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A Retirement Planning Solution

With the impact of the coronavirus pandemic still a persistent presence in the everyday lives of Americans, more adult children and retired parents are spending time together, making it an optimal moment for retirees to talk about their finances with their children. A reverse mortgage can be one such solution for your older clients to […]

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Housing as a Solution for the Retirement Crisis

We know there is a retirement crisis in the United States, but what we don’t know is how to solve it. There are three pillars to retirement in the United States: your home, retirement/pension plans, and social security. Independently, none of these are adequate for the average American, but managing them together can be the […]

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Home Modifications for Aging in Place and How to Finance Them

Most Americans over age 50 prefer to remain in their current home and community as they get older, according to AARP – but to do that, many will need to increase the accessibility of their home by making home modifications. Read more…

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Senior Housing Wealth Hits Record High of $7.54 Trillion

Homeowners aged 62 and older saw their collective housing wealth increase in Q1 2020 by 1.6% compared to the previous quarter. This constitutes an increase of approximately $120 billion to a record of $7.54 trillion. Read more…

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Education is Key Priority in Reverse Mortgage Media Coverage

In its efforts to connect with a broader base of potential borrowers, the reverse mortgage industry has made a lot of sustained, concerted efforts to communicate to customers how a reverse mortgage might be able to help them, and why the product category may be worthy of consideration. This has largely been an uphill battle, […]

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$100,000 is Nowhere Near Enough for Retirement

Saving a six- or even seven-figure sum for retirement isn’t an easy feat, even if you have decades to accomplish it. In March 2020, approximately 26% of adults 60 and older had less than $100,000 saved for retirement, according to an American Advisors Group survey, but that masks the true scope of the problem. Read […]

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Using a HECM to Fund Home Care

As a senior care professional, you know Medicare provides only limited in-home medical coverage for your patients. It may provide in-home skilled nursing or physical therapy, but it generally won’t cover custodial care. Even if your patients have a supplemental Medicare plan, it will likely not be enough. Using a HECM to fund their home […]

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Retirees Earn Money Without Leaving Home

With older Americans at an increased risk of developing deadly cases of COVID-19, working outside the home may no longer be a safe option for retirees. Fortunately, there are plenty of ways people can bring in exta money from the comfort of home. Read more…

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Senior Housing Wealth Reaches $7.23 Trillion

Homeowners 62 and older saw their housing wealth grow by 0.5 percent or $39 billion in the fourth quarter to a record $7.23 trillion from Q3 2019, the National Reverse Mortgage Lenders Association reported today in its quarterly release of the NRMLA/RiskSpan Reverse Mortgage Market Index. Read more…

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Trust: Its Critical Role in Senior Care

Family caregivers can understand why they typically are the preferred providers of their senior loved ones’ long-term care. Not only are they trusted and familiar, but in the best cases they are proven to have the authentic love and concern that caregiving requires. Read more…

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