New Safer Reverse Mortgage
Is the ‘New’ Safer Reverse Mortgage a Better Deal for Consumers? I found a great article today about the Newer Safer Reverse Mortgage. It doesn’t pay out as much money as before, but it will probably always. Recent changes to the reverse mortgage program have many lamenting the fact that fewer people will now qualify.…
Read MoreCritical Retirement
69% of Seniors Say Social Security ‘Critical’ Retirement Plans I found this article today with some surveys, one by Social Security: office of retirement and Disability Policy. More than two-thirds of seniors say that Social Security benefits are critical to their retirement planning according to a new survey, while a plurality said their biggest financial…
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 MoreNeed for long term care plan
Need for long term care plan Very few families are prepared for the challenge of long term care for a loved one. This is because very few families plan for the contingency of needing long term care. The seniors themselves typically ignore the need for planning and the children or grandchildren are tied up in…
Read MoreVeterans Aid and Attendance
Veterans Aid and Attendance? Veterans Pension and Survivor ‘s Pension – also known as Death Pension – are disability income programs available to veterans or to the single surviving spouses of deceased veterans. Survivor ‘s Pension or Death Pension is often referred to as “The Aid and Attendance Death Benefit.” This is a misnomer, but…
Read MoreRetirement run out of money
How not to run out of money in retirement Start thinking about your retirement – nest eggs on dollar bills. Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently…
Read MoreLong-Term Housing Needs
Helping Widowed Clients Plan for Long-Term Housing Needs The emotional and financial implications of deciding where—and with whom—to live- long term housing needs. The death of a spouse can be emotionally devastating and make tackling practical matters challenging for widowed clients. A first task for advisors, then, is to help clients navigate day-to-day matters such…
Read MoreSeniors Rely On Social Security
Seniors Rely On Social Security Quarter of Seniors Rely Solely on Social Security in Retirement. A recent analysis from the Social Security Administration shows that American seniors rely heavily on federal benefits in retirement — often in the absence of any other income source. About a quarter of U.S. residents aged 65 and older lived in…
Read MoreRetirees not to ignore Reverse Mortgages
Finance Professor Urges Retirees Not to Ignore Reverse Mortgages Early in his new book on retirement strategies, financial planner and professor Jamie Hopkins introduces the idea of reverse mortgages as a potential part of long-term retirement planning — and he quickly anticipates the potential backlash. “Let me preface this by pleading with you to continue…
Read MoreSecure Comfortable Retirement
Secure Comfortable Retirement Check these three boxes if you want to secure a comfortable retirement. by Peter Dunn, Special for USA TODAY Pete: I have a question about retiree housing which I’ve never seen addressed. What about people who’ve rented most of their working lives? This would include many career military or foreign service staffers…
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