and friends?
  • Regularly call or visit. The more isolated an older individual feels, the more vulnerable they are to a con artist. Having fallen prey to a scam, seniors often hide the theft out of embarrassment or because they do not know where or how to report the fraud
  • Talk to your older friends and relatives about the most common scams and encourage them to never give out information over the phone. Ask them to refer all calls that need them to pay money to you or another trusted source. Reassure them that you will let them know if it is a legitimate business that needs their attention.
  • With their permission, set up safeguards at the bank. Some suggestions would be to agree to move their money into an account that automatically drafts their bills and other recurring expenses. A separate account links to a debit card that they keep possession of for their spending purposes.  Then agree on a monthly budget for the different spending account.
  • Make sure they know that they can reach out to you or someone else, to discuss any phone calls that they are not sure of the validity. Remember, scammers, are constantly evolving their methods. 
  • If an elderly relative is experiencing cognitive decline, petition to have someone take charge of their finances. This can be a complex situation in a family, so work together with family members to make the transition as easy as possible for the older person.
  • Phone scams are not the only threat from con artists. They are also posing as a technical support specialist, account managers, and various other professionals. A study done in 2015 found that the elderly lose 12.8 billion dollars every year due to financial fraud. Remind your older friends and loved ones to monitor their credit and bank statements monthly for any signs of fraud. Offer to go over these statements with them if they are willing.
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<![CDATA[Safest Destinations To Consider For A Family Vacation]]>Fri, 17 Jan 2020 06:48:17 GMThttps://www.retiredbrains.com/blog/safest-destinations-to-consider-for-a-family-vacationFinding a suitably safe region to enjoy a family vacation can be quite daunting. While you would hope to find a destination that is safe enough to truly enjoy your relaxing well-deserved getaway, you would likely not want to compromise on quality life and affordability. We have compiled a list of the top-rated destinations when safety and affordability are in question. If you’re on the hunt for the safest destinations in the world to travel to for a family vacation, the following options will definitely be worthwhile.

Canada

Even though Canada may not be the cheapest destination to travel to, the high quality of life and tranquil landscape here make the spend well worth it. What’s more, you will be able to find affordable car rentals in Montreal to enjoy flexible travelling during your stay. The region is well-known for being one of the safest in the world as it is often considered a haven from the higher crime rates in the United States. This means you and your family will be able to take advantage of the ultimate peace of mind associated with visiting a safe region and truly relax during your well-deserved vacation. 

Poland

Poland is a surprisingly safe region and in addition to this, the general cost of living is incredibly low. You will be able to enjoy luxury hotel stays here without having to spend a small fortune and the serene environment means you and your family will be able to stroll the streets and feast your eyes on the incredible architecture found here. Getting around Poland via train, bus, taxi cabs, or rental cars is exceptionally affordable, which means you and your family will be able to get the most out of your stay.

Greece

Greece meets the mark for a region that is both suitably safe and impressively affordable for a family vacation. As this region is often considered a great choice when retiring abroad, you and your family will be able to enjoy the incredibly enchanting landscaping, decadent local cuisine, and general affordability. It may not be the best idea to roam the streets as the area is known for petty crimes such as pickpocketing. When visiting Greece, there are tons of budding tourist attractions to include on your travel itineraries, such as the Parthenon and the Acropolis Museum of ancient treasures.

​Singapore

If you are really hoping to stretch your budget without compromising the safety of your family, Singapore would be a great region for a family vacation. Even though Singapore is one of the more pricey places in Southeast Asia, the general cost of living is still significantly lower in comparison to living in Europe or the United States. Furthermore, the low crime risk means you will be able to save significantly while enjoying general safety. The fascinating city is a definite bucket-list destination for travellers and the local cuisine is sure to make for a most intriguing holiday stay for you and your family.
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<![CDATA[Understanding psychology of grief & the impact of memorials]]>Sat, 28 Dec 2019 08:00:00 GMThttps://www.retiredbrains.com/blog/understanding-psychology-of-grief-the-impact-of-memorialsWhat causes people to experience the emotions associated with grief? What are the psychological processes that put someone into a state of grief? Join us as we explore key psychological implications of grief and how memorials can help process these challenges. As we dig deeper into this subject, our goal is to come out of this with a better understanding of the scary world of grief and how memorializing a loved one can help.

Grief is the term that is used to describe the intense physical and emotional reaction a person experiences after the death of a loved one. The period of grief is characterized by not only deep sadness, but also an intense yearning to be with that person. According to Holmes & Rahe,1967, the death of a loved one is believed to be the most powerful stressor in everyday life which causes substantial distress to anyone who was connected to the deceased. Another study about coping with bereavement, showed that people who are bereaved face higher risks for mental health problems which include:
  • Substance abuse
  • Depression
  • Increased risk of suicide
Most people who go through bereavement will over time adapt to their loss and their grief, but the extremely painful period of the bereavement human experience can take many months or even years for a person to adjust to.

How psychologists can play an important role in helping the bereaved

​The majority of people who have been bereaved will not have a DSM-IV diagnosis, but they can benefit from psychologists who can help them adapt to their loss in order to go on and live a meaningful life. The model of cognitive behavior therapy (CBT) can provide a useful framework that can be used by clinicians to help them better understand the behaviors of bereaved people and it also provides strategies that can help individuals exert a stronger sense of control.

Furthermore, CBT-focused therapy can also help people work on their thoughts and feelings around death and grief and also help them make plans to build a new life without the deceased. This behavioral model can be applied to both clients with normal reactions to grief along with those who suffer from complicated or prolonged grief.

Understanding the unique experience of grief

​Every single person processes the emotions of grief in their own way. No two people will experience the same “road map” when it comes to working through these intense emotions.

During the first few months following the death, the bereaved are often left feeling scared and uncertain. They do not know exactly what to expect and how differently their lives are going to be. One of the most mentally challenging questions people wonder is whether or not what they are experiencing is normal. In fact, for many it can make them feel like they are going crazy. 

Part of the important role psychologists can play in the processing of grief for individuals, is that they can help provide reassurance and let the bereaved know that their emotions are completely normal. This can help provide a sense of control and facilitate the acceptance of death. 

Psychologists can also help the bereaved come up with their own ideas for memorials, tributes, or rituals that can help them find closure and feel like they have honored the memories of a loved one. 

Working through the difficult psychological components of grief

Loss, change, and control are three of the major psychological components of grief. Naturally, when someone dies, the bereaved focus on the person who died.

To work through these components, it’s important that the bereaved acknowledge their loss and express how much that person meant to them. Change is inevitable and people need to learn to navigate their new life. Part of this means they need to try new things. The concept of control is integrated throughout the grieving process. 

The popularity of cremation is increasingly on the rise worldwide. Control is exerted when the bereaved make the decision to have a loved one cremated. Once a loved one has been cremated, the question remains of what should be done with the ashes. 

Modern technology and trends have brought about some interesting and unique ways to handle the cremated ashes of a loved one. While many people will keep the ashes stored in a symbolic urn that they may display on a shelf or mantle - others are looking for more innovative and expressive ways to make a memorial from the cremains. 

Tattoos can be created that actually include the cremated ashes of a loved one. People can have some of their loved one’s ashes actually used in the creation of a record that holds some memorable songs. Scattering ashes is still a popular practice as well. 

However, there is one thing that you can do with cremated ashes that will immortalize a loved one with an object that lasts forever. A diamond.

Funeral diamonds help people find closure and celebrate the memories of a loved one

​Most of the other memorials will fade or not last forever. Authentic diamonds can be grown by extracting a pure carbon sample from the cremated ashes of a loved one. By doing this, you are immortalizing a loved one by having their carbon turned into a diamond, which is forever. Have this diamond set into a piece of jewelry, and it becomes a treasured heirloom that can be passed down from generation to generation. 

This also serves as a brilliant way to give the bereaved closure. Having a physical piece of the deceased transformed into a diamond allows them to hold them close forever. This also allows them to demonstrate the deep love and emotions they hold for that person and put that on display. They are able to exert control over the selection of a tribute that best represents their personality and memory.

How much does a cremation diamond cost?

When someone first looks into the idea of having their loved one’s ashes turned to diamonds, naturally the first question that is one their mind is:

“How much does it cost to have cremated ashes turned into a diamond?”

Just as every individual is unique, so is every single cremation diamond and the cost that it takes to have it made. At Heart in Diamond, there are various prices for cremation diamonds that start as low as $750. The two main factors that will determine the price of a cremation diamond are the size and color of the gem. There are five different colors offered by HID, including:
  1. Clear
  2. Blue
  3. Ruby red
  4. Orange-yellow
  5. Yellow-green

Ordering a custom cremation diamond is easy

The first step is to choose the type of diamond you want. Things like cut, color, and carat size will need to be decided on before moving onto the selection of jewelry. If you want to have a set of cremation diamond earrings made, this will also need to be considered and there are options for ordering sets of mini-diamonds.

Once you’ve selected what you want to go with, you can use the easy online form to order your diamond. A HID service representative will be available to you to answer any questions you may have along the way. The official order form for completion and submission will be emailed to you. You will also receive a personal collection kit for your sample. 
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<![CDATA[How Seniors Can Benefit from Online Dating]]>Fri, 20 Dec 2019 17:58:15 GMThttps://www.retiredbrains.com/blog/how-seniors-can-benefit-from-online-datingMany people find themselves without a partner when they reach their senior years, and this can be for a range of reasons. Some people never quite got around to meeting the right person and may have been single for years. Others may have lost their soulmates and have found themselves single as a result. Some may have got divorced somewhere along the line, and by the time they retire, they find themselves on their own.

