Posts Tagged ‘reverse mortgage’
How Many Daily Steps Do You Need to Lose Weight?
It’s clear that staying active is key to being healthy, and fitness trackers and smartwatches have become popular tools for tracking activity. But just how many steps does someone need to take to lose weight? That’s not such a simple a question. While evidence is limited on exactly how many steps a day it takes…
Read MoreReverse mortgages an option for seniors feeling stuck in retirement
Reverse mortgages could be an option for seniors who feel like they’re “stuck” in retirement. However, they may not consider this option due to the hurdles that many assume will come with tapping home equity, according to retirement expert Mark Miller, who was featured in an article on MarketWatch. In the article, Miller names home…
Read MoreHow Much Does Lawn Care Cost? We Break Down What You’ll Spend
How much does lawn care cost? That’s a question home buyers don’t often consider as carefully as they should. When you first lay eyes on that gorgeous spread of grass, it tends to look much greener when you don’t own it. But once those weeds creep knee-high or the grass starts to brown, you’ll want…
Read MoreAs more seniors live alone, retirement finances could be challenging
Generation Xers and baby boomers who live alone in retirement may face unique financial challenges compared to other seniors, according to a column in The Street by Center for Financial Planning (CFP) partner Sandra D. Adams. After a New York Times story was published on the challenges of seniors living alone, Adams looked at data…
Read MoreSeniors, Make This Winter an Active & Healthy One
Winter may feel like a time for hibernation, but it’s important for seniors to safely keep up their hobbies and physical activity in the cold weather. “It’s important to get outside as much as possible, whether it’s temperate or even if it’s colder, as long as it’s safe to do so,” said Dr. Angela Catic,…
Read MoreAmericans are worried about outliving retirement savings, new report shows
While a majority of American workers believe that they’re building a sufficient retirement nest egg, more than one in three workers (37%) report that they’ve had to tap into their retirement accounts — including hardship withdrawals — to make ends meet, according to a recent report from the Transamerica Center for Retirement Studies. And, retirement…
Read MoreAs more seniors age alone, could reverse mortgages become key?
According to recent statistics, a higher number of American seniors are aging without a living spouse or biological children, raising questions about who will care for them if serious health issues or financial problems occur later in life. Issues associated with “kinless” seniors were highlighted this week in a New York Times article. According to…
Read MoreHoliday Kitchen Accident? Here’s How to Treat Minor Cuts, Burns
From burns to cuts, kitchen accidents happen, and they may be more likely as you cook for holiday gatherings. Treating those injuries quickly and effectively can help begin the healing process and may reduce scarring, according to a skin expert at the American Academy of Dermatology. “Whenever your skin is injured — whether by accident…
Read MoreAre reverse mortgages an option for seniors who want to avoid nursing homes?
The full impact of the COVID-19 pandemic on the senior population is becoming clearer. According to recent estimates reported by the Washington Post, nearly 9 in 10 deaths attributable to COVID-19 were people aged 65 or older. Another pandemic-related point of clarity is related to older Americans who reside in nursing homes. Based on new…
Read MoreSeniors still making mortgage payments should consider HECM
Roughly 60% of homeowners at or approaching the age of 62 continue to make forward mortgage payments,a sizable expense as many people during that phase of life are transitioning out of their jobs and into a fixed-income environment. A reverse mortgage’s elimination of a monthly mortgage payment may provide needed financial relief for these seniors,…
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