AAG and FAR Partner to Expand Jumbo Product Reach
Two of the biggest names in the reverse mortgage industry are teaming up in an attempt to expand the reach of proprietary products. American Advisors Group will begin offering Finance of America Reverse’s private HomeSafe loan on a correspondent basis, RMD has learned. Under the agreement, the Orange, Calif.-based AAG will offer the HomeSafe — a proprietary […]Read More
How Long Does $1 Million Last During Retirement?
Check out this infographic from GoBankingRates to see how long $1 million will last during retirement for each state. If clients have their heart set on retiring in Hawaii, let them know their funds won’t make it 12 years in the Aloha state.Read More
Retirement Investments Leave 30% with Limited Savings
Baby boomers and seniors who proactively set up retirement accounts have more than $100,000, on average, in savings than their peers who did not, according to a recent study by personal finance publication MagnifyMoney. But across the entire board, 29% of households have less than $1,000 saved in any type of account. Using data from […]Read More