Boomer’s Blog

Boomer’s Blog2018-05-18T08:58:16-05:00

Dr. Mauk’s Boomer Blog

Each week, Dr. Kristen Mauk shares thoughts relevant to Baby Boomers that are aimed to educate and amuse.

Dr. Kristen L. Mauk, PhD, DNP, RN, CRRN, GCNS-BC, GNP-BC, FAAN

Senior Care Costs: How to Cover Life Transitions (Barry Bridges March 9, 2018 Bankrate)

Helping a parent transition from independent living to professionally assisted care can take a toll, not only emotionally but also financially.
Research shows median costs rising across a range of senior living options. Adult children can face tremendous pressure to help pay those costs, especially when their parents’ condition deteriorates quickly. What do you do when Mom or Dad needs help but you’re waiting for their house to sell or their government benefits to be approved?

Fortunately, you may not have to face these short-term difficulties on your own. Adult children have several options for financing senior care, including the transition stage, that can provide some relief.

What does senior care cost?

Costs can vary widely depending on required level of care, location, and other factors. In general, a 2017 study paints a statistical picture that ranges from $18,000 per year for adult day care to $97,000 per year for a private room in a nursing home.

Median costs of long-term senior care
Monthly
Annually
Adult day care
$1,517
$18,204

Assisted living (one-bedroom)
$3,750
$45,000

Homemaker services
$3,994
$47,928

In-home health aide
$4,099
$49,188

Nursing home (semi-private)
$7,148
$85,776

Nursing home (private)
$8,121
$97,452

Source: Genworth Financial 2017 Cost of Care Study
Note: Median is the statistical midpoint between highest and lowest, not the average.

Unless your parent qualifies for public assistance or your family has considerable financial resources, paying even a modest amount for senior care could prove challenging. Those challenges make it essential for adult children and their families to explore their options, especially when they need transition funding in a timely manner.

Short-term options for senior care
When it comes to senior care, most funding options focus on the long term rather than the short term. But, depending on your situation, you do have a few short-term options to consider. They include:

Personal loans
You might consider a personal loan to help finance a parent’s transition to supervised care. Don’t think of personal loans as limited to cars or real estate — they can provide cash for a wide range of one-time expenses.

In fact, a specialized type of loan has become more common in recent years as families look for creative solutions to financing elder care. The term “bridge loan” usually applies to selling one house and buying another, but an elder care bridge loan is designed specifically for senior care transitions.

The typical scenario for an elder care bridge loan involves a senior moving into an assisted living facility. The borrower would take out the loan to help with moving costs, entrance fees, and other short-term expenses.

Banks and other lenders may offer two types of bridge loans for elder care:
A secured loan: This type of loan, sometimes called a capital access program, uses real estate and other assets as collateral. The borrower gets a lump sum upfront.
An unsecured line of credit: This option works like a credit card, with the borrower using funds as needed.
The type of senior bridge loan you choose depends on your situation. If you need a large amount of money immediately, for example, you may prefer a secured loan.
This type of personal loan is a relatively new financial product, but the same basic guidelines for any type of loan still apply. Pay particular attention to deciding between fixed-rate and variable interest, and keep in mind that any secured loan requires putting up assets as collateral.

Reverse mortgages
Using a reverse mortgage to pay for senior transition usually involves a specific set of circumstances. In the typical scenario, one elderly parent moves into a facility while his or her spouse remains in their home and retains ownership. The reverse mortgage allows the spouse to convert the equity in the home into cash.

Remember that a reverse mortgage carries the same risk as any type of secured loan, namely collateral. Other potential drawbacks include borrowing limits and eligibility requirements, as well as high closing costs and fees. For those reasons, many financial advisers caution against reverse mortgages except as a last resort.

Intra-family mortgages
Most reverse mortgages involve borrowing from a traditional lender, such as the Federal Housing Administration’s Home Equity Conversion Mortgage program. In recent years, however, intra-family mortgages have emerged as an alternative to traditional reverse mortgages for senior care financing.

An intra-family mortgage for senior care allows family members to provide the financing instead of banks or other outside sources. This option, arranged by an attorney, could certainly provide funds to help a senior relative transition to some level of custodial care.

