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Social Security Insecurity
Social Security Insecurity Pressing The Reset Button: The Gap Years. Social Security & an IPA Social Security Insecurity. As human lifespan climbs steadily towards the century mark, Social Security is only one — and woefully inadequate — means of funding a lengthening retirement period. In fact, we’re in the midst of creating second-stage work lives, or…
Read MoreSafer Reverse Mortgages
Safer Reverse Mortgages vs. New Alternatives As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves in a more competitive environment. Originators don’t tend to see these products as threatening, but more traditional reverse mortgages may have another…
Read MoreHow Retirement Changes Your Identity
Harvard Business Review: How Retirement Changes Your Identity Studies show that people who are able to afford a full retirement – and who will also be healthy enough to enjoy it – are generally much happier in retirement since their working life is behind them, and they can instead spend their time doing the things they…
Read MoreNeed to know before retiring
Financial advisers share what near-retirees need to know before retiring Retirement is a monumental transition in a person’s life, and it shouldn’t be taken lightly. Every aspect of life is affected by the decision to retire, including relationships, health and wellness, and of course finances. Couples in particular are learning how to share their hopes…
Read MorePlanning for Retirement
Planning for Retirement Social Security Resource Center Savings & Planning Planning for Retirement. Survey: Paying Off Debt Is Higher Priority Than Retirement Funding AARP, Ad Council release new campaign to spur increased savings. Saving for retirement takes a back seat to paying off significant debt for Americans ages 40 to 59, according to a recent…
Read MoreSenior Poverty
Social Security Minimum Benefits Fail to Prevent Senior Poverty The Social Security program’s minimum benefit for retirees who have very low career earnings does not prevent a beneficiary in this category from staying out of poverty, and is continually being eroded because of a design flaw. This is according to a new research brief released…
Read MoreActive 55+ Communities
Active 55+ Communities Active 55+ Communities Present Growing Reverse Mortgage Opportunity. We know of many in Birmingham that people are using a Reverse Mortgage (HECM) Purchase to buy. I believe this to be a big way to save retirement funds from the sale of the last home. Lifestyle communities for residents over the age of 55…
Read MoreSocial Security Program Changes
Social Security Program Changes, Effects on Reverse Mortgage Borrowers This year, the Social Security program will be seeing its largest cost of living adjustment (COLA) in seven years, with beneficiaries receiving an additional 2.8 percent to their benefit payout. The result of the COLA for the average individual retired Social Security beneficiary is expected to…
Read MoreReverse Mortgages Can Help Millions
Reverse Mortgages Can Help Millions More Americans As the reverse mortgage industry continues to try and find new ways to expand business in the wake of difficult challenges that come with regulatory changes and generally reduced volume, one reverse mortgage loan officer was looking for an opportunity to share a novel idea in terms of…
Read MoreWhat to Look For In A Retirement Plan
What to Look For In A Retirement Plan A retirement plan has two major objectives. One is to provide assurance that you will not run out of money at an advanced age. Reflecting this objective, and because only an annuity pays you until you die, with few exceptions every retirement plan should contain an annuity.…
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