Take advantage of lower rates due amid COVD-19. The Federal Reserve (Fed) recently cut interest rates to nearly 0%1 amidst the economic uncertainty that the novel coronavirus COVID-19 pandemic has brought to the U.S. What does this mean for your wallet if you’re planning to retire, or have already retired? Retirement Savings (ex: 401k)1Drops in the stock market will likely cause a short term...

COVID-19 and a Reverse Mortgage COVID-19 (sometimes referred to as the novel coronavirus) has altered the world as we know it.  Hopefully, things will get back to normal, but it could take a while.  In the meantime, many are watching the stock market fluctuate into areas not seen since 2008 and are also worrying about increased healthcare costs, possible food shortages, and their retirement...

Down Market and a Reverse Mortgage There is no guarantee that the money you have saved for your retirement will not be affected by the volatility of the stock market. Especially with the impact of COVID-19 (also known as the coronavirus). When there are down cycles in the market, retirees may need to look at other sources of money. Tapping into one’s home equity may be able to create a more...

One of many reasons to downsize is to be closer to family. Seniors planning for retirement are often faced with the fact that their family home may not be appropriate for them to age in place. Whether the home is simply too large to maintain, or the location is too far from family, it could make sense to downsize. Home Buying with Safety in MindDownsizing provides the opportunity for retirees to...

As baby boomers enter retirement, they may have questions as they plan for their futures: Will I stay in my current home? Should I downsize?  Can I age in place?  A recent report released by the National Reverse Mortgage Lenders Association shows that seniors are sitting on a record amount of housing wealth at $7.19 trillion.1  While utilizing one’s home equity hasn’t been a...