1-866-840-0279Understanding Monthly Retirement Income Needs As you prepare for retirement, you may wonder if your savings are on track to maintain your quality of life while being able to pursue hobbies or travel with your increased leisure time. According to research by Boston...
Nicole Hendrickson
20 Things to Do in Retirement When You’re Bored
TABLE OF CONTENTS How can I enjoy retirement? Retirement Hobbies Retirement Boredom Busters Rewarding Retirement Activities Retirement Hobbies for Supplemental Income Budgeting for New Hobbies in Retirement After working hard all your life, the promise of abundant...
Forced Retirement: Can You Be Forced Into Retirement?
TABLE OF CONTENTS Evaluate your financial health Budget wisely Take advantage of unemployment benefits Look for health insurance Consider a reverse mortgage Search for another job Look for freelancing or consulting work Stop paying expenses for your adult children...
In-Home Care vs Assisted Living Facilities for Seniors
TABLE OF CONTENTS Assisted living Nursing homes In-home care Benefits of elderly living at home What are the costs of different long-term elder living arrangements? Paying for long-term care Whether you’re just beginning to think about retirement or you are starting...
Reverse Mortgage Taxes & Tax Implications
TABLE OF CONTENTS How does a reverse mortgage work? What are the costs? How does a reverse mortgage affect your taxes? Are the proceeds from a reverse mortgage taxable? Is interest paid on a reverse mortgage tax deductible? Do you have to pay property taxes when you...
2021 Reverse Mortgage Limits & Maximum Loan Amount
TABLE OF CONTENTS HECM FHA Mortgage Limits How do I receive my reverse mortgage proceeds? Every year, the Federal Housing Administration (FHA) sets lending limits on all FHA loans, including home equity conversion mortgages (HECMs). HECMs are the federally-insured...
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2 Ways You Can Pay Off a Reverse Mortgage Early
Paying Off Your Reverse Mortgage Early One of the biggest benefits of a reverse mortgage loan is that you do not have to start paying it off until a specified maturity event occurs. For home equity conversion mortgages (HECM), the most common type of reverse mortgage,...
5 Retirement Income Strategies to Generate More Money
5 Retirement Income Strategies Retirement can be a financially tricky time for many people. After a lifetime of work and, in many cases, consistent raises as you progress through your career, the shift to a fixed income is a challenge — especially if that fixed income...
Retirement Mortgages: How to Qualify as a Retiree
Understanding Retirement Mortgages Many retirees find that, in retirement, they wish to move into a new home. And, for most, that means seeking out a mortgage. A mortgage is a loan that’s used to purchase a home, usually offered through a bank or lending agency. ...