reverse mortgage alabama Archives | Page 6 of 9

Reverse Mortgages and the Sandwich Generation Talking about older peoples’ eating habits but the harsh reality of balancing the financial, physical, and emotional support of three generations. Two types of generational “sandwiches”. Young-Middle-Old: The typical generational sandwich is the middle-aged person struggling to financially support their children (often grown adults) AND aging parents. This…

Five Terrible Money Mistakes That’ll Wreck Your Retirement No one wants a lean, downgraded lifestyle in retirement. Stay off that path by avoiding these money no-nos. Money mistakes are like termites. They can work quietly behind the scenes, gnawing away at your wealth. You might even avoid any major consequences for years — right up…

What happens to a reverse mortgage with Medicaid? By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. Does recovery of a Medicaid lien on a home take precedence over a reverse mortgage? Or even a regular mortgage? I could foresee a situation where someone would take out a reverse mortgage to cash out, figuring they would…

VA Benefits for Veterans and Their Caregivers What Is the VA?The U.S. Department of Veterans Affairs (VA) is an agency that provides benefits for military veterans and their families. The VA is composed of three main divisions that administer different programs and services: The Veterans Benefits Administration The Veterans Health Administration The National Cemetery Administration…

A Housing Crisis for Seniors Last fall, I had to take the car keys away from an elderly relative who lives alone. This intervention should have happened much earlier, but when the day came it was one of the more emotionally wrenching things I’ve ever done. “Don’t take my car away,” he pleaded. “Without my…

Paying for long-term care As we learned in last week’s, the cost of custodial care in Aiken is about $5,000 per month for a private room in a nice nursing home and between $20-$25 a day for in-home care. If you and your spouse, or you alone if you are single, have determined that you…

Outrageous Things People With Dementia Say and How to Respond I have been though this myself, so print this off as a great guide becuase you will experience most of these phases. Dementia can cause people to say and do some pretty odd things. Family caregivers may be caught off-guard at first, but as they…

More than 1 in 5 say retirement savings are worse now than before the Great Recession The BoomerFOXBusiness Record upswing for US economy Former Reagan economist Art Laffer on the U.S. economy’s record expansion. As America marks the 10th anniversary of the end of the Great Recession in June, a new Bankrate surveyOpens a New…

How to battle sequence of returns risk. Investment News Retiring during the longest-running bull market in history can be scary, as some begin to wonder when the good times will end? There were two recurring themes at the annual Investment News Retirement Income Summit in Chicago earlier this month: the economic impact of increased longevity…

Here’s how many borrowers should refinance after the recent drop in mortgage rates Here’s how many borrowers should refinance after the recent drop in mortgage rates. A massive drop in mortgage rates will likely spark refinance activity. Mortgage rates fell 22 basis points last week to 4.06%, an event that will likely be a gamechanger…