Tapping home equity is often an overlooked possible source of income for those with fixed resources, and considering the home equity that seniors have access to, reverse mortgage products should be considered when coming up with a retirement funding plan. This is according to Stephen Resch, VP of retirement strategies at Finance of America Reverse…

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Have you wondered if downsizing your home could be a smart financial move? Maybe you’re already planning to downsize and you want to make sure it pays off. Downsizing definitely has the potential to be a smart move financially, but how you downsize makes all the difference. That’s why we’ve gathered these resources to help…

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14.5 million residential properties in the United States are considered equity-rich, based on data which indicates that the combined estimated amount of loans secured by those properties was 50% or less of their estimated market value. The count of equity-rich properties in the fourth quarter of 2019 represented 26.7% (a little over one in four)…

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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…

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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…

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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…

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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…

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