Retirement is a time in your life when you finally get the time to enjoy yourself, relax, and be adventurous without the worries of work. However, for many people, doing these things alone is nowhere near as good as with a partner. A lot of older people who retire want to have someone to share their time with, and for those who are single or widowed, an online dating site could prove to be the perfect solution.

Why Consider Online Dating for Seniors?

Many people associate online dating with younger people who are looking for love. However, there are many older people who are also keen to find companionship, romance, and love, and this is where online dating sites can help. Often, as you get older, you begin to go out less and, in addition, you find that people your own age are already married and have been for many years. This can make it difficult for seniors to meet someone with whom they can share their retirement years.

Online dating changes all of this, as it means you can meet other people close to your age group who are also single and looking to meet someone. Many older people are perfectly comfortable using internet technology these days, and the uncomplicated nature of online dating sites means you should have no problem using them. In addition, there are now online dating sites that are dedicated to older people. So, you can boost your chances of finding the ideal companion or partner as well as making new friends along the way.

You may have spent many years saving money and planning for your retirement, but you can make the most of your golden years by finding someone to share them with you. Online dating makes it much easier for those who are looking to do this, and you can start a whole new chapter in your life by meeting someone special on these internet dating sites. If you have not dated for many years, online dating is also a great way to build your confidence back up when it comes to getting to know new people.

If you are worried about security, you don’t need to be, as there are lots of methods you can use to boost safety with online dating. You can look at criminal records and conduct a background check on people online, and you can get to know the people you are interested in via free messaging and video chat facilities online.

These are just some of the many benefits of online dating sites for seniors.
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<![CDATA[Ways to get medical advice from Doctors?]]>Fri, 01 Nov 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/ways-to-get-medical-advice-from-doctors
The inculcation of the internet in our daily lives has proved to be very advantageous as well as progressive. The world has become a more closed sphere and people now have access to global advancements and knowledge. By just clicking a few buttons on our computers or smartphones, we are able to access information from any part of the world or get access to any services from within the comfort of our homes.

The advantage of the wider web of the internet and their implications can be clearly seen in the healthcare and wellness domain.

It is now possible to consult a professional medical consultation from within the comforts of a person’s home. Many platforms, readily available on the internet, have a panel of doctors which cater to the patient’s grievances online.

​Getting free doctor consultation online solves the major problems associated with getting a physical consultation from doctors at various hospitals such as list of doctors at Ramkrishna Care Hospital. The various underlying shortcomings of getting offline consultation are-
1. Inaccessibility and time consuming – Physically getting a consultation from a doctor is a very hectic and time-consuming task. The patient has to book an appointment, then select the next available slot, and then actively travel to get a consultation from the doctor. This is a very frustrating process especially for someone ill. It is also possible that the specialist or concerned doctor in the vicinity is not free to give consultation on the same day or time in accordance to the patient. All of this can create a lot of unrest among the patient

2. Expensive - The medical professionals are known to charge hefty fees for consultation as well as various prescribed tests during a physical consultation. In spite of the tiresome task of physically visiting a doctor during an illness, the patient spends on travel as well as pays a substantial consultation fee in order to get their medical checkup done and receive a medical opinion and prescription.

3. Makes patient’s more susceptible to other illnesses – Physical consultation requires a patient to travel to a hospital or a doctor’s facility making him vulnerable to various infections and illnesses from other patients. In most cases, patients suffering from an illness have very low immunity and their chances of falling prey to different illnesses are relatively very high than a person who is well. Airborne diseases are highly contagious and hospitals and clinics are the breeding ground for infections and germs.

4. Under supply of specialized doctors - The number of specialized health care professionals in the healthcare industry is lesser than the ever-rising population of patients in need of specialized consultation. Earlier the only option for such patients was to travel a long distance to different geographical locations in order to get a specialized consultation. 
Getting online consultation is the solution to all the above-mentioned shortcomings associated with getting a physical consultation. The various advantages associated with getting doctor consultation online are- 
  1. It is one of the most economical doctor consultation options in the present times. Almost all online consultation platforms provide their users with an option to get free medical assessment and consultation from medical practitioners and specialists from within the comforts of their house.
  2. It is an immediate way to get a response and to procure prescription. Online healthcare and wellness portals such as Docprime healthcare have a Chatbot service which provides an immediate response and connects the patients to the appropriate medical practitioner available on their panel. It is the fastest and most accessible way to get prescription and medical advice.
  3. It is a very convenient and readily available consultation option. With the introduction of various online doctor consultation platforms, it has become very easy for a patient to get doctor’s consultation 24*7 without leaving from their comfort zone.
  4. Online consultation helps in overcoming the barrier of locational boundaries. More often than not patients have to travel long distances in order to get specialized medical advice from doctors in case of severe issues or uncommon illnesses. With online consultation, patients are able to share their symptoms, illnesses, condition and, reports with a doctor who is in a different geographical location than the patient.  
  5. A patient can fully disclose their symptoms and condition on an online platform without any shame or hesitance. In physical consultation, it is possible for the patient to not disclose some facts that they feel hesitant about. This allows them to fully disclose all details pertaining to their illness and thus help them in getting a better diagnosis and appropriate course of treatment. 
  6. Getting online consultation also helps in storing and retrieving the medical history of a patient. This saves the patient a lot of time when going for a second consultation. This helps in eliminating the long process of repeatedly explaining to the doctor about the prior illnesses, condition, allergies, and other health-related details.
The ambiguity in people’s mind regarding various conditions, symptoms, illnesses can now be easily searched on the multiple online health and wellness consultation platforms available on the internet.
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<![CDATA[3 Benefits of Options Trading]]>Thu, 24 Oct 2019 16:28:50 GMThttps://www.retiredbrains.com/blog/3-benefits-of-options-tradingMany people get their start in the world of trading by dabbling in stocks, which is a natural transition from investing in mutual funds. Stocks are also the most commonly talked about instrument to trade. However, there are clear limitations to trading stocks that traders will learn about once they start trading. That is why some people look to start trading options.

As you begin your journey, it's important to look for reliable Information about stock option trading for beginners. Here are some basics you should know.

What is Options Trading?

Before you begin your journey into options trading, it's important to understand what's an option. It's a contract that allows you to buy or sell (though it's not a requirement) an underlying instrument like a stock at a predetermined price over a specific time period. If you buy an option, it's called a "call option." This gives you the opportunity to buy your shares of a stock in the future. Whereas, if you buy a "put option," you have the opportunity to sell shares of a stock in the future.

Now you need to understand that you don't own a company when your purchase an option in the same way that you do when you buy a stock. Options are derivative securities. They don't possess real value. You're basically betting on whether a stock will rise or fall in price over a certain span of time. You could also be using it an option contract as a form of insurance to hedge your bet on a stock.

This may seem complicated for stock option trading for beginners, but you will come to a better understanding over time and with more experience making trades.

Benefits of Options Trading

Lower Initial Investment

Unless you've got a margin account for stock trading, it takes a lot of capital to make a significant amount of money with stocks. This is because it costs a lot less to purchase a contract for a stock than to buy ownership in stock outright. The $25,000 pattern day trader also doesn't apply to options traders.

For example, if you were to buy 100 shares of an $100 stock, it would cost you $10,000. On the other hand, if you wanted to purchase two $20 call options with each contract representing 50 shares, it would only cost you the total outlay would be only $2,000. You'd be able to use the rest of your capital to make other purchases. For stock option trading for beginners, this is a great opportunity to use you capital more efficiently.

Less Downside Risk

One of the potential dangers of stock trading, especially with poor money management if the chance for a catastrophic loss. If the value of the stock you purchased drops to zero, then you've lost everything.

Thankfully, when you buy a put or call option, you don't need to actually buy or sell the stock you got a contract for. You've got an option (pun intended). If you're wrong about whether a stock will go up or down over a certain period of time, your losses are limited to the amount you paid for your contract. This is comforting fact to know when stock option trading for beginners are concerned about trading something new.

More Upside Potential

Options trading is a great value in terms of risk-to-reward ratio. If you buy a stock outright, it costs a lot more and your returns will be much less than if you were to buy a similar call option contract for the same stock.

As an example, imagine if you were to buy 100 shares of a stock for $50 a share. If the stock rises in price to $55, your return would be $5500 (or 10%) for your $5000 investment. Now imagine if your purchased a call option of that stock for $20 for a 100-share contract. Assuming you went by the general rule of picking a delta of 80, you would make 80 cents for every $1 the stock grows in price. In this case, you would make a return of $4400 for only investing $2000.

If you're now looking to expand your trading opportunities in the world options, check out this great guide for stock option trading for beginners.
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<![CDATA[Becoming Money Smart: Financial Planning For Retirement]]>Tue, 22 Oct 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/becoming-money-smart-financial-planning-for-retirement
Retirement is a withdrawal from your position or occupation or from your active working life. It is when you become financially stable without working anymore ⁠— in short, financially independent. Savings, investment income, and/or pension income are just some of the financial sources that will cover your daily living and expenses after retirement.

