Is Aging in Place Out of Reach?

Posted by Emily Reynolds on Aug 23, 2021 10:36:41 AM

The 2021 Silver Survey Finds Older Homeowners May Need Creative Solutions to Realize Their Retirement Lifestyle Dreams

This summer, the Silvernest team started wondering: How do older American homeowners feel about their retirement finances and ability to age in place, 15 months into this new pandemic-framed reality?

 

Because we love data, we commissioned a survey to find out. The 2021 Silver Survey went out to a group of older homeowners, none of which are current Silvernest members. Armed with pre-2020 research on retirement and aging in place, we wanted to see whether older Americans’ plans and prospects are changing—and, if so, how.

 

Community Service, Redefined

Posted by Amy Ford on Jun 30, 2021 8:00:00 AM

 

As we prepare for the Fourth of July holiday and take a moment to reflect after a difficult 15 months, we can see the American Dream is evolving. For decades, the rhetoric and messages we have received have been about the importance self-reliancethat being self-made and independent is simply part of being AmericanBut when the pandemic made the formal and informal social connections and communities in our lives instantly inaccessible to us, the repercussions were severe. We learned that perhaps being “independent” isn’t always in our best interest. 

 

We’ve all internalized the narrative that to be successful we need to do things on our own, but we know from experience that success is rarely if ever achieved in a vacuum or on an island. Even though we know we need each other, we insist on denying our interdependence. We judge and shame others and ourselves for needing help—even though all of us need help at some point(s) in our lives. How much better would our world be if we could embrace our interdependence and let it inspire us to create solutions that benefit us all? 

 

5 Takeaways for Homeowners from Our Interview on Torchlight's Eldercare Illuminated

Posted by Amy Ford on Dec 9, 2020 10:00:00 AM

For many of us in 2020, our homes have never seemed more like protective fortresses. Even in our protection, however, far too many of us are still feeling the financial impact of this unprecedented time. If you’re one of the 1 in 3 Americans who’ve found difficulty covering usual household needs this year, this should come as no surprise.

Thankfully, your home can protect you from more than just the elements – in fact, it’s an incredible asset. Homesharing is a great way to earn passive income while also benefitting from social connection with a compatible housemate.

When I spoke to the Torchlight team on their Eldercare Illuminated podcast, I kept the impacts of the pandemic in mind. Beyond the finances, there’s a lot to gain from homesharing for those of us nearing retirement or caring for a loved one. Let’s take a look at five discussion points from the interview that felt most pressing for today. We were only able to cover a portion of the podcast topics in this blog, but please click here if you’d like to listen to this special episode of Eldercare Illuminated in its entirety.

 

Experts in Aging: Retirement Revolution with Dorian Mintzer (Video)

Posted by Sarah Oswald on Aug 21, 2019 4:32:30 PM

While we can plan for many of life's changes, such as children going off to college or a spouse retiring, others are entirely unplanned—and can be very painful as a result. Dr. Dorian Mintzer, expert coach, therapist, author, speaker and founder of www.RevolutionizeRetirement.com, says we can take comfort in knowing that we become more resilient, experienced and capable as we age—contrary to what our cultural myths may tell us.

 

In the latest installment of our Experts in Aging interview series, we spoke to Dr. Mintzer about living with purpose and making the most of our time on Earth. Watch her interview below.

 

The Next Gen of Renters: Mom and Dad

Posted by Silvernest Team on May 23, 2019 9:52:48 AM

This is a guest post from RentCafe.com, a nationwide apartment search website.

 

America’s older population is growing at a very fast pace, and today’s demographics look substantially different than they did only a decade ago. In fact, U.S. Census data shows more than 22% of the current population is over the age of 60.

 

The overall aging of the population is not merely an outcome of the economic hardship following the 2007 Great Recession, reflected in declining birth rates, but also a result of the baby boom cohort, America’s largest living adult generation, passing age 53 in 2017. Advances in healthcare and technology have also helped to spur longevity.

 

5 Ways to Make Money by Opening Your Home

Posted by Amy Ford on May 13, 2019 4:34:18 PM

For most people, our homes are our biggest tangible assets. So it seems like a no-brainer to put them to work and make a little money if we can. Airbnb is a big success story, but not everyone wants to rent out their homes for vacationers. Luckily, turning your house into a short-term vacation rental isn’t the only way to make money with your extra space—and we’ve got five creative ideas that prove it.

 

Share Your Story Podcast Episode 2: Housing Solutions with Barry Habib

Posted by Emily Reynolds on Apr 30, 2019 12:21:34 PM

We are in the age of the Silver Wave, with 4 million Americans turning 65 every year and living longer than ever. These seniors (and those approaching senior status) are grappling with unprecedented housing questions: Should I stay in my house or sell it? Should I downsize? How can I age in place? Can I afford to stay in my home? Can I afford not to?

 

Houses Age Too: One Simple Idea for Covering Home Maintenance Costs

Posted by Silvernest Team on Nov 29, 2017 12:45:42 PM

Although many of us want to age at home, that cherished space can become harder to manage as we get older and our kids move away. We no longer need all those bedrooms. And let’s be honest—our houses are aging just like we are, and they need costly surgery sometimes too. The question becomes, is it even feasible to stay at home? The answer is “Absolutely, yes!”  

 

Retirement Rule #1: Understand and Embrace Its Stages

Posted by Silvernest Team on Sep 29, 2017 6:47:54 AM

After the honeymoon of retirement relaxation, the feeling of being on vacation, the relief of leaving the rat race behind—boredom sets in and many people find themselves saying, “Is this all there is to retirement?” This disillusionment is one of six stages of retirement (originally seven) identified in 1975 by Robert Atchley, a professor of gerontology.

 

Solo Aging Is on the Rise. How Will We Support It as a Society?

Posted by Sara Zeff Geber on Sep 12, 2017 7:12:02 AM

When I looked around me at age 60, I noticed many of my friends spending a tremendous number of hours taking care of their aging parents. The tasks they performed took months and those months often turned into years. They arranged drop-in caregivers, picked up prescriptions, took over management of their finances, helped sell their home, chauffeured them to doctor appointments, and in some cases, moved back into their childhood room to take on the role of live-in caregiver. 

 

My own parents both died rather suddenly when I was in my thirties, so I haven't had a personal experience of this parent-child reversal, but nevertheless it struck me profoundly. I turned to my husband and asked, “Who is going to do that for us?”