Understanding Retirement Challenges: Home Maintenance and Upkeep
They say that home is where the heart is. And with more than 90% of adults over the age of 65 reporting that they wish to remain in their current homes for as long as possible, this sentiment is proving to ring especially true. But what does it really take to successfully maintain your home […]
Understanding Retirement Challenges: Healthcare
What can I expect my healthcare expenses to be in retirement? How much of my care will be covered by Medicare? Will my health insurance rates ever stop increasing? How will I fund advanced or long-term care if required? If you’ve ever asked yourself any of these questions, you’re in good company. While most of […]
Understanding Retirement Challenges: Mortgages
Nobody likes to have debt looming over them. Yet, despite this sentiment, most of us owe money—as mortgage debt alone sits upward of $15.8 trillion1. While debt can accumulate seemingly overnight, paying it off can take decades. As a result, many of us are left facing these debts head-on as we near or enter retirement. […]
Great Rates: Now’s the Time to Think About a Reverse Mortgage
They say there’s no time like the present. And if you’ve been considering a reverse mortgage, this is proving to be especially true. As retirement portfolios have taken a hit due to market losses in the wake of the global COVID-19 pandemic, more and more senior homeowners are looking to tap into their home equity—the […]
Cost-Cutting: Retirement Savings Opportunities You Should Know
Nobody likes to spend more money than they have to – especially when it comes to retirement. With more time on our hands, we have more time for the things we love – our hobbies, passions, entertainment, and even travel. However, its no secret that these things come with a price tag. Fortunately, there are […]
Cost-Cutting: Money-Saving Tips You Need to Know
Nobody likes to spend more money than they have to—especially when it comes to retirement. And while spending was once thought to decrease come retirement years, this simply isn’t the case anymore. As a matter of fact, a recent study found that in the first two years of retirement, 45.9% of households spend more than […]
Maximizing Your Money in Retirement
When it comes to retirement, the top concern among nearly half of all Americans is running out of money1. And these concerns are justified. From rising healthcare costs, to increasing life expectancy rates, and the all-but-certain economic recession looming on the horizon, there are ample reasons to fear your nest egg running out. And with […]
Proactive Planning for Retirement
When it comes to a retirement that is both enjoyable and financially secure, a lot depends on how much you already have saved. A recent study found that about 21% of Americans have no retirement savings at all, while about two-thirds have just less than $5,000* – yikes! Fortunately, this doesn’t have to be the […]
Can A Smart Home Help You Age in Place?
From smart security systems to speakers, sensors, and a multitude of other smart home devices, today’s technology addresses many common aging challenges and is designed to help seniors stay safe and healthy in their homes well into retirement years.
What Does a Reverse Mortgage Mean to Your Inheritance?
From managing your work-home balance, to preparing your children for and enrolling them in college, to even caring for aging parents, your generation has a lot on its plate. It may seem that every time you turn around, you’re faced with more responsibilities—and, consequentially, expenses. And when you factor in today’s volatile market and economy—with […]
Can A Smart Home Help You Age in Place?
With roughly 52 million Americans age 65, or older1, there is no denying that the US population is aging. If you fall into this age group, by now you’ve probably heard of “aging in place”—as more and more seniors are making the conscious decision to live independently in their own homes, for as long as […]
Tapping into Home Equity During a Down Market
While the market is down, there’s a way to help you avoid readjusting your retirement lifestyle. By proactively taking out a reverse mortgage in early retirement years, you’ll have access to an additional funding source that doesn’t depend on the stock market.
Proactive Measures for Aging in Place
While we all want to think we’re safe in the comfort of our own homes, it’s important to take the proper safety measures well in advance to prevent the risk of fall or injury. And the best way to get started is taking inventory room-by-room.
The Aging in Place Checklist
By 2060, the number of Americans ages 65 and older is projected to reach 95 million—nearly doubling the 52 million as reported in 2018. What’s more, these seniors will make up 23% of the total US population1. Attributed to the large generation of Baby Boomers, the current growth of the population ages 65 and older […]
Rightsizing Your Home: A Room by Room Analysis
If you or someone you know is considering staying in your home throughout retirement, it’s important to realize that most homes are not designed to accommodate these needs. Aging in place inevitably requires making some changes around the house. And the best place to begin is room by room. […]
Rightsizing and Remodeling Your Home
“Home sweet home”: the place where you’ve enjoyed time with family, celebrated milestones, created numerous memories—and most recently, reached that long-awaited and well-deserved retirement. And while previous generations of retirees once looked forward to senior living communities and lives of leisure, today’s seniors have different aspirations: 90% report that they want to age in place1, […]
Downsizing vs Rightsizing
As we age, so do our needs in a home. The reality is that our dream homes of 20 or even 30 years ago may not necessarily be functional or best equipped for retirement years. And while downsizing may be the first retirement living choice that comes to mind – it’s not the only option […]
Financial Uncertainty? A Reverse Mortgage Can Help
Blog content updated: March 24, 2022 As the saying goes, “what goes up, must come down.” That’s especially true when it comes to financial markets. The reality is that no matter how much planning you’ve done to prepare yourself for retirement, market volatility will remain inevitable. In your earlier investing years – 20s, 30s, 40s, […]