While Australia has one of the most robust government pension programs in the world many Australians are unprepared for retirement not unlike older homeowners in the U.S.
Continue readingAustralians Told to Monetize Their Home for Retirement
Since 2010 Social Security Benefits Have Lost 20% Buying Power
How have Social Security benefits kept up with inflation? With 97 percent of older adults (aged 60 to 89) either receiving Social Security or will it’s imperative to measure the impacts of inflation against Cost of Living Adjustments
Continue readingHere’s Why Few Financial Advisors Look to Housing Wealth
This may be why so many advisors ignore what is most often their client’s largest asset.
Continue readingThe Retirement Double-Whammy
Here are two forces that will squeeze retirees retirement savings pushing many to return to work or look to other assets…
Continue readingCondo Rules Quash Reverse Mortgage
Florida’s 2022 legislation for condominium maintenance and strict condo rules are quashing reverse mortgages.
Continue readingThe CFPB Bans Former HUD HECM Servicer
Last week the Consumer Financial Protection Bureau (CFPB) issued a consent order against former HECM servicer Novad Management and Sutherland Global seeking millions in civil and monetary damages
Continue readingSwapping Debt May Benefit Older Americans
Here’s the type of debt older Americans carry and how swapping that debt may benefit them in retirement.
Continue readingA Revolution in HECM Calculators
Lenderful Solutions has revolutionized the typical HECM calculator with its Point-of-Sale consumer interface. We interview Paul Lehnert to learn more about this powerful sales tool.
Continue readingUS Senator says Flood Ins. rate hikes endanger reverse mortgage borrowers
One U.S. Senator calls for reform saying flood insurance premium hikes endanger some reverse mortgage borrowers.
Continue readingF Stands for Fraud…and Family
F is for family and fraud with most elder financial abuse committed by family members.
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