Long-term Care Insurance Grows More Difficult for Seniors to Fund

Options for long-term care (LTC) insurance are diminishing in the marketplace, but a new industry-specific price index has revealed a substantial spread in costs for plans with similar coverage when compared with prior years. According to a new report released by the American Association for Long-Term Care Insurance (AALTCI), a couple in the mid-50s age […]

Financial Planners Warm to Reverse Mortgages, Though There’s Still Work to Do

Although there are still issues in the general reputation of reverse mortgage product offerings, more financial advisors and planners have shown signs of warming up to the product and how it could help their clients to fund retirement. This is according to a story found in Financial Advisor (FA). Still, even with progress having been […]

How the ‘Gig Economy’ Affects Modern Retirement Planning

As the modern economy continues to become centered on advancements and changes in on-demand technology and services, the transition into retirement will likely change with it. This is one of the thoughts driving an opinion piece at Financial Planning written by Archer Investment Management partner and investment advisor Nina O’Neal. In her piece titled “How […]

Retirees Increasingly Prone to Late-Life Financial Difficulties

Retirees are prone to disruptive late-life financial risks as life expectancy grows, including widowhood, financial mistakes attributed to a decline in cognitive abilities and high out-of-pocket healthcare expenses. This, according to a new brief released by the Center for Retirement Research (CRR) at Boston College. While currently-available research literature indicates that these kinds of financial […]

Senior Home Equity Hits $6.9 Trillion, Signifies Biggest Chunk of Wealth

Senior home equity is continuing its upward march, with housing wealth reaching $6.9 trillion in the second quarter of 2018. Equity for homeowners 62 and older grew $130 billion over the first quarter of 2018, according to the most recent figure from the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index. Reaching a new […]

Home Equity Grows by Nearly $1 Trillion in Past Year

Home equity is still on the rise, with homeowners gaining an average of $16,200 apiece in the second quarter, the latest data shows. CoreLogic’s Home Equity Insights for Q2 2018 shows an equity jump of 12.3% — about $980.9 billion — on all mortgaged residences since the same period last year. Equity grew in nearly […]

Almost 30% of U.S. Households Have Just $1K Saved

Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from […]

Available Home Equity Grows $256 Billion in Second Quarter

The amount of equity available to American homeowners with mortgages grew $256 billion in the second quarter of 2018 to break the $6 trillion mark, according to a Monday data release from analytics firm Black Knight. That brings the total tappable equity gain for 2018 to $636 billion, according to the Jacksonville, Fla.-based company — […]

AARP: 76% of Older Adults Want to Age in Place

The desire to remain at home during retirement continues to be extremely important to people as they age, according to a new report from AARP. The data, released last week as part of the senior advocacy group’s 2018 Home and Community Preferences  survey, shows that almost 80% of adults age 50 and older want to remain […]