Some family caregivers choose an intra-family mortgage to avoid dealing with closing costs, fees, eligibility requirements, borrowing limits, and other factors associated with traditional lenders. On the other hand, that same lack of structure could lead to the borrower getting in over his or her head.

Above all else, remember that mixing business with family can become a source of tension and conflict.

Comparing short-term options
Quick cash infusion
Paperwork/red tape
Senior bridge loans
YES
Moderate
Reverse mortgages
YES
High
Intra-family mortgages
YES
Moderate

What about interest and fees?
Paying back the principal plus interest is, of course, standard procedure for loans and mortgages financed by banks and similar lenders. Although intra-family mortgages may bypass interest and fees, you’ll still have to pay an attorney for setting up the agreement. You may also need the services of a lending agency to assist you in drafting the paperwork.

What’s your ideal solution?
Every option has its pros and cons. Your individual circumstances will determine which one offers the best combination of affordability and convenience. Just don’t lose sight of the fact that almost any activity involving money can become an expense in itself.

From the short term to the long run
Once you’ve found a short-term solution for senior care transition, keep in mind that more work lies ahead. You’ll need to start thinking about long-term funding options, such as Medicare, Medicaid, long-term care insurance, insurance conversions and more.
For the immediate future, though, rest assured that you have short-term options that can help you and your family take the first step on the journey.

By |November 13th, 2020|Categories: Dr. Mauk's Boomer Blog, News Posts|Comments Off on Senior Care Costs: How to Cover Life Transitions (Barry Bridges March 9, 2018 Bankrate)

Dan Easton, Marketing Director for IRC, presenting Dr. Mauk’s books at Rainbowfish Rehab in Hangzhou China

By |February 9th, 2020|Categories: Dr. Mauk's Boomer Blog, News Posts|Comments Off on Dan Easton, Marketing Director for IRC, presenting Dr. Mauk’s books at Rainbowfish Rehab in Hangzhou China

Guest Blog: Choose Your Laptop For Music Production


Musicians use laptops in different ways. Many employ a traditional approach, recording tracks from microphones and instruments and then mixing them to create the final product. Hip-hop, pop and electronic musicians often use the laptop to produce most of the real sounds – programming the sounds in a sequencer or playing them on a MIDI keyboard or touchpads connected to the laptop. But they still record vocals and other sounds using microphones and mix them with computer-generated audio and often with footage from other artists’ recordings. DJs usually do all of the above and also use the top music production laptops as a presentation device, often triggering everything with a controller that has touchpads and some scratch-like platters. Get more ideas about choosing the best laptops for your music production here Music Production Laptop Reviews.

All of these applications use software packages called digital audio workstations or DAWs. Some DAWs are more focused on recordings, others more for the generation of music in the laptop itself. Here is an excellent guide to selecting a DAW.

The folk singer / songwriter who wants to take her laptop with her on the subway to record concerts in Brooklyn has different needs from the producer who wants to bring hip hop hits to the studio set up in her home in Atlanta. So the first step should be to decide what your job requires. Is portability important? Will your productions be simple or complex? Will your laptop be used in a live music presentation?

Screen size

The screen is important because it determines the size of your visual workspace. The more complex your productions are, the more work space you need. Almost any laptop screen will allow you to monitor 6 to 10 music tracks comfortably, but it is almost impossible to manage 30 tracks on a small screen.

• Smaller screens (10-13 inches diagonally) can be accommodated easily in backpacks. For recordings and basic mixes, a small monitor is fine.
• Mid-size laptops (14-16 inches) typically represent the balance between portability and performance.
• Large laptops (17-18 inches) are great for music producers who need to monitor dozens of tracks at once, which is the norm in hip-hop, pop and electronic music.

Mobility

If you plan to use your laptop for recordings or live performances, a smaller model is in gral a better option because it is easier to load and takes up less space on the stage. Another consideration in these applications is battery life. It is not important in homes or clubs where there is a nearby outlet, but it can be critical for mobile recording. Also, if you plan to use your laptop for a presentation or recording in clubs, it’s a good idea to choose a model with a backlit keyboard.

