A reverse mortgage is a financial product that allows homeowners, typically aged 60 or older, to convert part of their home equity into cash while retaining ownership of their property. This option can be particularly appealing to seniors who are “house rich” but “cash poor,” providing them with additional funds to support their financial needs. […]
For many baby boomers, retirement and aging bring significant financial considerations, particularly when it comes to long-term care. As healthcare costs continue to rise, some retirees look to their biggest asset—their home—as a financial resource. Using home equity to pay for long-term care may seem like a viable option, but it carries serious financial and […]
Aging presents various health challenges, but not all elderly individuals require the same care plan. Dementia patients need a vastly different approach to care compared to those who experience frequent falls. While both conditions impact quality of life and require medical and family intervention, dementia necessitates a structured plan that accounts for cognitive decline, decision-making […]
By Esther Claudette Gittens As parents age, many adult children face the challenging task of finding appropriate care solutions to ensure their parents’ well-being. In a city as bustling and diverse as New York City (NYC), this task can be both overwhelming and rewarding. With myriad options available, ranging from adult day care programs to […]
Editorial credit: Drop of Light / shutterstock.com DiNapoli Says Funding for Services to Support Seniors Should Keep Up With Growth New York City’s 65 and older population grew by nearly half a million seniors in the last two decades, an increase of 53%, according to a new report by New York State Comptroller Thomas P. […]
By Brian Figeroux, Esq. | Editorial Credit: Yuri A / shutterstock.com Starting an adult care business in New York State is a challenging but potentially rewarding endeavor. From navigating the regulatory environment to selecting a location and staffing your facility, every decision must be made with careful consideration and planning. By following the steps outlined […]