Mindfulness may explain why many older people feel their life has gotten better with age, a new study suggests. Mindfulness is being aware of your experiences and paying attention to the present moment in a purposeful, receptive and non-judgmental way, and it can help reduce stress and promote good mental health, according to the Flinders…

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Reverse mortgages aren’t cheap for seniors and should be avoided particularly for short-term needs, but recent research has identified an effective use of the product concept for those who have investments during volatile periods of market activity. This is according to Liz Weston, a certified financial planner and finance expert at NerdWallet. “Stay-at-home orders may…

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As more American seniors find themselves economically impacted by the COVID-19 coronavirus pandemic, more of them may be looking at new financial options that they may not have considered before in order to make ends meet. One of these new potential options may be a reverse mortgage, and it’s in that spirit that Money.com has…

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As employment options decline and older Americans remain at a heightened risk of developing severe cases of COVID-19 during the global pandemic, a reverse mortgage can be one tool that allows seniors to remain a home, writes U.S. News and World Report in an article published this week. The article outlines several ways for seniors…

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In general, people have a tendency to put aside money for accomplishing different tasks they’d like to achieve in their lives. Maybe there’s a swear jar on the kitchen table to try and dissuade the occasional curse word from slipping out around the kids, or maybe a couple has a specific bank account dedicated to…

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Millions of Americans struggling to make their monthly mortgage payments because of COVID-19 have received relief through the Coronavirus Aid, Relief, and Economic Security Act. But mortgage forbearance is only temporary, and set to expire soon, leaving many homeowners who are still struggling perplexed on what to do next. Enacted in March, the CARES Act…

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The economic toll of the COVID-19 coronavirus pandemic becomes more visible with each passing week, and for those who are looking at avoiding an adverse effect on retirement accounts and savings, a reverse mortgage may provide an option to avoid the economic shocks of the moment. This is according to writers Douglas A. McIntyre and…

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The economic volatility currently being caused by the COVID-19 coronavirus pandemic has made generating retirement income more difficult, which is why “outside the box” solutions should be on the table for American seniors. One such solution is a reverse mortgage, according to Charles Rawl, certified financial planner and principal at Charles W. Rawl and Associates,…

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Virtually anytime you borrow money, there’s a cost for the privilege. That’s no different for mortgage loans, which you rely on during the home buying process. Mortgage rates are generally lower than interest rates from other types of debt ⁠— but lately rates have been astonishnigly low, as the coronavirus pandemic continues to wreak havoc…

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Reverse mortgage applications are up during a time when many senior homeowners are looking for “lifeline” to help lessen sequence of returns risk, writes CNBC in an article published Monday. Further, some advisors are taking a second look at this option for their clients. “With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios…

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