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4 Unconventional Ways to Fund Your Retirement One or more of these unconventional methods could be just the key you’re looking for. Key Points Working a traditional job and investing your funds isn’t the only way to save for retirement. Thinking outside the box can help you generate extra money for your future. Diligently saving…

80% Of Seniors Are Not Selling Their Homes – Here’s The Financial Strategy They’re Using Instead New data from the American Advisors Group shows that the overwhelming majority of seniors do not intend to sell their homes in older age and have no intention of ever moving. 82% of seniors say they want to live…

How do you pay back a reverse mortgage? At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. A reverse mortgage can make it possible for seniors to remain…

Sources of Retirement Income When you’re retired, you need dependable income — often from multiple sources Try not to rely on just one income stream in retirement, as it may not provide enough money. Think about what kinds of income streams are most possible and appealing for you. Consider dividend-paying stocks or reverse mortgages, for…

Partial Retirement Should be Embraced Through Reverse Mortgages Written by Jack Guttentag- The Mortgage Professor. Partial Retirement: An Inevitable Trend That Needs Support. People are living longer but they are not increasing the accumulated wealth needed to support a longer life of retirement. On the contrary, the swing from defined benefit to defined contribution pension…

Retirees Make the Most of Your Home Equity A home equity loan or home equity line of credit may be perfect for your retirement finances. But don’t delay; a fee increase is coming. A debt-free retirement has been the ideal scenario for so long that older adults often overlook a valuable financial resource: their home.…

Danger: Aging Parents Overspending, Running Low, And What You Can Do Briana called AgingParents.com in distress. She was feeling panicky and angry. Her 80 year old mother, Rhonda, had just bought another new car she could not afford. Briana explained that her mother’s funds were limited, but she kept insisting on living the life she…

Why is it always a goal to put aging loved ones on Medicaid? I’m asking this question, because I constantly see articles and receive advice from family/financial/ estate planning about getting Medicaid coverage, and how to “protect” the aging’s assets so they can qualify for Medicaid. Here’s my question, if your loved one spent their…

Reverse mortgages: What you need to know. Mass Mutual Blog. It’s similar to getting an advance on a paycheck, but in this case you are trading in equity in your home for a cash payment, typically tax-free. A reverse mortgage will eliminate your monthly mortgage payments. You can use the cash (taken as a lump…

Why a Reverse Mortgage is worth considering more now than ever as a retirement planning tool. During our COVID-19 lockdown, my wife returned to an old hobby and set up a jigsaw puzzle on our dining table. Four-hundred and ninety-nine pieces and quite a few hours later, she learned she was missing something. Disappointing, right? We…