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.
CNBC
The longstanding “4% rule” governing retirement account withdrawals may be outdated, according to a new report by Morningstar as cited by CNBC.
The long-term care (LTC) needs of American retirees can vary wildly, and the cost has only accentuated the need to adequately finance either direct care or LTC insurance.
New research conducted by Dr. Wade Pfau suggests additional uses for reverse mortgages that the wider senior population may not be aware of, according to an article published by CNBC.
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 […]
Reverse mortgages can present a good opportunity for someone at or near retirement, but the product category comes with some pitfalls that potential borrowers should keep in mind before they think of engaging in a reverse mortgage transaction. This is according to financial columnist Liz Weston in a new article at CNBC. “If you’re thinking […]
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 […]
In light of the COVID-19 pandemic’s tightening, continued grip on the United States, some of the nation’s most prominent mainstream news outlets have turned their attention to the reverse mortgage product concept as Americans continue to seek financial relief after enduring the economic shock that the pandemic has caused. Because of the newfound financial stress […]
A reverse mortgage loan may be a tempting prospect for a homeowner over the age of 62, particularly if they’re looking for new and novel ways to make ends meet in retirement. It may be a loan worth exploring, as long as the potential disadvantages of the product category are understood before engaging into one […]
Reverse mortgage applications are up during a time when many senior homeowners are looking for “lifeline” to help lessen sequence of returns risk, writes CNBC in an article published Monday. Further, some advisors are taking a second look at this option for their clients. “With coronavirus shutdowns wreaking havoc on the global economy, investment portfolios […]
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