Helpful articles to get you on
the path to a better retirement.
Reverse Mortgage and Medicaid: What You Should Know
Medicare is Awesome, But It’s Not Free – The Medigap v. Advantage Decision Generally, if you have reached the age of 65 and you have paid Medicare taxes (these are the FICA deductions on your paycheck) for at least 10 years, you will likely be eligible to receive Medicare benefits. But Medicare (Part A, hospital […]Read More
Can a Family Member Be Added to a Reverse Mortgage?
Can a Family Member Be Added to a Reverse Mortgage? People seem to enjoy making additions of one sort or another. Homeowners might add an extra bedroom to accommodate visiting in-laws. Golfers might add a solo player to complete a foursome. Or magicians might add a routine to improve their act. Unfortunately, however, you can’t […]Read More
How to Fund Your Retirement in a Down Market
As an older American adjusting to the post-pandemic “new normal,” you may not only be looking at half-empty restaurants, airplanes, stadiums and cruise ships, but also a retirement picture that is quite different from last year or even just a few months ago. If you have money invested in an IRA or 401(k), you probably […]Read More
What You Need to Know About a Non-Borrowing Spouse
Since their introduction in 1961, reverse mortgages have been continually improved and strengthened, making them an even better financial option for older Americans seeking to live in the home they love while gaining extra cash for their retirement. One standout improvement has been increased financial protection and security for non-borrowing spouses. A non-borrowing spouse is […]Read More
Reverse Mortgage Age Requirement: When to Get a Reverse Mortgage Loan
When is the best time to get a reverse mortgage loan? If you are at least 62 (the minimum age for applying), the best time might be now. That’s because, included in a reverse mortgage’s many payout options is the reverse mortgage line of credit. By taking out the line of credit as close to […]Read More
How Do I Refinance My Reverse Mortgage?
If you have qualified for a reverse mortgage in the past, you should find the qualifying criteria similar for a refinance of your reverse mortgage. You must: Be 62 or older. Use the home as your primary residence. Have sufficient equity in your home. Demonstrate the financial stability to meet the loan’s ongoing obligations, such […]Read More
25 Home Activities to do During the Coronavirus Quarantine
Americans are famous for making the best out of bad situations — for finding the silver lining even in the darkest clouds. So even if the coronavirus has temporarily confined us to our homes, this nationwide house arrest doesn’t have to drive us stir-crazy. Indeed, this mandatory time-out may make us realize once again that […]Read More
A Message to Our Customers Regarding COVID-19
During these challenging times, we at AAG would like to provide an update to all our customers. First and foremost, we remain committed to helping older Americans maintain their financial well-being—now, more than ever—in the midst of uncertainty. To achieve this, AAG has taken many essential steps to remain fully operational during the COVID-19 pandemic. […]Read More
Homes and the Stock Market Crash of the 1930’s
October 29, 1929, known as Black Tuesday, lives in infamy as the day the stock market crashed. On this day, the booming stock market finally imploded and stocks tumbled in value. Many investors lost everything, and the economy took a severe hit. The Great Depression began, which would hold the United States in its grip […]Read More
How Much Equity is in My Home?
When you first bought your house, the last thing you may have thought about was its potential as a vehicle to fund your retirement. Your home was simply a place to share with your spouse, raise your children, and enjoy your family. It has been a humble setting for some of the best moments of your […]Read More