Posts Tagged ‘age’
WSJ: The Effects of Moving Baby Boomers on Home Prices
As many American baby boomers are poised to move out of their homes by the mid-to-late 2020’s, some observers are asking what kind of effect a mass migration of older Americans will have on the housing market and in some local economies. This is according to a story published in the Wall Street Journal (WSJ).…
Read MoreCards, Board Games Could Be a Win for Aging Brains
Playing cards and board games like chess, bingo and Scrabble might be the mental workout you need to keep your wits as you age, Scottish researchers suggest. People in their 70s who regularly play board games score higher on tests of memory and thinking skills than those who don’t. And 70-somethings who step up their…
Read MoreForbes: What Seniors Should Know Before Getting a Reverse Mortgage
Potential borrowers of reverse mortgages, whether they are Home Equity Conversion Mortgages (HECMs) or a proprietary, non-government product, should be aware of key features before engaging in a loan. These include borrower obligations related to taxes and homeowners insurance, as well as the ways in which reverse mortgage products have undergone significant changes in recent…
Read MoreWSJ: Reasons Retirees Should Consider a Reverse Mortgage
Retirees should strongly consider employing a reverse mortgage loan to help fund their retirements, primarily because they can serve to protect against two major problems: falling home prices, and the increasing likelihood that a senior will outlive his or her assets. This is according to Professor Benjamin Harris, executive director of the Kellogg Public-Private Interface…
Read MoreHere’s One Thing You Should Be Shopping for This Holiday Season
Forget television sets and video games, the best thing to buy during the holiday season may be a home. A new analysis from Attom Data Solutions, a provider of real-estate data, found that December is the best month of the year to buy a home when it comes to getting a relatively good price. During…
Read MoreHow Seniors Can Stay Happy and Healthy with a Smartphone
Over 90 percent of adults over the age of 55 are at risk of developing or have already developed high blood pressure, and 80 percent of seniors have at least one chronic health issue — while 77 percent have at least two. As you age, finding ways to take control of your health is crucial…
Read More40% of Empty Nesters Report They’re Still Paying Kids’ Expenses
Nearly 40% of surveyed “empty nesters” with an average age of 49 still support their adult children financially on a variety of expenses, including mobile phone plans, rent payments, groceries and student loans. This is according to a survey recently conducted by 55places. “While empty nesters may taste newly-found freedom, their wallets still seem to…
Read MoreWhy Paying Down Your Mortgage Faster Could Be a Good Investment Strategy
Paying down your home mortgage balance faster than required is not a new idea. But you may be surprised to discover how powerful it can be. I will explain. But first, note the following. This is not for everybody The accelerated mortgage paydown idea can only work for folks who have positive cash flow and/or…
Read MoreNearly 3 in 4 Americans Sometimes Feel ‘House Rich, Cash Poor’
1 in 5 American homeowners constantly feel that they are house rich and cash poor, and that their housing problems are getting worse. This is according to a new, wide-ranging and multi-generational study conducted by alternative home equity tapping company Hometap. A feeling of being “house rich and cash poor” chronically affects 1 in 5…
Read MoreAging in Place Threatened by Rising In-Home Care Costs
The costs associated with “homemaker” services – which assists older adults with tasks including cooking, cleaning, and running errands – and home health aides – who assist older adults with bathing, dressing and eating – are rising at a faster rate than nursing home care, making assistance with basic tasks more expensive. This is according…
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