However, many fall short in saving enough for their life after retirement. Some don’t have enough investments, and some have pension funds that are in jeopardy. This, in turn, burdens the retiree. Instead of relaxing and living their dream after retirement, retirees work longer that they wanted.

To live your dream after your retirement, you must carefully plan your financial independence after retirement. Starting early gives you more room for financial adjustments. Because expenses stretch out substantially after years of retirement, especially on health care costs, looking ahead and budgeting savings that will last much longer than your anticipated years. To help you plan out, here are six financial sources that you may consider.

Investments

​Investing in the future should be one of the main priorities when you think about retirement. Determine first the retirement income that you need to continue enjoying the life you want to live in your golden years. If you want to have a comfortable life after retirement, you may want to invest in multiple companies to earn multiple sources of income. Whether you want to invest in annuities, bonds, exchange-traded funds, or mutual funds, it best to invest in long-term sources.

However, if you fell short and you still have no investments and no present money for investing, CreditNinja can help you with your problem. Their services include installment loans and bad credit loans. Such loans that they present have low-interest rates and have a longer time to pay. In this way, you can earn from what you have loaned and pay for it even earlier.  It is best to loan for investment rather than for personal use.

Social Security

Social security is a crucial source of funds for retirees. Even in your 20’s, you should have already applied for social security. Religiously pay for your social security. Sometimes, social security depends on how much you have earned throughout your lifetime. This means that higher earnings result in higher benefits.

In some cases, retirees still want to work after their retirement, and that is not a bad thing. Whether you want to have a job as a hobby or you want to have an additional income for your retirement, you always have the option to work. Presented below are three different types of jobs you can take based on your capabilities and working circumstances.
  1. Home-Based Retirement Jobs
    For retirees, especially those who like to work in the comfort of their home or those who cannot work outside due to physical problems, they can always opt for home-based jobs.

    Online selling is one of the booming home-based jobs that retirees can choose. They can do online selling by retailing. Buying bulk products from companies with discounted prices and selling them online through social media and websites is  an effective online selling technique.

    If you have good entrepreneurship skills and you want to engage in business without leaving your home, opting to be a telemarketer is a good choice. As face-to-face communication through the internet and multicellular calling become widely used, telemarketing becomes easier.

    For those retirees who are skilled in writing, there are a lot of writing jobs on job websites. It’s a bonus if your hobby is writing because you can earn while doing your hobby. Copyreading is also for retirees who are good at linguistics.

  2. Supplemental Retirement Part-Time Jobs

    For those retirees who can still do physical activities outside their home, part-time jobs are available. Some companies hire retirees for their business. Office jobs like being a consultant, a hotel attendant, or a tax preparer are just some jobs that retirees can opt for depending on what skills they have. 

    For those retirees with more physical capabilities, jobs like being a driver, event staff, caretaker, pet sitter, or even a teacher can be options.

  3. Business Building After Retirement

    Before retirement, you should have the savings needed for everyday living. However, if you have thought that your savings may not be enough after retirement, one solution for that is to invest your savings in building a small business. 

    Turn your savings into your capital. Small businesses require small capitals. It may be risky in dealing with such a business. However, you carefully plan your business, you can turn your savings into a lifetime financial income source. Come up with a business idea that is creative and on-trend at the same time. This will help you gather customers to make your business booming.

Takeaway

​Financial planning goes a long way. After long years of working hard, we all want to sit back and relax to enjoy the good life. The life that you have always imagined after your retirement is within your reach if you carefully plan your financial independence.
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<![CDATA[3 Times You Shouldn't Think Twice About Taking a Loan]]>Fri, 18 Oct 2019 06:28:28 GMThttps://www.retiredbrains.com/blog/3-times-you-shouldnt-think-twice-about-taking-a-loanFor many people, taking out a loan is a viable option for times of financial need. The actual application process varies by lender, but you may be able to get your hands on a sizable amount of money with minimal time and effort required. But because of how easy it is to take out a loan, many people struggle with the heavy financial burden of monthly debt payments. They borrow money unnecessarily and without a strategy for paying off their loans. As a result, loans generally have a bad name. While it is generally wise to steer clear of unnecessary debt, but there are instances when you should not think twice about borrowing the money that you need. A closer look at these situations will help you to feel confident when managing your money going forward.

Emergency Medical Care 

The high cost of medical care is well-known. Even if you have a reasonable health insurance plan, you may still be required to pay a small fortune if you or a family member needs treatment in an emergency room. The cost of a hospital admission, surgery, testing and other treatments can be an even greater burden. Nothing is more important than the health of you and your family members. When emergency medical services are unexpectedly needed, you should not think twice about getting the treatment you or your loved ones need. You may also be able to shop around and compare treatment costs at various medical centers in your area to further reduce the financial burden.

Unexpected Home Repairs

Your home is your primary shelter, and it must be well-maintained in order to be as protective as it needs to be. Your property is also a significant asset, and you may lose a substantial amount of money if the condition deteriorates. While homes require regular care and maintenance, sudden and unexpected damages may arise when you least expect them. Serious repairs can render your home unusable, and the property’s condition may continue to deteriorate until the work is completed. For example, a sewage backup situation could spread unsanitary waste throughout the lower level of your home. If you fail to act quickly, you may face mold growth, health issues and other effects. Maintenance issues like roof repairs and flooding from a ruptured pipe are some of the other unexpected but urgent situations that require immediate action. When you find yourself facing unexpected home repairs and don’t have the savings to cover them, applying for quick loans online could be a smart idea. Better yet, if you have a rainy day savings fund, you may be able to cover these expenses outright.

Insurance Deductibles

You may pay regular premiums for several types of insurance with the knowledge that your insurance coverage will protect you against serious financial loss. For example, a car accident could result in thousands of dollars of auto repairs, liability-related expenses if you cause the accident, medical bills and more. Each time you file a claim for auto insurance, you typically need to pay a deductible. In some cases, you may need to pay multiple deductibles at a time. For example, if a major storm passes through your area, you may need to pay an auto deductible for each of your family’s cars as well as a home insurance deductible. Ideally, you will have enough money in your savings account to pay for all deductibles at once in a worst-case scenario. If you do not have this money available, however, it makes sense to take out a loan.
Taking on debt unnecessarily should understandably be avoided. If you have the ability to pay cash for your expenses, such as from a rainy-day fund, you should do so. Likewise, if you have time to save money, you should take advantage of that luxury. A short-term loan can be a lifesaver when you need extra cash for an unexpected emergency. If you do need to borrow money with a loan, only borrow what you need. Ensure that you can afford to make the monthly payments and adjust your spending habits so that you can pay the balance off as soon as possible.
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<![CDATA[Money Saving Tips for Later Life]]>Mon, 07 Oct 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/money-saving-tips-for-later-lifeLiving off a very lowly pension can be a struggle financially. However, there are always ways to save money. Continue reading for our top tips to help you feel more comfortable about your finances.

Sell

Have a look around everything you own. Do you still use that vacuum cleaner you bought on a whim? What about that foot spa? You undoubtedly have several things within your property, which are gathering far more dust than anything else. Try to sell them if you can. The money you get from doing so could be saved for upcoming events, such as birthdays or Christmas, or simply used to pay off recent bills. 

Deals and discounts

​Many stores offer senior discounts on certain days of the week. It is worth investigating prior to making purchases as you could save yourself hundreds or thousands each year by being a savvy shopper. You have probably received leaflets through the door offering you a certain deal if you are of a certain age. Again, it is certainly something that you ought to consider. Cafes and restaurants sometimes have cheaper lunch menus aimed specifically at pensioners. Again, if you plan ahead, you could save a significant amount of money over the course of just a few months.

Plan

Planning your meals in advance is a great way of saving money. Your grocery shopping trips will probably take half the time and you will definitely reduce your spending. At the end of your week, you will also have less waste. If you have coupons, try to keep these next to you while you are doing your meal planning as this will help you save even more. Special offers leaflets can also assist you in making sure you get the best deals. Contrary to popular belief, shopping in several different stores to get the best buys is not always the right thing to do. The amount of money you spend on gas increases.

​Switch suppliers

Switching energy suppliers can have a huge impact on your monthly bills. In fact, it is one of the easiest changes you can make. It can be as straightforward as visiting a switch website, entering your details and picking the package that works best for you. This is also a great way to change to a more environmentally-friendly form of energy, as many renewable sources will be on offer.

Move

​Moving to a property that is smaller or requires less maintenance could make a huge difference to your outgoings. Be sure to have the conversation with family members first to gather their opinions. Alternatively, have you considered moving from your home to assisted living or a residential care home? A senior placement agency would be able to talk you through your options and help you to work out the best way forward for your personal circumstances. Although this may not seem like a money saving idea, it could well be in the long run depending on what is included in the total cost.
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<![CDATA[Achieving Career Goals Without Compromising Work/Life Balance]]>Wed, 02 Oct 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/achieving-career-goals-without-compromising-worklife-balanceMany young working professionals inevitably question the chosen career paths at some point and wonder if reaching their ideal goals is realistically plausible. While several decisions would lead you further along the road to financial success, there are also several realistic challenged along the way. Because everyone dreams of success in their careers all while dreading assumed sacrifices and the overall impact on their work-life balance, here is how you can strive towards success without compromising your personal ambitions.

