Baby boomers are a key constituency for the reverse mortgage industry since they are currently the generation with the largest share of the population at or above the age of 62. A recent SmartAsset analysis of 2023 Home Mortgage Disclosure Act (HMDA) pinpointed where boomers are most active within the U.S. housing market. “Retirement often…

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Retirement savers experienced their third consecutive quarter of growth in Q2 2024, with Gen X savers showing strong gains in individual retirement arrangements (IRAs), a sign of progress considering that cohort’s prior struggles with saving for life after work. This is according to a report released by Fidelity Investments, based on 401(k) and 403(b) data…

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More than two-thirds of seniors say that Social Security benefits are critical to their retirement planning according to a new survey, while a plurality said their biggest financial regret from their younger days was not saving enough. The April survey was conducted by LendEDU, an online student loan refinancing marketplace, which sought the opinions of…

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More than 1 in 4 Americans 50 or older are now caregivers, looking after at least one family member or friend who has a health problem or disability, a new poll has found. In all, 30% of all people in their 50s and early 60s provide care to at least one person, the University of…

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Let’s examine a few of the best times to consider getting a reverse mortgage. When you don’t have enough income to pay your bills Many seniors have significant equity in their homes after paying down their mortgage over time, especially if home values have increased. Unfortunately, many of these same seniors struggle to meet monthly…

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Being regular is good for you, a new study shows. Predictable bowel movements could be tied to your long-term health, allowing your body to absorb essential nutrients without producing harmful organ-damaging toxins, researchers found. The “Goldilocks zone” of bowel movement frequency, once or twice a day, is associated with better health, results show. That gives…

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A newly discovered hormone could help fight osteoporosis and quickly heal broken bones, researchers say. The research team identified Maternal Brain Hormone while trying to figure out why the bones of breastfeeding women remain relatively strong, even as calcium is stripped from the bones to support milk production. It turns out that the neurons of…

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Simply walking may be the best ‘medicine’ for low back pain. The condition, which impacts about 800 million people worldwide, is a leading cause of disability and reduced quality of life. Exercise and education are commonly prescribed, but researchers say cost is sometimes a roadblock for patients. In a new study, they looked at whether…

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If you need a mortgage, a good credit score, also called a FICO score, is essential—and it’s within your control. In a nutshell, a credit score is a simplified calculation of your history of paying back debts and making regular payments on loans. If you’re borrowing money to buy a home, lenders want to know…

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A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make ends meet if you’re planning to stay in your current home, reverse mortgages are a “fourth- or fifth-tier line of…

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