Sandwich Generation
Reverse Mortgages and the Sandwich Generation Talking about older peoples’ eating habits but the harsh reality of balancing the financial, physical, and emotional support of three generations. Two types of generational “sandwiches”. Young-Middle-Old: The typical generational sandwich is the middle-aged person struggling to financially support their children (often grown adults) AND aging parents. This…
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Sandwich Generation. Reverse Mortgage Alabama. The Sandwich Generation: Who is Caring for You? Huffing Post. Ruth Tarantine, DNP, RN Nurse, educator, patient advocate Social worker Dorothy Miller, originally coined the term “sandwich generation” back in 1981, to describe women in their 30s to 40s who were “sandwiched” between young children and aging parents as their…
Read MoreSalute to Veterans
The National Salute to Veteran Patients Week. The week serves not only as a gesture of gratitude but also to raise awareness about the needs of hospitalized veterans and the role of VA facilities in providing comprehensive care. Those interested in participating or learning more National Salute to Veteran Patients Week The National Salute to…
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 MoreRunning out of retirement money
Scarier than death? Running out of retirement money Old age is the trickiest part of life to navigate financially, with its unpredictable care expenses and unknowable longevity. It’s also the point at which cognitive decline can scupper even the savviest financial plan. Why it matters: A recent American Economic Association paper surveyed Americans in or…
Read MoreRun Out of Money in Retirement
Here’s How Many U.S. Households Will Run Out of Money in Retirement This is going to turn into a major problem affecting young boomers at a large scale. I am involved with my parents who have a Reverse Mortgage and they were set. Plenty of money, plus VA aid and attendance to add over $2000…
Read MoreRise of single woman buyer
WSJ: The Rise of the 55+ Single Woman Home Buyer with HECM for Purchase Single women over 55 continue to be a growing segment of the homebuyer population, according to research presented in a recent Wall Street Journal article. Citing research form Ralph McLaughlin, the founder and chief economist at Veritas Urbis Economics in Alameda, Calif., the article states…
Read MoreReverse mortgages: What you need to know.
Reverse mortgages: What you need to know. Mass Mutual Blog. It’s similar to getting an advance on a paycheck, but in this case you are trading in equity in your home for a cash payment, typically tax-free. A reverse mortgage will eliminate your monthly mortgage payments. You can use the cash (taken as a lump…
Read MoreReverse Mortgages Well Suited to Aging in Place Issues
Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues The Reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in senior housing and nursing facilities. However, some issues…
Read MoreReverse Mortgages That Work
Reverse Mortgages That Work A path to provide retirees with financial flexibility and security. brought to you from Kiplinger Magazine and Scott Underwood- Reverse Mortgage Alabama. Many homeowners in or near retirement face a quandary. Their wealth is tied up in their home—two-thirds of the average retiree’s net worth is home equity—yet they’d rather not…
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