​Don't Rush Yourself

Understandably, you may be anticipating the result of reaching financial success, although, this certainly won't happen overnight. Therefore, rather than rush yourself, you should organize your schedule and assess every possible option to pace yourself. It is highly likely that you would need to further your education to be able to advance your career, which means that you should evaluate every institution to determine which will be able to offer you precisely what you need. Because all universities are not created equal, conducting a thorough search will help you discover how many universities in UK are actually suitable for your personal requirements.  It would be best to give yourself enough time to accurately assess your options to take on the challenge with confidence. Reaching your career goals is a journey, and therefore, you should never entertain the idea that rushing yourself is a logical solution.

Determine Compromises And Sacrifices

For some, sacrificing social gatherings may be a complete deal-breaker, while others may be unwilling to part with family time. However, rather than stray from your career plan, you should determine what aspects of your life you are willing to compromise and which you would be able to sacrifice to reach your goals. You would logically have to make some necessary changes to your daily routine, although, sacrificing too much is not recommended as this would eventually negatively affect your ambition. Creating a realistic schedule that would allow you enough time to enjoy life while also allocating adequate time towards work and your education is crucial. Facing a challenge with assumptions is by no means a logical approach. Understanding which aspects of your life are worth sacrificing will prevent you from neglecting essential elements such as family time.

Embrace Student Life

​Even if you are a working professional, embracing student life will definitely aid your education. This means you should make efforts to socialize with other students as you will essentially be able to encourage one another along the way. It is not uncommon for older students to feel as though they should simply attend classes and keep to themselves due to an age gap and other factors, although, embracing the experience will actually enhance your work-life balance. While you should logically avoid missing work responsibilities to attend a student party, you should also allow yourself the experience where possible. As most students rely on side jobs and part-time responsibilities, you should keep in mind that your classmates are not entirely as irresponsible as you may suspect.
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<![CDATA[How to Make Your Home Energy-Efficient?]]>Fri, 20 Sep 2019 19:32:56 GMThttps://www.retiredbrains.com/blog/how-to-make-your-home-energy-efficient​We are living in an age dominated by innovations and technology. To live efficiently, you might use smart technologies, transportation, the latest mobile applications, and more. With all these necessities of life, people are looking for different ways that can make their lifestyle more energy-efficient. The truth is people have become more conscious when it comes to consuming energy as it saves them money as well as keep the environment green. Wonder why the majority is not living greener!
Not everyone has taken part in making their living energy efficient where everybody must contribute to it. If we all start making just one eco-friendly change from today, we would meaningfully affect the planet, our communities, and energy bills. As the quote goes like ‘be the change you want to see in the world’. Therefore, if you are willing to bring a small change from your side and want to make your home more energy-efficient, then you have come to the right place. Below in this article, we’ve mentioned a few effective ways that can help you reach your goals. If you are interested in learning about them, read till the end!

Properly Seal and Insulate Your House

The foremost important thing you should do is to improve the insulation in your house. Wondering why? In cold wintertime, if you do not have a good insulation system or properly sealed home, then you are more likely to let out a lot of your heat. As a result, it can cost you a lot of money plus it will be potentially damaging to the environment. Therefore, to prevent such situations, make sure your home is properly insulated. Either you can do this by yourself, or you can get the job done by professionals.

Use Energy Efficient Appliances

We all know for a fact that the appliances we use at home can be detrimental to our environment. While switching to energy-efficient appliances, make sure to choose air conditioner, gas heating system, heat pumps, etc. with the HE logo on them. Such appliances use less energy, which may cost you a significant amount in the beginning but save you money in the long-run. Moreover, these home appliances will have a less negative impact on our planet.

​Replace Incandescent Bulbs

​The average household pays 11% of its energy bill for lighting only. Traditional incandescent bulbs convert around 10% of the energy into light, while the rest 90% becomes heat. However, to resolve this issue, compact fluorescent lamps (CFLs), halogen bulbs, and light-emitting diode (LED) bulbs were introduced. They offered lasting light and are more energy-efficient as compared to old incandescent lights. Moreover, the average home would use over 40 incandescent bulbs, which can result in a significant bill. Therefore, switching to greener lights is the best way to save on hefty electrical bills as they can reduce your energy use by 50% to 75%.

Consider Solar Panels

​What could be a better way to ensure energy-efficient home than installing solar panels. This can be a little expensive option to consider, but if you can afford it, they can be a great investment. Nevertheless, once you have installed them on your rooftop, they will actually cut down on your energy costs and will produce your own electricity. If you really want to save money in the long-run, then this option is something to consider.
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<![CDATA[Essential Coverage Features Every Handyman Liability Insurance Needs to Have]]>Thu, 19 Sep 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/essential-coverage-features-every-handyman-liability-insurance-needs-to-haveIf you want to take out handyman liability insurance, then you will know how frustrating the whole process can be. You may feel as though there are just too many options to choose from and that you can’t possibly keep up with them all. Either way, with this guide, you can be sure to find out whatever you need to know.​

What Is Liability Insurance?​

When you take out liability insurance, you will be covered for everything that you could be responsible for. On top of that, you will be covered for events that are out of your control. In other words, if your partner or even an employee happens to be responsible for an accident that causes damage to a third party then you can protect your livelihood. A lot of policies will cover a certain amount as standard. Usually this is between $2000-$2,000,000. The amount that you choose will be completely up to you and sometimes you can even set the terms of your policy too. When you take out this kind of cover, you are essentially going to be covered for any loss of earnings, loss of future earnings or even compensation too. It will also cover you if you have to defend the claim or if you are found to be at fault for any reason at all.

When do you Need Public Liability Insurance?

If you take out handyman liability insurance then you will be covered for a huge number of things. As mentioned above, you will be covered for personal injury to a member of the public or even to a customer. When taking out your policy, you have to make sure that you are covered for injury to the public and injury to the person who you are working for. You should have this type of cover if you are a handyman who deals with any kind of trade, regardless of how much or how little business you have.

What to Look For

If you’re not sure what to look for when taking out your insurance policy then you need to try and look for things such as public liability cover and temporary employees too. When you have this kind of cover, you will usually be covered for a certain amount of people and you will also be covered for a set duration of time too. This is ideal because if you need someone to help you out in a hurry then you don’t need to worry about your liability regarding the situation. You also need to make sure that your policy covers any working partners you have if you are registered as being in a partnership. Cover for your business stock can also be an optional extra too. If you are not sure if your insurance policy has this or not, then you can easily talk to your provider to find out more. This type of cover will protect you if any of your equipment becomes damaged during an accident, involving the public or a third party.
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<![CDATA[Turn Your Home into a Money-Making Machine]]>Tue, 17 Sep 2019 19:14:05 GMThttps://www.retiredbrains.com/blog/turn-your-home-into-a-money-making-machineOwning a house is one of the most significant and most exciting accomplishments. However, with all the utilities, property taxes, and mortgage payments you have to make, it starts to feel like a burden really quick. But what if you can turn your home into an income-generating machine that can pay for itself? Here are six ways your home can give you income;

1. Rent to a film company

Film companies are always on the lookout for prime locations to shoot their movies. If your house has that homely feeling or it looks a bit haunted, you could be sitting on a goldmine. According to Locationshub.com, film companies could pay you enough money per day to clear your monthly mortgage payment.

2. Renting out a spare room​

Are your kids off to college? Have you turned your attic or garage into a spare room? You can rent out space rooms to a college or exchange student who will not give you any trouble. Be sure to contact a lawyer for the paperwork and also do your due diligence to ensure they are good people.

​3. Airbnb

Airbnbs are the next best thing after the internet and Uber. The app does all the hard work for you, and all you need is to prepare your home. The great thing about this is that you can rent out a few rooms or the whole house depending on how much they are offering. Use a stamp duty calculator to find out how much money you need to source out. You have to get used to sharing your haven with other people, but it’s worth it at the end of the month.​

4. Rent out your parking space

If you are fortunate enough to have a house near a popular venue and you have ample driveway, you can rent it out as parking. There are plenty of parking apps like JustPark and ParkLee that you can use to advertise your driveway. Be sure to check with the authorities whether it’s legal first.

5. Add a rental suite

​You may not be comfortable sharing your space with some strangers, but you can still have renters if you build a separate rental suite. Make sure the suite is self-contained with a kitchenette, bathroom, and appliances so it can fetch good money. Just like renting your driveway, ensure it’s legal to build a rental suite on your property.

6. Become a gardener

Are you blessed with a big lawn or garden? You can transform it into an organic market where you plant everything from tomatoes, green vegetables, carrots, and fresh herbs. The organic industry has grown in leaps and bounds so your vegetable garden can bring in a good income.
There is no limit to how you can utilize your home to make money. Some people decide to work from home, rent out their garages as storage, and even give out their vast front lawns for events. All you need is a bit of creativity and of course, reading such resources to get ideas.
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<![CDATA[7 Questions You Need to Ask Yourself to Protect Your Finances in 2019]]>Tue, 10 Sep 2019 17:30:48 GMThttps://www.retiredbrains.com/blog/7-questions-you-need-to-ask-yourself-to-protect-your-finances-in-2019​As we hurtle towards a world of uncertainty after Brexit, now is a good time to check your finances are protected. Ask yourself the following questions right now:

1. Are you saving for a rainy day?

Let's face it, we have plenty of rainy days ahead, literally and metaphorically. If the economy shrinks, pay rises won't keep up with inflation, and the cost of living will increase. If you have savings, check they are they protected - 96% of UK savings accounts are protected by the FSCS (Financial Services Compensation Scheme). For the best protection, save no more than £83,000 per institution (the extra £2,000 allows room for interest as the upper compensation limit is £85,000 per institution). If you don't have savings, it's never too late to begin. You can start small with an app that rounds up your purchases to the next pound and deposits the difference in a savings account.

