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…

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…

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…

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…

When seniors need to free up cash, they often look to their retirement plans. Many don’t even consider tapping into the value of their homes – a feat easily achieved through the use of a reverse mortgage. A reverse mortgage is a loan that allows homeowners aged 62 and older to convert part of the…

Exercise can reduce the risk of heart damage in middle-aged adults and seniors — even in those who are obese, according to a new study. “The protective association of physical activity against [heart] damage may have implications for heart failure risk reduction, particularly among the high-risk group of individuals with excess weight,” study lead author…

Older people are at higher risk for fall-related injuries because bone density and muscle mass diminish over time. But regular exercise can help keep them on their feet, research suggests. More than 800 Americans break a hip each day, usually because of a fall, said Dr. Christopher Sciamanna, an internist at Penn State Hershey Medical…

CNBC included reverse mortgages in a list of “innovative approaches” to protecting retirees’ portfolios in down times, citing a financial advisor who said he and his colleagues would be “remiss” if they didn’t suggest Home Equity Conversion Mortgages as a potential option. Rob O’Dell, a certified financial planner in the Naples, Fla. office of the…

As the American population ages, experts have increasingly pointed to home equity as a key source of retirement income — even as many older homeowners remain hesitant to tap into it for reasons that continue to confound both academics and players in the mortgage industry. Steven Sass, a research economist at Boston College’s Center for…

Most people see their sleep habits shift as they age, but a new review suggests that some seniors lose the ability to get deep, restorative rest. And that can come with health consequences, said review author Bryce Mander, a sleep researcher at the University of California, Berkeley. Sleep “fragmentation” has been linked to a number…