Social Security changes for 2020
The money seniors have paid into social security (SS) during a lifetime of working is significant and this monthly payment is often a cornerstone of income for retirees. For those considering a reverse mortgage or those that already have one, keeping up on these changes is crucial. There is a…
Breaking: FHA eases condo rules for Reverse Mortgages
In the past condo owners were lucky if they were one of the few condo complexes that were FHA approved; only 6 ½ % of condos are actually FHA approved (housingwire.com). I worked with an applicant in San Diego and we tried for 6 months to get her condo to…
Seniors Find Important Perks by Aging in Community
When it comes to aging in place, today’s seniors are brainstorming some brilliant solutions. “Aging in community” is an innovative variation, broadening seniors’ options and helping them to not only avoid nursing homes, but also avoid senior isolation. Read on for important information about seniors who are resolving the dilemma…
Reverse Mortgages have changed significantly over time
Most retirees understand a Reverse Mortgage (RM) can be used to access a percentage of the equity in their home, but don’t know how versatile a tool it can be. Here are some potential uses: A source of tax-free money (consult a tax advisor). Protection against future drops in housing. …
Aging in place and alternative options for receiving care in home
Almost 90% of those 50 and older would like to stay in their homes as they age, yet only 46% of retirees believe that they will be able to stay put throughout their retirement, according to an AARP survey. There is a gap of 44% that would like to stay…
You may qualify for higher Social Security (SS) payouts and not know it; facts about SS spousal benefits.
Staying at home and raising your children is a great investment in your family and our nation’s future. There is no more important work than molding, encouraging, and loving our young ones. Of course this dedication means one spouse may not have earned as much or any money towards Social…
Solutions for today’s biggest retirement challenges
By: Chris Clow The difficulty that the senior population has in finding an adequate amount of money to fund retirement is an issue that is only growing in scale, and the reverse mortgage industry needs to keep the unique hardships faced by seniors fully in mind when advising them on…
Create family experiences and a legacy with help from a Reverse Mortgage
You have spent a lifetime building your family and creating a safe home for your kids and grand-kids to enjoy together. As your family has grown and gone out into the world they may have separated from you in distance or in closeness but there are things you can do…
2019 Best Medical Alert Systems
According to the Centers for Disease Control and Prevention, one out of every four older adults falls every year, and 20 percent of those falls are serious, resulting in a broken bone, head trauma or the similar injury. Seniors who experience a fall double their chance of experiencing another fall in…
7 Tips to spend less and have more fun on a cruise
Taking a vacation on a cruise ship is a wonderful way to relax, disconnect, recharge, and only have to pull out your wallet one time. In fact, a cruise is a great excuse to tell everyone that you won’t have cell phone reception and can’t be bothered. After some vacations,…
