Gunning Daily News
December 21, 2011 5:02 pm
As the holiday season approaches, many are busy getting their homes ready for visiting friends and family. Having multiple generations under one roof takes some planning, and it's helpful to plan ahead for elderly visitors to ensure your home is as safe as possible.
"Don't let a nasty accident ruin the holiday cheer in your home," said Merri Dee, AARP Illinois state president. "All it takes is just a few simple steps to help ensure your home is safe for elderly visitors."
Below are five steps that AARP recommends for making your home safe for older guests:
Be clutter-free with bins.
If you're used to leaving toys, clothes and other objects lying on the floor, now more than ever, you'll need to start picking them up. Pick a spot that's out of the way and set up a large basket to serve as a catchall for things that tend to end up on the floor.
Prevent slips and falls with anti-slip mats, grab bars and adhesive strips.
Anti-slip mats, often made of rubber or a similar material, fit under throw rugs to increase traction, and greatly decrease the chances of a fall. Removing throw rugs also solves the problem—provided that they weren't covering slick, waxed wood floors, which can also be a hazard. In the bathroom, grab bars in the tub or shower and beside the toilet are lifesavers and help prevent falls. Low-cost, no-slip adhesive strips also can decrease the risk of slippery bathroom areas and steps.
Soften edges with furniture bumpers.
Use clear plastic bumpers that fit over sharp furniture corners to prevent injury. Alternatively, remove sharp-edged furniture from the room. Unsteady chairs should be replaced as well.
Stay cool with anti-scalding devices.
These inexpensive devices (about $40) automatically turn off the water if it gets too hot. They can easily be installed on faucets in your kitchen or on showers and tubs. Alternatively, turn down the thermostat on your hot-water heater so the water never gets above 120 degrees Fahrenheit.
Light the way.
It's not just the rooms in your house that need to be well-lit: Make sure walkways, hallways and entryways are illuminated, too. Lighting should be bright but not harsh or blinding.
December 21, 2011 5:02 pm
If you’re just beginning to think about your 2011 income tax return, you’ve got a late start—but it’s still not too late to cash in on some savings.
“A lot of the deductions associated with the economic stimulus package will disappear in 2012, so if you want to take advantage of them, you’ve got only until Dec. 31,” said Jessica James, CPA and author of Justice for None, an insider look at IRS tactics in a tax fraud investigation and trial.
But, she says, there’s still plenty of time for some other measures to ease your share of the tax burden. Now is also a good time to resolve to start earlier in 2012 to minimize that year’s tax bill. Here are a some tips for both 2011 and 2012 savings.
• Contribute to retirement accounts. If you haven’t already put money into your traditional or ROTH IRA account for 2011, you’ve got until April 17 to do it. If you have a Keogh or SEP (Simplified Employee Pension Individual Retirement Arrangement for businesses), and you get a filing extension to Oct. 15, you’ve got until then to make your 2011 deposits. The maximum IRA contribution for 2011 is $5,000, or $6,000 if you’re 50 or older by the end of the year. For self-employed people, the maximum for SEPs and Keoghs for 2011 is $49,000.
• Don't fear the home office deduction. In the past, many tax filers didn’t claim a home office deduction because it was seen as an IRS red flag. But the requirements and forms have been clarified so people can do that properly—and not make mistakes that can lead to an audit. Also, the rules have been expanded so more people can claim the deduction. If you use a home office exclusively for business, even if you don’t meet your clients there, you’re eligible. For instance, a handyman who does his work other people’s houses can claim the deduction if he does his paperwork at his home office. Another change is that, in the past, if you claimed 10 percent of your home as an office, that amount would not be included in the $250,000 tax-free profit from the home’s sale that’s allowed for an individual by the IRS. Be sure to make your claim reasonable, or it will get questioned; a $25,000 home office deduction for a business with $50,000 annual gross revenue is not reasonable.
• Maximize your Flexible Spending Account. The Health Care Act will limit the maximum you can put into these pre-tax medical expense accounts in 2013. So 2012 is the last year to use an FSA to pay for orthodontics and other large medical expenses using pre-tax earnings. A medical expense flexible spending account, or FSA, allows you to use before-tax earnings to pay for medical or health care expenses not covered by your health insurance. Assuming a 25 percent tax rate, you avoid $25 in taxes for every $100 you spend from your FSA.
• Need to sell an investment? Next year may be the time. The Tax Relief Act maintains the tax rate cap on capital gains and dividends at 15 percent through 2012. In 2013, the cap for capital gains will increase to 20 percent and for dividends, 39.6 percent. The Health Care Act also created a 3.8 percent Medicare tax on investment income, effective in 2013. Given those scheduled increases, plan to take advantage of the rates next year.
