A researcher at the Boston College Center for Retirement Research sizes up the reticence of American seniors to tap their home equity in retirement, and describes why they remain unwilling to do so on a large scale.
While 2022 could see a notable boost in Social Security benefit payments, high inflation and a need for retirement planning could eat into such a benefit, according to a piece at The Motley Fool.
A column at the Motley Fool examines why borrowing against the home may be a better choice in certain instances than conventional borrowing.
Many seniors may be surprised to learn that there are a few less commonly used sources of cash in retirement, which can include the home through the use of a reverse mortgage according to an article at the Motley Fool.
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 […]
If someone is over the age of 50 with less than $100,000 in retirement savings to his or her name, then there are a few key things that person should be doing to make sure that retirement will not be a burden when it comes in the next 10-15 years. These include determining a realistic […]
For seniors across America, considering how to fund retirement if existing assets are insufficient can be an exercise in creative thinking resulting in expanding the canvas of thinking to encompass a broader range of potential options. For many seniors who are also homeowners, thinking of the home as a potential source of retirement funding is […]
Maintaining enough income in retirement is an ongoing issue for many American seniors, and finding effective methods to maintain or bolster senior finances becomes a major concern. One such proven way to boost retirement income is by employing a reverse mortgage, particularly since it requires no monthly payments. This is according to financial columnist Selena […]