While 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 readingAvoiding Ostrich Syndrome
From 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…
Continue readingIt’s About The Money
[ad#Network Funding]
Beyond Platitudes, What Retirees Really Want & Need
[vimeo id=”72504207″ width=”625″ height=”352″]
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..
HECM & the Differently Abled
As an experienced loan officer, you understand the nature of aging and support your senior prospects and client. But what happens when circumstances irreversibly change?
Continue readingA Clear Solution Already Exists
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 readingElders Are Hot — But That Can Hurt
Yes, elder power is hot these days: as the Boomers gray, marketers of every stripe view this rising tide as a business bonanza. And while senior buying power may be hot, if seniors themselves are feeling the heat, they could be in trouble.
Continue readingWhen Men Find Themselves Suddenly Solo
How 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 readingLater Life Discoveries: Part 1
Sheryl Sandberg, COO of Facebook and author of the new business handbook for women, Lean In, exhorts and supports women to go all the way to the top in their careers, to speak up….
Continue readingThe Ugly Side of Retirement
There’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 readingRetirement Planning? Employees On Their Own
Now 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 reading