5 Ways Retirees Can Prepare for a Recession…in Reverse If there’s one thing that can upend retirement plans it’s a recession which an increasing consensus of economists are predicting for the US economy. Indicators like a weakening labor market, stubbornly high inflation, and declining manufacturing activity all point to a potential economic slowdown. So, how […]
Benefits of a reverse mortgage
Benefits of a reverse mortgage. Is a reverse mortgage worth it? Moneywatch. CBS News Reverse mortgages provide some unique benefits compared to other home equity options. If you’re a senior looking to reduce expenses or have extra income, you may have come across a product known as a reverse mortgage. Reverse mortgages are a funding source […]
How To Buy a House When You’re Retired
How To Buy a House When You’re Retired People entering into retirement may consider purchasing a home once they do so. However, most retirees are on a fixed income in their retirement years and must be careful when considering using their savings for a major purchase. Retirement at Any Age: Get Top Retirement Tips for […]
What Is a Reverse Mortgage
What Is a Reverse Mortgage, and How Does It Work? Money.com What Is a Reverse Mortgage? A reverse mortgage is a type of home loan for older homeowners. Unlike traditional mortgages, they don’t require homeowners to make monthly payments. Instead, the borrower receives payment from the lender — either monthly, via a line of credit […]
Seniors lifeline during coronavirus
Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis. CNBC More seniors turn to reverse mortgages as a cash lifeline during the coronavirus pandemic. A reverse mortgage can be used in correlation with other retirement income strategies to lessen what’s known as “sequence of return risk.” Applications for reverse mortgages were […]
