Posts Tagged ‘retirement’
Thinking About a Reverse Mortgage?
Thinking About a Reverse Mortgage? Why It’s Normal to Pause (and How to Get Clarity) Deciding how to tap into your home equity in retirement is a major life milestone. If you have been researching a reverse mortgage and find yourself hesitating, stalling, or simply wanting to push the pause button, we want you to…
Read MoreHow a 67-Year-Old Used a Reverse Mortgage as a Bridge to Delay Social Security to 70 and Added $186,000 to Lifetime Income
Reverse Mortgage as a Bridge to Delay Social Security A 67-year-old homeowner can fund a three-year Social Security delay with a HECM Line of Credit instead of portfolio withdrawals, securing a permanent $815 monthly benefit increase (24% raise) while avoiding sequence-of-returns risk during market downturns; the strategy nets approximately $186,000 in additional lifetime wealth. A…
Read MoreWhen Golden Years Become Painful
I have drawn on the featured article from the Care Navigator newsletter, which discusses the challenges many seniors face in retirement, including financial strain, health issues, and the importance of proactive planning, titled – When Golden Years Become Painful. When Golden Years Become Painful, Retirement is often painted as a time of relaxation, travel, and…
Read MoreI’m 90 and work at a convenience store. I make $14.90 an hour, and money is tight, but I hope to retire.
This as-told-to essay is based on a conversation with Vince Scidone, a 90-year-old former carpenter in Oklahoma. Scidone works part-time as a cook at a convenience store chain. He returned to work after his wife, Deborah, got sick, and they needed additional income to support them in their retirement. Business Insider has verified Scidone’s income…
Read MoreHow Panicked Investors are Helping the HECM
How Panicked Investors are Helping the HECM In 2025, the HECM lending industry stands at a critical juncture—balancing long-term promise against short-term headwinds. While demographic trends continue to favor a bright future, reverse mortgage professionals are grappling with regulatory hurdles, declining loan volume, and ongoing public misconceptions. The sentiment? Cautious optimism, grounded in realism. Today,…
Read MoreSocial Security Benefits
It’s Getting Harder to Qualify for Social Security Benefits in Retirement. Here’s the Reason Why To qualify for Social Security benefits, you need to accumulate 40 work credits in your lifetime. You can accrue a maximum of four credits per year. The value of a single work credit is rising in 2025, so part-time workers…
Read MoreIs a reverse mortgage or HELOC better for seniors
Is a reverse mortgage or HELOC better for seniors? Experts weigh in The choice between a reverse mortgage or HELOC can be a tough one for seniors.Though easing inflation and the Federal Reserve’s recent rate cut should help to ease the pressure on many Americans, some are still struggling financially. That might mean turning to credit cards to make ends meet or,…
Read MoreDuring Retirement
Forget the 4% Rule? Here’s What You Should Really Be Looking at During Retirement. Everyone’s retirement is different, but we all have a common goal: ensuring our retirement savings last long enough. The 4% rule is arguably the go-to guideline for determining how quickly you can spend your savings. It states that a retiree can…
Read MoreTips for Boomers Who May Have Retired Too Early
Tips for Boomers Who May Have Retired Too Early As a baby boomer who has opted for early retirement, you may be grappling with how to make your retirement funds stretch out over the years ahead. You’re wise to do so — especially if you’re not even 60 yet. 5 Cities Becoming Popular With Baby Boomers: Are…
Read MoreNot Taking Retirement Seriously Enough
Wealthy Americans Are Not Taking Retirement Seriously Enough Attention High Earners: You are Not Taking Retirement Seriously Enough Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While…
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