The perception of reverse mortgages as a “last resort” loan to fund retirement is diminishing, but persistent. Still, reverse mortgages are increasingly being seen as a viable financial tool for eligible borrowers even though prospective users should be aware of high upfront costs, according to a new piece at Dow Jones financial news subsidiary Barron’s.…

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The loss of loved ones can hit the elderly particularly hard, but a new study suggests it’s anger, and not sadness, that may damage the aging body more. Anger can increase inflammation, which is linked with conditions such as heart disease, cancer and arthritis, the researchers said. “As most people age, they simply cannot do…

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Running out of money in retirement remains a primary concern for those planning their transition out of work, with other major concerns being maintaining their lifestyle and the rising costs of healthcare expenses. This is according to the American Institute of CPAs (AICPA) and its Personal Financial Planning Trends Survey. Exhausting their money is the…

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Want a quick brain boost? A morning session of exercise and short walks throughout the day provide a number of brain benefits for older adults, a new study says. The findings show that people should avoid uninterrupted sitting to maintain good mental function throughout the day. The study also indicates that moderate-intensity exercise such as…

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Studies show that people who are able to afford a full retirement – and who will also be healthy enough to enjoy it – are generally much happier in retirement since their working life is behind them, and they can instead spend their time doing the things they enjoy doing. However, when a critical component…

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Alzheimer’s and dementia are not an inevitable part of normal aging, and a little exercise might help keep them at bay, a new study suggests. The researchers found that every hour of light exercise on top of recommended weekly levels of more intense activity reduced brain aging by about a year. “This study emphasizes the…

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Retirement can come with a host of unanticipated risks, but a reverse mortgage can serve as a tool to manage those risks when used responsibly. This is according to writers Julie Iannuzzi and Justin Ho in a new article posted to TheStreet. “To be sure, no one product or strategy can manage or mitigate all…

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Over a third of all American workers retire earlier than planned, and do so for various reasons that can relate to health, employment, family and finances, but these kinds of shocks still only comprise only a quarter of recorded early retirements. This indicates that other factors are at play, according to a new research brief…

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Richard McIntosh hadn’t had any pets since his childhood farm dogs, but then he started a relationship with a competitive dog trainer and found his life filled with Golden Retrievers. Now McIntosh, 59, of Cornelius, Ore., can’t imagine growing old without a dog or two by his side. “There was a little something missing from…

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As the reverse mortgage industry continues to try and find new ways to expand business in the wake of difficult challenges that come with regulatory changes and generally reduced volume, one reverse mortgage loan officer was looking for an opportunity to share a novel idea in terms of a new marketing target for originations: people…

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