MarketWatch: Pick a Reverse Mortgage Instead of Care Insurance
Reverse mortgage professionals know that partnerships with financial planners could hold the key to endorsement growth, and a national business publication found an advisor who recommends Home Equity Conversion Mortgages over long-term care insurance. MarketWatch this week featured George Gagliardi, a financial planner from Lexington, Mass., who’s “growing increasingly fond” of the reverse mortgage option…
Read MoreStay Safe as Summer Temps Soar
As the first major heat wave of the season has much of the eastern United States sizzling, people need to take steps to prevent heat-related illnesses, an emergency doctor says. Hot temperatures and high humidity are likely from the shores of New England through the Great Plains. Temperatures could reach into the 90s for days,…
Read MorePersistent Pain May Lead to Memory Troubles
Pain that continues, day in and day out, may trigger an unexpected and unwanted side effect — a bigger risk of mental decline and dementia, a new study suggests. The findings suggest that chronic pain may be related to changes in the brain that contribute to memory problems. The findings may also point to new…
Read MoreReverse Mortgages Could Hold Key to Secure Retirement
Joining the chorus of popular media outlets that have covered home equity’s role in retirement, USA Today ran a lengthy piece this week about ways homeowners can tap into their wealth — including with a Home Equity Conversion Mortgage. Quoting experts such as reverse mortgage researcher Wade Pfau and wealth advisor Randy Bruns, the national…
Read MoreWarming Climate, More Sleepless Nights?
The rising nighttime temperatures that come with climate change could mean poorer sleep for millions, a new study suggests. Americans’ reported nights of insufficient sleep more than double as nighttime temperatures rise during summer months, an analysis of federal health data and weather records concludes. And people will have even more trouble getting rest in…
Read MoreThis Combo Workout May Suit Obese Seniors Best
Older, obese adults need to shed weight, but dieting can worsen their frailty. A new study addresses this conundrum, suggesting seniors take up both aerobic and resistance exercise while slimming down. Engaging in aerobic and resistance exercise while losing weight enabled study participants to maintain more muscle mass and bone density compared to folks who…
Read MoreReverse Mortgages: An Important Retirement Income Tool
If, after considering other housing options, you have decided to remain in an eligible home or to move into a new eligible home, you may want to consider a Home Equity Conversion Mortgage (HECM—commonly pronounced “heck-um”)—more commonly known as a “reverse mortgage”—as a source of retirement spending. The vast majority of reverse mortgages in the…
Read MoreMost Seniors Use Cellphones While Behind the Wheel
When you think of cellphones and driving, you probably picture a chatty teen behind the wheel. But new research suggests that seniors are often guilty of this dangerous practice, too. And that’s true even if they have children in the car, a new survey found. “Of those senior drivers who have a cellphone, 60 percent…
Read MoreScientists Uncover Root of Graying, Thinning Hair
Changes in your hair — whether it’s graying hair or hair loss — are a bane of aging. But if new research in mice pans out in humans, you could one day cross worries about your mane off your list of concerns about getting older. That’s because researchers accidently pinpointed skin cells linked to gray…
Read MoreSleeping Pills Boost Danger of Falls, Fractures in Older Users
Falls and resulting hip fractures can prove disabling and even fatal for seniors. And new research suggests the risk of hip fractures rises soon after an older person is prescribed a sleeping pill. Specifically, older people are at greater risk for hip fractures for two weeks after they start taking prescription sleeping pills. Those pills…
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