Tips and Tidbits for Retirement Income and Senior Living

Reverse MortgageAdhering to principle of periodic revision salary to compensate for general price increase, the Government of India has announced the hike of DA for Central Government Employees from 90% to 100 percent of their basic pay plus grade pay.  The DA will be with effect from January 1, 2014.  Consequently, the Dearness Relief of Pensioners would also be increased to 100% with effect from that date.

Link to Finance Ministry Orders

How to Improve Memory

Improve Memory

When you cross the threshold of 50, you would occasionally feel that your memory is not as sharp as it had been earlier.  While you can recall incidents which happened years ago, you may find it strange that you cannot remember the name of the person you met yesterday.  This type of loss of memory which affects only recent memory is considered normal age related memory loss.  However, it is possible to keep your mind sharp and improve memory by following some simple lifestyle modifications.

Physical Exercises

Regular physical exercises increases the blood flow into the brain and this would help to keep the memory cells healthy due to increased supply of nourishments and oxygen. Read the rest of this entry »

Retirement Age 62

Retirement Age 62

Though there have been repeated denials by the Government of India about the proposal to make the Central Government Servants’ retirement age 62, it is evident that the subject is very active in the corridors of New Delhi for quite some time now.  This is evident from the speculations surfacing from time to time in the Government servant circles. Nevertheless, keeping the denial process active, the Minister of State for Personnel, Public Grievances and Pension, V Narayanasamy stated in the Rajya Sabha again on Aug 22 that there is no proposal under consideration to raise the retirement age of Central Government. Read the rest of this entry »

cghs facilitiesOnce you cross the threshold of fifty, it is best to be aware of some typical diseases which have the potential to diminish your enjoyment of everyday living. Rheumatoid Arthritis is certainly one of the ailments that falls into this class. This article offers you, in a nutshell, information about the disease, as well as the lifestyle modifications, which might enable you to prevent it and address it if needed.

What is Rheumatoid Arthritis?

Rheumatoid Arthritis is typically the swelling and infection of one or more body joints, where a pair of bones meet. Rheumatoid Arthritis develop when the cartilage, which protects a joint and enables it to move freely, gets affected. Since the Cartilage facilitates in absorbing impact when stress is exerted on the joint like when you walk or jog, its damage affects movement of the joint. When the normal quantity of cartilage material diminishes, the bones may begin rubbing with each other, triggering discomfort, swelling (inflammation), and rigidity, resulting in Rheumatoid Arthritis. Read the rest of this entry »

Reverse MortgageFor enjoying the second innings in life, one needs to ensure regular income which could take care of increasing cost of living, healthcare expenditure and other vital needs.  Many a times one gets into a situation where income from interest , pension or other sources fails to match ever inflating  expenditure leading to eroding savings and financial misery.The idea of reverse mortgage comes as a blessing to those in such a predicament.

Reverse mortgage scheme had been in existence in US and other western countries as a resort to elderly citizens for quite some time.  Government of India, as part of welfare measures to senior citizens, proposed in the 2007-08 budget that National Housing Bank will introduce the reverse mortgage scheme in which a senior citizen who owns a house can avail of a monthly income against mortgage of the house.  Consequently, State Bank of India and other banks have already started offering reverse mortgage to those over sixty years of age. Read the rest of this entry »


Most of the Baby Boomers and those over 50 belong to a generation, which still cherishes the romance of holding and reading a book, sitting quietly near their favorite window of their house or in the shade of a tree in the garden.Kindle is the best e-reader for seniors as it has perfect reading feel and experience as that of a real book.

Kindle has several lovable features.  With only less than 6 ounces in weight, Kindle is lighter than an ordinary paperback.  (There are version of Kindle with slight weight variations). As its thickness is only 1/3 of an inch, it is much thinner too. Due to its high contrast E Ink display, Kindle delivers clear, crisp text and images without causing you any eye strain. Read the rest of this entry »

health insurance for senior citizens

Health Insurance for Senior Citizens

When you are over fifty, it is natural that your need for medical attention increases – for keeping you free from diseases and also for helping you to recover in case you fall sick. So far, you had been remaining mostly healthy and your medical needs have been either covered by your employer or easily managed with your salary and savings.

Now that you are contemplating to retire and enjoy life, this is the time to think about health insurance for senior citizens to take care of your (and your spouse’s) medical treatments. Here are some tips for you: Read the rest of this entry »

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