Posts Tagged ‘reverse mortgages’
Seafood in Pregnancy: To Eat or Not to Eat?
Pregnant women hear a lot of “Do this” and “Don’t do that” advice about what is safe to eat. But one recommendation that’s particularly important involves seafood: During pregnancy, women need to eat enough seafood to gain the health benefits, but not so much to raise the risk of some significant consequences. They also need…
Read MoreThe No. 1 Thing People With Fat Savings Accounts Scrimp on That You Likely Don’t
Housing may be the key to bigger savings. Earlier this week, a Reddit post — from a 48-year-old woman claiming to be a millionaire despite having only low-paying jobs until about age 30 — went viral, and in it she details some extreme frugality. She says she saves tea bags so she can make multiple…
Read MoreAre reverse mortgages the most underutilized retirement tool?
Reverse mortgage use as part of a broader financial plan “is really the intention in the financial planning space,” Pfau told the outlet. While reverse mortgage customers benefit greatly from low rates, the current high-rate environment doesn’t fully cancel out their potential use as a planning tool, he explained. “It’s all about the sequence-of-returns risk…
Read MoreU.S. News: 6 Steps For Those Starting Retirement With No Savings
For new retirees who begin their non-working lives without the advantage of having savings, a new article from U.S. News and World Report offers up six potential steps people in that situation can take in order to enhance their financial standing in their retirement years. Among the included recommendations is the employment of the home…
Read MoreHere are the markets with the most baby boomer homeowners
A Federal Housing Administration (FHA)-sponsored Home Equity Conversion Mortgage (HECM) requires a borrower to be at or over the age of 62 to qualify for a loan, making baby boomers most of the new qualifying candidates for a HECM. A new report from Construction Coverage sourced by its researchers and data from the U.S. Census…
Read MoreThe Lifelong Health Benefits of Intimacy
Much research has explored the mental and physical health benefits of maintaining social contacts well into later life. Studies also show that maintaining sexual health can have profound benefits that may include slowing down the aging process. Besides the exercise value of sex, research has found that sexual pleasure and intimacy may help ease everyday…
Read MoreReverse mortgages could be a long-term care option
mong the numerous issues that retirement preparation can present to those near the end of their careers, long-term care (LTC) provides an increasingly common discussion point. One potential product that could assist in paying for LTC and its insurance could be a reverse mortgage, according to personal finance publication Kiplinger. LTC is already an expensive…
Read MoreReverse mortgage lines of credit could benefit from higher rates: retirement expert
The Federal Housing Administration (FHA) ties a growth rate to mortgage interest rates on HECM credit lines, Resch explained. “With higher rates, the available line of credit grows faster,” Resch told the publication. This is a different result compared with clients who have other kinds of home equity loans, who are seeing available cash proceeds…
Read MoreStudy Urges Seniors to Get Moving to Live Longer
Can you tell how long you’ll live? For seniors, how fit you are may offer a clearer forecast of life span than traditional markers such as high blood pressure, high cholesterol, diabetes and smoking, a new study suggests. It included more than 6,500 people, age 70 and older, who had an exercise stress test between…
Read MoreOne Food Could Boost Health of Colon Cancer Survivors
Colon cancer survivors can give their health a boost by eating more navy beans, a new clinical trial finds. Small, white navy beans are full of gut-supporting fibers, amino acids and other nutrients that can help the beneficial bacteria of the gut flourish, researchers said. And colon cancer patients who added a cup of navy…
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