While smart home technology has a lot of potential to assist seniors with aging in place, some seniors are becoming increasingly apprehensive due to the impact they feel surveillance technology can have on their independence.
Category: Retirement
A new study from Seniorly and cited by CNBC reveals the most expensive states across the country for assisted living facilities, which may offer perspective for those deciding between such facilities and aging in place options.
In a hearing, an economic policy expert with the Bipartisan Policy Center told U.S. Senators that reverse mortgages could be a “potentially useful tool” for retirees looking to convert illiquid housing wealth into cash.
The longstanding “4% rule” governing retirement account withdrawals may be outdated, according to a new report by Morningstar as cited by CNBC.
AARP has compiled a list of services and home modifications that could be of benefit to anyone seeking to help a senior age in place, and that could include reverse mortgage professionals consulting with borrowers or family members.
Yahoo Finance takes a closer look at aging in place, and has a broad definition of the concept that some reverse mortgage professionals may not agree with.
A column at ThinkAdvisor says that any holistic retirement planning which does not include reverse mortgages in the conversation might not be so “holistic.”
With Social Security benefits set to rise to their highest levels since the early 1980s, concern has developed due to the adjustments being tied to inflation.
Financial planners and retirees are accelerating a search for stable cash flow that does not come from the sometimes-volatile investment side, including reverse mortgages.
A new column explains that for those seeking to bolster their financial security in retirement, home equity options – and among them, reverse mortgages – should likely be considered.
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