As parents age, their children often become increasingly involved in their financial decisions. One area that frequently generates discussion is the use of a reverse mortgage to access the equity in their home. While well-intentioned, the advice that children offer to their parents about reverse mortgages can sometimes be misguided. In this article, we will… Read more »
What is Aging in Place and Why is it Important? As we age, many of us want to stay in our homes and communities for as long as possible. However, this can be challenging for seniors who face financial strain or lack the resources to make necessary home modifications. Reverse mortgages can offer homeowners a… Read more »
More than 1 million American retirees have improved their lives with the help of a reverse mortgage. A reverse mortgage can be used as additional cash flow to reduce monthly expenses, supplement income from Social Security, pay off medical bills or even start a business. The reasons to take out a reverse mortgage can be… Read more »
With seniors out of the workforce means they can enjoy life and visit vacation spots they always wanted to see. Retirement is the perfect time to travel the world. If it is traveling within the United States or to the other side of the world there is a vacation spot available for every budget. The… Read more »
As seniors get older, they often face issues in how to maintain their current lifestyles and pay for unexpected expenses, such as medical bills, on a fixed income for the upcoming years to come. Here are quick financial tips for seniors to consider in managing their retirement money. Getting help – decide if you need… Read more »
Learn what is a Reverse Mortgage? Will it work for you and your family? With home values decreasing, retirement savings down, government benefit programs threatened and people living longer, many seniors are concerned about being able to finance the remainder of their lives. Even with diligent retirement planning many seniors face unexpected financial burdens. The… Read more »
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