NEWS
Retirees who may be looking for additional sources of cash beyond Social Security benefit payments would do well to try and explore non-traditional sources of cash flow, instead of simply relying on a single source. One such source that can help to make a senior more resilient in retirement is a reverse mortgage, according to Deanna... Click to read more
The COVID-19 coronavirus pandemic has negatively affected American seniors both in terms of the more dangerous health effects of the illness itself, as well as the ability of older, traditional mortgage borrowers to make their payments on time. As a result of the pandemic, many older homeowners are at greater risk of losing homes to... Click to read more
Reverse mortgages are surprisingly unpopular considering that they let you spend the wealth locked up in your home without having to sell, protect you from a decline in the home’s value, and even (if you so choose) pay you monthly checks for as long as you live, like Social Security. Fewer than 1% of eligible homeowners have a reverse... Click to read more
A reverse mortgage is a type of financial product which has the potential to provide real relief in the form of additional cash flow for the right borrower, and should not be overlooked out of hand. This is according to Linda Leitz, a member of the Standards Resource Commission and a Certified Financial Planner Board in a column published by... Click to read more
The reverse mortgage product, while perhaps something worthy of a reticent attitude in the past, has significantly evolved over the course of the last decade and should no longer be “something to fear” for seniors looking for options to finance retirement. This is according to Linda Leitz, a member of the Standards Resource Commission and... Click to read more
For those facing difficult and unexpected life events, one of the most cumbersome and difficult things to have to deal with revolves around household finances. A book authored by a certified financial planner tailors the subject matter of the work specifically to this subject, and in one chapter details how a reverse mortgage might be able to be used... Click to read more
A senior who is looking to either more fully-fund a transition into retirement, or to bolster existing retirement resources including the home itself may benefit from a decision to tap into a home’s equity to access additional cash for a variety of reasons. However, for many at or close to retirement, tapping home equity is rarely an easy decision... Click to read more
Due to the often-cited impending “silver tsunami” of incoming American retirees and metrics which suggest that retirement savings are stagnating, the amount of seniors looking for alternative ways to supplement their cash flow in their post-working years shows signs of accelerating, and one possible way forward for seniors in the right... Click to read more
Aging in place is often a sought-after retirement outcome for many seniors hoping to avoid leaving their home in older age, but sometimes the costs associated with meeting this goal can be challenging on a fixed income. A reverse mortgage is one of the options a senior can explore to try and make the goal of aging in place a reality, according... Click to read more
Recent research conducted by Dr. Wade Pfau suggests that a retiree who chooses to incorporate a reverse mortgage into his or her retirement strategy can insulate a portfolio from market shocks, with a standby Home Equity Conversion Mortgage (HECM) line of credit that can benefit from economic inflation. This is according to a paper... Click to read more
Nearly 25% of low-income retirees have difficulty paying for medications, even well after the passage of Medicare Part D in 2006, which had the intent of reducing out-of-pocket drug costs for seniors. In a four-year period between 2011 and 2015, Medicare beneficiaries spent an average of between $620 and $700 on prescription medications... Click to read more
A reverse mortgage can be a viable option for retirees to explore if they are concerned about generating sufficient cash flow to meet their needs and to support their lifestyle in retirement, and should be considered alongside other options related to Social Security benefits. This is according to a new informational video posted to Yahoo Finance... Click to read more
When determining how to best meet the needs of a senior in retirement, a reverse mortgage could be a viable, often-overlooked alternative option especially if a senior is looking at ways to get access to a new source of cash flow. This is according to a column published this week by MoneyTalksNews... Click to read more