USA Today listed reverse mortgages among multiple potential options for retirees to build their nest eggs, specifically pointing to the Home Equity Conversion Mortgage’s line-of-credit feature. Citing Kerry Uffman, founder of TWRU Private Wealth Management in Baton Rouge, La., writer Robert Powell positioned the product as a potential solution for long-term savings shortfalls. “Having a…

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The statistics about the waves of baby boomers turning 65 each day are old news to anyone who works in a senior-focused industry. But a new report from Harvard University adds a new twist to measuring the coming wave of American seniors: In 2035, households with members aged 65 and older will account for a…

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Lifestyle, ease of upkeep, and proximity to family are main criteria for seniors who choose a Home Equity Conversion Mortgage for Purchase loan, many originators agreed. Christina Harmes, assistant manager for C2 Reverse in San Diego, said she has clients looking to upsize, downsize, move to the city or relocate to the country, but most…

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Putting just a bit less on your dinner plate each day might be key to a longer life, preliminary research suggests. People who reduced their caloric intake by just 15 percent over two years experienced a significant decrease in their metabolism, according to a small clinical trial. These folks also saw improvements in biomarkers associated…

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Reverse mortgages have been increasingly pitched as a way to stave off the effects of so-called “gray divorce,” and a new research brief shows just how a split can put both parties’ retirement futures at risk — and how home equity benefits one demographic in particular. Households in which at least one party had previously…

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Rising household wealth held by older adults in recent years have put today’s seniors in a better position to tap home equity for retirement purposes. But increasing housing debt among this population could hinder their ability to use home equity to improve retirement security in the future, according to new research from the Urban Institute.…

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It’s well-known that exercise benefits the brain as well as the heart and muscles, but new research pinpoints just how much — and what types — of exercise may promote thinking skills as you age. Reviewing data from dozens of studies on older adults, scientists found that those who exercised an average of at least…

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More than two-thirds of seniors say that Social Security benefits are critical to their retirement planning according to a new survey, while a plurality said their biggest financial regret from their younger days was not saving enough. The April survey was conducted by LendEDU, an online student loan refinancing marketplace, which sought the opinions of…

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Less than 40% of Americans say their retirement plans are on track, and non-retirees report widespread confusion about some common financial tools and concepts, according to a new report from the Federal Reserve. Three-fifths of working people with 401(k)s, IRAs, and traditional savings accounts reported “little or no comfort” with managing them, the Fed found…

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It’s no secret that Americans are largely unprepared for retirement. But according to some financial advisors, they could be improving their financial standing significantly by factoring in home equity into a comprehensive retirement income plan. Reverse mortgages give seniors who are at least 62 years old a way to convert their home equity into cash.…

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