9 Reasons To Consider A Reverse Mortgage

Increasing numbers of homeowners around the US are using Reverse Mortgage Loans to boost their income in retirement. With a Reverse Mortgage you could take advantage of your property value now, without having to move or downsize. If you are over 62, this is why you should consider a Reverse Mortgage. 1) A Home Equity… [Read More]

Feeling Taxed to the Max? Check Out These 9 States Boasting Zero Income Taxes

If you’re tired of paying Uncle Sam at the federal level and writing a check to your state every year as well, then let’s look at where you won’t be taxed on your income (but you might have to pay extra bucks in other taxes or home prices). Alaska Sitka, AK (Getty Images)    … [Read More]

6 Simple Ways For Older People To Deal With Chronic Pain

Chronic pain is an unfortunate reality for many elderly people. As we age, our bodies become more fragile. Osteoarthritic, musculoskeletal, neuropathic, and chronic joint pain are all common and difficult to treat. These issues make everyday activities incredibly challenging, often causing sufferers to withdraw into a sedentary lifestyle. While these issues cannot be completely cured,… [Read More]

5 Myths About Reverse Mortgages

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… [Read More]

How Reverse Mortgages Can Save Retirement

One of the biggest assets seniors have is their home, and in some situations those who are facing challenges in retirement may be able to live a bit more comfortably by tapping into their home equity, explains a recent article from U.S. News & World Report. Using a home as a retirement fund is one… [Read More]

How To Stay Sharp As You Age

So you’ve noticed some changes in your thinking; you often misplace your keys or have trouble coming up with the right word in conversations. But how do you know when these changes are a normal part of getting older or if they might be pointing to a health problem such as dementia? How the Brain… [Read More]

Should You Retire On Your House?

Many American households will face a significant retirement financing gap unless they save more, invest more efficiently, retire later, and/or distribute their retirement assets more efficiently. Yet the pain of such difficult behavioral changes might be mitigated by better use of an asset that almost 80 percent of retirees have: the family home. The Reverse… [Read More]

More Steps Per Day, Lowered Odds for Diabetes in Women

Move your body every day to guard against type 2 diabetes. That’s the upshot of a new study that analyzed Fitbit data and type 2 diabetes rates from participants in a nationwide research program, reporting that women who logged more steps each day had a lower risk of diabetes. “We investigated the relationship between physical… [Read More]

Why High Senior Equity Makes It a Good Time For Home Modifications

Earlier this summer, homeowners aged 62 and older saw their collective housing wealth increase in Q1 2022 by approximately $520 billion to a record of $11.12 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. Such historic levels of home equity may mean that… [Read More]

How Often Can You Refinance a Home Loan? More Than You Might Think

Homeowners with a mortgage often hear about the benefits of refinancing—to snag a lower interest rate, reduce their monthly loan payments, and tap into their home equity. The list of advantages is long and enticing. But if you’ve recently refinanced but have seen interest rates drop even further—or start creeping up—you might wonder if you… [Read More]