A recent AARP survey finds that retirement is increasingly becoming a luxury.
Continue readingRetirement is becoming a luxury
Will young adults need a reverse mortgage to buy a home?
With home affordability at a historic low younger home shoppers may need a reverse mortgage to qualify…
Continue readingModern retirement problems require modern solutions
Society is still clinging to a retirement model that no longer exists
Continue readingAmericans are raiding their 401(k)s
Americans are raiding their 401(k)s at a record pace but older homeowners may have an option…
Continue readingAmericans are broke. Here’s where
More Americans are broke and living from paycheck to paycheck in these areas…
Continue readingPodcast #631: Forbes: Housing as solution for retirement crisis
Unable to use the embedded player? Listen here.
Show Summary
Forbes: Housing as a solution to the retirement crisis: ‘There are three pillars to retirement; your home, retirement savings and social security. Independently, none of these are adequate for the average American
Other Stories:
-
[From Open PR] Kyle Johnson, son of Nichelle Nichols, the iconic Star Trek star, filed a countersuit against his mother’s manager Gilbert Bell. The suit accuses Bell of elder abuse, theft, fraud, and additional charges related to Bell’s bilking Nichols of significant assets including appearance fees, her pension, Social Security, and her Woodland Hills, CA home.
The countersuit alleges that in 2012, Bell temporarily moved into a second house on Nichols’ property and continues to live in the house under a fraudulent lease and a succeeding invalid reverse mortgage.
- Final reverse mortgage rules adopted by the New York Department of Financial Services
Where Reverse Mortgages Fit in Modern Retirement Planning
“The idea that people can retire at 62 and walk around holding hands on the beach is not realistic”…
Continue reading