2. Are you repaying your debts in the best order?

​Repay your highest interest debts first, with credit cards and loans always taking priority over student loans. This will save you money in the long run rather than paying higher interest on larger amounts. If your debts are interest-free or have similar interest rates, repay the smallest ones first so you have fewer separate debts (and see results more quickly). Also check when any promotional interest-free rates run out on credit cards or if there are any charges for repaying loans early.

3. Do you check your finances daily?

​Getting into a daily habit of checking your account could reap rewards (especially if you replace your daily coffee habit with it). The sooner you spot any fraudulent transactions (e.g. if your debit card has been cloned and £500 blown on a designer watch), the more likely your bank will repay it. Most people have heard of credit scores; you can find out yours for free then work on improving it if it's not where you want it to be.

4. Could you have a mis-sold pension?

Hot on the heels of the PPI scandal is the mis-sold pension scandal with compensation payouts reaching £40m in 2018. Seek independent advice on your pension and get claims advice now, in case you are one of the growing number of people who were poorly advised by unscrupulous financial advisers.

​5. Have you updated your budget lately?

Our lives can change very quickly. It pays to update your budget regularly and live by the 50-30-20 rule (50% of your income allocated to bills, groceries, commuting etc; 30% on fun and frivolities; 20% in savings, debt repayment or and investments). Also check your direct debits in case there are any that could be cancelled (cough *the gym* cough).

​6. Are you about to buy a house?

If you're considering getting on the property ladder or remortgaging, consider a ten-year fixed rate mortgage. With the economy teetering on the brink of instability, spending a little more in terms of interest could reap rewards in terms of long-term security.

7. Have you consulted an independent financial advisor?

​Although there are apps for this, it's still worthwhile seeking advice from an actual human being (preferably a certified independent financial advisor), especially if you have any big life changes on the horizon such as moving in together, buying property, marriage, children etc. They can conduct a financial health check and advise on protecting your assets and investments. You can also get claims advice and expertise on wills. Some workplaces offer this service for free; make sure you take advantage if they do.
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<![CDATA[Yoga for Writers: How Can it Help You Write Better?]]>Fri, 06 Sep 2019 15:57:51 GMThttps://www.retiredbrains.com/blog/yoga-for-writers-how-can-it-help-you-write-better
​In recent times, yoga became a fashionable trend. Year after year it becomes a hobby for more and more people. Nowadays, there are many various directions, specialized centers, schools, and coaches of this hobby. Anyone can choose something suitable for him or her.

PaperCheap professional authors who practice yoga for more than two years think this popularity growth to be legit and definitely not accidental. The point is about the physical and mental effect a new hobby can cause. This article appeared after the careful analysis of our authors' personal experience. They said the impact is, without doubt, tremendous.

Usually, when they write or say about the usefulness of yoga, they mean its effect on the physical health first of all. It is the fact that nobody should doubt. We know many people who used ancient Indian exercises and principles to recover after serious diseases or injuries. Nevertheless, yoga exercises can bring another value. People know much less about it. The mental effect is the aspect able to help writers improve their skill.

Actually, many newbie adepts or those who only plan to start exercising don’t even try thinking about the mental usefulness of yoga. Particularly writers lose a lot when avoiding this kind of activity. The article below will explain why the Indian practice is useful, and how exactly it brings its value.

Yoga Lets Writers Feel Well

Any correct physical exercise improves your general physical shape. For writers to be productive and creative, it is essential to have a good mood, to maintain positivity, and to feel healthy. Yoga is one of the best activities text authors can find to give them that wanted confidence.

After the writer starts practicing yoga, even such elementary things like breathing or walking begin to bring the feeling of harmony and happiness. Those are important for writers to remain inspired. You will feel your body becoming light and easy to move. There won't be the overtiredness or low energy feeling. Instead, correct exercises can charge you with that energy dose needed to live and to work on your texts creatively. Besides, after every yoga session, you'll notice it's easier to think and generate ideas.

When practicing exercises regularly, writers sooner or later will get used to feeling themselves cheerful and full of life energy. Through moderate efforts and some time spent for yoga, writers can gain the way to add some creativity and enthusiasm to their work. As a result, they write better texts.

Yoga Teaches Writers to Relax

The skill of relaxation (the ability to relax physically) is essentially crucial for any person. It is especially useful for writers, as relaxation is one of the main methods to prevent stress and negative emotions it causes. When having relaxation skills, writers can calm down quickly with a conscious effort. As a result, you prevent stress from exhausting your physical and mental resources. You also can prepare yourself to work with text or to go through any stressful situation without actually feeling depressed or anxious. 
Without the relaxation skill, the writer can be unprotected from stressful factors attacking them during their job and life activities both from the inside and outside.

When practicing yoga, writers or any other people can consciously learn how to stay comforted and relaxed. There is an opinion that the ability to remain in relaxation and comfort, even in the most "uncomfortable" yoga pose will then reflect on your everyday life and professional activities. You'll stay calm, comfortable, and relaxed, even in the most robust life situations.

Yoga Lets You Be Conscious About Your Body

As a writer, have you ever thought about how vital the health of your fingers is for your work? Your typing and writing speed depends on your hands entirely. Do you take care of your high-priority instruments as intended?

Try asking a modern human where his or her "self" lives. Most probably, they'll point at their head. And if you ask some aborigine tribe members from Africa, Australia or Amazonia about it, they will look at their stomach.

The trouble of the modern human is that they live "by their head" and "from their head." They perceive their body as a useful but still secondary attribute which “fails” at the most unsuitable moments. 
Yes, unfortunately, writers and other people try to pay attention to their body only when it's something wrong about it. And while it functions normally, they don't care about it at all. They dive into thoughts, memories, plans, and worries. See? People concentrate on their head.

So, here is the point. When exercising yoga, writers are to be concentrated on their body. Otherwise, nothing will be done as required. Practice makes you pay attention to your body and be careful about it during the entire training session. It’s the only way to succeed in yoga.

How is it useful for writers? Through yoga exercises, you can learn how to perceive, feel, and "hear" your body. It develops your ability to notice and understand the body, muscle memory, and experience. As a result, writers know how to sit in the right pose while working. Additionally, fiction writers can use this knowledge to describe their characters in details to add truth to their stories.

Yoga Keeps the Writer’s Mind Calm

A usual person’s state of mind can be compared with a candle flame in the wind. It is very unstable, chaotically running around because of various inner and outer factors. An average human can’t control or even notice them.

And this chaotic state of mind is the frequent reason for writers to do their job poorly. It is why people suffer and feel unsatisfied on purpose. When you try to protect your mind from "hostile" winds and "stabilize" its flame, your job and the whole life will become different. Most likely, it will turn into a calmer, more conscious, and happy process.

The main goal of yoga is essential for text authors. This practice aims towards calming your mind down, preventing your thoughts from wandering. First of all, it is not a complex of funny and useful physical exercises though most people understand it only at that level.

Yoga is the method of turning people into calmer, more balanced, and forceful personalities. It teaches you not only to generate and store energy but to use it with much higher efficiency.

People say that the best way to make sure about something is to check personally. Try making a conscious choice and practice yoga for at least three months regularly. Sooner or later, you'll start noticing positive effects stated above in this article. After that, you won't even choose whether to practice yoga or not in the future.

By the way, writers should pay special attention to their skills. Balanced, conscious, and attentive persons naturally write much better texts.
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<![CDATA[Three Reasons to Buy Your Own Memorial Stone]]>Tue, 27 Aug 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/three-reasons-to-buy-your-own-memorial-stonePeople planning their own funerals has become quite a trend. There’s a feeling that the burden of grief on your nearest and dearest when you pass away is more than enough for them to cope with. Having to organise a funeral is something they could do without.

But what about taking things to the next logical step and buying your own memorial stone before you die? In many ways, this is actually a more sensible idea than pre-planning a funeral. While you might be able to write an order of service for yourself and pay for a funeral director’s services, what you can’t do in life is book a venue for a wake and send out invitations. There’s still plenty for your loved ones to do.

Pre-ordering a memorial stone, on the other hand, is far more straightforward. You can commission a headstone or plaque at any time, and it can either be made in advance and kept in storage, or you can arrange for the mason to make it when they get notification from your relatives.

So, what are the benefits?

Ease the financial burden on your relatives

​Memorial stones don’t come cheap. Many people worry that the cost of a funeral alone will put their family under duress - a key reason why they choose to pay for a funeral service themselves in advance. Throw in a headstone or memorial plaque, and expenses do start to mount up.

