Millennials Face Tough Retirement Road Ahead
Wednesday, May 27, 2015

Millennials Face Tough Retirement Road Ahead

The millennial generation is typically digital savvy, well-educated and active in their communities. The group is made up of young adults from about 18 years old to those in their early 30s. Even though they have lived through some of the worst financial crises in recent times, they may not be prepared for retirement planning. […]

The Time is Now!
Wednesday, May 20, 2015

The Time is Now!

Reverse mortgage loans allow the borrower to tap into a portion of their home equity. For many seniors who are least 62 years old, a reverse mortgage loan can be a financial lifeline during their retirement. Jack M. Guttentag, the Mortgage Professor, recommends interested homeowners look into reverse mortgage loan options now because interest rates […]

Amazing Seniors In Sports, Art, Literature
Wednesday, May 13, 2015

Amazing Seniors In Sports, Art, Literature

If you ask seniors what the key to a long life is, many will tell you that doing what you love keeps you young and healthy. But what if you don’t discover your passion until later in life? We have compiled a list of seniors who achieved enormous success in their golden years, teaching later […]

How to Hire a Contractor
Tuesday, May 5, 2015

How to Hire a Contractor

If the honey-do list is getting a little long or there are projects around the house that need the attention of a professional, it’s probably time to call an expert. We’ve all heard horror stories of supposed contractors and handymen who have scammed their clients out of thousands of dollars or who were unlicensed or […]

Housing America’s Older Adults
Wednesday, April 29, 2015

Housing America’s Older Adults

In the recently released study, “Housing America’s Older Adults” by the Joint Center for Housing Studies of Harvard University, the unique need for appropriate, safe housing for seniors and the current lack of such available housing is discussed. Currently, a third of people over the age of 50 pay more than 30% of their income […]

Ways to Increase the Appraised Value of Your Home
Tuesday, April 21, 2015

Ways to Increase the Appraised Value of Your Home

Knowing the appraisal value of your home is important if you are going to be refinancing your home, selling your home or getting a reverse mortgage loan. But you don’t have to sit back and wait in angst for the appraised value to come in. You can be proactive in increasing the value of your […]

Transforming your Wealth into Retirement Security
Wednesday, April 15, 2015

Transforming your Wealth into Retirement Security

The debate continues about whether Americans are saving enough for retirement. The National Retirement Risk Index (NRRI) shows that more than half of households may not be able to maintain their current standard of living throughout retirement1. This information was released by the Survey of Consumer Finances. On the other hand, a survey by T. […]

Things to Consider for Recent Retirees
Wednesday, April 8, 2015

Things to Consider for Recent Retirees

Life is full of surprises and retirement is no different. Most people think of retirement as a time to spend with friends and family, take vacations and focus on hobbies. However, some may not consider potential complications that could arise during their retirement. Even retirees who have saved and invested wisely would do well to […]

Mortgage Debt Rises for Borrowers Aged 60+
Wednesday, April 1, 2015

Mortgage Debt Rises for Borrowers Aged 60+

A recent study by TransUnion observed the changing trends of U.S. borrowers. It showed that older borrowers have higher loan balances today than they did in 20051. The study focused on consumer wallet share: the types and amounts of loans that people need and have at different life stages. The main timeframes the study focuses […]

The Pros and Cons to Downsizing During Retirement
Thursday, March 26, 2015

The Pros and Cons to Downsizing During Retirement

Moving can be a time consuming, expensive hassle. Kiplinger reports that a cross-country move for a three bedroom home can cost $8,0001 For retired people, downsizing to a smaller home may be a necessary move, but any move should be carefully considered to make sure the pros outweigh the cons. We have come up with […]