Inadequate Retirement Income
Inadequate Retirement Income Dropped CRR Study Finds Those at risk. All groups of households experienced an improvement in risk, except middle-age and middle-income households, due in part to more non-mortgage borrowing, Between 2013 and 2016, the National Retirement Risk Index (NRRI) improved modestly, dropping from 52% to 50% of working-age households, according to the Center…
Read MoreIn Home Care Providers
In Home Care Providers need to know When I go to speak with local In-Home Care Providers, some admitted that a customer ran out of funds too soon frequently. I asked for an appointment to explain the benefits to the Manager, but never received much interest. By the time the family calls me they have…
Read MoreIn Home Care needs
Understanding the Pros and Cons of Reverse Mortgages for Seniors In Home Care needs. Many in home care providers have agreements set up with the large lenders, but I am local and have been helping keep loved ones at home for over 15 years. When it comes to helping an aging loved one with financial…
Read MoreI’m 90 and work at a convenience store. I make $14.90 an hour, and money is tight, but I hope to retire.
This as-told-to essay is based on a conversation with Vince Scidone, a 90-year-old former carpenter in Oklahoma. Scidone works part-time as a cook at a convenience store chain. He returned to work after his wife, Deborah, got sick, and they needed additional income to support them in their retirement. Business Insider has verified Scidone’s income…
Read MoreIf You Need Cash in Retirement
If You Need Cash in Retirement. Retirement & Financial Planning Report. FEDWEEK Reverse mortgages allow homeowners to tap home equity even if they can’t sell their home; this can supplement retirement funds. While hopefully your plan for funding your retirement will provide what you need, you may find that you have needs for cash that…
Read MoreI Don’t Believe Inflation is Just 6.5
I Don’t Believe Inflation is Just 6.5% Right Now (And I’m Thinking You Probably Don’t Either). On Thursday, the Bureau of Labor Statistics released the latest consumer price index report for December, which showed an annualized inflation rate of 6.5%. This means that the federal government thinks prices have increased 6.5% since one year prior. Does…
Read MoreHow to use home equity
How to use home equity while prices are still high There are multiple ways to borrow home equity that owners should be aware of. Inflation and spiking interest rates continue to plague Americans. The benchmark rate for interest rates now ranges from 5% to 5.25%, a 15-year high. The effect of the Federal Reserve’s aggressive rate hike schedule…
Read MoreHow to prepare for FHA appraisal requirements
How to prepare for FHA appraisal requirements Mortgage lenders require an appraisal of each home they extend financing for. This is to ensure they aren’t lending too much money for a place that isn’t worth it. An appraisal also comes into play if you’re a candidate for an FHA loan. If you plan to buy…
Read MoreHow to prepare for an FHA appraisal
How to prepare for an FHA appraisal Mortgage lenders require an appraisal of each home they extend financing for. This is to ensure they aren’t lending too much money for a place that isn’t worth it. An appraisal also comes into play if you’re a candidate for an FHA loan. If you plan to buy…
Read MoreHow to Pay for Home Care
How to Pay for Home Care When a chronic health condition, recovery from an illness, dementia, or even the normal aging process makes it difficult for a senior to live at home safely, in-home care can provide the supervision and assistance they need to age in place. However, families are often concerned about how much…
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