December 21, 2011 5:02 pm
There's a special beauty and tranquility to candles, but a lighted candle is also an open flame, and a potential fire hazard if not carefully monitored. In fact, accidental candle fires account for approximately four percent of all U.S. residential fires. NewsWatch and the National Candle Association provide some candle safety tips this holiday season to help you enjoy candles safely.
A study by the U.S. Consumer Product Safety Commission suggests that 85 percent of candle fires could be avoided if consumers followed three basic safety rules:
• Never leave a burning candle unattended.
• Never burn a candle on or near anything that might catch fire.
• Keep candles out of the reach of children and pets.
There are some other basic tips to help avoid fire this holiday season. These tips are broken down into before, during and extinguishing phases.
• Trim the wick to ¼ inch each time before burning.
• Always use a candleholder specifically designed for candle use.
• Burn candles in a well-ventilated room.
• Place the candleholder on a stable, heat-resistant surface.
• Keep the wax pool clear of wick trimmings, matches and debris at all times.
• Avoid drafts, vents or air currents.
• Never touch or move a burning candle.
• Don't burn a candle all the way down.
• Extinguish a candle if the flame becomes too high or flickers repeatedly.
• Always keep the candle within your sight.
• Use a candle snuffer to extinguish a candle.
• Never use water to extinguish a candle.
• Make sure the candle is completely out and the wick ember is no longer glowing before leaving the room.
• Don't touch or move the candle until it has completely cooled.
December 21, 2011 5:02 pm
Semidetached. One structure containing two dwelling units separated vertically by a common wall.
December 20, 2011 5:10 pm
In many areas of the country, the snow is falling, the temperature is dropping, and it's time to pull out those skis, sleds and skates!
While winter sports provide a wonderful opportunity to exercise and enjoy the outdoors, these activities also have the potential to cause severe injury if proper safety precautions are not practiced. Common injuries from skiing, skating and sledding include sprains and muscle strains, dislocations and fractures.
More than 440,000 people were treated in hospitals, doctors' offices and emergency rooms for winter sports-related injuries in 2010, according to the U.S. Consumer Product Safety Commission. This includes more than:
• 58,500 ice skating injuries;
• 91,000 injuries from sledding and tobogganing;
• 144,000 snow skiing injuries; and
• 148,000 snowboard injuries.
"When participating in winter sports, it's important for participants to know the weather and terrain, to stay alert for changes, and to take a break when feeling pain or fatigue," said orthopaedic surgeon A. Herbert Alexander, MD. "Before skiing, skating or sledding, make sure you're dressed appropriately, in good physical shape, know and abide by the rules of the sport in which you're participating, and seek medical attention immediately if necessary.
"And don't forget safety equipment, in particular helmets for skiing, snowboarding, sledding, and even ice skating," said Dr. Alexander.
As part of the American Academy of Orthopaedic Surgeons'(AAOS) on-going Prevent Injuries America!® campaign, the AAOS urges children and adults to consider these additional winter sports injury prevention tips before braving the snow:
• Check the weather for snow and ice conditions prior to heading outdoors. Pay attention to warnings about upcoming storms and severe drops in temperature to ensure safety while outdoors. Skiers and snowboarders should make adjustments for icy conditions, deep snow powder, wet snow, and adverse weather conditions.
• Dress for the occasion. Wear several layers of light, loose and water- and wind-resistant clothing for warmth and protection. Layering allows you to accommodate your body's constantly changing temperature.
• Wear appropriate protective gear, including goggles, helmets, gloves and padding. Also, check that all equipment, such as ski and snowboard bindings, is in good working order.
• Skiers and snowboarders should have their boots and bindings adjusted, maintained and tested by a ski shop that follows American Society of Testing and Materials (ASTM) standard job practices.
• Never participate alone in a winter sport. If possible, skiers and snowboarders should ski with a partner and stay within sight of each other. If one partner loses the other, stop and wait. Also, make sure someone who is not participating is aware of your plans and probable whereabouts before heading outdoors. Consider carrying a cell phone in case of an emergency.
• Skiers and snowboarders should observe all marked hazard and trail signs, and should never venture into closed areas. You also should respect designated slow skiing and family areas and never ski in the trees alone. Backcountry skiers and boarders should avoid avalanche zones, carry proper safety equipment and ski only with a licensed guide or partner who knows the terrain well.
• Avoid sledding near or on public streets. Sledding should be done only in designated and approved areas where there are no obstacles on the sledding path. Speeding down hills in parks that are not designed for sledding puts you at risk to be hit by cars and trucks, or to slam into parked vehicles, curbs, and fences.
