national news stories
Reverse Mortgages and Long-Term Care
Reverse Mortgages and Long-Term Care: The Pros and Cons Planning for the care of a loved one can be a daunting task. Many of the questions that arise during the process will consider the type of care that may be needed — for example, will your loved one be able to stay at home with…
Read MoreHousing Market This Spring
After seven straight months of home price declines, here’s what 6 economists and real estate pros say to expect from the housing market this spring. Pros predict what will happen in the housing market this spring. The spring home buying season is upon us — and even ahead of it, we saw home sales rise.…
Read MoreStocks Could Struggle In The Days Ahead
I brought this to my news page to ensure my clients are able to keep up with things that may affect their decision. Wharton professor Jeremy Siegel warns the recession threat is growing – and stocks could struggle in the days ahead. Jeremy Siegel sees a rising risk of recession and a downbeat outlook for…
Read More10 Reasons You Won’t Need $1 Million to Retire
10 Reasons You Won’t Need $1 Million to Retire Many people believe having $1 million in the bank is a magic number that can allow them to retire. But do you really need that much? Numerous factors play a role in the decision of how much money you need to retire, including the lifestyle you…
Read MoreAmericans are falling deeper in debt
Nearly half of all Americans are falling deeper in debt as inflation continues to boost costs KEY POINTS With inflation hitting a 40-year high in June, Americans are struggling to keep up with rising prices and putting less money aside for emergencies or long-term financial goals, several studies show. Americans’ overall satisfaction with their financial…
Read MoreBest Small Towns For Retirement
Best Small Towns For Retirement When looking for a city to retire in, you should consider all factors that could add to a high quality of life. Affordability can be essential for older adults on a fixed monthly income. Walkability, access to healthcare and recreational activity, and a low crime rate can all make a retirement city ideal.…
Read MoreDoes the lender own my home
If I take out a reverse mortgage loan, does the lender own my home? No. When you take out a reverse mortgage loan, the title to your home remains with you. Most reverse mortgages are Home Equity Conversion Mortgages (HECMs). The Federal Housing Administration (FHA), a part of the Department of Housing and Urban Development…
Read MoreOne in Six retirees is considering a return to the workforce
The survey — which included 930 American employees and 206 hiring managers — illustrates the number of people returning to work after retirement and outlines the reasons why they’re making these moves. The results also indicate that the majority of those considering a return to the workforce would prefer remote or hybrid positions. “Among those…
Read MoreWill US Housing Crash The Economy
Will US Housing Crash The Economy? Maybe it’s different this time. A slowdown in US construction activity has preceded broader slowdowns in the past. Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The…
Read MoreShould You Use a Reverse Mortgage to Retire
Should You Use a Reverse Mortgage to Retire Should You Use a Reverse Mortgage to Retire? Many or all of the products here are from our partners that compensate us. It’s how we make money. But our editorial integrity ensures our experts’ opinions aren’t influenced by compensation. A reverse mortgage could provide much-needed cash flow,…
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