national news stories
Reverse mortgages can improve lifestyles
Reverse mortgages can improve lifestyles Reverse mortgages can improve lifestyles of any seniors who are least 62 and wish to increase their incomes or provide a meaningful hedge against future contingencies. Bear in mind that the reverse mortgage options that are available to access a portion of the equity in your home include: — Establishing…
Read MoreI Don’t Believe Inflation is Just 6.5
I Don’t Believe Inflation is Just 6.5% Right Now (And I’m Thinking You Probably Don’t Either). On Thursday, the Bureau of Labor Statistics released the latest consumer price index report for December, which showed an annualized inflation rate of 6.5%. This means that the federal government thinks prices have increased 6.5% since one year prior. Does…
Read MoreNon Taxable Retirement Income
Non Taxable Retirement Income If you’re saving for retirement, boosting your bank account to meet your goals is a priority. But it’s important to plan for taxes as well. If you’re using a traditional taxable brokerage account, your investments could face significant taxation. On the other hand, some income may be considered non taxable retirement income. Focusing…
Read MoreDouble-digit percentage drop will hit stocks in early 2023
‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023. A lot of two-way risk in the stock market right now, warns Morgan Stanley’s Mike Wilson. Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900…
Read MoreExtra cash for the holidays
5 ways to get extra cash for the holidays It’s that time of year again. The time for holiday parties, gifts, festive decor and, well, spending. That’s right: According to the National Retail Federation, the typical American will spend over $800 this holiday season — on gifts, holiday items and other non-essential purchases. Don’t have that…
Read MoreNow’s a great time for a reverse mortgage
Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease…
Read MoreAging Parents Need Home Care
How to Know If Your Aging Parents Need Home Care. by Elder Law Answers Friendly nurse interacts with senior woman in home setting.As our parents get older, we must make tough decisions regarding their health care. It can be hard to know when to bring in professional support in the form of home care. Consider…
Read MoreGetting a reverse mortgage
Older homeowners aged 62 and older are sitting on a mountain of equity. Over $11 trillion dollars according to the National Reverse Mortgage Lenders Association’s Risk-Span Reverse Mortgage Market Index. With seniors awash in home equity is this a good time for older homeowners to tap into their home’s value? With home prices on average…
Read MoreEverything to know about reverse mortgages
Everything to know about reverse mortgages BY ALY YALE. CBS NEWS.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can…
Read MoreLong-Term Care and Housing
Many Middle-Income Seniors Will Not Be Able to Pay for Long-Term Care and Housing in 10 Years Total Number of Middle-Income Seniors Expected to Grow by 89 Percent by 2033 CHICAGO, August 31, 2022 – By 2033, more than 11 million middle-income seniors aged 75 and older may not be able to pay for assisted living and…
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