1-866-840-0279Retirement is one of the most important things you can plan for in life, yet many adult Americans find themselves unprepared as they near the end of their career. Seniors often find themselves wondering how much they need to retire and how long those retirement...
Nicole Hendrickson
How to Search for Unclaimed Retirement Benefits (And Find Them!)
TABLE OF CONTENTS Social Security benefits Previous employers’ retirement accounts Insurance benefits Other unclaimed sources of retirement funding Many seniors find planning for retirement difficult. While under ideal circumstances you might have saved money...
Current Reverse Mortgage Interest Rates (2020)
TABLE OF CONTENTS What is the interest rate on a reverse mortgage? What’s the difference between a fixed interest rate and a variable interest rate? What are other reverse mortgage costs? As you consider whether a reverse mortgage is right for your financial...
Paying for Senior Care: 5 Ways to Pay for Senior Living
TABLE OF CONTENTS Coverage through Medicare and Medicaid Private insurance coverage Investments and retirement savings Family & personal contributions Reverse mortgage benefits Takeaways As seniors progress through life, medical conditions may have them wondering...
7 Different Loans for Senior Citizens
TABLE OF CONTENTS Personal Loan Peer-to-Peer Loan Line of Credit Debt Consolidation Loan Car Loan Title Loan Home Equity Conversion Loan Retired life should be about travel, family, and leisure. Unfortunately, many seniors find that they are not financially prepared...
How to Estimate Expenses in Retirement
TABLE OF CONTENTS Housing costs Monthly food budget Healthcare plans and expenses Leisure and fun activities Supplementing your income to manage expenses Many people feel concerned about their sources of income during retirement and how best to save during the course...
Popular Posts
How Much Money Do You Get from a Reverse Mortgage?
Reverse mortgages are a great way to secure a steady stream of retirement income, whether as your primary source of funding or as a supplement to other forms of cash flow. However, given that many retirees plan to rely heavily on reverse mortgage proceeds to fund...
What Closing Documents are Needed for a Reverse Mortgage?
Reverse mortgages allow retirees 62 years of age and older to use their home’s equity for an additional source of income. This is a valuable financial tool for senior homeowners as it provides a reliable cash flow for them to enjoy their retirement to the fullest. To...
13 Reverse Mortgage Myths Explained
Myth 1: You won’t own your home anymore Myth 2: You’re required to make monthly mortgage payments Myth 3: Your children will be left with the debt Myth 4: To qualify for a reverse mortgage, you can’t have an existing mortgage Myth 5: You won’t be able to sell your...