Seniors and Affordability

Jul 26

The city of Austin is a great place to live for anyone who enjoys the benefits of affordable living. This dynamic, lively city offers so much to its residents that it is hard to imagine a better place to raise children or to have a fulfilling career. One simply has to look through the various listings on Zillow to see how beautiful Austin homes are today. With homes priced in the millions, there is no reason for families to struggle to make ends meet and maintain a comfortable lifestyle. Families who can afford to purchase a home in this city will enjoy so many great advantages.

There are plenty of Austin neighborhoods to choose from, and each one is sure to offer something unique to its residents. One of the most desirable neighborhoods in Austin to reside in is the vibrant downtown area. The neighborhoods of north downtown are rapidly growing as the city continues to grow. These neighborhoods, like the one we are talking about, are very affordable and have low crime rates. They also have access to some of the best public schools in the state of Texas.

In addition to the downtown area, there is another great Austin neighborhood to consider in terms of affordable living. The trendy, happening south-central Austin neighborhood of Staten Island is the perfect place for families to call home. Located just off the shores of the Gulf of Mexico, this area is quickly growing. Homes are priced in the upper range of what would be considered “affordable” in New York City. In fact, homes here are considered among the best in the country when it comes to buying a home and enjoying affordable living.

In terms of housing finance, families in the Austin area have many options available to them. There are housing loan programs, including low-interest debt consolidation loans, that can help reduce the cost of purchasing a home. The lower interest rates offered by affordable housing loan programs help lower the overall payment on any home purchase, meaning families can save money on mortgage payments and transportation costs, two of the largest expenses associated with homeownership. In the end, saving money and paying down debt are essential to living affordably.

Another way to ensure affordable living is to invest in affordable housing through either a residential or multifamily housing development. Unlike single-family units, multifamily housing developments are not designed to house a single-family. These complexes consist of apartments, condominiums, townhouses, rowhouses, and more. Because there are always several people wishing to live in the same building, property management companies often charge a higher rent than a private residential community.

Even though many seniors prefer to remain living in their own homes, this does not mean they do not have to take care of themselves. A simple investment in an affordable housing unit or a multi-unit complex, such as a senior care community, will allow seniors to stay in a warm and safe environment without worrying about the rising costs of housing. In this regard, they can also look at websites like https://www.chelseaseniorliving.com/locations/new-jersey/sparta/, and similar others, to find a suitable assisted living facility. Moreover, with assisted living, seniors can receive care that is not as intensive as a nursing home but who need assistance with daily living activities such as bathing and dressing as well as meals, transportation, medication, etc. You can find Senior Care Services in Boca Raton or other places that offer a home-like environment to the elderly and the chance to socialize with others.

Many seniors even find that investing in affordable housing allows them to move into a place where they can meet other people, like newlyweds, couples, or singles. There are senior living facilities all over the world which you can access no matter where you live. For example, if you live in Idaho, check out Active Senior Housing in Idaho to see what’s on offer! Living in a senior living facility is a great way to make friends for life. This type of networking not only gives them a sense of belonging and a sense of being able to trust others but also offers them the opportunity to make new friends.

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UK Pensions Savings – INFOGRAPHIC

May 11

How much are you saving towards your pension and how does that compare with the rest of the UK? Find out which area saves the most, which area saves nothing at all and get a full regional and gender breakdown through this infographic to get a better understanding of which areas are truly ready for retirement. It’s never too late to make some personal positive changes to your approach to retirement saving. Infographic supplied by personal pension provider, True Potential Investor: 

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How to organise your finances for Retirement

Nov 03

While there has been less focus on the failure of British citizens to save in the wake of the recent economic recovery, there remains a considerable lack of proportion between national earnings and disposable income levels.

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What does retirement saving risk mean to you!?

Oct 30

To live well in retirement you will have to depend on how skillfully you plan and invest, and whether you make good use of tax-advantaged savings plans. To avoid failing your plans risk assessment will have to be on the top of your “to do” list. First, estimate how much you will need and remember, too, that your health care expenses are likely to go up in retirement, especially if you retired prior to being eligible for healthcare and must purchase insurance on your own. Figure out how you’ll meet those expenses. There are three main sources of retirement income: social security, pensions and annuities, and your savings. Start by determining your estimated social security benefits. Will you have enough to retire? Add in any annual payouts you expect from an annuity or company pension. If it’s not enough, it’s time to think about where the extra money will come from.

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What changes will businesses need to implement to accommodate the governments new pension law?

Aug 24

One of the big talking points amongst modern business owners is pension auto enrolment and the repercussions the new legislation may have for the everyday running of their business. When it’ll be phased in, what measures will need to be in place and if it’ll lead to spiralling costs are all high on the agenda as people urgently seek advice.

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