financial advisors are uninformed

Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change.  The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out […]

Seniors 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 […]

Retirees 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 […]

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 […]

HECM Market

Why the HECM Reverse Mortgage Market Is Stunted – and What Can Be Done About It. by Jack Guttentag, Contributor. Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania Jack Guttentag, Contributor Professor of Finance Emeritus at the Wharton School of the University of Pennsylvania. On the positive side of the […]

Taking Social Security Payments

Taking Social Security Payments ASAP Makes Retirees Happy, But At What Cost? The decision to take or delay receiving Social Security payments can be one of the most difficult quandaries that retirees face, and the right answer isn’t always the one that results in the most immediate happiness. Financial planning blogger Dirk Cotton explores this […]

A HECM saves your retirement

Could a Reverse Mortgage (HECM) Save Your Retirement? Now It Counts-Home section. A HECM saves your retirement if you’re a homeowner age 62 or older, have paid down all or a considerable amount of your mortgage, and currently living in the home, you may participate in FHA’s Home Equity Conversion Mortgage (HECM) program. HECM is […]