Mac or Windows?

MacBooks are fast and reliable, although there are equally powerful Windows laptops, usually for more affordable prices. This choice depends primarily on two factors: your budget and the software you prefer to use. Note that professional music studios tend to use Macs, so if you plan to work alongside professional studios – recording a few tracks in a large room or hiring a professional to mix your recording – a Mac may be a safer option, though audio files from Windows machines can be transferred to the Mac operating system and vice versa.

Processor

Music production can put a heavy load on a CPU or processor, which is the heart of any computer. Get the best and most powerful processor within your budget because it can rarely be updated later. The more complicated your productions, the more important the CPU. Mixing a song with 30 tracks, multiple instruments and many digital audio effects requires a powerful computer.

There are two measures of processor performance to keep in mind. One is the number of cores. Each core can process data independently, so the addition of cores dramatically increases processing power. A quad-core processor is the best choice for music production. The other measure is the clock speed, which generally ranges from 2.4 to 4.2 GHz. The faster, the better.

In general, a more compact laptop will have a less powerful processor, but this is not always true.

RAM

RAM, or random access memory, temporarily stores programs and data when your computer is on. The more complex the program, the more RAM it requires.

For music production you need at least 8 GB and preferably 16 GB of RAM, especially if you are working with many recorded tracks and / or virtual instruments, or employing multiple effects on your tracks. Fortunately, RAM is one of the easiest components to upgrade on a computer, but every laptop has its limits. It is best to choose one that can accommodate at least 16 GB of RAM.

Storage: HDD or SSD?

Audio files spend a lot of storage space: only a complicated song can easily occupy 1 GB. That’s why it’s a good idea to have at least 1TB of storage space available.

How this storage is organized is another matter. Its options are a conventional hard disk (HDD), which uses one or more internal rotating disks, a solid state drive (SSD) without moving parts or an external HDD, which connects to your laptop via USB.

An SSD is able to read and write data much faster than an HDD and is quieter and more reliable. However, the price of an SSD is usually five times higher per GB than that of an HDD. One solution, if your laptop allows, is to have a 128GB or 256GB SSD and a 1TB HDD. That way, bootstrapping and loading programs from the SSD are ultrafast and you have plenty of storage space for music files on the HDD.

Another solution is to save your music files – or at least archived ones – to an external hard drive. This method increases complexity, but lets you add more storage space when you need it, and lets you opt for a smaller, thinner computer.

Doors

To interface a laptop with microphones, instruments, and other audio devices, you will need an audio interface that will connect to the laptop through a USB port. If you’re producing music directly from your laptop, you’ll also use USB to connect to a keyboard, MIDI pads (to play beats), and DJ controllers. Many music professionals like to use control surfaces, which offer a very similar physical interface to a mixing desk, instead of using the mouse to control their recordings and audio mixes.

laptops come with at least two USB ports, but obviously you may want more, especially if you want to connect peripherals such as a wired keyboard or mouse or an external hard drive. The USB ports of any computer can be extended by connecting a USB hub, but for the portable users, this will be another device to charge.

Connectors for Speakers / Headphones

Surprisingly, these features do not matter much in a laptop used for music production. The laptop-integrated speakers are very low-quality devices, which are only there in case you do not have anything else to listen to. Nothing will sound good through them, and if you try to adjust your mixes to sound good for them, the song will probably sound strange when played on good-quality speakers. You can use the headphone connector integrated into the laptop, however, in most laptops. the amplifier connected to the headphone connector has poor quality and can take some of the sound out of your headphone.

Fortunately, most audio interfaces have headphone connectors as well as connections that allow you to attach a set of high quality monitor speakers that will allow you to mix with high quality sound. Why is not it crazy to invest hours in choosing the right laptop and hundreds of hours in producing a piece of music and then listening to it on low-quality speakers?

Final tracks

Once you have chosen the laptop, audio interface and DAW software that are best for your needs, you are ready to create studio-quality music productions. In fact, most of the songs you hear on the radio are created using nothing more than that. You just need to add your own creativity and imagination.

