Posts Tagged ‘aging’
7 Ways to Earn Supplemental Income During Retirement
While some people have enough money in their retirement savings to allow them to live very comfortably in their golden years, many seniors find themselves in a position where they could use a little extra income. If you’re looking for supplemental income in your retirement, we have seven ways to pad your wallet. If you…
Read MoreSleep Better Tonight
Choosing the right mattress Remember squirming on those hard schoolroom chairs, waiting for the bell to ring? You were restless for a reason: That hard wooden chair put a lot of pressure on your behind. A mattress that’s too firm can have the same effect: Lying on the stiff surface puts pressure on your shoulders…
Read MoreCNBC: Reverse Mortgages Can Help Seniors Retire Where They Want
Making the decision about where and how to spend retirement can be difficult for many American seniors, often dictated by the amount of resources a retiree has access to. One of these decisions can involve either moving — into a new home or an assisted living facility at the appropriate time — or choosing to…
Read MoreMortgage Professor: How to Use a Reverse Mortgage to Avoid Poverty
For someone who has used existing assets to pay off an existing mortgage on their home, the use of a reverse mortgage line of credit would be an effective way to prepare for a person’s older years and to avoid premature exhaustion of assets, which can lead to poverty. This is according to Jack Guttentag,…
Read MoreParents, Don’t Worry if Baby’s Sleep Is Erratic
New parents can relax: Research suggests it’s normal for infants’ sleep patterns to vary widely. “Although previous research has shown that infants start sleeping through the night at different stages of development, little is known about individual sleep patterns night after night,” explained study leader Marie-Helene Pennestri. She’s an assistant professor in the department of…
Read MoreNew York Times: In Family Retirement Planning, Reverse Mortgages Could Present a Solution
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…
Read MoreL.A. Times: Reverse Mortgage an Option After Pandemic Job Loss
A reverse mortgage is one possible option for a person aged 62 or older who has experienced a job loss as a result of the COVID-19 coronavirus pandemic, but the viability of the option is highly dependent on the individual situation of the senior in question. This is according to Liz Weston, a certified financial…
Read MoreForbes: Home Equity Can Help Solve the Retirement Crisis
As the United States continues to endure a retirement crisis that has only been exacerbated by the COVID-19 coronavirus pandemic, the home is an asset with continuously understated potential to assist with cash flow for retirees. This is especially true considering that the home is likely to be the largest asset that the majority of…
Read MoreWashington Post: Reverse Mortgage a Possible Option for ‘Underwater’ Homeowner
For a senior struggling with their home due to their mortgage being “underwater” — defined as the mortgage balance on a home exceeding its fair market value — a reverse mortgage could present a potentially viable option to unlock a home’s equity compared with other available options. This is according to reporters Ilyce Glink and…
Read MoreFor Many Seniors, the Home is ‘Unexpected’ Retirement Funding Source
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…
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