The approaches for seniors who carry mortgage debt into retirement may be determined by the nature of the debt itself, as well as whether or not that type of debt will impact their retirement financing goals. This is according to a column at CNBC, examining the best practices for paying off debt ahead of a […]
The ongoing impact of the COVID-19 coronavirus pandemic is causing many Americans to re-evaluate how they wish to spend their retirement years, with more saying that they wish to spend those years at home. That popularization of aging in place will spur a “wave” of innovation from businesses as the need for more home-based retirement […]
Retiring without having to make regular mortgage payments is a big dream for many retirees, but is becoming increasingly unattainable for many Americans looking to transition out of work. This is one of the core reasons why home equity broadly – and reverse mortgages specifically – could be a viable option for a senior looking […]
The low interest rate environment currently being observed in the mortgage world can be difficult for retirees to navigate, due to the likelihood of their reliance on sources of fixed income. A reverse mortgage tailored to the specific needs of homeowner retirees may be able to help seniors in this situation, so long as the […]
An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in retirement, it’s important to find options which can assist with cash flow, and in some cases this can include a […]
Among the four primary ways a retiree can use their home’s equity to create additional cash flow in their post-working years, a reverse mortgage is one such potentially viable option based on the specific situation of the senior making the choice. This is according to an article published at U.S. News & World Report. A […]
Making the decision about where and how to spend retirement can be difficult for many American seniors, often dictated by the amount of resources a retiree has access to. One of these decisions can involve either moving — into a new home or an assisted living facility at the appropriate time — or choosing to […]
With the impact of the COVID-19 coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, which makes for an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for retirees to […]
A reverse mortgage is one possible option for a person aged 62 or older who has experienced a job loss as a result of the COVID-19 coronavirus pandemic, but the viability of the option is highly dependent on the individual situation of the senior in question. This is according to Liz Weston, a certified financial […]
As the United States continues to endure a retirement crisis that has only been exacerbated by the COVID-19 coronavirus pandemic, the home is an asset with continuously understated potential to assist with cash flow for retirees. This is especially true considering that the home is likely to be the largest asset that the majority of […]
