Posts Tagged ‘reverse mortgage’
Putting it in reverse, advisors warm to reverse mortgages
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.…
Read MoreBetter Diet, Bigger Brain?
You go to the gym to make your muscles bigger, but what if you want to bulk up your brain to help you stay sharp? New research suggests you might want to head to the produce aisle. People who ate diets full of vegetables, fruits, nuts and fish had bigger brains than their less well-nourished…
Read MoreOne-Third of Americans Have Less than $5K for Retirement
The grim outlook for many Americans approaching retirement age has some new stark statistics: One-third of respondents in a recent survey said they’d saved less than $5,000 for retirement. Among baby boomers, one third said they had $25,000 or less in retirement cash available, according to a new data release from life insurance provider Northwestern…
Read More‘What’s That Word?’ Fitness Helps Seniors Find It
Can’t recall that word that’s on the tip of your tongue? Exercise might help. Physical activity is tied to a host of benefits. Now, a small study finds that healthy older people who exercise regularly have fewer problems with word retrieval. “Tip-of-the-tongue moments are very noticeable. They are irritating and embarrassing,” said lead researcher Katrien…
Read MoreShould 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 MoreAging Brains Gain More From Exercise With Good Hydration
Older adults, drink up. You need plenty of water during exercise so your brain gets the full benefits of working out, researchers say. “Middle-age and older adults often display a blunted thirst perception, which places them at risk for dehydration, and subsequently may reduce the cognitive [mental] health-related benefits of exercise,” said Brandon Yates, of…
Read MoreHearing Aids May Help Keep Seniors Out of the Hospital
Hearing aids may mean fewer visits to the hospital for seniors, a new study suggests. Researchers examined data from more than 1,300 adults aged 65 to 85 with severe hearing loss, and found that only 45 percent of them used a hearing aid. Those who did use a hearing aid were less likely to have…
Read MoreNew Research Links Reverse Mortgages to Financial Well-Being
Senior homeowners can tap into their home equity in a variety of ways, whether that means taking a reverse mortgage, a home equity line of credit (HELOC) or cash-out refinance. But when it comes to deciding between these different extraction methods, reverse mortgages can have a positive impact on financial well-being of borrowers, according to…
Read MoreAging Brains Gain More From Exercise With Good Hydration
Older adults, drink up. You need plenty of water during exercise so your brain gets the full benefits of working out, researchers say. “Middle-age and older adults often display a blunted thirst perception, which places them at risk for dehydration, and subsequently may reduce the cognitive [mental] health-related benefits of exercise,” said Brandon Yates, of…
Read MoreExercise In, Vitamin D Out for Preventing Falls
With aging often comes worry about falls and the bone fractures they cause. Now, a panel of U.S. experts has new advice on what helps and what doesn’t when it comes to staying upright. For starters, get off the sofa. And don’t rely on vitamin D to keep you from falling. In a change from…
Read More
