Here’s a snip-it from an article by Patricia Mertz Esswin, a contributing writer with Kiplinger, about the various options available to retirees for tapping into the equity in…
Retirees, Make the Most of Your Home Equity
What Is a Proprietary Reverse Mortgage?
A proprietary reverse mortgage is a loan that allows senior homeowners to access the equity in their homes through a private lender. They are not as tightly-regulated as home…
Resource For Homeowners Who Need Help
The Finance of America Foundation has created a new online resource for homeowners of all ages who may be experiencing financial hardship. You will be asked a few…
Medicare Advantage (Medicare Part C)
Medicare Advantage (Part C), a privately offered alternative to Original Medicare (Parts A and B), has grown in popularity over the years. In 1999, 18% of Medicare enrollees…
Best Home Modifications For Aging In Place and How to Finance Them
Here’s are several excerpts from an article by Jeanne Lee that appeared in Bankrate.com. Most Americans over age 50 prefer to remain in their current home and community…
Retired seniors’ guide to downsizing
When considering downsizing your home, there are issues and stressors you may have never encountered. For seniors, this is a situation that sometimes comes from necessity. And now,…
Planning Your Finances For An Uncertain Future
The coronavirus has changed many people’s financial circumstances quickly. There are steps you can take if your income has decreased suddenly. But do you and those you care about…
Social Security Benefits Lose 30 Percent of Buying Power Since 2000
An analysis of Social Security “cost of living adjustments” (COLAs) compared to the actual costs of goods and services purchased by older Americans found that Social Security benefits…
Is now the right time for seniors to consider a reverse mortgage?
Liz Weston, NerdWallet’s personal finance expert, is also a Certified Financial Planner and author of five money books including the best-selling “Your Credit Score.” During a recent interview with…
Valuable Financial Resources for Older Adults from the CFPB
The Consumer Financial Protection Bureau (CFPB) is providing relevant financial education resources for older adults, their families and practitioners who work in the aging field during the coronavirus…
Aging Parents and Their Finances — A Delicate Discussion
Here’s an informative article about death and money – two topics many families try to avoid altogether but, are a crucial discussion for aging parents and their adult…
IRS Launches Online Registration for Stimulus Checks
Taxpayers who don’t usually file a tax return have been waiting to see how the Treasury Department and the Internal Revenue Service (IRS) would allow them to get…
5 Steps Women Can Take to Improve Their Retirement Readiness
Here’s an informative article by the investing specialists at Morningstar. The data is sobering about women’s retirement preparedness, but being pre-emptive can help stave off a shortfall.…
How Homeowners Can Use Reverse Mortgages for Retirement Income
Stephen Resch, a vice-president of retirement strategies at a reverse-mortgage lender recently wrote an article that appeared in MarketWatch. When seeking additional retirement income, some retirees may seek to…
Moves to Make Now to Age in Place
Mary Kane, associate editor of Kiplinger’s Retirement Report, published a comprehensive guide for consumers who wish to start planning ahead so that they can successfully age in place.…
Does Medicare Pay For Long-Term Care? Don’t Make A Big Mistake!
Most people don’t realize that Medicare doesn’t cover long-term care, even though a person turning 65 today has almost a 70 percent chance of needing help as they…
4 Helpful Guides For Consumers Considering a Reverse Mortgage
Reverse mortgages are a versatile financial tool that over 1.2 million homeowners have used to enhance their retirement years. However, like any financial product, reverse mortgages should be…
Jane Bryant Quinn’s New Thinking on Making Your Money Last
Author and esteemed financial journalist Jane Bryant Quinn explains why she changed her mind about reverse mortgages and feels better about recommending them as a retirement planning option…