• Sit in a forward-facing position when sledding and steer using your feet or the rope steering handles for better control of the sled.
• Wear a helmet. Children especially should wear a helmet for skiing, snowboarding, sledding and even skating.
• Warm up thoroughly before playing. Cold muscles, tendons and ligaments are vulnerable to injury. It's important that skiers and snowboarders warm up by taking it easy on the first few runs.
• Drink plenty of water before, during, and after outdoor activities. Don't drink alcohol as it can increase your chances of hypothermia. Drink plenty of fluids to stay hydrated, especially to avoid altitude sickness when participating in sports at a high elevation.
• Keep in shape and condition muscles before partaking in winter activities. If over the age of 50, it may be wise to have a medical check-up prior to participating in a winter sport.
• Know and abide by all rules of the sport in which you are participating.
• Learn how to fall correctly to avoid injury. Take a lesson (or several) from a qualified instructor, especially in sports like skiing and snowboarding, to learn how to fall correctly and safely which can reduce the risk of injury. Falling techniques aim to protect your vulnerable body parts.
o If skiing, learn how to properly hold the poles with the strap to avoid "skiers thumb" – tearing an important ligament by falling onto an outstretched thumb.
o Also, don't fight a fall! Instead, try to break the fall with your arms in a flexible position, landing first on your hands and wrists, letting your elbows bend into the fall, and then rolling onto the back part of your shoulder. A fall onto stiff arms can cause a severe wrist fracture. Also, try to avoid landing with your thumb against the handle of your pole.
o Injuries to the anterior cruciate ligament (ACL) in the knee occur frequently in skiing, often when a skier makes a sharp sudden movement or a hard, off-balance landing. Avoiding high-risk ski behavior, maintaining balance and control, and recognizing and responding correctly to dangerous situations, can help alleviate the risk for ACL injury.
• Seek shelter and medical attention immediately if you, or anyone with you, is experiencing hypothermia or frostbite. Early frostbite symptoms include: numbness and tingling in you digits, lack of feeling and poor motion.
• Avoid participating in sports when you are in pain or exhausted. Many skiers are injured on the final, "one last run"—if tired, call it a day.
• Follow-up with an orthopaedic surgeon if injured during any winter excursion, especially if pain or discomfort persists.
December 20, 2011 5:10 pm
The International Council on Active Aging (ICAA), the professional association that leads, connects and defines the active-aging industry, searches health-and-wellness research studies every year to find the most relevant to adults ages 50-plus. This year ICAA has sorted through these studies to compile a list of tips that governments, communities, businesses, families and individuals can use to encourage older adults to achieve a healthy lifestyle in 2012 (citations available on request):
1. Expectations: If you've followed a healthy lifestyle this year, keep going. If you need to make lifestyle changes, start by anticipating success—and don't let age be a barrier. Research has shown that thinking negatively about getting older can shorten your life by as much as 7.5 years.
2. Enthusiasm: Few people are thrilled with every aspect of their lives, but many have at least one area—family, friends, work, hobbies—that they feel good about. Identify an activity or connection that sparks your enthusiasm and make it your lifeline, then do your best to extend that enthusiasm to other areas.
3. Energy: Having the energy and motivation you need to age well are hallmarks of healthy living. If you're tired all the time, don't let apathy and lethargy drag you down. Instead, get a checkup to try to determine the cause-and the solution.
4. Eating: Eating a balanced diet and maintaining a healthy weight are keys to physical and mental health. If you need to lose weight or make changes in your diet, keep your expectations high. You can do it!
5. Exercise: Staying physically active fuels the body and mind. If you're already exercising regularly, keep it up. If you're getting started, know your fitness level, then set goals and progress at your own pace. The key is to be consistent.
6. Engagement: Get involved in your community. Research has shown that people who volunteer have higher levels of well-being and life satisfaction than people who don't. Volunteering and other kinds of civic and social engagement can contribute to better health.
7. Emotions: Everyone feels down at times, but full-blown depression is a major cause of disability. If you're feeling out of sorts for two weeks or more, talk with your doctor. In many instances, simply exercising and eating right can change your mood.
8. Education: Lifelong learning is important to living an independent and fulfilling life as you advance in age. Start now to learn new subjects or physical activities-it's good for the brain.
9. Effort: Changing expectations and embarking on new behaviors take energy and effort, but the results are well worth it.
10. Enjoyment: A healthy life generally is a joyous one. Savor the process of being or becoming active, engaged and truly alive in 2012.
