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 […]

Survey Finds Reverse Mortgage Appeal Higher Among Those Under 50

Around 15% of Americans say they would consider a reverse mortgage once eligible, according to a new survey released Thursday, with responses varying widely depending on age. Among respondents — investors between the ages of 35 and 64 who were polled by Kiplinger and digital wealth management company Personal Capital — 31% of those under […]

Report: Race, Ethnicity Have Bearing on Retirement Security

The earnings and wealth disparities between whites and minorities in the United States is highly pronounced, and proceeds through to general retirement preparedness, according to a new research brief released by the Center for Retirement Research at Boston College. Authored by three in-house researchers at Boston College, the report details 2016 statistics which show that […]

Aging in Place Top Preference, Community Care Gaining in Appeal

Six in 10 seniors among a random sample of National Health and Aging Trends Study participants far and away prefer to age in place at their own homes either with family or paid assistance, but three in 10 of those surveyed stated a preference to receive care in an assisted living or continuing care retirement […]

CFPB: Low Housing Payments Signal Better Senior Financial Well-Being

Older American homeowners have a greater degree of financial well-being than those who do not own a home, while lower housing costs are also correlated to more positive financial well-being. This is according to a survey titled “Financial Well-being of Older Americans,” released by the Consumer Financial Protection Bureau (CFPB) Office of Financial Protection for […]

Study Reveals New Retirees Are Better Prepared Than Previously Thought

The calculation of households prepared to transition into retirement has been operating off of a flawed estimate of retirement income in United States Census Bureau data, with numbers actually showing that more are prepared for the transition out of work than originally believed. This is one of the primary conclusions underlying a new brief released […]

WaPo: Qualifying for a Mortgage Difficult in Retirement

Even for seniors with impeccable credit scores and plenty stored in assets, purchasing or refinancing a home in retirement without regular employment income can be a challenge, a recent column in the Washington Post says. In his column “Even retirees with sizable assets can find qualifying for a mortgage challenging,” Kenneth Harney writes that retired […]

Waterfall Asset Management Issues $571.8 Million in Active Jumbo Reverse Mortgage Bonds

The first offering of its kind since the financial crisis, Waterfall Asset Management is offering $571.8 million in performing jumbo reverse mortgage-backed bonds, according to Kroll Bond Rating Agency. The Cascade Funding Mortgage Trust 2018-RM2 securitization is backed by 915 active non-FHA reverse mortgages loans that were taken out between 2002 and 2008 and have […]

Social Media Crucial to Online Reverse Mortgage Marketing

For anyone planning on being in the reverse mortgage industry for at least the next five years, marketing experts say the value of social media — especially Facebook – cannot be overlooked, as millions of seniors flock to the platform for pertinent information. But approaching social media as a starting point for lead generation requires […]