If you have expressed your wish to be buried, or you’d like a commemorative plaque to be put up at a crematorium or some other special place, you may feel it’s your responsibility to help out to see that your wishes can be fulfilled. Paying for your own memorial stone, whether commissioning it yourself or leaving funds for the purpose, is certainly one way you can make sure your family is not left in a difficult predicament.

​Get the memorial you really want

​Another key reason why you might choose to buy your own memorial is to ensure you get something to your tastes. Some people might argue that, once you’re gone, you’re no longer in a position for such things to bother you. But for others, the idea of having a legacy they approve of is important. In fact, to some people, just knowing what kind of memorial will be left in their name is enough to inspire them to commission their own.

It might be that you have a very specific type of design in mind. It might be that you are very taken with a particular material - a rare coloured marble or granite, perhaps. It might be that you have strong feelings, one way or the other, about religious symbolism. Or you could really want your name to be associated in perpetuity with a favourite poem or quotation which you would like engraved on your memorial. All of these are good reasons to set out to get the monument you would like.

Choose the right place for your memorial

There are stories of grief-stricken family members facing the frustration and indignity of having memorials they have already paid for refused by the cemetery where their loved one is interred. There are no definitive rules and regulations for what you can and cannot have on a gravestone, it depends on each individual location. Suffice to say, some places are more conservative than others. If you have your heart set on being buried in your local churchyard, but also have an unusual idea in mind for a memorial stone, then it is worth you taking the initiative and finding out what is and isn’t allowed. If you really have your heart set on a particular monument or inscription, then it might be necessary to seek an alternative option for where it could be located.

Kenward & Son is a family-run firm of monumental & architectural stone masons based in West London. To find out more, visit our site here.
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<![CDATA[A Guide To Equity Release]]>Mon, 26 Aug 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/a-guide-to-equity-releaseYou might think that the only way to access the capital in your home is to move. This isn’t the case. Another option you could explore is equity release. With equity release, you can free up capital in your property without selling.

What Is Equity?

Equity is the amount of money your home is worth minus the mortgage that is left to pay. So, if you have a home that has a market value of £300,000 and you still have £50,000 left to pay on your mortgage, your equity would be £250,000. You could also have a secured loan on the home which would reduce your level of equity further.

There is a range of different plans that will ensure you can release cash.  You can either take out a loan that is secured against your property. Or, you can sell part of your home. Regardless of which plan you choose, you will be able to continue to live in your home up until you pass away or move into permanent care.

How Is The Cash Provided To You?

The cash from equity release can be provided as either a lump sum or through instalments. The option you choose here will depend on your individual needs. Crucially, there are no set rules on how you spend this cash. For instance, you could use it to make renovations on the property. Or, you might want to use it for a holiday. The choice is entirely up to you.

However, you will need to use it to pay off an existing mortgage first. Once you have done this, you can spend the rest however you want and the sum is tax-free.

How Much Equity Can You Release?

​You will usually be able to release between 20 and 50% of the equity on your home. However, the exact amount will depend on both your personal circumstances and your age. Use this equity release calculator from Lending Expert to get an exact quote.

There are two different types of equity release plans:

​Lifetime mortgage - With this option, you can borrow some of the home’s value with a capped or fixed interest rate. Since no repayments are made, the money that you owe increases all the time. However, some drawdown versions will allow you to pay back the interest, thus reducing the cost.

Home Reversion Plan - This provides a tax-free lump for a percentage of the home below market value. You will be able to continue to live in the home rent-free. When it is sold, the proceeds split based on how much the lender now owns and you own. If the property rises in value, the amount the lender gets also rises.

How Much Does Equity Release Cost?

Lifetime mortgage equity releases are usually around 5%. There are also arrangement fees which may be between £15000 and £3000. This will depend on your individual plan. Other fees including legal work and application costs.

We hope this helps you understand what equity release is and how it could benefit you. Remember to explore a range of different plans on the market before committing to a company providing this option.
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<![CDATA[5 Ways to Create a Passive Income in Retirement]]>Mon, 12 Aug 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/5-ways-to-create-a-passive-income-in-retirementIf done right, passive income can match or even surpass your pre-retirement income. Like a seed planted at the right time, passive income only requires a small amount of concentrated work to get you a big return.

Sound interesting?

If you’re retired or soon to be retired, here are the best 5 ways to develop passive income so you can keep a high standard of living well through your golden years.

#1: Loan Money Via Peer-to-Peer Lending

​Yes, the idea with passive income is to make money and not give it away, but when you loan money through peer-to-peer lending, you get a return on your investment the same as banks do.

People who take out money through peer-to-peer lenders are usually turned away from banks because they don’t qualify (meaning they have no to low credit). They need independent lenders to get their project off the ground.

The returns usually aren’t huge (say around 5%), but it’s still an easy way to make a few bucks.

#2: Rent Out Space in Your Home

Though the thought of renting out a spare room in your house or the second floor of your finished garage may put you on your back foot, renting is an excellent way to make easy money.

You have two options when it comes to renting: Long term versus short term renting.

Long Term Renting

Long term renting is more hands-on at first. Initial work solely revolves around getting the space ready. You’ll want to paint the walls if they’re looking faded, and may even want to consider furnishing it. To advertise it, you will have to post the space online at a site such as Craigslist or through your local newspaper. Because it’s a long-term situation, you will definitely want to interview the potential tenant to make sure you two are a good fit with one another.

If it sounds like a lot of work at first, it is, but after you’re through it’s easy money month to month.

Short Term Renting

Short term rentals take just as much staging in the beginning, but you don’t have to do any background checks. And when we say short term, we mean it: only one night to a few weeks. To find tenants for short term rentals, the best route is to use sites such as Airbnb, VRBO, or FlipKey. These sites do all of the background checks for you, and each time a guest stays at someone else’s house, that owner leaves him or her a review. So if you don’t like what you see, you can simply hit decline when they request to stay with you.

Short term rentals require small amounts of work each time someone stays with you. This means you’ll need to clean up after them by sweeping the floors, wiping the counters, taking out the trash and changing the linens.

#3 Invest in a Turnkey Rental

Turnkey properties are sold ready to rent, so nothing has to be done to them to make them move-in ready. The only things you need to do are purchase the property and find a management company.

Management companies take care of maintenance and tenant placement so that you don’t have to do anything. Just know that every service they provide comes with a fee, which will eat into your monthly ROI. Because of this, do your research, read reviews of past users (at sites such as Bigger Pockets) and go over the fine print to find the best management company that has your best interests in mind.

#4 Purchase Dividend Stock

Dividend income comes from stocks you have purchased. It’s money that is deposited straight to your bank account every quarter because you are a shareholder of the stock.

With any type of stock purchase, you’ll want to do your research. You don’t want stocks that may only perform well for the next couple of years. You want stocks with reliable and consistent stock so that you can rely on money for years and years.

Though dividend-paying stocks require an up-front investment, they can provide consistent cash-flow.

#5: Purchase an Existing Business

When purchasing a business these days, you have two options: purchase an existing brick-and-mortar business or an online business. Before you do either, you definitely want to sit down and have a hard look at the financials with a certified accountant.

As with all passive income options, you want to purchase a business that will give you passive income that is easy and reliable. Strong brick-and-mortar options are laundromats, gas stations, and fast-food restaurants. Though they don’t sound like million-dollar ideas, they’re businesses that, no matter what time of year, are busy every day of the week.

Online businesses, on the other hand, can be very diverse, so you’ll want to take your time to choose the best one. There are literally thousands of options to choose from. You can buy online businesses at places like Biz Buy Sell or Exchange. The businesses are usually sold by people who are simply looking to move on.

Obviously, when you buy a business, that business is going to take day-to-day care and handling. Though it will eat into your monthly cash flow, you’ll want to find someone to manage it for you if it requires a lot of up-keep. No matter which option you choose to go with, brick-and-mortar versus online, you’ll need to understand the market and the daily/ monthly requirements first before you buy. Unfortunately, it’s not as easy as simply writing a check and watching the money come in!

Invest in What Excites You the Most

Even though the idea is to keep a distance from your passive income projects, you’ll have more success if you choose something that energizes your brain. And for real success, don’t simply rely on one course of action. You’ll want to have multiple passive income streams if you truly want to be financially free.

Luke is a writer and editor based out of Los Angeles. He specializes in finance, as well as health and wellness. In his free time, he enjoys watching Astros baseball. You can find him on LinkedIn.
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<![CDATA[The benefits of cosmetic dentistry and dental tourism]]>Wed, 24 Jul 2019 19:33:05 GMThttps://www.retiredbrains.com/blog/the-benefits-of-cosmetic-dentistry-and-dental-tourism​Have you ever dreamed of a Hollywood smile? Would you like to know the secrets behind a perfect smile? It is time to find out the benefits of cosmetic dentistry and to see what option fits most to your needs.

Dental implants for persons suffering from tooth loss

The dental implants are recommended for a patient who, from varied reasons, suffered from tooth loss. Nobody wants an unattractive smile and luckily, today’s technology in cosmetic dentistry allows anyone to repair his/her denture with the help of dental implants. These can be endosteal dental implants composed of a cylinder inserted in a jawbone and the artificial tooth placed above. The advantage is that a dental implant is custom made so there is no need to worry whether it fits among healthy teeth or not. Patients can ask for one or more dental implants, depending on their problems, the rate of success being quite stunning.

