Social Security Benefits

It’s Getting Harder to Qualify for Social Security Benefits in Retirement. Here’s the Reason Why To qualify for Social Security benefits, you need to accumulate 40 work credits in your lifetime. You can accrue a maximum of four credits per year. The value of a single work credit is rising in 2025, so part-time workers […]

Reverse mortgage lenders are ready for lower interest rates

Reverse mortgage lenders are ready for lower interest rates Lower rates benefit seniors on a fixed income By Chris Clow Federal Reserve lowering its benchmark interest rate by 50 basis points (bps) to a range of 4.75% to 5% will have wider economic ramifications in the government’s ongoing efforts to fight inflation, there are expected benefits to the reverse mortgage […]

During Retirement

Forget the 4% Rule? Here’s What You Should Really Be Looking at During Retirement. Everyone’s retirement is different, but we all have a common goal: ensuring our retirement savings last long enough. The 4% rule is arguably the go-to guideline for determining how quickly you can spend your savings. It states that a retiree can […]

Prepare for a Recession

5 Ways Retirees Can Prepare for a Recession…in Reverse If there’s one thing that can upend retirement plans it’s a recession which an increasing consensus of economists are predicting for the US economy. Indicators like a weakening labor market, stubbornly high inflation, and declining manufacturing activity all point to a potential economic slowdown. So, how […]

Responsibly Using a Reverse Mortgage

Responsibly Using a Reverse Mortgage in a Retirement Plan Reverse mortgages have long been thought of as merely a last resort for someone’s retirement plan, the only remaining alternative when nothing is left to draw on. Before 2013, lending rules were very different and reverse mortgages got a bad rap for giving borrowers up to […]

Rate

Reverse Mortgage rate have come down a ½ point. Mortgage company rate speculators try to “get ahead”.  This is not the quarter point we have been waiting for since early 2022. Instead, the rate has gone up for 19 months in a row. I am 50/50 if they will cut it, but if they do it will […]

Mortgage Rate Predictions for 2024

Mortgage Rates Forecast For 2024: Experts Predict How Much Rates Will Drop Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors’ opinions or evaluations. Mortgage rates have finally settled into a downward groove—at least for now. The average 30-year fixed mortgage rate declined significantly in August […]

Reverse Mortgage: Cost vs. Benefit

Pitch for Reverse Mortgage: Cost vs. Benefit  I understand that considering a reverse mortgage is a significant decision, and it’s natural to have concerns about the costs involved. Let’s walk through how a reverse mortgage can truly benefit you and why it might be the right solution for your financial needs.” Acknowledging the Concerns: “I know […]

Mortgage Rate Forecast

Mortgage Rate Forecast For 2024: Experts Predict How Much the Mortgage Rate Will Drop. Mortgage rates just can’t seem to get into a sustainable downward groove. After hitting a 2024 high of 7.22% to start May, the average 30-year fixed mortgage rate dropped 19 basis points over the course of the month before rising above […]

Reverse Mortgage pros and cons

Newsweek turns eye toward reverse mortgage pros and cons The new column examines potential strengths and weaknesses of reverse mortgages, according to a team judged to be financial experts A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and […]