Posts Tagged ‘healthcare’
What Happens If I Stop Paying My Mortgage?
During the current financial crisis, you may ponder the idea of simply stopping payment on your mortgage. It is an option that some may want to consider in difficult times, but it is a bad decision all the way around. The reason: It will affect your credit for years to come and is likely 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 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 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 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 MoreDoes Size Matter? Volume of Brain Area Not Always Tied to Memory, Thinking
When it comes to parts of your brain, bigger isn’t necessarily better. Experts long believed that a bigger hippocampus meant better memory. But new research finds that the size of this seahorse-shaped structure deep in the brain doesn’t always predict learning and memory abilities. Researchers looked at more than 330 older adults in Germany and…
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 More
