3 Problems Reverse Mortgage Lenders Can Solve for Borrowers Right Now

A reverse mortgage has never been a one-size-fits-all solution. For some borrowers it helps bridge a specific financial gap; for others its a means of eliminating a monthly mortgage payment. Still for others, it’s a rainy day fund that can cover unexpected expenses. But there are other common problems a Home Equity Conversion Mortgage can… [Read More]

The High Costs of Alzheimer’s

Sharp increases in Alzheimer’s disease cases, deaths and costs are stressing the U.S. health care system and caregivers, a new report reveals. About 5.7 million Americans have Alzheimer’s disease — 5.5 million of them aged 65 and older. By 2025, the number of seniors with Alzheimer’s could reach 7.1 million, up nearly 29 percent. And,… [Read More]

Health Tip: Friendships May Stem Cognitive Decline in Seniors

Forging new friendships and maintaining old ones may help slow cognitive decline among seniors, the U.S. National Institute on Aging says. For seven years, researchers at Northwestern University studied a group of so-called “superagers” — people 80 and older who had maintained long-standing friendships. The researchers found that the group collectively had memories of past… [Read More]

Warming Climate, More Sleepless Nights?

The rising nighttime temperatures that come with climate change could mean poorer sleep for millions, a new study suggests. Americans’ reported nights of insufficient sleep more than double as nighttime temperatures rise during summer months, an analysis of federal health data and weather records concludes. And people will have even more trouble getting rest in… [Read More]

Health Tip: Build Your Strength

As you age, it’s important to keep up your strength. To build your muscles, you’ll need to lift or push weight, the National Institute on Aging says. Here’s the agency’s advice for starting a strength-training program: Talk with your doctor if you are unsure about starting a specific exercise. Don’t hold your breath during strength… [Read More]

Warming Climate, More Sleepless Nights?

The rising nighttime temperatures that come with climate change could mean poorer sleep for millions, a new study suggests. Americans’ reported nights of insufficient sleep more than double as nighttime temperatures rise during summer months, an analysis of federal health data and weather records concludes. And people will have even more trouble getting rest in… [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]

Putting it in reverse, advisors warm to reverse mortgages

It’s no secret that Americans are largely unprepared for retirement. But according to some financial advisors, they could be improving their financial standing significantly by factoring in home equity into a comprehensive retirement income plan. Reverse mortgages give seniors who are at least 62 years old a way to convert their home equity into cash…. [Read More]