Posts Tagged ‘social security’
Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues
The reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in senior housing and nursing facilities. However, some issues including the volatility for the Federal Housing Administration and various servicing problems…
Read MoreAtypical Work in Retirement Could Help Seniors Prolong Careers, Increase Retirement Security
For seniors who are not quite ready to stop working once they reach a traditional retirement age, nontraditional work could help them to prolong their careers with more flexible hours and less stress, even though such work typically comes without benefits like healthcare coverage and retirement benefits. This is according to a research brief published…
Read MoreForbes: A Reverse Mortgage Can Help Pay for a Roth IRA Conversion
While likely only to work for wealthier individual retirement account (IRA) owners, using a source of nontaxable cash to fund an IRA conversion could be a viable choice for some retirees considering the currently low rate environment, and assistance handed down by the government to minimize the economic impact of the COVID-19 coronavirus pandemic. One…
Read MoreKiplinger: Why Retirees Should Consider Using a Reverse Mortgage for Cash Flow
Retiring without having to make regular mortgage payments is a big dream for many retirees, but is becoming increasingly unattainable for many Americans looking to transition out of work. This is one of the core reasons why home equity broadly – and reverse mortgages specifically – could be a viable option for a senior looking…
Read MoreAP: Reverse Mortgage an Option for Seniors Suddenly in Retirement
An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in retirement, it’s important to find options which can assist with cash flow, and in some cases this can include a…
Read MoreReverse Mortgage an Option for Seniors Suddenly in Retirement
An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in retirement, it’s important to find options which can assist with cash flow, and in some cases this can include a…
Read MoreU.S. News: Things to Consider Before Getting a Reverse Mortgage
Reverse mortgages can serve as a potential path for older Americans to gain access to additional cash in retirement, but there are several considerations a retiree should make before applying that are both pros and cons. This is according to a new column published this week in U.S. News & World Report. A primary advantage…
Read More7 Ways to Earn Supplemental Income During Retirement
While some people have enough money in their retirement savings to allow them to live very comfortably in their golden years, many seniors find themselves in a position where they could use a little extra income. If you’re looking for supplemental income in your retirement, we have seven ways to pad your wallet. If you…
Read MoreCNBC: Reverse Mortgages Can Help Seniors Retire Where They Want
Making the decision about where and how to spend retirement can be difficult for many American seniors, often dictated by the amount of resources a retiree has access to. One of these decisions can involve either moving — into a new home or an assisted living facility at the appropriate time — or choosing to…
Read MoreMortgage Professor: How to Use a Reverse Mortgage to Avoid Poverty
For someone who has used existing assets to pay off an existing mortgage on their home, the use of a reverse mortgage line of credit would be an effective way to prepare for a person’s older years and to avoid premature exhaustion of assets, which can lead to poverty. This is according to Jack Guttentag,…
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