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 More

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 More

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 More

If you hate creepy-crawlies, an exterminator can sound like your saving grace. However, these pest control professionals are not miracle workers. Even though they’ll show up to assess your situation, spray, or set traps, you also need to do your part to prevent an infestation. But did you know that some of your bug-busting methods…

Read More

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

Parents with adult children are often closely linked in terms of finances, and the depth of those connections can sometimes threaten the retirement plans of the parents. This is according to new research released by home co-investing company Unison, announced on Thursday. According to the results of a survey conducted in August 2019, 92% of…

Read More

As many American baby boomers are poised to move out of their homes by the mid-to-late 2020’s, some observers are asking what kind of effect a mass migration of older Americans will have on the housing market and in some local economies. This is according to a story published in the Wall Street Journal (WSJ).…

Read More

Playing cards and board games like chess, bingo and Scrabble might be the mental workout you need to keep your wits as you age, Scottish researchers suggest. People in their 70s who regularly play board games score higher on tests of memory and thinking skills than those who don’t. And 70-somethings who step up their…

Read More

Potential borrowers of reverse mortgages, whether they are Home Equity Conversion Mortgages (HECMs) or a proprietary, non-government product, should be aware of key features before engaging in a loan. These include borrower obligations related to taxes and homeowners insurance, as well as the ways in which reverse mortgage products have undergone significant changes in recent…

Read More