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 […]

Retirement Income Insufficient in 49 out of 50 States
Wednesday, March 18, 2015

Retirement Income Insufficient in 49 out of 50 States

Interest.com1 analyzed data from the 2013 American Community Survey that was conducted using the Census Bureau data and found an upsetting statistic about American retirement incomes. “Nationally, the replacement income ratio for those 65 and older climbed to 59.6% in 2013, up from 57.4% in 2011.” According to interest.com, replacement income is the approximate amount […]

Over Half of US Households at Risk
Wednesday, March 11, 2015

Over Half of US Households at Risk

The National Retirement Risk Index (NRRI) shows the number of working-age households who are at risk of not being able to maintain their current lifestyle during retirement based on the Federal Reserve’s 2013 Survey of Consumer Finances.1 According to the 2013 index, 52% of working-age households are at risk for not having enough saved for […]

Comparing Reverse Mortgage Loans and Researching the Best Deal
Wednesday, March 4, 2015

Comparing Reverse Mortgage Loans and Researching the Best Deal

If you are thinking about getting a reverse mortgage loan, there are several factors to consider to ensure sure you are getting the best deal. You should learn as much as possible about reverse mortgages in general and research potential lenders. The mortgage insurance premium should be the same among all lenders, but origination fees, […]

Is Working Longer Really a Solution to a Stable Retirement?
Wednesday, February 25, 2015

Is Working Longer Really a Solution to a Stable Retirement?

Many Americans have grand plans for their retirement. Some plan to travel and have more time to focus on family or hobbies or to relax after many years of hard work. But it is important for workers who are facing retirement to create a plan. What will they do immediately after retirement? What will they […]