The Villages, a planned community located in Central Florida made up entirely of seniors, was the fastest-growing metropolitan area over the past 10 years in the United States according to recent Census Bureau data.
A new study published in JAMA reveals that health care costs have become America’s largest source of debt, based on data from the period immediately preceding the COVID-19 coronavirus pandemic.
An article in the New York Times details how American seniors, nonprofit organizations and even retailers are taking further action to facilitate the safe aging in place of the older population.
Debt in retirement can be a crippling thing for seniors in America to overcome, and for many who feel like they are without many options to try and address that, home equity could naturally come into play as a potential solution. But not all instruments that allow the tapping of home equity are created equal, and a reverse mortgage could be the best such option.
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 […]
Individuals that are at higher risk from becoming seriously ill from COVID-19, the illness that results from the coronavirus, include those who have vulnerable immune systems or other underlying health conditions. This includes the primary demographic that the reverse mortgage industry serves, senior citizens, according to guidance from the Centers for Disease Control and Prevention […]
These days, it’s not very common for the topic of reverse mortgages to appear as the center of a news story in your local newspaper, and even newspapers themselves are not as prominent as they used to be. Back when tapping into your home’s equity by using one of these products was a new concept, […]
Seniors do have the ability to extract home equity out of a co-op, though there could be limits on the manner in which they may go about it, as well as the amount of equity that can be extracted. This is according to a column at the New York Times, featuring the perspective of a […]
A turbulent stock market is already stressful for investors, but that stress can easily increase for older investors that are on the cusp of retirement. This is according to an article in the New York Times, written by personal finance reporter Tara Siegel Bernard with contributions by Dr. Wade Pfau of the Funding Longevity Task […]