Could a Reverse Mortgage save your Retirement?

As baby boomers retire at the rate of 10,000 per day, many of them are woefully underfunded for their future retirement needs. While reverse mortgages have gotten a bad rap over the last decade, the product has changed and become more regulated. Reverse mortgages are now gaining a lot of attention as a viable option… [Read More]

Retirement savings declined by an average of 10% in 2022

Last year, retirees lost an average of 10% of their accrued savings for retirement. The average retirement savings dropped from $191,659 in 2022 to $170,726 by the start of 2023, according to a survey conducted by Clever Real Estate. The survey also shows that the share of retirees who have nothing saved jumped from 30%… [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]

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 More]

Reverse 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 More]

How 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 More]

As 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 More]