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Advisors’ Game Plan for Long-Term Care

There’s an expense lurking on the horizon for retirees that is largely unpredictable but likely: Long-term care. With premiums skyrocketing on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such […]

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Protecting Seniors from Scammers

Seniors continue to be the main target for scammers. Linda Karimi of Better Business Bureau was on the show this morning to tell us more. Ryan Ponsford from America  Advisors Group, was here to talk more as well. Watch here…

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How a Reverse Mortgage Can Reduce Retirement Risks

Retirement can come with a host of unanticipated risks, but a reverse mortgage can serve as a tool to manage those risks when used responsibly. This is according to writers Julie Iannuzzi  and Justin Ho in a new article posted to TheStreet. Keep reading…

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Driving the Home Improvement Market

Armed with record amountss of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. Check out the study…

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Reverse Mortgage Safety vs. New Alternatives

As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves in a more competitive environment. Read more…

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Financial Wellness High on Boomer Bucket Lists

Ninety-five percent of surveyed Americans revealed that they have some kind of list of financial goals and other experiences they wish to have before passing on, otherwise known as a “bucket list.” 66 percent of respondents have something on that list that they plan to accomplish within the next year of their lives, and 21 […]

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Going Broke Remains a Top Concern in Retirement

Running out of money in retirement remains a primary concern for those planning their transition out of work, with other major concerns being maintaining their lifestyle and the rising costs of healthcare expenses. This is according to the American Institute of CPAs (AICPA) and its Personal Financial Planning Trends Survey. Check it out…

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Why Open a Reverse Mortgage Before it is Actually Needed?

Would the line of credit ultimately be larger if opened earlier rather than later? We can further explore this question with a more realistic example. Exhibit 1.1 below provides an illustration of the impact of opening a reverse mortgage at different points in time using a few basic assumptions. Keep reading…

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More than One-in-ten U.S. Parents are also Caring for an Adult

About three-in-ten U.S. adults (29%) have a child younger than 18 at home, and 12% of these parents provide unpaid care for an adult as well. All told, these multigenerational caregivers provide more than two and a half hours of unpaid care a day, on average, according to a new Pew Research Center analysis of […]

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Borrowers’ Children Weigh in on Reverse Mortgage Successes

While reverse mortgage loan originators frequently receive feedback from their clients and the family members of borrowers, it’s not often that borrowers’ family members weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage borrowers shared their input with attendees—a […]

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