Mortgages make up about 70% of household balances. Conventional wisdom has long recommended that homeowners pay off their mortgage before retiring. Yet over the past three decades, more older adults are carrying their mortgage into retirement, while the amount owed has increased dramatically. The combination adds to economic insecurity for many older Americans. For homeowners,…

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Buying a home is exciting, but for many millennials, it’s not all nesting and redecorating. In fact, a recent Hometap survey of 1,000 homeowners revealed that millennials are more stressed about paying their mortgages than any other generation.  “Millennials have a lot on their cumulative financial plates—thanks to soaring home values and corresponding large mortgages.…

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Coca-Cola is saying so long to high-fructose corn syrup and hello to cane sugar for a new soda launch this fall. “As part of its ongoing innovation agenda, this fall in the United States, the company plans to launch an offering made with U.S. cane sugar to expand its Trademark Coca-Cola product range,” the company said in a…

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How do you buy a home after retiring? If you have one that’s paid for, you could sell and use the proceeds to buy another. You could raid your savings if you have enough. Or you could get a mortgage if you have enough income and good credit. But even if that’s possible, who wants…

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Fireworks are the pinnacle of many Fourth of July celebrations, and while they can be festive and fun, they can also land you in the emergency room if you don’t take proper precautions, experts warn. About 250 people a day wind up in the ER with fireworks-related injuries in the month before and after Independence…

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They say you’re never too old to learn, but is there a cutoff when it comes to homebuying? The median homebuyer is now 56 years old, which is seven years older than in 2023. The average age of first-time buyers has also increased—it now takes prospective buyers until the ripe-old age of 38 to finally…

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A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make ends meet if you’re planning to stay in your current home, reverse mortgages are a “fourth- or fifth-tier line of…

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Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years. According to data from Statista,…

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Spring has sprung, and the battle with seasonal allergies is underway in earnest. But there’s a lot folks can do to manage their pollen-produced misery, according to Dr. Zachary Rubin, a Chicago-area pediatrician and allergy expert. “There’s a lot of different issues at play when it comes to seasonal allergies, especially as tree pollen counts…

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