Committed to expanding the traditional HECM market, S1L a Division of Reverse Mortgage Solutions. Inc. (“RMS”) is pleased to sponsor a task force of renowned academicians who will meet at the S1L home office…
Continue readingWhile workaholism has certainly taken a financial toll on some aging Boomers, the larger monetary issues revolve around profligate spending. Many speak of losing a huge chunk of investments in the stock market crash, living off credit cards, taking early withdrawal from pension funds for living expenses
Continue readingFrom choosing to relocate or age in place, to providing for future health contingencies, older adults have decisions to make as they step into their seniority. “Ostrich syndrome” isn’t a viable answer…
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Money makes the world go around…well at least for today’s retiree according to a recent study. The National Council on Aging or NCOA’s survey “The United States of Aging” shows 53% are more concerned about outliving their money than their health. Last week we discussed the long term care crisis and the reverse mortgage’s role. Unfortunately money and a retiree’s health and long term care go hand in hand. A popular quote reads..
When it comes to those seeking to solve the issue of senior’s aging in place perhaps on quote should be mentioned. “Sometimes we stare so long at the wrong things, we miss out on the RIGHT thing standing right in front of us”.
Continue readingHow do mean navigate later life alone due to divorce or, more likely, the death of a spouse. What makes the information most compelling is the voice of Suddenly Solo…
Continue readingThere’s an ugly side for many retirees who choose not to use a reverse mortgage out of fear or ignorance. The worst thing these unprepared individuals can do is to take viable options off the table…
Continue readingSeniors who have retired from a satisfying career often find new life and new purpose serving in a volunteer capacity.
Continue readingNow The Street confirms what those close to retirement age already know: when it comes to retirement planning, older workers are under funded. Which makes a reverse mortgage an attractive option.
Continue readingWith HUD’s lowering of the expected rate from 5.5% to 5.0% in 2010 we have smaller window of opportunity for borrowers who may choose to wait…
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