Posts Tagged ‘saved’
Home Equity Crucial to Health Care Planning as Costs Rise 4% Each Year
As health care costs are expected to keep rising, reverse mortgages and other home-equity tapping solutions can play a vital part in planning for health expenses for seniors. HealthView recently released its 2018 Retirement Health Care Costs Data Report, which showed that retirees can expect their health care costs to rise annually by about 4.22%…
Read MoreWarmer Weather Gets Seniors Outdoors and Moving
The better the weather, the more seniors venture out and get active. So say researchers who assessed the activity levels of more than 1,200 adults in Norway, aged 70 to 77, who were grouped based on whether they scored low, medium or high on a fitness test. “Older people in poor physical condition become less…
Read MoreUSA Today: Reverse Mortgages Can Help Manage Retirement Mortgage Debt
Carrying a mortgage into a retirement can present a number of concerns for homeowners, so many experts recommend paying off this debt during the working years. This isn’t always possible though, and experts in a recent NerdWallet article that was republished by USA Today, offered ways to help mortgage-carrying retirees. In the article “Why you…
Read MoreRising Healthcare Costs Key Factor in Planning Retirement
As long term care costs have risen 3% from 2017 to 2018, seniors need to keep these rising health care costs in mind as they plan for retirement, the latest cost-of-care data shows. On Tuesday, Genworth Financial, an insurance holding company, released its 15th Annual Cost of Care Survey looking at the costs of assisted…
Read MoreMoneyWise: Reverse Mortgages Can Help Fund Aging in Place
Seniors have made it known through numerous surveys that they desire to age in place, but keeping the home safe and accessible can require expensive upgrades and improvements. MoneyWise editor-in-chief Doug Whiteman wrote in a recent article ‘How to Find Financial Assistance for Aging in Place’ about the many options out there to help seniors…
Read MoreAlmost 30% of U.S. Households Have Just $1K Saved
Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from…
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