For new retirees who begin their non-working lives without the advantage of having savings, a new article from U.S. News and World Report offers up six potential steps people in that situation can take in order to enhance their financial standing in their retirement years. Among the included recommendations is the employment of the home…

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If you are thinking about purchasing a home near an airport, here’s what I considered on my homebuying journey to help guide you on your decision. Concern No. 1: Noise One of the biggest possible drawbacks of living near an airport is—you guessed it—the sometimes booming sound of planes landing and taking off. So you’ll…

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Retired couples who are Medicare beneficiaries could need as much as $413,000 saved to cover medical expenses in the latter stages of life, an increase over the previous year’s estimate of $383,000. This is according to new findings from the Employee Benefit Research Institute (EBRI). The figure is the “predicted savings target for Medicare beneficiaries…

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A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S. Census…

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Much research has explored the mental and physical health benefits of maintaining social contacts well into later life. Studies also show that maintaining sexual health can have profound benefits that may include slowing down the aging process. Besides the exercise value of sex, research has found that sexual pleasure and intimacy may help ease everyday…

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Among the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive…

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Still weighing whether to make a New Year’s resolution? Or perhaps regretting letting your healthy habits slide during the holidays? Either way, the American Medical Association (AMA) has ten recommendations to help Americans improve their health in 2024. “It is quite common after the holidays to think about all you’ve eaten or your reduced physical…

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The Federal Housing Administration (FHA) ties a growth rate to mortgage interest rates on HECM credit lines, Resch explained. “With higher rates, the available line of credit grows faster,” Resch told the publication. This is a different result compared with clients who have other kinds of home equity loans, who are seeing available cash proceeds…

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Can you tell how long you’ll live? For seniors, how fit you are may offer a clearer forecast of life span than traditional markers such as high blood pressure, high cholesterol, diabetes and smoking, a new study suggests. It included more than 6,500 people, age 70 and older, who had an exercise stress test between…

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Colon cancer survivors can give their health a boost by eating more navy beans, a new clinical trial finds. Small, white navy beans are full of gut-supporting fibers, amino acids and other nutrients that can help the beneficial bacteria of the gut flourish, researchers said. And colon cancer patients who added a cup of navy…

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