Resources for California Retirees
Retired homeowners in California have already solved one problem many retirees face when moving to the state: finding a cost effective place to live. Living in a home with the mortgage paid off removes the largest financial obligation seniors struggle with. However, California can still be an expensive place to live and retirees may still struggle from month to month.
Let that expensive home work for you
For retired homeowners in California, reverse mortgages are a blessing. With rising property prices, California homes are often worth well beyond what the owners paid and this equity can be a source of retirement income.
California reverse mortgages allow a homeowner aged 62 or over to tap into their equity to generate cash. Whether they need a lump sum to pay off unforeseen medical expenses or a monthly income to stretch their pension and social security, California reverse mortgages provide homeowners with the financial security they need.
Find out more information on California reverse mortgages by going to the
US Department of Housing and Urban Development (HUD) on the web, or calling their information line at 1-800-569-4287.
Stay active for your health
Studies show that seniors who remain active after retirement live longer and experience a better quality of life. California has one of the widest ranges of activities of any state in the union and retirees can find something to do regardless of where their interests lie.
California is a big tourism state, and many of the tourist attractions are of interest to the locals as well. There are countless beaches, national forests, and theme parks, but California offers so much more. Consider a visit to the Monterey Bay Aquarium or the Aerospace Museum of California. Many more ideas can be found at California’s official tourism site.
Retirees can keep their minds active by taking classes at classes at one of University of California’s many branches, or at their local community college. They can give the community the benefit of their experience by participating in organizations like CHP’s Senior Volunteer Program or California Volunteers.
More resources for retirees
AARP - California keeps California seniors informed of statewide events that affect their lives. AARP has always been a valuable information resource for seniors, and they can also show how retirees can make their voices heard by lawmakers so that senior interests are protected.
The State of California website has information pertaining to seniors in the state including information on medical insurance, driving, and the law.
With access to the web, California retirees have an endless source of information at their fingertips.
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