Source: the International Council on Active Aging (ICAA)
December 20, 2011 5:10 pm
Seller’s market. One with few sellers and many buyers.
December 20, 2011 5:10 pm
Q: Is it true some lenders grant loans based on very little documentation?
A: Not too long ago, they offered in abundance what are called “stated income loans," more commonly referred to as “no doc” or “low-doc" loans, mortgages that require no documentation or little documentation to verify the borrower’s income and assets. In return, the borrower, who must have very good credit, make a big down payment—generally 25 percent or more—and pay a higher interest rate.
Given current market conditions and the sub-prime debacle, these loans have become more difficult to find, cost more, and are mainly funded by hard money lenders who do not conform to bank standards.
The loans are common among self-employed borrowers who have difficulty substantiating all of their income and service industry employees, such as waiters and hair stylists, whose pay is hard to pinpoint exactly. Borrowers also may use no-doc loans when they derive most of their income from commissions or when they have very complicated income structures.
In reality, calling the loans “no-doc” and “low-doc” are misnomers. Some “low-doc” loans require plenty of documentation, such as tax returns and profit-and-loss statements. Even “no-doc” loans require a credit report and a property appraisal.
December 20, 2011 4:40 pm
According to REALTOR.org, 77 percent of home buyers had a home inspection prior to purchasing their home. That means the majority of home buyers are making smart decisions before buying. But let’s say you have just received the results of your home inspection—now what? With all the excitement of the house purchase and the new move, many homeowners make the mistake of putting the results of their home inspection aside, thinking they will make necessary repairs later. However, they should be doing the opposite, as home inspection results are a great starting point for making necessary repairs.
Don’t take any chances with electrical systems. According to the American Society of Home Inspectors (ASHI), problems with electrical systems are the second most common type of problem reported nationwide. Your home inspection report should include a thorough check of your home’s wiring, circuit breaker, water heater, appliance hook-ups and lighting fixtures. Be particularly cautious if you have an older home that may have been designed under an outdated electrical code that is no longer up to par. Even if no major electrical problems show up on your report, installing safety devices such as a ground fault circuit interrupter (GFCI) or arc-fault circuit interrupter (AFCI) as a precaution is always a smart move.
Issues with home safety reported in your inspection should never be overlooked, and many things—radon, lead paint and asbestos—should be removed before your family moves in.
If your home inspector found problems with the frame or groundwork of your house, these problems should be addressed immediately. Problems like a leaky roof or basement may seem like something that can be dealt with later, but once mold or mildew sets in, it can be problematic to remove, and the future potential for water damage could set you back thousands of dollars. It’s always a smart idea to re-roof and repair and seal any cracks in your infrastructure before you begin to move your things into your new home. Areas of entrance—windows, doors and garages—are places that require special attention, as they are the most common areas that let in damaging moisture.
Don’t forget that your home inspection report is a great point of negotiation. You may be able to ask for a lower price or request that some of the major repairs—such as a faulty wiring system or leaky roof—be made on the seller’s dime before you move in.
December 20, 2011 4:40 pm
The holiday shopping season is in full swing, and thus far the numbers are impressive. According to a recent comScore report, in the first 39 days of the season, U.S. consumers spent close to $25 billion on online purchases, which represents a 15% increase over last year.
For consumers who did not take advantage of deals on Black Friday or Cyber Monday, they still have time to find the right gift at a good price. Some last minute shopping and gift ideas from the experts at DealTaker.com include:
• Buy online, but do it fast. Many of the large merchants offer standard shipping for Christmas Eve delivery if customers order on or before December 20. Additionally, some stores continue to offer rush delivery for orders placed today, December 21, and even tomorrow, December 22. The one downside is that free shipping is no longer available.
• Purchase an electronic gift card. Electronic gift cards are purchased exclusively online and are delivered electronically to the recipient via email or to a smartphone. Most major retailers offer this option, and the "card" can be delivered to an inbox or a phone within hours, rather than days. This option is great for those last minute Christmas Eve purchases.
• Send flowers. Some merchants will provide holiday delivery for orders on or before December 23. A beautiful arrangement of flowers can provide recipients with a holiday decoration that they are not forced to stow away at the end of the season.
• Give seats to a favorite event. Almost everyone has a sporting event, concert, or theater production that they wish they could attend, and most last-minute shoppers can easily find these tickets online. Event tickets can be mailed or paperless and make a great gift that will last past the holiday season.
• Opt for a magazine subscription. Most people would be happy to receive a subscription to their favorite magazine about a hobby or interest. Shoppers can visit sites such as Magazines.com to find the best magazine based on recipient, personality or price. Shoppers can also select to have a gift notification emailed directly to the recipient.