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Tag Archives: retirees

Here’s Why Retirees Should Rethink The Benefits Of Reverse Mortgages

Benefits Of Reverse Mortgages

If you have not considered the benefits of reverse mortgages, here’s some food for thought. New rules have changed the game altogether, protecting borrowers more than ever before. For example, the amount of money that you can take out during the first 12 months is limited. Spouses who are under ...

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14% Of Retirees Consider A Reverse Mortgage, New Study Finds

considering a reverse mortgage

Reverse mortgages have grown in popularity in recent years as more retirees seek to cash out their home equity and secure their lifestyle and financial freedom during their golden years. A reverse mortgage is a special kind of HECM loan that allows American homeowners age 62 and older to borrow ...

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Forget Downsizing – Many Home Owners Are Choosing To Buy Bigger For Retirement

downsizing retirement

The “boomerang” effect from the recent economic depression is the biggest reason. Let us explain. So much for the conventional wisdom of downsizing your home when you retire. A huge percentage of families are moving into bigger homes – many to make room for adult children who didn’t fare so ...

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“In Control,” Retirees Happy With Decision To Stop Working

Boomers-happy

Retirees happy with decision to call it quits, according to latest study. Some of the first wave of the baby boomer generation who’ve retired in the last five years say they’ve “felt in control” and therefore retirees are happy with decision to stop working. That’s the findings of the latest ...

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Social Security: How Are We Going To Cope With America’s Retirement Crisis?

Retirement-crisis-julaug

With a code red level retirement crisis around the corner, everyone has to act now to avert disaster. America has a looming retirement crisis. A big one. When half of today’s working families are at risk of not being able to maintain their standard of living when they retire as ...

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Why Older Americans Are Buying Homes ‘All Cash’ In Record Numbers

buying-homes-cash

A new study reveals that retirees are downsizing to smaller homes they increasingly purchase with all cash. Retirees and other older Americans fueled the sales of all-cash home purchases during the first quarter of 2014, prompting analysts to suggest that baby boomers are downsizing and buying homes in greater numbers. ...

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Retirement: In A Surprise, Florida And Arizona Rank Low In A New Study

Retirement-Golf-Arizona

How did Florida and Arizona rank so low in new best places to retire analysis? We all know retirees who have moved to Florida and Arizona or some other locale.  Just look at the nation’s migration patterns, and we see people flock to warm weather. But those sites with the beaches, ...

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Social Security: Americans Think They Know, But They Don’t

Social-Secuity-Understanding

Most people believe they understand how Social Security works—and they don’t. Americans know less about Social Security than they think they do. That’s the assessment of California-based Financial Engines, a defined contribution managed account provider that surveyed 1,000 retirees and near-retirees between the ages of 55 and 70. It found ...

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