Reverse Mortgages – niche product?

Brookings: Reverse Mortgages Should be More than a Niche Product Reverse mortgage products, while unlikely to become “a pillar” of American retirement, are economically justified “to play an expanded role in helping older Americans achieve a secure livelihood.” This is according to a new research paper released by the Brookings Institution, authored by researchers Martin […]

Thoughts On Reverse Mortgages

All My Thoughts On Reverse Mortgages by the banker.   I’m not the right age for reverse mortgages but a reader asked me for my help. Some deep-down part of me will always be a mortgage guy, so I decided to learn more about these things. The reader, named Jesse, aged 73, called to relay […]

Americans Don’t Save for Retirement

Americans Don’t Save for Retirement Because They Don’t Earn Enough Money Too few Americans are saving for retirement. Those who do save are putting away too little. It is only a matter of time before this sparks an economic and political crisis. Proposals for addressing this looming crisis usually fall into three categories. Some argue […]

Long Term Care Insurance

Long Term Care Insurance Grows More Difficult for Seniors to Fund Financial PLanners and Elder Care Attorneys are recommending Reverse Mortgages (HECM) to help seniors have enough funds to retire or put the money in a line of credit and let grow until their client has medical needs. Options for long-term care (LTC) insurance are diminishing […]

Caregiving – Siblings Don’t Help

Top 3 Excuses From Siblings Who Don’t Help With Care giving Unfair as it may seem, even in families of many adult children, one sibling us-ually becomes the primary caregiver for their aging parents. In many families, such as mine, this person is the one who lives the closest to the parents and/or is most […]

5 Ways Retirement Plans Go Off Track

5 Ways Retirement Plans Go Off Track Bob Carlson , CONTRIBUTOR. I research/write about all facets of retirement/retirement planning. Opinions expressed by Forbes Contributors are their own. The retirement stories I most hate to hear are about people who entered retirement financially secure but saw that security disappear over the years. These stories are all […]

Reverse Mortgage-What is it?

Reverse Mortgage-What is it?  Reverse Mortgage-What is it? Just under 20% of seniors who responded to a recent survey were aware of reverse mortgages — despite showing an overwhelming desire to stay in their homes and potentially make renovations into old age. Among homeowners aged 60 to 70, 44% said they would keep a mortgage […]

Retirement in trouble

Retirement in trouble.Read CNBC’s “Your retirement is in trouble … what are you doing about it?” by Darla Mercado | @darla_mercado Americans are losing sleep over their ability to retire, but few are doing anything about it. Those were the findings from a recent retirement confidence survey conducted by the Employee Benefit Research Institute. […]