The 15-Minute Retirement Plan
As senior citizens live longer and will need to afford aging, here are 7 scenarios of managing your savings in retirement.
Retirees, Make the Most of Your Home Equity Loan
When retirees have equity in their home and it is mostly paid off, here are 11 choices of financial options to consider
Best home modifications for aging in place and how to finance them
As we age in place and want to stay in our home, it will be necessary to do some modifications to the home like wider doorways. Here are some popular upgrades to your home for you to stay at home
- Advanced | Mortgage Debt Elimination | Real Estate News | Retirement Income | Reverse Mortgage Facts
9 Retirement Planning Mistakes to Avoid
Here are some reminders of common investment mistakes retirees make.
Affording Health Care in Retirement
Survey: 64% of Americans were expected to retire broke. Survey: Only 38.1% were saving specifically for the cost of health care in retirement. Average retiree is thought to spend $4,300 on health care each year, although specific conditions and treatments can certainly affect this amount. Only 20.9% of people earning less than $50,000 said they believed they would have sufficient savings for retirement. Nearly 23% planned to use a health savings account (HSA) – or tax-advantaged account – a relatively more effective option than a personal savings account.
Buying a House With a Reverse Mortgage
For there to be equity to cover the accrued interest, the HECM for Purchase requires that you pay about half the home’s sales price with your own cash.
- Advanced | Annuity Type Monthly Income | Home Financing | Real Estate Market Trends | Retirement Income | Reverse Mortgage Facts
Incorporating Home Equity into a Retirement Income Strategies
Seven total retirement income strategies will be considered, six of which involve spending from a HECM(Reverse Mortgage)
Everything You Need to Know About Reverse Mortgages
Money Magazine’s discussion of the Pros & Cons of reverse mortgages… know completely what you give up when getting the reward of this senior loan for homeowners.
Secure Retirement – MANAGING POST-RETIREMENT RISKS
Retired individuals with outstanding mortgages can effectively improve their monthly cash flow by replacing their conventional mortgage with a reverse mortgage, using the lump sum proceeds of the reverse mortgage to pay off the conventional mortgage. Retirement risks discussed…
