Posts Tagged ‘bills’
The 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…
Read MoreForbes: Jumbo Reverse Mortgage a Viable Alternative Financing Option
For Americans who find themselves in unique financial situations requiring forms of financing that may serve as alternatives to more traditional, forward mortgage loans, numerous financial products exist that can potentially serve customers in such situations more efficiently than traditional financing. One of these alternative methods is a jumbo reverse mortgage, according to Melissa Cohn,…
Read MoreHow Much You Need to Save for a Decent Retirement in Each State
A good retirement means different things to different people — some want to be close to their family, some don’t want to spend their winters hip-deep in snow. Retirees who travel frequently want to be near a good airport, some want to be close to a good hospital, others might want to live in a…
Read More6 Myths About Pests Your Exterminator Wishes You Would Stop Believing
If you hate creepy-crawlies, an exterminator can sound like your saving grace. However, these pest control professionals are not miracle workers. Even though they’ll show up to assess your situation, spray, or set traps, you also need to do your part to prevent an infestation. But did you know that some of your bug-busting methods…
Read MoreUSA Today: Retirement is Changing as Corporate Pensions Go ‘Extinct’
As pension plans at private companies become continuously rarer and the condition of existing corporate pension plans continues to worsen, the nature of retirement in America is being forced to go through a period of change. This is according to a story in USA Today by business trends reporter Nathan Bomey, and a report by…
Read MoreMore than Half of Americans Support Adult Children, Derailing Retirement
Parents with adult children are often closely linked in terms of finances, and the depth of those connections can sometimes threaten the retirement plans of the parents. This is according to new research released by home co-investing company Unison, announced on Thursday. According to the results of a survey conducted in August 2019, 92% of…
Read MoreLove Museums, Theater? The Arts Might Extend Your Life
If you’re a senior who loves to take in the latest art exhibit or check out a new musical, it might do more than stimulate your senses: New research suggests it could lengthen your life. Scientists found that among over 6,700 older adults they tracked, patrons of the arts had a markedly better survival rate…
Read MoreWSJ: 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 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…
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