Posts Tagged ‘Seniors’
The Rise of the 55+ Single Women Home Buyer
Single women over 55 continue to be a growing segment of the homebuyer population, according to research presented in a recent Wall Street Journal article. Citing research form Ralph McLaughlin, the founder and chief economist at Veritas Urbis Economics in Alameda, Calif., the article states that since 1981 this female population has been the fastest…
Read More5 Ways to Push Yourself to Stay Fit
Continually progressing keeps exercise interesting and further increases your fitness level. Here are five fun ideas to keep challenging yourself. Identify an area of weakness, like a muscle group you want to tone or a fitness skill you’d like to have. You might assess your level of each of the key components of fitness —…
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 MoreHere are The Best Places to Retire in 2018
Anyone planning to spend their golden years near Mount Rushmore is in luck as South Dakota was ranked the best state to retire, according to a new report by Bankrate.com. Based on seven categories, South Dakota took the lead followed by Utah, Idaho, New Hampshire and Florida. Categories examined were: cost of living (weighted at…
Read MoreSeniors, Feeling Young Is a State of Mind
For seniors who feel years younger than they really are, a new study suggests it might not be their imagination. “We found that people who feel younger have the structural characteristics of a younger brain,” explained lead author Jeanyung Chey. She is a professor in the department of psychology & program for brain sciences at…
Read MoreProprietary Reverse Mortgages Open Doors for New, Existing Borrowers
As the industry eagerly awaits the introduction of new proprietary reverse mortgages, jumbo loan originators credit these products with helping borrowers in a variety of situations—some more predictable than others. For a jumbo borrower, the needs are often very similar to those of a Home Equity Conversion Mortgage borrower, said Christina Harmes, a certified reverse…
Read MoreCost Keeps Many Americans From Getting Hearing Aids
A hearing aid can set you back as much as $7,000, and that’s the main reason more Americans don’t use one, a new study finds. The report also suggests that many people are too embarrassed to wear one. No matter the reason, it’s troubling, one study author said, because poor hearing can hurt people in…
Read MoreUSA Today Lists Reverse Mortgages as a Key Nest Egg Booster
USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as a potential solution for long-term savings shortfalls. “Having a…
Read MoreExercise an Antidote for Aging
If you want to counter the physical costs of getting old, regular exercise might be your best option, researchers report. The findings “debunk the assumption that aging automatically makes us more frail,” said researcher Janet Lord. She is director of the Institute of Inflammation and Ageing at the University of Birmingham in England. In the…
Read MoreOne in Three U.S. Households Will be 65+ By 2035
The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report from Harvard University adds a new twist to measuring the coming wave of American seniors: In 2035, households with members aged 65 and older will account for a…
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