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Magnolia Manor Blog

Seniors and the Stock Market

Posted by Magnolia Manor on
August 16, 2022

The bears have it – for now, anyway. Any time the stock market becomes unusually volatile or takes a definite downturn, investors wonder if they should take action or just wait it out. This question affects seniors, especially, because the older you get the less opportunity you have to take a long-term approach to investments.

You may need that money soon to help pay for your retirement. Meanwhile, high inflation and talk of a possible recession also affect financial planning as well as daily living.

Here are some tips to weather this bear market.

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Topics: Cost of Senior Living, Senior Resources

Pros and Cons of Working While Collecting Social Security

Posted by Magnolia Manor on
August 09, 2022

Can you work and receive Social Security retirement benefits at the same time? Yes. Should you? Well, that depends. It’s important to understand that the issue isn’t only whether working will affect your benefit, but when you start receiving your benefits.

Retirement Benefits: There’s a Carrot, and There’s a Stick

If you still think of 65 as “retirement age,” think again. Due to very real concerns about future funding for the program and the fact that lots of Baby Boomers are retiring now, the SSA wants you to wait longer to start drawing benefits.

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Topics: Cost of Senior Living, Senior Resources

How Do I Pay for Senior Living Before Selling My Home?

Posted by Magnolia Manor on
December 17, 2021

How to pay for senior living is a topic that every aging adult (and sometimes their adult children) grapples with sooner or later. Whether you have more than comfortable assets to draw from or your finances are very limited, the cost of continuing care can be weighty indeed. But that doesn’t mean you must divest yourself of key assets such as a home you own before you can make a move.

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Topics: Cost of Senior Living, Senior Resources

SNAP - Senior Food Assistance

Posted by Magnolia Manor on
September 15, 2021

It is unthinkable that any senior (or anyone) should go hungry because they cannot afford nutritious food. That’s why the SNAP program exists. Sadly, the National Council on Aging (NCOA) reports that 60% of seniors who qualify for SNAP benefits are going without simply because they haven’t applied. They believe one reason is a persistent myth that says seniors receive just $16 per month. This is far from the truth.

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Topics: Cost of Senior Living, Senior Resources

Benefits of Retiring in Georgia

Posted by Magnolia Manor on
June 02, 2021

Almost every adult looks forward to retirement with great anticipation. Finally, a chance to spend your days as you want. But where will that be? You could stay where you are. However, for many empty-nesters with distant children and grandkids, this is your chance to move closer. Or maybe you simply want a change of scenery, or pace.

Here at Magnolia Manor, we know a few things about retirement, and we’re well-rooted in the state of Georgia, too. So when we say this is a great place to retire, you can believe us. The benefits of retiring in Georgia are many, whether you will be new to the state or you already live here.

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Topics: Cost of Senior Living, Senior Resources

Is Aging in Place Right for Me?

Posted by Magnolia Manor on
November 18, 2020

No one wants to think that someday they might have to leave their home and move into assisted living or another type of long-term senior care community. Nonetheless, almost 70% of those over 65 will eventually need some kind of long term care. You may not have to move, though, at least not so soon. Instead, you may be able to age in place.

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Topics: Cost of Senior Living, Senior Resources

Am I Too Old To Get Life Insurance?

Posted by Magnolia Manor on
October 20, 2020

It’s easy to understand why young adults purchase life insurance. It provides financial support for families if a wage-earner dies young from disease or an accident. Many types of life insurance also serve as broader financial management tools. And life insurance is inexpensive when you’re young. But what if the years have sped by and you still don’t have life insurance, or you think you might need more – is it too late?

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Topics: Cost of Senior Living, Senior Resources

5 Myths About Medicaid

Posted by Magnolia Manor on
September 29, 2020

Medicare and Medicaid are both government programs that provide certain types of health care coverage for seniors. Although the programs are very different, they are often confused. And Medicaid, especially, is often misunderstood. So let’s clear up some of the confusion, to help you know if Medicaid may be a viable financial resource for you some day.

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Topics: Cost of Senior Living, Medicare/Medicaid

Senior Living Cost Calculator

Posted by Magnolia Manor on
June 23, 2020

Whether you’re considering some type of senior living community for yourself or a loved one, you will want the best environment and accommodations you can find. After all, this will be your new home – or the new home of someone very dear to you. However, for most of us, cost plays a role in our decision-making when it comes to momentous matters such as living arrangements.

At Magnolia Manor, we understand because we talk with seniors and their families every day about their challenges and the choices available to them. Naturally, everyone wants to know what various options will cost. And, frankly, their first reaction is sometimes, “Gee, that seems like a lot.” In truth, though, senior living can be surprisingly affordable, once you compare all of the costs and benefits to your current situation.

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Topics: Cost of Senior Living, Senior Resources

Senior Living Versus In-Home Care

Posted by Magnolia Manor on
July 10, 2019

Providing the very best care for your senior loved ones is your highest priority. As such, you may have come across information about home care while researching care opportunities for Mom or Dad.

Information is critical when deciding on the best options for Mom or Dad. To help you make the best possible decision for your loved one, we will examine the differences between senior living (specifically at Magnolia Manor) and in-home care.

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Topics: Cost of Senior Living, Senior Resources