New stimulus payments will be welcome for American seniors, but may not go far enough to be more than a ‘drop in the bucket,’ according to a MarketWatch column.
For seniors seeking options after prioritizing mortgage payments over retirement savings, finance columnist Liz Weston offers some ideas including a reverse mortgage.
In a piece at Morningstar, a finance columnist describes how financial instruments, including a reverse mortgage, can help a retiree keep their home.
Many long-standing issues continue to play a major role in the readiness of American seniors to put their career behind them and welcome a stable and secure retirement, but recently the situation has been exacerbated by global events. Issues including COVID-19, a volatile stock market, increasing debt burdens and less prevalence of pensions will be […]
A key determining factor of someone’s ability to build wealth in America is homeownership, and as retirement faces a mounting series of challenges, that ability to build wealth can factor crucially to an older individual’s retirement plans. Employing the housing asset can be an important piece of building wealth even more for people of color, […]
One of the strongest arguments that anyone can make about the potential assistance a reverse mortgage loan can provide to a senior is in discussing how the loan proceeds can be used to help that older person age in place. Remaining in the home has taken on an increased level of importance recently due to […]
While Americans have a multitude of potential options and avenues they can use to fund their life after completing a career, many Americans — including current seniors — often find themselves unprepared for retirement. This is why it may be necessary to seek out less traditional sources of retirement funding, and one such potential source […]
One often overlooked tactic that seniors can employ when seeking to pay down outstanding debt in retirement is the strategic use of a reverse mortgage loan, one of several options that an older American can use when examining their finances during their post-working years. This is according to contributor Bob Sullivan and editor John Schmidt […]
Based on the recent release of the Federal Reserve’s 2019 Survey of Consumer Finances (SCF), as much as half of today’s current American households are at serious risk of not having enough resources in retirement. Some of these risks can be mitigated with financial products including reverse mortgages, but more action is needed to fix […]
There was an increase of withdrawals made by workers from their retirement accounts in the closing months of 2020 presumably to meet the additional economic challenges presented by the COVID-19 coronavirus pandemic, but those withdrawals were more modest than originally expected. This is according to original reporting at the Wall Street Journal. Last March, the […]