Posts Tagged ‘reverse mortgage’
Don’t Get Burned Grilling, and Other Hot Weather Tips
It’s always a good idea to use caution when having some summer fun — and that includes preventing burns from barbecues and other heat sources. An expert from UT Southwestern Medical Center offers tips for avoiding heat-related pitfalls, including grilling and metal playground equipment during extreme outdoor temperatures. “Concrete, metal and even plastic surfaces sitting…
Read MoreAlmost 30% of U.S. Households Have Just $1K Saved
Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from…
Read More21% of Boomers Lack Savings for One Month’s Expenses
Yet another poll reveals that all generations feel unprepared when it comes to retirement savings — with 21% of baby boomers lacking adequate savings to cover one month of basic expenses, according to AARP. Co-commissioned with the Association of Young Americans, the “Three Generations Survey” asked baby boomers,Generation Xers, and millennials, a variety of retirement…
Read MoreFive Year Retirement Plan Should Consider Reverse Mortgage
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…
Read MoreBeing Isolated May Shrink the Aging Brain
Older adults who regularly spend time with family and friends may have bigger brains to show for it, a new study suggests. Healthy brain aging is a complex matter, and researchers are still trying to understand which factors keep the mind sharp and which ones feed declines in memory and thinking. But a number of…
Read MoreMenopause & Your Diet: Foods to Choose and Avoid
Menopause, a natural stage in a woman’s life, brings a host of changes and challenges. One aspect that is crucial to consider is nutrition. Eating the right foods and avoiding others can help you navigate this change with vitality and optimal health. This article will discuss the key foods to eat and those to avoid…
Read MoreNearly One-Fifth of Seniors Don’t Know What a Reverse Mortgage Is
Just under 20% of seniors who responded to a recent survey were unaware of reverse mortgages — despite showing an overwhelming desire to stay in their homes and potentially make renovations into old age. Among homeowners aged 60 to 70, 44% said they would keep a mortgage through retirement, according to a study on retirement…
Read MorePeople want to retire early, but aren’t saving enough to do it: survey
Shortfalls in retirement funding are a common source of discussion for people currently at or nearing their exits from the workforce, but new data suggests that those with a longer career runway in front of them are developing potentially unrealistic expectations about what their own retirements will look like. As life expectancy increases, the World…
Read MoreSmoking Linked to Frailty in Seniors
Seniors who smoke may be more likely to become frail, a new British study suggests. Researchers tracked more than 2,500 people 60 and older in England and found that current smoking boosted that risk by about 60 percent. The scientists determined that the participants were frail if they had at least three of five conditions:…
Read More9 Reasons To Consider A Reverse Mortgage
Increasing numbers of homeowners around the US are using Reverse Mortgage Loans to boost their income in retirement. With a Reverse Mortgage you could take advantage of your property value now, without having to move or downsize. If you are over 62, this is why you should consider a Reverse Mortgage. 1) A Home Equity…
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