Nicole Hendrickson

The Top Benefits of Aging in Place

TABLE OF CONTENTS What is aging in place? Why is aging in place important? What are some of the benefits of aging in place at home compared to other living arrangements? What is a Certified Aging in Place Specialist? What are specific modifications I should consider...

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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