Posts Tagged ‘age’
Is It Time to Refinance Your Mortgage?
Worries about coronavirus have battered stocks and sent investors fleeing to the safety of U.S. government debt. On Friday, the yield on the 10-year Treasury note fell below 0.7% for the first time. Earlier this week, the Federal Reserve cut its benchmark rate to a range between 1% and 1.25%. Mortgage rates are expected to…
Read MoreForbes: Reverse Mortgages Can Help Pay for Long-Term Care
Because there are notable gaps in the coverage of long-term care (LTC) services in the Medicare program, one possible path to funding such services could be through the use of a reverse mortgage. This is according to Diane Omdahl, a former technical expert for the Centers for Medicare and Medicaid Services (CMS) and a Medicare…
Read MoreWomen Often Carry the Burden of Caring for Aging Parents
Women primarily carry the burden for serving as primary caregivers for their aging parents, which has notable implications on their own future financial and retirement goals. This is according to a study conducted by the Nationwide Retirement Institute, and highlighted recently by Yahoo Finance. According to the results of the study, nearly two-thirds of caregivers…
Read MoreFinancial Planner: Reverse Mortgages Can Offer Path to Retirement ‘Paycheck’
Managing finances in retirement can be difficult for a senior, most especially if someone is already strapped for cash. That makes the possibility of regular cash flow in addition to pre-existing benefit programs very attractive, and reverse mortgages can offer some seniors a viable path toward just such a path. This is according to a…
Read MoreFinancial Planner: Reverse Mortgages Can Offer Path to Retirement ‘Paycheck’
Managing finances in retirement can be difficult for a senior, most especially if someone is already strapped for cash. That makes the possibility of regular cash flow in addition to pre-existing benefit programs very attractive, and reverse mortgages can offer some seniors a viable path toward just such a path. This is according to a…
Read MoreTime Spent on the Links May Lengthen Life
Grab your golf clubs. Spending a day on the green at least once a month may lower the risk of early death among older adults, a new study finds. About 25 million Americans play golf, which is a sport that can reduce stress and yield exercise benefits. Social in nature and played at a controlled…
Read MoreMortgage Rates Are at 3-Year Lows—Here Are 5 Questions to Ask Yourself Before You Refinance
Mortgage rates are resting near record lows — and that’s spurring a wave of refinancing activity as Americans look to take advantage of the savings a cheaper interest rate could bring. Refinance loan volume jumped to the highest level since 2013 last week, especially among jumbo mortgage borrowers, on the heels of lower mortgage rates,…
Read MoreBarron’s: Jumbo Reverse Mortgage Can Help House Rich Seniors
For seniors who own homes with a notable amount of equity, proprietary jumbo reverse mortgages can be a viable option to explore when looking for the means to pay down an existing, forward mortgage or fund retirement. This is according to an article appearing at financial news outlet Barron’s. Particularly for seniors who live in…
Read MoreA Quarter of Middle-Aged Americans Worry They Can’t Afford Health Care
A large fraction of Americans nearing retirement age are worried they can’t afford health insurance now, much less when they quit working to enjoy the good life, a new survey shows. One in every four people between 50 and 64 are not confident they’ll be able to afford health insurance during the next year, and…
Read MoreThe No. 1 Thing People With Fat Savings Accounts Scrimp on That You Likely Don’t
Housing may be the key to bigger savings. Earlier this week, a Reddit post — from a 48-year-old woman claiming to be a millionaire despite having only low-paying jobs until about age 30 — went viral, and in it she details some extreme frugality. She says she saves tea bags so she can make multiple…
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