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Describing the Reverse Product Landscape to Clients

The modern reverse mortgage product landscape has grown in recent years to include a variety of different options that either come with insurance for the lenders by the government, or that don’t include the government at all. As proprietary reverse mortgage options continue to become more prevalent, conversations with clients that are aimed to determine […]

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How Reverse Mortgage Loans Help Retirees Weather Market Storms

Reverse mortgages have often been branded as a way for older retirees to raise money only when other sources of retirement income have dried up. But a growing group of financial planners and academics say that taking out a reverse mortgage early in retirement could help protect your retirement income from stock market volatility and […]

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AARP: What to Know about Reverse Mortgages

A reverse mortgage is a loan based on the paid-up current value, or equity, in your home. Unlike a conventional mortgage, your lender pays you — in monthly payments, through a variable line of credit or in a lump sum. You don’t have to repay the loan until you sell your house, move or die. […]

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Kiplinger: Reverse Mortgages Help Seniors Avoid ‘Pre-retirement Crisis’

In trying to shore up finances as a senior prepares to enter retirement, one option that can help a senior to avoid a financial crisis in the period preceding retirement can be a reverse mortgage. This is according to Mike Piershale, president of Piershale Financial Group in Barrington, Ill. in a new article at Kiplinger. […]

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Americans are Making Mistakes with Retirement Savings

Nearly one in five Americans don’t contribute enough to their employee-sponsored 401(k) plans to earn the company match, according to a new survey by MagnifyMoney. That means they’re missing out on “free money.” Read more…

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Advisors May Be The First To Notice Elder Abuse

Nearly half the country is now on board with changing how advisors can respond to signs of elder fraud. State governments and regulators have been prompted to make changes to the regulatory regime in response to the high costs of elder abuse and advisors’ unique position to spot early warning signs. Read more…

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Retirement Trends of Baby Boomers

Baby boomers are entering retirement with the confidence that the best years are still to come. Rightfully so, considering boomers are the first generation to grow up expecting life to continue improving. Read more…

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How Advances in Fintech Help You

Financial technology — or fintech, for short — has increased competition in the advice business via automated online platforms. Yet at the same time, advisors have found that those digital advances have bolstered their ability to serve clients, both by freeing up their time and helping their businesses run more efficiently. Keep reading…

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Pre-Retirees Aren’t Realistic About Retirement Expenses

In the first study, the Hearts & Wallets financial research firm, asked 495 “late career” workers age 53 to 64 whether they thought they’d spend more, less or the same on key expenses in retirement than they currently do. Keep reading…

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New High of $7.14 Trillion for Senior Housing Wealth

Homeowners age 62 and older saw their collective housing wealth increase in Q1 2019 by 2.7 percent compared to the previous quarter. This constitutes an increase of approximately $104 billion to a record of $7.14 trillion, according to data provided by the National Reverse Mortgage Lenders Association (NRMLA) in conjunction with data analytics firm RiskSpan. […]

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