Constituting a near-record high, 57 percent of non-retired Americans expect their retirements to be comfortable after having saved enough money to adequately support expenses and lifestyle choices, according to a poll conducted by Gallup in April of this year. This is the highest recorded figure for this expectation from the longstanding polling organization since 2004.…

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A mortgage finance expert describes how reverse mortgages can potentially act as a “lifesaver” for some seniors in specific financial situations, along with offering advice related to home equity levels and optimal financial planning strategies related to taking a reverse mortgage out. This is according to a new piece running down mortgage tips for seniors…

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Meals on Wheels might do more than deliver hot food to isolated seniors: New research suggests it can serve as an early warning system for declining health. The study included Meals on Wheels drivers in Guernsey County in Ohio and San Diego County, who were trained to use a mobile app to alert care coordinators…

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Although they can often be a tough sell, reverse mortgages can likely help financial clients who find themselves running out of money in retirement. This is according to an article appearing in Financial Advisor by writer Dan Jamieson. Home equity can be tapped for a number of reasons, including to pay off existing mortgages, mitigate…

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The seniors most likely to need paid home care to maintain independent living are the least likely to be able to afford it long-term, a new study reports. Only two out of five older adults with significant disabilities have the assets on hand to pay for at least a couple of years of extensive in-home…

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Refinancing an existing reverse mortgage into a new and potentially better one could be an option that works for some senior homeowners, but it’s not a universally good solution for everyone. This is according to a new article at U.S. News & World Report by personal finance and business contributor Rebecca Lake. Not only would…

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Rising health care costs combined with a lack of sufficient retirement savings and benefit payments has caused a higher rate of seniors to forego their retirements and continue working, making the idea of leaving work behind more stressful than sought after. This is according to a study conducted and released by money management firm United…

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With a generally stronger economy in the United States and a high level of performance in the stock market, confidence in the ability for workers and retirees to fund their post-work lives has increased to all-time highs. This is according to the 2019 Retirement Confidence Survey Summary Report, conducted and released by the Employee Benefit…

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Retirement isn’t always the end of our working lives. Many Americans return to work after retirement due to the need for extra income for unexpected expenses, lack of savings, or because of a desire to stay busy. A full 19 percent of people work at least part-time after retirement according to a U.S. jobs report,…

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By 2029, over half of the United States’ projected 14.4 million middle-income seniors (aged 75 and older) will not have sufficient financial resources to pay for specialized housing and health care needs. This is according to a study released by Health Affairs, and authored by researchers at the University of Chicago, the University of Maryland…

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