Learn about Reverse Mortgages
Many Consumers Wary of Reverse Mortgages, But Willing to Learn about Reverse Mortgages. I found this article and it gave me some hope. You see when I started in this business in 2007, most didn’t even want to learn about Reverse Mortgage benefits. The National Council on Aging shook up the reverse mortgage industry earlier this…
Read MoreLate Life Retirement Risks
Late Life Retirement Risks Retirees are prone to disruptive late-life financial risks as life expectancy grows, including widowhood, financial mistakes attributed to a decline in cognitive abilities and high out-of-pocket healthcare expenses. This, according to a new brief released by the Center for Retirement Research (CRR) at Boston College. While currently-available research literature indicates that…
Read MoreKey Retirement Number
Only 26% of Americans Know This Key Retirement Number Are you in the minority?Maurie Backman (TMFBookNerd) Social Security is a crucial source of income for millions of seniors, which is why eligible recipients should take steps to maximize their benefits. Unfortunately, a large number of Americans lack the knowledge to make informed decisions about Social Security,…
Read MoreIt could be in the name
It could be in the name. Experts Weigh In on Reverse Mortgages Reverse Mortgage – Is it the name, or the actual loan product that causes people to shy away? Apparently, it is the name. When presented with the description of what a reverse mortgage can do vs a traditional HELOC on which payments must…
Read MoreIs retirement really harder now?
Is retirement really harder now? Is funding retirement really harder than in years past? In a nutshell, yes. There are many reasons this is true, but following are the three list-toppers: First, people are living longer. When Social Security began in 1935 the average life expectancy was 61. Now, life expectancy is almost 86. Most people…
Read MoreIs a reverse mortgage or HELOC better for seniors
Is a reverse mortgage or HELOC better for seniors? Experts weigh in The choice between a reverse mortgage or HELOC can be a tough one for seniors.Though easing inflation and the Federal Reserve’s recent rate cut should help to ease the pressure on many Americans, some are still struggling financially. That might mean turning to credit cards to make ends meet or,…
Read MoreInvestments for seniors
Investments for seniors. Reverse Mortgage Alabama. I found this great comparison story about investing versus taking a Reverse Mortgage for financial security. Some investments aren’t worth the trouble. The Seattle Times. Business. By Scott Burns Reader is thinking about buying a three-year deferred annuity; expensive home would give owner leeway in a reverse mortgage. Q:…
Read MoreInflation scare
Ron Insana: The 2024 inflation scare has arrived, but there are still signs of hope for investors. U.S. Federal Reserve Chair Jerome Powell holds a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., March 20, 2024. U.S. Federal Reserve Chair Jerome Powell holds a press…
Read MoreIndia’s Reverse Mortgage
India’s Reverse Mortgage. Reverse Mortgage Alabama brings you news from India’s economic times, where they also have a different type of Reverse Mortgages. Should you reverse mortgage your home in wake of fall in interest rates? Find out There was a lot of expectation when reverse mortgage, a scheme that allows people aged 60 and…
Read MoreBoomers Increased security
Boomers Increased security. Colorado Newspaper. Reverse Mortgage – Increased Security By Jim Doyle A reverse mortgage can be a very effective tool for baby boomers to maintain a secure position during retirement. More and more, financial advisors are seeing the benefit of a reverse mortgage line of credit that will grow annually, and serve as…
Read More
