birmingham reverse mortgage Archives | Page 6 of 7

Elder Law and Estate Planning Advice Whether it is physiological or psychological, as people grow older, they tend to grow more childlike. The dependence upon caregivers or family members makes an older person more vulnerable for abuse and financial exploitation. Legal arrangements and protective actions by family may be necessary to shield loved ones from…

Caregiver Stress Cause Early Death A 2003 study of caregivers by a research team at Ohio State University has proven the off-repeated adage “stress can kill you” is true. The focus of the investigation was the effect the stress of caregiving had on caregivers. The team, led by Dr. Janice Kiecolt-Glaser, reports on a 6-year…

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…

Two More Key Reverse Mortgage Tax Resources The jury’s still out on how tax reform could affect reverse mortgage borrowers — and the prevailing consensus could simply be that each homeowner’s mileage may vary based on his or her specific circumstances. But for an even deeper dive into the implications of the 2017 Tax Cuts…

Why The CFPB Is Wrong About Reverse Mortgages I found a great article today by Advisor Perspectives on the controversial holding off to take social security. In the first edition of my book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement, I did not analyze using a reverse mortgage to support the…

What To Do If You’re Home Rich And Cash Poor. A story I found from Forbes magazine today. What To Do If You’re Home Rich And Cash Poor. A story I found from Forbes magazine today. Your credit score is a big factor for most programs that allow you to draw some of the equity…

Working Longer Can Help Fund Retirement, But Many Can’t Do It Another great article by Alex Spanko . Please note the Boston College study on working longer link at bottom. Staying in the workforce longer is, at least on its face, a simple solution to retirement problems: The more weeks a worker takes in a steady…

Age in Place: Does It Make Sense to Plan to Stay at Home? It’s a common choice to stay in your own home through the later years of life. But does it make sense to age in place, or is assisted living a better option? According to the Population Reference Bureau, the number of Americans…

Want financial security? Home equity and retirement accounts are key, by Robert Powell, CNBC, USA Today It might seem obvious, even simplistic. But having home equity and retirement accounts are key to most families’ financial assets and — by extension — retirement security. According to new research from the nonpartisan Employee Benefit Research Institute (EBRI),…

How Reverse Mortgages can Fill the Retirement Income gap, who qualifies, and how much can be borrowed? from Planadviser and Lee Barney . Reverse mortgages make sense for retirees who wish to remain in their home, who need some additional income and who are not concerned about leaving the equity in their home to their…