Your Family Resource Hot List


Five Resources for Your Older Family Members & Clients

In October we curated some of the best retirement planning resources for reverse mortgage professionals, many of whom may have an entire life phase ahead once they relinquish their current role (what encore careers expert Marc Freedman and others refer to as, “The Third Act”).

As a companion guide, we’ve curated a resource list for families. Following are some top sources to share with the families of your reverse mortgage clients, prospects, and others in your life who may need assistance, now or in the future.reverse mortgage news

  • Points of Life offers a comprehensive database of elder care services, providing accredited “senior advocates” in over 50 categories — including reverse mortgage — who help families plan and manage life’s challenges. Founder Richard Wexler, JD, created Points of Life after he and his wife Anna faced three of their elder parents becoming seriously ill at the same time. After experiencing firsthand the emotional and financial impact, along with the turmoil of not knowing where to turn, he was motivated to educate families about the complexities of aging — and to help them locate the right senior support resources. POL is one of the nation’s largest aging education platforms, offering more than 100 events annually.

Bonus: As a reverse mortgage professional, you can become an Accredited Senior Advocate in the Points of Life database. Because their Resources for Life family referral service was just launched in 2015, you may be the first, or one of the first, reverse mortgage resources to be listed in your geographic area. Contact founder Richard Wexler to learn more. Please be sure to mention this blog post, and code 124, to help him identify the referral source.

  • HelpGuide.org, a non-profit digital guide to mental health and well-being, offers an extensive section on Aging Well, with deeply researched articles covering everything from healthy aging basics (diet, exercise, sleep, sex) to common challenges (memory loss, depression, driving, mobility), senior housing options (including home care and adult day care services), planning (advance directives, end-of-life care), and related topics, such as the benefits of volunteering and having pets. Each piece contains an extensive resource list, and the information is regularly updated.
  • Being Mortal: Medicine and What Matters in the End. Physician Atul Gawande’s book, profiled here, is a riveting read for people of any age. It explores how life was meant to be versus how we’re living now, with numerous stories that showcase the difference an informed patient (and family) can make not only in how someone chooses to die, but in how they choose to live. Worth taking to heart at any age. 
  • Village to Village Network is a national, peer-to-peer network that helps communities establish and effectively manage Villages. “Villages” are virtual, membership-driven, grassroots organizations run by volunteers and paid staff that coordinate access to affordable services for seniors, including transportation, home repairs, social and educational programs, and wellness programs — all with vetted and discounted service providers.
  • Senior Centers. One of the most obvious, available, yet often overlooked resources is the local senior center. With over 12,000 senior centers operating nationwde, it’s likely that a community will have one. If a town is very small, there may be a central senior center in the nearest larger town that serves several communities.

While senior centers provide a wide range of activities and functions, many also publish a resource guide to senior services in the area, from medical to social, housing to finance, and more. In addition, the staff will be knowledgeable about local senior services. Find a center by searching online for your town and the words “senior center”.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Live Long & Prosper: Part 2


A Good Life Until the Very End

Old age is not a disease, though modern medicine has been treating it as one, argues Harvard Medical school professor and surgeon Atul Gawande in his compelling new book, Being Mortal: Medicine and What Matters in the End.

“You don’t have to spend much time with the elderly or those with terminal illness to see how often medicine fails the people it is supposed to help,” he writes. “The waning days of our lives are given over to treatments thatreverse mortgage news addle our brains and sap our bodies for a sliver’s chance of benefit. They are spent in institutions — nursing homes and intensive care units — where regimented, anonymous routines cut us off from all the things that matter to us in life. Our reluctance to honestly examine the experience of aging and dying has increased the harm we inflict on people and denied them the basic comforts they most need. Lacking a coherent view of how people might live successfully all the way to the very end, we have allowed our fates to be controlled by the imperatives of medicine, technology, and strangers.”

Strong language from a medical professional. And useful information for reverse mortgage experts, or for anyone who serves people in the Third Age.

Once upon a time not that long ago, Gawande explains, life went along at a relatively even keel until something happened and the bottom dropped out, like a trap door opening. One minute you were healthy, the next you were felled by an illness or accident, and usually died shortly thereafter.

Assisted Living Was Designed to be Different!

Today, we’re often able to stave off even severe health conditions such as cancer or heart disease for quite a while, so while the downslope levels off after each drop, patients rarely return to their original degree of health and well being. That’s one main reason assisted living facilities have exploded in popularity — though they were never intended to be an intermediary step on the road to nursing homes, says Gawande, but an alternative that would eliminate the need for nursing homes. Although it may seem like assisted living has been around a long time, Keren Brown Wilson only originated the concept in 1983 with Park Place in Portland, Oregon, which she called a “living center with assistance.”

Wilson’s design did not resemble what we now term “assisted living”, however. Her pilot project was a 112-unit apartment building where tenants (not “patients”) had their own units with doors they could lock, their own kitchens, bathrooms, furniture, even pets. The only differences from a regular apartment complex were an onsite nurse, call buttons in each unit for emergencies, and help with all the basics: food, personal care, medication.

