How do dire predictions of Medicare and Social Security insolvency affect the reverse mortgage industry? It's potentially positive news for HECM professionals.
A century ago, most people passed away soon after they retired. Life spans were decades shorter than they are today, and people literally worked right up until the day they died. Today, when a retiree at age 65 can expect to live an additional generation or more beyond retirement, many
How some are surviving or thriving in a down HECM market “It’s tough to make predictions, especially about the future”, said baseball great Yogi Berra. Prognostications as how the reverse mortgage industry will recover and grow are often fall flat. An Industry initiative called “The Extreme Summit” set their sights
Once upon a 1099, it was called freelancing. The newest catchphrase is “gig economy“. But however one refers to flexible, part-time, independent contractor work, it seems seniors are piloting the ship: since 1995, those aged 55-75 with a bachelor’s degree or higher have been more likely than other groups to
Are you happy? It’s one of life’s perennial questions. The Declaration of Independence promises us the right to pursue happiness, but doesn’t guarantee its attainment. Instead, the Founding Fathers held out a carrot on a stick. Money, like love and happiness, is one of life’s carrots: sometimes elusive, always sought,
Despite challenges many reluctant to tap equity in retirement Older American homeowners find themselves beset by a variety of retirement landmines- exploding medical costs, uncertain markets and income security. Despite these challenges, retirees remain conflicted about tapping their home equity. Mortgage and financial professionals are well aware that the