The preference for baby boomers to age in place has been blamed in part for lower homeownership rates among millennials, who have been forced to compete for a smaller slice of available properties on the market. But now experts warn that even just a slight change in older homeowners’ attitudes could lead to a mass […]

Anyone planning to spend their golden years near Mount Rushmore is in luck as South Dakota was ranked the best state to retire, according to a new report by Bankrate.com. Based on seven categories, South Dakota took the lead followed by Utah, Idaho, New Hampshire and Florida. Categories examined were: cost of living (weighted at […]

Fewer than a quarter of high-net-worth individuals have a firm plan for long-term care, but nearly all of them suggested a preference to age in place independently, a poll from Key Private Bank revealed last month. Key Private Bank, the wealth management arm of bank-based financial services company KeyCorp, surveyed more than 150 of its […]

USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as a potential solution for long-term savings shortfalls.

For the last several years, the reverse mortgage industry has worked hard to build connections with financial advisors and educate them about the important role housing wealth can play in retirement income planning.  But many reverse professionals say they often hit a roadblock because some broker-dealers prevent their advisors from discussing reverse mortgages with clients. […]

When asked for their most common financial regret, Americans yet again pointed to a lack of retirement savings as the top pick. For the third consecutive year, “not saving for retirement early enough” led consumer financial firm Bankrate’s list of money regrets, with 18% of respondents selecting that option as their number-one choice. Not saving […]

The grim outlook for many Americans approaching retirement age has some new stark statistics: One-third of respondents in a recent survey said they’d saved less than $5,000 for retirement. Among baby boomers, one third said they had $25,000 or less in retirement cash available, according to a new data release from life insurance provider Northwestern […]