How to choose the right medical alert system for seniors If you have an elderly member at home, you realize how important it is to have a reliable medical alert system. Medical alert systems, which are also referred to as personal or medical emergency response systems, are simple life-saving devices that offer a quick and easy way for the elderly to get help during an emergency.

Many retirees who own their homes outright are getting reverse mortgages. In essence, a reverse mortgage allows a homeowner to take a loan out against their home equity, however, as long as you don’t sell your home and are still inhabiting it, you don’t need to make any loan repayments.