Widely attacked as dangerous, the assisted living experiment proved to be an unqualified success: five years after move-in, the residents of Park Place had maintained their health status (physical and cognitive functioning actually improved), life satisfaction had increased, depression had declined — and the government-subsidized cost was 20 percent lower than it would have been in a nursing home. Clearly, independence with support enables older adults, even those with serious disabilities, to enjoy quality of life right to the very end — which is why aging in place, within community, is an ideal model — and why a HECM can be one key to creating and maintaining a rewarding senior lifestyle.

Paying Attention Pays Off in Improved Health

One of the biggest keys to successful aging is simply being able to talk about their lives with someone who actively listens and cares, says Gawande: in one study, patients who saw a geriatrician for eighteen months versus a general practitioner were “a quarter less likely to become disabled and half as likely to develop depression. They were 40 percent less likely to require home health services.” These are stunning results.

He writes, “We’ve been wrong about what our job is in medicine. We think [it] is to ensure health and survival. But really it…is to enable well-being. And well-being is about the reasons one wishes to be alive. Those reasons matter not just at the end of life, or when debility comes, but all along the way.”

Thus, the importance of having what Gawande calls “hard conversations” at life’s bifurcation points cannot be overstated. “People die only once. They have no experience to draw on. They need doctors and nurses who are willing to say what they have seen, who will help prepare for what is to come — and escape a warehoused oblivion that few really want…If end-of-life discussions were an experimental drug, the FDA would approve it.”

Wherever you meet them on their life journey, encouraging seniors to talk about their lives and what matters most to them is a positive, crucial step.
Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

Live Long & Prosper: Part 1


How Will We Fill The Bonus Years?

“I’m grateful for every age I’m blessed to become.” 

~ Oprah Winfrey, from What I Know For Sure

reverse mortgage newsAs we’ve discussed previously, while dying is feared in Western culture, there is often more trepidation about the aging process itself. A group of Silicon Valley billionaires, all years from collecting Social Security, is working to change both perceptions by exploring the outer limits of life extension. The tech titans are putting their money where their minds are, supporting leading-edge research into expanding how long and how well we might live.

We’ve explored how we might be able to turn back the hands of time by turning on our telomerase gene, but the founders of such game-changing digital empires as Google, PayPal, eBay and Facebook are funding research that goes further, “hunting for the secrets of living organisms with insanely long lives; engineering microscopic nanobots that can fix your body from the inside out; figuring out how to reprogram the DNA you were born with; and exploring ways to digitize your brain based on the theory that your mind could live long after your body expires,” driven by a certitude that “rebuilding, regenerating, and reprogramming patients’ organs, limbs, cells, and DNA will enable people to live longer and better.”

There’s a lot we can do in our own low-tech lives, however, as centenarians demonstrate. Diets ranging from protein and calcium rich to vegan with fish lengthen lives at ten times the national average, according to a researcher who studied those 100 years old in “Blue Zones” around the world. It seems that to a great extent, when it comes to aging, you are what you eat.

How to Live Longer and Better

Beyond the ethical issues of extending life by tinkering with nature, the larger question remains: what will we do with all those extra years, assuming we’re healthy enough to enjoy them?

Just living longer isn’t enough, says encore career expert Marc Freedman, author of The Big Shift: Navigating the New Stage Beyond Midlife. “Aside from the mind-boggling prospect of saving for 50- or 75-year retirements, how do we make these new chapters both fulfilling for individuals and sustainable for society?

“Life extension without social innovation is a recipe for dystopian disaster — what one critic characterizes as ‘the coming death shortage,’ invoking images not only of endless (and unaffordable) retirements but of a society loaded down by a population explosion of the idle old.”

Reverse mortgage may be one viable answer to the financial requirements of an extended retirement. Life enrichment and retooling for the next life stage should be its cornerstone, says Freedman. Someone turning 65 today can expect to live an additional 19.3 years, and in a recent Centers for Disease Control study, nearly 70% said they want to continue working in order to stay active and involved. They also say it’s “very important” to them to leave the world a better place.

One of the best opportunities longer lives offer is the chance to follow your dreams, cited as the number one regret of the dying. Using a HECM to follow your heart, travel, retool to do work you love or simply spend more time with friends and family minus money worries may not banish our final bow forever, but it can make these extra years a bonus instead of a burden, and that’s what positive aging is all about.

Looking for more reverse mortgage news, commentary and technology? Visit ReverseFocus.com today.

On the Move — or Not

In 2015, retirees are fully embracing the old fast food commercial to “Have it your way” when it comes to how and where they’re choosing to retire. Many still opt to stay put, and renovate their homes to suit their changing needs. But there’s a twist: they’re not downsizing or remodeling with an eye towards growing older, but often upsizing.

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