Posts Tagged ‘bills’
How a Reverse Mortgage Can Reduce Retirement Risks
Retirement can come with a host of unanticipated risks, but a reverse mortgage can serve as a tool to manage those risks when used responsibly. This is according to writers Julie Iannuzzi and Justin Ho in a new article posted to TheStreet. “To be sure, no one product or strategy can manage or mitigate all…
Read MoreThe Causes and Effects of an Early Retirement
Over a third of all American workers retire earlier than planned, and do so for various reasons that can relate to health, employment, family and finances, but these kinds of shocks still only comprise only a quarter of recorded early retirements. This indicates that other factors are at play, according to a new research brief…
Read MoreHow Reverse Mortgages Can Help Millions More Americans
As the reverse mortgage industry continues to try and find new ways to expand business in the wake of difficult challenges that come with regulatory changes and generally reduced volume, one reverse mortgage loan officer was looking for an opportunity to share a novel idea in terms of a new marketing target for originations: people…
Read MoreDebt Situation Grows Worse for Senior Population: Economist
Seniors are more likely to hold home-secured debt, and to hold more of it today than in years past. Their percentage of held debt held has also increased, with seniors aged 75 and up having become four times more likely to hold home-secured debt in 2016 when compared with 1989. The value of debt held…
Read MoreU.S. News: Reverse Mortgages Included Among Tips to Strengthen Retirement
A new article at U.S. News and World Report giving recommendations on strengthening retirement security offers reverse mortgages as one of the potential tools a senior can use to bolster their financial security in retirement. Among the recommendations from U.S. News contributor Craig Stephens, downsizing a home is included and offers ways for a senior…
Read MoreAARP: Debt is a Higher Priority Than Retirement Savings for Pre-Retirees
More financial attention is given to paying off significant outstanding debt when compared with saving for retirement among Americans aged 40-59. This is according to the results of a survey jointly conducted by the AARP and the Ad Council, the results of which have been released as a part of a new campaign aimed to…
Read MoreForbes: Warped Financial Priorities Lead to Tough Retirement for Americans
Americans place much of their focus on managing their existing debt over saving for the future, which results in their overall loss of focus on adequately saving enough money for retirement. This is according to Jamie Hopkins, director of retirement research at Carson Wealth in a piece at Forbes. “Most parents list paying down existing…
Read MoreBaby Boomers Are Finding More Reasons to Retire Later
Since the 1980s and 1990s, there have been substantial increases in the number of seniors staying in the labor force through previously regular retirement ages, according to Wellesley College researcher Courtney Coile. She calls this one of “the most significant labor market trends” in the United States. According to her research, as many as 1…
Read MoreRetirees Face New Challenge: Mounting Student Debt
Retirees will continue to face financial difficulties over the course of 2019, stemming from perennial problems like pensions, personal finances, social security benefits and even leftover debt from student loans. This is according to a column at MarketWatch examining the current state of the financial landscape for retirees, and accompanying data from the Federal Reserve…
Read MoreAmerican Homeowners Don’t Want to Move, Plan for Home Repairs Instead
As recent home value appreciation reports have pointed out, homeowners in America are not selling, and a recent analysis from Zillow said that many — 63% — are not looking to move at all. The Zillow Group’s Consumer Housing Trends Report 2018 surveyed 13,439 current renters, buyers, sellers, and homeowners about their housing attitudes during…
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