Prior to some new rules being implemented in 2009 and 2014 and an overhaul of the government’s insurance program in 2013, reverse mortgages were considered to be a last resort for cash-strapped senior
How to Become a Snowbird
Retirement is all about living a life that you want for yourself without a career getting in the way. Now that you’re retired—or coming up to retirement—it’s time to think about all the things that yo
Six Frequently Asked Questions About Reverse Mortgages
Unlike a traditional home equity loan or home equity line of credit, a reverse mortgage doesn’t have to be repaid until the last surviving borrower no longer lives in the home, or the home is sold. If
Seniors and Poverty
According to a study by the Economic Policy Institute, almost half of American seniors are in financially unstable situations. This doesn’t mean they are living in poverty, but it means they are only
Costs of Falls Among Older Adults
In 2013, the direct medical costs of older adult falls, adjusted for inflation, were $34 billion. With the population aging, both the number of falls and the costs to treat fall injuries are likely to
Find The Right Expert To Help You Manage Your Money
What’s in a name? When choosing a brand of paper towels or laundry detergent, one name may be as good as another. When it comes to selecting a financial advisor, however, consumers should know there a
How Can You Insure Your Future?
Long ago, people realized that there is strength in numbers. For hundreds of years, we have been joining forces against all kinds of calamities — including financial troubles.
The concept of insurance
Preparing Financially for the Golden Years
There are many things to consider when you begin to approach your golden years. Have you spent your preparing for how you’ll pay for your lifestyle after you retire? There are many ways to pay for it,
Retirement Plan Distributions
When it comes to receiving the fruits of your labor — the money accumulated in your employer-sponsored retirement plan — you are faced with a few broad options. Should you take the payout as systemati
Save Now or Save Later?
Most people have good intentions about saving for retirement. But few know when they should start and how much they should save.
Sometimes it might seem that the expenses of today make it too difficul