Reshaping the teeth

Cosmetic dentistry is ideal for those looking to correct the shape and the position of the teeth. After a complete verification of the denture, a tooth reshaping procedure can be recommended, in order to re-model the problematic teeth. The main benefit is that the changes are instantly visible, and besides that, you can also receive additional procedures like teeth whitening or dental veneers. Your dentist will know what’s best for you and what kind of procedures are necessary for creating a correct and beautiful smile.

Dental veneers for a perfect smile

​Dental veneers represent in many cases the secret of a beautiful and perfect smile, especially among Hollywood stars. These tiny pieces of porcelain are placed right on the teeth with the help of a solid adhesive. Such a dental procedure is recommended for patients with chipped, discolored or cracked teeth, the result being quite impressive.

The dental tourism and its advantages

Dental tourism is not just a phenomenon that developed in the past decades. People looking for complete medical services, at reasonable prices, had to travel to other countries or continents and ask for all sorts of cures and treatments, way back in history. This is, in short terms, how the dental tourism appeared, highlighting the fact that countries like UAE, Saudi Arabia, Germany, UK, France or Switzerland are today’s important destinations that offer complete facilities and excellent medical conditions at high standards. The dentistry developed quite fast in recent years and people can benefit from a series of non-invasive treatments. Even 3D dental implants are now available for anyone wanting to improve his/her smile and get out of a dental office with the confidence they’ve always wanted.

As a short conclusion, the benefits of cosmetic dentistry and medical tourism are enormous and that because anyone can achieve the dreamed smile by paying for quality medical services and taking advantage of affordable prices.
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<![CDATA[How to Sort out your Financial Strategy as a New Parent]]>Mon, 22 Jul 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/how-to-sort-out-your-financial-strategy-as-a-new-parentIf you're an expectant parent, you've probably thought about all of the things you need to plan for - a nursery, the child's college fund, and the various expenses involved with having and raising a baby. In the US, it's not just paying for food and extra accessories that parents have to worry about, but the actual cost of having a child in a hospital too.
Just getting a safe delivery sorted out for your bundle of joy can cost thousands. It's no surprise that countless parents find themselves worrying about how they're going to make ends meet.
The good news is that if the idea of parenting expenses has you overwhelmed, there are a few things you can do to get your strategy back on track. Here's what you need to do to prepare for the financial side of becoming a mother or father.

Design a Personal Budget

The easiest way to upgrade your saving strategy instantly when you're becoming a parent, is to start with a household budget. This is how you make sure you know how much money you're spending each month, and how much you're earning. The more you know about where your cash is going, the easier it will be to identify areas where you can start to save.
Your budget will also allow you to become more aware of your trigger areas. For instance, if you're the kind of person that buys a lot of food but also throws a lot of it away, you'll learn how to make sure that you always go shopping with a list to keep waste to a minimum.

Go Online to Reduce Monthly Expenses

With your budget in hand, you'll have a crucial tool you can use to begin cutting your monthly expenses. You should be able to save on things like entertainment and utilities fairly easily, by looking for free things to do in your spare time. However, other expenses can be more difficult to deal with. For instance, you might be wondering how you're going to cut the costs of your insurance bills or personal loan repayments.
The good news is that the internet can help with more than you might think. Online comparison websites allow you to check the deals you can get on everything from your health insurance, to your loans, so you're always paying the least you can on monthly costs. The less you have going out each month, the more you have to spend on your new baby.

Create an Emergency Savings Account

​Although there's a lot of things to pay for when you decide to have a baby, including healthcare, cribs, and food, you can't afford to forget about savings too. Ultimately, you're going to need an emergency savings account now more than ever. This will be the money you can use to tide you over if your maternity pay isn't enough, or you're struggling with just one income when maternity is over.
To make the most out of your emergency savings account, try living on just a single income for the nine months leading up to your due date. This will be tough at first, but it will help you to see whether you can afford for only one parent to go back to work after the birth. It will also mean that you have more money to spend when your child arrives.

Look for Places to Reduce Discretionary Spending

One of the easiest areas to cut costs in when you're expecting a new child is discretionary spending. Now that you're becoming a mother or father, you should be able to see that you can't always afford to go out to movies with friends or pay for an expensive dinner. Instead, you might need to think about finding some less expensive ways to spend your free time.
Consider going for a walk around your neighborhood to burn off some extra energy or cuddle up on the couch with a Netflix show. Having fun doesn't have to cost a fortune these days. If you want to catch up with friends, invite them for a meal at your place rather than going out.

Don't Overspend on Baby Buys

Finally, remember that you don't necessarily need to spend a fortune on your new bundle of joy. There's no point in buying shoes for a newborn who is probably never going to wear them. Additionally, there's a good chance you can rely on friends and family members to overwhelm you with gifts like free clothing and toys when you're expecting too. 
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<![CDATA[Non-Physical Health Symptoms You Need to Pay Attention To]]>Fri, 19 Jul 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/non-physical-health-symptoms-you-need-to-pay-attention-toHealth is a big deal, but people will often ignore health warning symptoms and put off going to the doctor as long as possible. It may be because they don’t have the money for a checkup, they don’t want to deal with any health problem and don’t have to if they don’t know what’s going on, or they don’t realize that they’re experiencing symptoms of underlying health problems. Some symptoms are not always easy to recognize, especially as people begin to age and get used to aches, pains, and creaks that never used to be there before. It’s important to pay attention to your body and what it’s trying to tell you about your health through various symptoms, though.

Although many people think of symptoms of health problems as being physical, (such as pain), there are many non-physical symptoms of health problems that you need to watch out for as well. Although some symptoms may not be indicative of serious, underlying health issues, certain or recurring symptoms should be checked out right away

​Trouble Sleeping

Findings show that approximately 25 percent of Americans suffer from acute insomnia each year. The good news is, around 75 percent of those are able to recover without developing chronic insomnia. Still, if you’re having trouble sleeping even just for one night, it can drastically affect your day. If you find yourself having trouble sleeping for more than just a few nights in a row, your body may be trying to tell you something. You should discuss the issue with your doctor since it can affect you in many aspects of everyday life and could be indicative of an underlying issue.

​Tiredness

​According to a poll by Amerisleep, nearly 52 percent of respondents confessed that they had taken a nap while at work. Everyone gets tired now and again and may be in need of a nap or two, especially as they get older; if you’re having sleeping trouble, then tiredness and fatigue during the day are no surprise. But if you find yourself feeling excessively tired, it would be a good idea to discuss it with your doctor since tiredness can be an indicator of certain health problems.

Brain Fog

Brain fog is something that you may have experienced every now and again, perhaps when you’ve had a lot on your mind or if you haven’t been getting enough sleep, but if you find yourself having a hard time remembering things, thinking clearly, etc., then you should discuss the matter with your doctor. Brain fog and depression can go hand in hand, and it can be a symptom of something other than a long day or sleepless night.

Excessive Worry/Anxiety

Most people can agree that they worry more than they need to, but just knowing that doesn’t necessarily make the worries easier to deal with or make it easier to stop worrying. While it’s natural to worry about finances, your family, and other aspects of life, excessive worrying and even anxiety—especially when they manifest consistently—could be symptoms of underlying an underlying condition. If you are worrying about things excessively or that you don’t need to worry about and are finding yourself experiencing anxiety, especially if it’s for no reason, you should talk to your doctor to look into possible causes so that you can get the help and treatment that you need.

Unexplained Mood Swings

There are a lot of different factors that can affect your mood—even food can affect how you feel. While it may be normal to experience minor mood swings during the day, if you’re having unexplained, dramatic mood swings and find yourself swinging a lot, then it is a good idea to talk with your doctor. There are some things that would definitely justify some changes in mood, but if you’re finding yourself extra irritable or sad, your body could be letting you know that there’s something going on that you may not already be aware of.

In Conclusion

Good health is important so it’s imperative that you pay attention to your body and are aware of the symptoms that it shows so that you can get the treatment that you need and avoid potential illnesses and issues becoming worse than they already may be. In some cases, the body may even show symptoms that aren’t physical at all and may let you know of issues by giving you brain fog, mood swings, or even make it difficult for you to sleep. While many symptoms are normal when experienced every now and again and do not indicate an underlying issue, if you’ve noticed them persisting or are ever concerned about a symptom, it’s important to see your doctor right away.

Are there any other non-physical health symptoms you would recommend watching out for?
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<![CDATA[Things that Ruin Romance]]>Wed, 17 Jul 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/things-that-ruin-romance​The flame of love may fade at any stage of the relationship. Some kill it on their first date, others pull off three or four, and some begin self-sabotage once things get serious. For most individuals, the longer the relationship lasts the harder it is to overcome the eventual failure. However, there are commonalities that should be spotted and avoided at all costs.
If you have not found love, this article could help you realize the flaws that made your past experience unpleasant. Relationships are never smooth from start to finish. If you would like to know more about Russian brides, check out the beauties you can find here in our database of candidates. Love can find you anywhere, but internet-assisted dating is the most convenient way to find it. 

First date errors 

1. Oversharing

​Some candidates rush right to the subject of marriage after the first 15 minutes. Do not pressure the potential soulmate to discuss family life scenarios. During the first few dates, they will not want to hear about your plans for childbirth, your endless battles with anxiety or abusive family background. It should be an introductory period allowing you to learn more about one another, but the information you share must be positive and relevant. Do not turn it into a stress test to see if the person can withstand your emotional imperfections and past flaws.

