Posts Tagged ‘Lost’

Self esteem is an integral part of an individual’s mental makeup and human psychology. It is an image we have about ourselves, how we feel, how we react to our work, our relationships with family and in general, how we socialize in the community as a whole. Self esteem is viewed as the basis of human psychology and each person is quite aware of their own self esteem. The same awareness of self esteem is present in the elderly, though it may change with the changes in the lifestyle and a change in the roles. As the elderly people become more and more dependent on others, they begin to feel they are unimportant, and that others also perceive them to be so.

Caring for the elderly may not be your first experience at care giving. You may have been performing the role of a caregiver to your children by taking care of their psychological and emotional needs. Self esteem is an important aspect of child psychology too and it is crucial to their success later in life. As the caregiver for your elderly parent, you may have to perform the same functions, though you are not ‘raising them’. That means you have to take care of their physical health, their finances, their living arrangements and their self esteem and mental health as well.

As an individual, one cannot empathize with the elderly parents due to the constant changes that go on in their lives and the great impact it has on their self esteem. Your own sense of self esteem stems from the fact that you are an independent individual and your ability to provide for your kids, perform your job well and also be useful to others in the society. From the viewpoint of the elderly, these factors have changed and the roles have been reversed. This results in a feeling of worthlessness and low self-esteem for them.

The changes that the older adults face in terms of role reversals, dependency on their children or the loss of a spouse can be very difficult to cope. According to the perceptions of the seniors, they cease to be useful to anyone in any way and this increases their feeling of worthlessness. Their pillars of existence and the ideas of life in general begin to disappear. They go from being heroes to their kids to being dependent on their kids, a fact that they cannot accept. Simple things like driving around or even walking become an ordeal.

Loss is always painful, be it loss of a spouse, of mobility, or health or independence. In such situations, it is no wonder that the senior citizens suffer from low self esteem. This is a precarious mental situation that may lead to depression and health problems that will prevent them from enjoying life. If there is no support system, the elderly may even turn to alcohol or drug abuse and in severe cases, suicide.

We as caregivers should try to catch the signs of low self esteem at the earliest. These may manifest in the form of sadness, or losing interest in hobbies, not taking care of oneself, not socializing or having suicidal thoughts, etc. Other symptoms may be narration of pleasant memories repetitively or trying to do things which they cannot cope with.

There are many ways to help the elderly to regain their self esteem. The first is to offer emotional support. Ensure that they are given adequate medical attention for their ailments. Another good therapy would be to allow them to spend their time in the company of their grandchildren. Encourage them to meet their friends and to talk of the old times. As a caregiver, you can be compassionate and patient while dealing with their fears and anxieties.

Abhishek successfully runs an Old Age Home and he has got some great Eldercare Secrets up his sleeves! Download his FREE 80 Pages Ebook, “How To Take Great Care Of Elders” from his website http://www.Senior-Guides.com/560/index.htm . Only limited Free Copies available.

Tags: , , , , , , , , ,
Posted in Uncategorized | Comments Off

$2T Lost in Retirement:, Seniors Eye Reverse Mortgages

Over the last 8 days, the Dow Jones Industrial Stocks have lost 13.6%, which is roughly 1,500 points. While this does not qualify as the largest drop in stock prices in history, it is hurting Americans who have money in the stock market and in pension and 401K plans.


According to the Associated Press a top congressional budget analyst now says that pension plans have lost as much as $2 Trillion over the last 15 months. CNBC’s analyst, Jim Cramer, was quoted on the Today show as saying Whatever you may need for the next five years, please take it out of the stock market. Right now. This week. I do not believe that you should risk those assets in the stock market.


All the combination of all this news has a number of effects on senior homeowners who thought they had a retirement strategy in place to last throughout their retirement years.


Some senior homeowners are being forced to put off retirement. Some who are already retired and have been living off of their investments have been shocked to see their latest statements only to find that their assets have shrunk dramatically. Many cannot easily re-enter the work force nor do they wish to do so at this stage of their lives. For some, the shock of seeing their lives suddenly altered regardless of their careful planning is devastating.


For many senior homeowners the government-insured Home Equity Conversion Mortgage(HECM or Heck-um) is a viable alternative. The HECM allows eligible senior homeowners to eliminate mortgage payments for life and in many instances, receive a monthly payment to subsidize their income.


The recent legislation that passed, H.R. 3221, raised the national limit to $417,000 for the HUD HECM loan and therefore more borrowers than ever before will be able to take advantage of this program (HUD has not released the effective date of the new limits as of this time but it is expected that they will do so on or before November 1, 2008). Government Reverse Mortgages allow borrowers access to their equity, do not require monthly payments and the seniors always own their home.


Interest rates, borrowers ages, property values all have an impact on the amount for which a borrower will qualify. With the recent increases to the LIBOR (London Inter Bank Offered Rate) margin and with the decrease to housing values in much of the nation, the effect has been one of of eroding the amount a borrower can receive on a reverse mortgage.


Borrowers who were shopping just a few months ago have in some instances been surprised when they made the decision to continue with their reverse mortgage, only to find that the margins had risen on the loans and they were now eligible for less money.


The silver lining in the cloud however is that there are still fixed rate programs available with very low interest rates (if you are paying off a current mortgage and want to take all your proceeds up front – you cannot take a monthly payment with a fixed rate HECM). There are also some Constant Maturity Treasury programs available and those rates have recently dropped making them still very attractive as well.


The end result is that if you or a loved one are 62 or older and own your own home and have recently seen your retirement funds shrink with all that has happened in the financial markets, before you panic, you may want to take a good hard look at this government-insured program.

Michael G. Branson (CEO All Reverse Mortgage Company)is a Mortgage Broker who has over 31 years of mortgage banking experience. Toll Free (888) 801-2762
Reverse Mortgage Lenders
Reverse Mortgage Calculator
Reverse Mortgage Programs

Tags: , , , ,
Posted in Uncategorized | Comments Off

24 hr live-in caregivers in Texas is Digg proof thanks to caching by WP Super Cache!

Powered by Yahoo! Answers