Forget what you’ve heard. Here are the new rules for post-pandemic retirement. As the coronavirus pandemic upends the economy, there’s never been a better time to examine the conventional wisdom about retirement By  Michelle Singletary  Forbes Columnist Your retirement will be unique to you, but it often helps to have some rules of thumb as a guideline.…

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Reverse mortgages get second look amid coronavirus chaos. Reverse mortgage originators are fielding higher-than-normal inquiry levels from borrowers and financial advisors. At a time when the stock market is behaving like an oscilloscope and 401(k)s are shrinking away, reverse mortgages have sparked a renewed level of attention as a potential source of stability amid an…

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Senior Homeowners can eliminate current mortgage burden. Survey: 77% of homeowners say their mortgage negatively impacts savings. Homeowners across America love their homes, and they’re continuing to spend up for them, even at the cost of saving for retirement, according to a new Bankrate survey. The vast majority of homeowners with a mortgage – 77…

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Alternatives to Long-Term Care Insurance Anticipating long-term care needs is an important part of retirement planning, as long-term care can quickly eat into your savings. The average yearly cost of nursing home care in a semi-private room was $90,155 in 2019, according to Genworth Financial, rising to $102,200 for a private room. Long-term care insurance…

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These financial advisors help their clients tackle this unknown looming cost of long term care; 70% of us will need. CNBC KEY POINTS. A person turning 65 today faces a nearly 70% chance of needing long-term-care services during their remaining years, government research shows. With prices soaring on insurance policies that provide straight coverage, some…

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10 things real estate appraisers or home inspectors won’t tell you. Apprasiers. We’re working under a cloud. There are about 80,000 real estate appraisers in the U.S. and they play a key role in most home sales: Until they weigh in with a determination of a property’s value, the buyer typically can’t finalize a mortgage. (Appraisers…

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MAKING YOUR MONEY LAST Making your money last in retirement. Live Well Without Running Out of Money in Retirement. These money-generating tactics will help retirement savers enjoy their Golden Years without stressing over cash. As you near retirement, you might look back and think that saving for this next stage of life was the easy…

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Baby-chaser index tracks boomers who move to be near grandchildren Where millennials lead, their parents and grandparents may follow Some grandparents are willing to uproot themselves if it means they can be closer to their grandchildren. No need to take that trip to grandma’s house — she may be coming to you. A quarter of…

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U.S. Govt- How to pay for care. Costs & How to Pay for care – Paying Privately for care – Reverse Mortgages to pay for care. I found this publication by the U.S. Department of Health and Human Services on LongTermCare.gov.   To help find your path forward. The Basics Just beginning to think about long-term care? Start here; it’s…

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Trying to figure out how you can pay for in home care for a loved one? You are not alone trying to find a way to keep mom or dad at home especially if they have already had a bad nursing home experience. Trying to find a way to pay to keep an elderly parent…

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