By |June 6th, 2019|Categories: Dr. Mauk's Boomer Blog|Tags: |Comments Off on Guest Blog: Choose Your Laptop For Music Production

Guest Blog: The Exact Web Design Formula for Senior Care Sites

As a senior care provider, you need a website that connects you to your audience and positions you as an authority. First, you need to understand who your audience is. Most likely, it’s the friends and family of loved ones who are in need of senior care in some form or another.

They’re in need of support and understanding in this time of need. They might be looking for information or simply for an idea of what to expect during their search. Either way, you need a website designed for success if you want to convert these visitors into customers or patients.

Homepage

Homepage is your first impression to your customer, so take this moment to highlight the value you offer your patients. Many health facilities make the mistake of putting too many SEO keywords on their homepage, and overwhelming users with content. Most new users will only spend up to 15 seconds on a website before they decide to go elsewhere. You’ll need to include these things to keep customers focused and interested:

Descriptive value – First, make sure you identify who you are, what you do, and the value you provide. This should be focused on the patients.
Call to action – What action do you want your users to take first? Include your CTA above the fold, or near the top of the page. You might ask them to sign up for your email list, visit your   blog, or just see your services.
Unique proposition – How are you different than other facilities? Make sure this is clear right off the bat.

Easy Navigation

Besides focusing on keeping your homepage straightforward, you also need an easy to use navigation. Avoid going overboard with menu items. Less usually is more.

One of the best tips from Lead to Conversion, a leading design business, is to use a traditional layout. There’s a lot of temptation to go with something artsy and unique, but realize that users have expectations when they visit a website. Sticking to these expectations will help lead them through that important funnel. Keep these things in mind with your navigation:

Limit menu items – Keep your menu items limited to the most important pages.
Consolidated mobile menu – Ensure your menu appears correctly even on mobile devices.
Alphabetical – Finally, make sure your pages are listed alphabetically if you use drop-down menus since this makes it easier to find what you’re looking for.

Much of web design is trial and error. When it comes to creating senior care websites, you need to know what your users want. The better you understand this as well as how people interact with web pages, the simpler the process becomes.

By |May 9th, 2019|Categories: Dr. Mauk's Boomer Blog, News Posts|Tags: |Comments Off on Guest Blog: The Exact Web Design Formula for Senior Care Sites

4 Home Improvements Caregivers Should Make

Paige A. Mitchell

If you’re caring for a family member at home, you’ll want to ensure your house is a safe, healthy environment for everyone involved. You’ll likely have some adjustments to make in order to make your home more comfortable for an ill or impaired loved one. Consider the four home improvements below.

1. Declutter and re-decorate
Keep floors clear of toys and shoes. Strategically rearrange the furniture, so that your loved one is able to remain stimulated and engaged while they sit. For example, they may enjoy some natural sunlight and the view of nature from a comfortable chair near a window. Personal touches and familiar objects can make Alzheimer’s patients more comfortable.

2. Enhanced access
It’s important to review each room in the house to determine how accessible it is to someone who is ill or impaired. The American Association of Retired Persons checklist includes zero-threshold and wide entrances for wheelchairs and walkers, low light switches and door knobs that are reachable to someone in a wheelchair, and non-slip flooring and grab bars in at least one bathroom.

3. Maintain your home
Whether you’re caring for someone who is ill or not, it’s important to conduct regular home maintenance to ensure it’s a truly healthy environment. For example, replacing batteries in smoke detectors is especially important if your loved one is forgetful and susceptible to forgetting that something is on the stove. Take full advantage of your home repair insurance to save time, energy, and money on repairs.

4. Ask for help
Fifty percent of caregivers report feeling depressed. If you’re suffering from fatigue, isolation, irritable, and/or ill, it’s important to take a step back to take care of yourself. Don’t forget to ask for help when you need it. Seek an expert opinion for objective advice on whether you should consider placing your loved one in assisted care.

By |March 20th, 2019|Categories: Dr. Mauk's Boomer Blog, News Posts|Tags: , , |Comments Off on 4 Home Improvements Caregivers Should Make
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