2. Being opinionated

​Of course, we all have the right to form our own opinions on religion, politics and everything else. But should you always express them straight away? Unless you meet at some rally of religious gathering, try to remain neutral. Do not express any strong judgments if they can potentially spark a conflict or offend the candidate. Keep the conversation light.

3. Bringing up your ex

​Nobody wants to hear horror stories about your aggressive/abusive/unfaithful ex-partner. You have to focus on the present and the future. Those who live in the past are hardly ready to start a new romance, and it is exactly what the other person will think. Such behavior communicates your inability to get over your past failures and to emotionally disconnect from your previous lover completely. Besides, who wants to feel like a psychoanalyst on their first date?

​4. Being desperate

if your first date seems to have gone well, it is not an excuse to get obsessive. Make a few calls or leave a few messages here and there, but never let this feel like bombarding. Say something along the lines of “I was really enjoying the time spent with you yesterday, and I think you are awesome”. Frequent attempts to connect will only convey your own insecurity and neediness, which is a turnoff.
​Many things may ruin a seemingly perfect couple even after years or decades together. For love-seekers, first dates are the first essential stage in bonding. Do not let it go awry by falling victim to these common mistakes.
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<![CDATA[Why More Seniors Need to Plan Their Estate Before Retirement]]>Mon, 15 Jul 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/why-more-seniors-need-to-plan-their-estate-before-retirementYou’re nearing a new milestone in your life. Retirement is something most older adults dream of. The day they can stop working so hard and simply enjoy the fruits of their labor. Spending more time with family, starting passion projects, traveling, and enjoying their days is at the forefront of their minds. While these are all great things to look forward to, living out your best years won’t be as enjoyable if you haven’t properly prepared.

By this point, it is likely that you’ve accumulated some sort of savings, invested in your retirement account, and perhaps even started reducing your debts so you can live comfortably. Yet, have you given any thought to what will occur should something happen to you? As you get older the risk for serious health problems, injuries, and even death are more likely. Though it’s not something you really want to ponder on too long, it’s best to deal with matters while you’re in good health.

Estate planning is an essential process that seniors should consider before retiring. Working with a firm like Lawyer in Blue Jeans Estate Planning can help you in the areas listed below:

Passing Down Financial Assets

Though you hope you have many years ahead of you in retirement, you simply can’t predict the future. An estate planning attorney can work with you to ensure you have the proper paperwork in place to pass down your financial assets to your surviving loved ones. Here are some ways they help you transfer assets after your passing:
  • Drafting a will - Many people die without having a will in place. This means that their assets will go through the probate process. The courts ultimately decide who gets what. A will, however, eliminates the need for probate and gives your loved ones the access they’re entitled to. 
  • Updating Beneficiaries - From your life insurance policies to your retirement and bank accounts, most financial institutions require you to designate a beneficiary who would receive the funds in the event you pass away. Most people apply for these accounts decades ago and have no idea where their money is going. An estate planning attorney can collect all account information to disclose beneficiaries and help you take the necessary steps to update as you see fit. 
  • Creating a Trust - A trust is another avenue individuals can take to pass down their assets. It allows you to transfer all of your assets into a trust and manage them while living. You appoint a trustee, who, after you’ve passed will be responsible for making sure each surviving relative gets what you asked for. It too keeps you out of probate court and can save you money on estate taxes.

Planning for Future Care

Right now, you’re in decent health and ready to experience retirement, but who is to say that will be the case in a few years? When you plan your estate prior to retirement, however, you give yourself an opportunity to make arrangements for your care when you’re unable to make decisions for yourself. 
  •  Living Wills - A living will is simply instructions on how you wish to be cared for. Should you get sent to the emergency room for an extreme condition, the will can outline whether or not you wish to be revived at all costs. Essentially, it serves as a guide for healthcare providers. An estate planning attorney can work with you to ensure you have a living will in place that best spells out your wishes in the event that you’re unable to speak for yourself (like in the event of a stroke or other disability).
  • Healthcare Proxies - If you should suffer a stroke that leaves you unable to speak for yourself, who will be there to ensure that you’re cared for as you want? Healthcare proxies are people you appoint to speak on your behalf about any and all matters relating to your medical care. Even if this person is your spouse, having it documented will make things easier going forward.
  • Power of Attorney - If you’re sick or disabled you’re also not capable of making financial decisions. If you plan your estate before retirement, you can appoint someone to take care of financial matters for you. They can have access to your financial accounts to pay medical expenses, household expenses, and more.
If you really want to retire and enjoy yourself, it is important to get the hard stuff out of the way first. Having an estate plan ensures that you have all the necessary documents in place to secure your future and the future of those you love. An estate planning attorney, as you can see from above, can be very instrumental in making sure that you’ve dotted all your eyes and crossed all your tees.
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<![CDATA[Dementia: what’s the best way forward?]]>Fri, 12 Jul 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/dementia-whats-the-best-way-forward​Dementia is a horrible, cruel disease. We hear horror stories on a regular basis, through soaps on TV, magazines, and through friends and family. However, there are ways to make dementia that little bit easier on all affected by it. We share some of our top tips to help you all move forward in the best possible way.

Keep your cool

It is really easy to become frustrated and raise your voice when you are feeling that way. This response to forgetfulness or repetition will not do anyone any good. Try to remember that annoying you is never the intention. Responding to something negative in a negative way will not produce a positive outcome. Remain calm, in control, and loving.

Socialise

Dementia can make the individual feel as though they are losing their identity. Doing things to allow them to have fun and meet others, potentially in the same position, is really important. Some areas have memory clinics or cafes where both patients and carers are able to meet up with others. However, it is important not to restrict outings solely to activities linked to this disease. Continue going to church each Sunday, if that is what used to happened, and take the grandkids to the park. For as long as possible, try to maintain some sort of normality. For the person with dementia, everything will have been tipped on its head. A familiar routine can stop things feeling quite so daunting.

Focus on health

For some people, the diagnosis of dementia can prompt an ‘I give up’ attitude. It is important to encourage the opposite. Focusing on positive physical and mental health is vital. Walks in the countryside or a swim at a local pool are great options. Cutting back on smoking and drinking, plus making sure they have a balanced diet are all things that will help stay healthy.

Plan for the future

​Living for the moment is great and encouraged. However, it is also imperative that you do think ahead to the time when current care is no longer suitable and sufficient. As much as we may feel that on our own, we are able to meet the needs of our loved ones, that can’t always be the case. Other members of your family, friends and professionals can be there to help. Just don’t feel as though you are failing by asking for assistance. It will help you avoid burnout and to maintain a closer, more positive relationship. Whether you choose a Senior Care Center or hire nurses to come into your home to supplement the care already being given, research your options carefully before finalizing anything.

Trigger memories

​Photographs are a great way to trigger memories. They don’t always work, but it is nice to sit down and share an album together. Moreover, music can really enhance life for everyone. Putting your friend or relative’s all-time favorite songs onto an MP3 player or even a CD could prove a real hit. Music brings joy to so many people and you could be doing just that for your loved one.
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<![CDATA[How Much Financial Support Should You Give Your Adult Children]]>Wed, 10 Jul 2019 07:00:00 GMThttps://www.retiredbrains.com/blog/how-much-financial-support-should-you-give-your-adult-children​This is a very important and also current question. We hear of ‘The Bank Of Mum & Dad’ all the time, but is this really the reality for most families. Do you do it, should you do it and can you even afford to do it? I’m sure we all want the best for our children but how far should that go and when is it appropriate and when should they fend for themselves. You will no doubt want to leave money long term for your children and providing support will actually be more tax efficient than inheritance later on.

When Young Adults

​I think most of us would agree that when the children are going through that difficult transition between childhood and adulthood then we should be there for them. I think it’s extremely rare for a child to hit the age of 16 and be sent out to fend for themselves. So usually we would provide a roof over their head between their teens and early twenties before thinking about asking them to move on. We even hear of some households where grown up kids in their 30s and 40s still have never left home, this is where you really should consider strongly encouraging a bit of independence.

Help With College Or University

If they have chosen to attend college or university then many parents feel a duty to support them through this time. But what level of support is appropriate, if you can afford it should you pay all of their rent and living expenses, this might be a big help but then does having to earn at least some of their keep not teach them valuable life lessons? It’s probably best to strike a balance here.

​For The Deposit On A House

This is a big one, we hear of many young people struggling to get on the property ladder. It’s common now to need a 10% deposit or more in some circumstances. You can help them out with this or even provide help by way of a shared ownership mortgage, this way helping them out without actually making it a handout.

To Help Get Out Of Financial Difficulty

​Here is a tricky one and it is often the one that can cause most upset and thought for parents. If they have made big financial mistakes is it appropriate to bail them out? On one hand you don’t want them getting in a downward spiral of debts, bad credit and money issues but on the other if they get a bail out will they have learned the lesson of how to manage their money? Tread carefully here and if you do choose to help out make it very clear it is a one off and they need to alter the behavior that got them there.

For The Grand-Children

​Saving the best until last and that’s why I’ve left writing about the grand-children to the very end. If you are lucky enough to be furnished with grand-children then, of course, go on and spoil them, that’s your right and role as a grandparent.
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