Posts Tagged ‘Seniors’
Inside the Reasons Why Seniors Choose the HECM for Purchase
Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move to the city or relocate to the country, but most…
Read MoreWant to Live Longer? Eating a Little Less Might Do the Trick
Putting just a bit less on your dinner plate each day might be key to a longer life, preliminary research suggests. People who reduced their caloric intake by just 15 percent over two years experienced a significant decrease in their metabolism, according to a small clinical trial. These folks also saw improvements in biomarkers associated…
Read MoreReverse Mortgages Help Curb Retirement Risk for Divorced Women
Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular. Households in which at least one party had previously…
Read MoreWhy Today’s Seniors Are Primed to Tap Home Equity for Retirement
Rising household wealth held by older adults in recent years have put today’s seniors in a better position to tap home equity for retirement purposes. But increasing housing debt among this population could hinder their ability to use home equity to improve retirement security in the future, according to new research from the Urban Institute.…
Read MoreHow Much Exercise Helps the Aging Brain?
It’s well-known that exercise benefits the brain as well as the heart and muscles, but new research pinpoints just how much — and what types — of exercise may promote thinking skills as you age. Reviewing data from dozens of studies on older adults, scientists found that those who exercised an average of at least…
Read More69% of Seniors Say Social Security ‘Critical’ to Retirement Plans
More than two-thirds of seniors say that Social Security benefits are critical to their retirement planning according to a new survey, while a plurality said their biggest financial regret from their younger days was not saving enough. The April survey was conducted by LendEDU, an online student loan refinancing marketplace, which sought the opinions of…
Read MoreLess than 40% of Americans on the Right Retirement Track
Less than 40% of Americans say their retirement plans are on track, and non-retirees report widespread confusion about some common financial tools and concepts, according to a new report from the Federal Reserve. Three-fifths of working people with 401(k)s, IRAs, and traditional savings accounts reported “little or no comfort” with managing them, the Fed found…
Read MoreDepression May Dampen Memory
Depression may do more than darken your mood, with new research suggesting it might also sap your memory. “Since symptoms of depression can be treated, it may be possible that treatment may also reduce thinking and memory problems,” said study author Adina Zeki Al Hazzouri, from the University of Miami’s Miller School of Medicine. The…
Read MoreLifelong Exercise Can Guard Heart Health
Exercising may keep you young at heart. Researchers found that people who make regular exercise a lifelong habit appear to slow the aging of their heart and blood vessels. The finding stems from a comparison of exercise histories and heart health among 102 people over age 60. Those who had exercised two to three times…
Read MorePutting it in reverse, advisors warm to reverse mortgages
It’s no secret that Americans are largely unprepared for retirement. But according to some financial advisors, they could be improving their financial standing significantly by factoring in home equity into a comprehensive retirement income plan. Reverse mortgages give seniors who are at least 62 years old a way to convert their home equity into cash.…
Read More
