Retirement Fears: an Answer to Pressing Concerns

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Twenty-three percent of Americans are worried that they will run out of savings in retirement, according to a Bankrate survey. Rising healthcare costs, increasing debt and uncertainty about Social Security benefits don’t help matters. Stressing about the future is not how anyone wants to spend their retirement years. Fortunately, finding ways to supplement your income may […]

Make the Most of Your Retirement Through Giving

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According to a recent study from Merrill Lynch and AgeWave, retirees are expected to create an $8 trillion surge in giving over the next two decades. This “Longevity Bonus” will be a fundamental shift in philanthropy and is being driven by the convergence of several factors. Most notable is the growing number of baby boomers entering retirement, […]

How a HECM Can Help You Go Green In Retirement

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  Retirement is around the corner, and you’re looking to update your home without blowing your budget. So, what is the solution? Consider going green when choosing to remodel and using a Home Equity Conversion Mortgage (HECM), or reverse mortgage, to enjoy the best of both worlds. A HECM, an FHA-insured loan for homeowners 62 […]

For Seniors Aging in Place, Maximum Mobility Is Essential

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  One aspect of owning a home that flies under the radar until there’s a problem is maintenance. It happens to everyone, but it’s more likely to occur for homeowners settled into their houses and their routines. Post-retirement, it’s not uncommon for weekend house projects and small fixes to fall by the wayside over time. […]

Is A Reverse Mortgage Your Secret To A Longer Retirement?

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It’s not a complicated equation. The longer a retirement, the more money it requires. But, figuring out how to deal with the reality of a retirement that could last 30 years or more is where the simplicity ends. Fortunately, there are multiple strategies for finding solutions, and a skilled financial advisor can discuss ways to […]

Make A Fixed Income Work: Refinancing A Traditional Mortgage Into A Reverse Mortgage

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Transitioning into a comfortable retirement typically requires hard work, careful planning and the ability to reconcile your financial health with long-held aspirations. However, if retirement is nearing and the resulting fixed income threatens to derail the lifestyle you imagined, an underutilized and often misunderstood tool could get you back on track. Add Income, Reduce Costs […]

If Downsizing Isn’t In the Cards, Some Advice for Aging in Place

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In a perfect world where mortgage rates, market inventory and demand from homebuyers align, downsizing to a smaller home would be a piece of cake for aging seniors. Unfortunately, if downsizing isn’t in the cards, some advice for aging in place can be valuable. Seniors Staying Put Factors like lack of affordable inventory in a preferred […]

Keep Learning: 5 Ways A HECM Can Help

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Continuous learning can keep your mind sharp as you age and can play a fundamental role in making the most of your retirement. However, retirement savings can limit your ability to be a lifelong learner. One option to free up some cash and secure your financial stability is a reverse mortgage or Home Equity Conversion […]

Good Health and Financial Security

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Good health and financial security are essential to enjoying retirement. Planning ahead will go a long way to ensure both are waiting for you when the time comes. However, a reverse mortgage, or HECM, may also be a useful tool to help you achieve those goals. In addition to providing a flexible revenue stream without […]

Five Unexpected ways a HECM Could Improve Your Quality of Life

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Retirement is one of the milestones most looked forward to in life. Work is done and free time reigns. Maybe you’ve always wanted to travel Europe, or take up sailing, or just live closer to your children and grandchildren, but money is tighter now. For many, a Home Equity Conversion Mortgage (HECM) is a great […]