Partial Retirement and Reverse Mortgages
Partial Retirement Should be Embraced Through Reverse Mortgages Written by Jack Guttentag- The Mortgage Professor. Partial Retirement: An Inevitable Trend That Needs Support. People are living longer but they are not increasing the accumulated wealth needed to support a longer life of retirement. On the contrary, the swing from defined benefit to defined contribution pension…
Read MoreOutliving savings
Outliving savings This morning I was listening to a Reverse Mortgage podcast and it really stuck a cord with me; out; outliving savings I think most people ignore the fact they will outlive savings with modern medicine or think something else may help. But if you are like me without a company 401k. You can…
Read MoreOriginating Reverse Mortgages
Originating Reverse Mortgages is often a heart wrenching reality. I think back on the people that I have helped over the years in my Reverse Mortgage experience. Some of the people stand out to me more than others for various reasons. I was just remembering a lovely lady that really made me cry when she…
Read MoreOrganized While Caregiving
Strategies for Getting (and Staying) Organized While Caregiving Caring for a vulnerable elder can be rewarding as well as frustrating. It can increase our self-esteem to know that we are helping someone in need, but it can also burden us as we grapple with this difficult task and the fact that we aren’t perfect caregivers.…
Read MoreOnly 5K for retirement
One-Third of Americans Have Less than $5K for Retirement The grim outlook for many Americans approaching retirement age has some new stark statistics: One-third of respondents in a recent survey said they’d saved less than $5,000 for retirement. Among baby boomers, one third said they had $25,000 or less in retirement cash available, according to…
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 MoreOnce risky Reverse mortgages safer
Once risky Reverse mortgages safer in recent years Some older adults may be wary of reverse mortgages, but in recent years, regulations have been implemented to make reverse mortgages less risky. Still, it’s best for homeowners to consider other options too, such as refinancing or downsizing. Chicago Tribune by Benny L. Kass Reporter. There have been so…
Read MoreOctober reforms
October Reverse mortgage reforms create stampede among would-be borrowers. HUD raising up-front fees for reverse mortgages starting October 2nd. A rules change that will raise fees and reduce loan amounts for reverse mortgages apparently has created a nationwide rush to get new loans completed before the reforms take effect Monday, October, 2. Agencies providing financial…
Read MoreObstacle to a Comfortable Retirement
Workers Say Inflation Is Now the No. 1 Obstacle to a Comfortable Retirement Hoping to retire, crack open a book and relax on the beach sometime soon? Not so fast. The soaring prices you’re seeing at the grocery store, gas pump and — well, everywhere, really — may complicate things. Inflation is now the top obstacle standing in the way of…
Read MoreNursing home care costs
Nursing home care costs increasing faster than other medical services, study finds By James LeggatePublished June 20, 2019Personal FinanceFOXBusiness Costs of nursing home care have generally risen faster than the costs of other services, even in the medical field, according to a new study. Researchers from Georgetown University Medical Center analyzed nursing home price data from eight states…
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