Healthy Marriage While Caregiving
Healthy Marriage While Caregiving Caring for an aging parent can be stressful beyond belief. In fact, full-time caregivers are at increased risk for depression, health problems and substance abuse. It only makes sense that the strain can also take a serious toll on caregivers’ relationships with their significant others. While the things necessary for maintaining…
Read More10 Ways to Boost Retirement Income
10 Ways to Boost Retirement Income Don’t assume that your retirement income is fixed. You can increase it — and live off of more money in the future. by Selena Maranjian- The Motley Fool If you think of the term “fixed income,” you probably think of retirees. After all, people in retirement are typically relying…
Read MoreRetirement Countdown 5 Year Plan
Retirement Countdown 5 Year Plan For most of your working life, it wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you skimmed your company’s benefits handout, checking to see if your new glasses were covered or if you’ll be reimbursed for your gym membership. Retirement was more like…
Read MoreSocial Security benefits
What you don’t know about Social Security benefits could cost you For so many, Social Security is the safety net they just cannot live without. But knowing when to collect your benefits and understanding the system’s complex rules can be very vexing. In a poll earlier this year conducted for MassMutual, nearly half of respondents…
Read MoreNest Egg Booster
USA Today Lists Reverse Mortgages as a Key Nest Egg Booster USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as…
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 MoreReverse Mortgages Pros & Cons
What experts say are the pros & cons of reverse mortgages. As housing costs increase, so does the cost of living for those on fixed incomes. For many elderly homeowners, reverse mortgages are seen as a viable solution. Reverse mortgages allow homeowners over the age of 62 to borrow against the equity they have in their…
Read MoreReasons seniors choose HECM for Purchase
Inside the Reasons Why Seniors Choose the HECM for Purchase Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move…
Read MoreReverse Mortgages and Divorce
Reverse Mortgages Help Curb Retirement Risk for Divorced Women Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular.…
Read MoreSenior Falling
How to Safely Pick a Senior Loved One (or Yourself) Up After Falling Falls are a common occurrence for seniors, and, as many caregivers know, they can be very frightening. Once the initial shock wears off, family members are often left wondering how to get an aging loved one back on their feet. The answer to…
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