Reverse Blog
Positive Retirement Planning Tool
Barron’s: Reverse Mortgages Can Be a Positive Retirement Planning Tool The perception of reverse mortgages as a “last resort” loan to fund retirement is diminishing, but persistent. Still, reverse mortgages are increasingly being seen as a viable financial tool for eligible borrowers even though prospective users should be aware of high upfront costs, according to…
Read MoreReverse Mortgage Use
The HECM Reverse Mortgage has many ways people use it today. Consumer Eliminate current mortgage and payment. Eliminate HELOC that is due and payable in 10 years Use for medical expenses or in-home care Update or make repairs on your home Bankers I can help when a retiree comes in with a HELOC that needs…
Read MoreTough Retirement for Americans
Forbes: Warped Financial Priorities Lead to Tough Retirement for Americans Americans place much of their focus on managing their existing debt over saving for the future, which results in their overall loss of focus on adequately saving enough money for retirement. This is according to Jamie Hopkins, director of retirement research at Carson Wealth in…
Read MoreSeniors’ Financial Challenges
Overcoming Low-Income Seniors’ Financial Challenges People over the age of 50 with low-to-moderate incomes are facing an increasingly intense and unique set of financial challenges as traditional late-life retirement funding options, like an employer’s pension, become less available. This is according to a study conducted jointly by the Center for Financial Services Innovation (CFSI) and…
Read MoreSocial 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…
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