Eldercare Resources
The Eldercare Resource Articles above are written to help you understand the need for and the process of planning for long term care.
There are four key steps to successful long term care planning.
1. Knowledge & Preparation
2. Proper Funding
3. Using Long Term Care Professionals
4.Creating a Personal Care Plan and Choosing a Care Coordinator
  YOUR COMPLIMENTARY ELDERCARE ARTICLE
 

Seniors and Retirees, Consider Using a Reverse Mortgage to Supplement Income

July 13, 2017

For many seniors and retirees, the hard-earned equity in their home is their single largest asset, yet it is unavailable to use unless they take out a home-equity loan. Conventional loans, like the home-equity, do not truly free up the equity to create a legitimate income because the money has to be paid back to the lender, with interest.

A reverse mortgage is a better way to tap into home equity without creating monthly payments and without requiring the loan to be paid back while the borrower lives in the home. Instead of making payments, the cash flow is reversed and the senior receives payments from the lender

Over the last several years the number of reverse mortgages nationwide has increased dramatically. Many seniors and retirees are finding they can use a reverse mortgage to pay off an existing conventional mortgage or other debt, repair and update their home, or to simply free up cash to pay for long term care, medical expenses, and/or general living. Often, a reverse mortgage allows the aging to remain in their home much longer.

Continue Reading: Seniors and Retirees, Consider Using a Reverse Mortgage to Supplement Income

Article Archive, view previous Eldercare Articles

 Eldercare workshops
 

The council offers eldercare workshops for businesses and organizations. These workshops cover various eldercare services and can be tailored to meet your needs, from a 20 minute lunch meeting to a one hour seminar.

Below is a list of our workshops. Click on the title of your choice for a preview. If you would like to schedule a workshop presentation contact me at:

Phone: 860-769-6938

 Available workshops
 

Click on a workshop below to see a sample of the slide presentation.

 

About the State Care Planning Council

 

Home Health Care and Hospice Services

 

Non-Medical Home Care Services

 

Home Maintenance, Repair and Other Support Services

 

Elder Law and Medicaid Advice

 

Seniors Relocation & Downsizing Services

 

Care Management Services

 

Long Term Care Benefits for Veterans

 

Financial Planning For Long Term Care

 

Understanding Reverse Mortgages

 

Understanding the Need for Estate Planning

 

Understanding Geriatric Medical Care