NY Times: Five Year Retirement Plan Must Consider Reverse Home Loan

A recent New York Times article offers a concise 5-year countdown-to-retirement plan, with the final year of the timeline being the time to –cautiously – consider a reverse mortgage. Offered as a way to make ends meet if you’re planning to stay in your current home, reverse mortgages are a “fourth- or fifth-tier line of…

FHA Commissioner: Home loan insurance premium cut not most likely in 2018

The Federal Real estate Administration broke a Secretary Ben Carson, informed reporters that the decline in the FHA’s reverse home loan portfolio more than balance out a boost in forward home loans in 2017, which resulted in the decline in the general capital ratio.The FHA’s reverse mortgage portfolio is unstable and has actually swung backward…

How retired people are hanging onto their wealth

Most wealth held by retired people is likely to be bequeathed to future generations rather than spent, research has found. But younger generations may not actually see their inheritance until they are older themselves – because people often pass their wealth to their surviving spouse before it filters down. The study, which focused on England,…

Life Balance, Job Complete Satisfaction and Retirement

As employees reach their 50s and 60s, they frequently grapple with 2 huge concerns: work/life balance and job fulfillment. 2 brand-new research studies, presented at the 2017 Retirement Research Consortium Satisfying I recently went to in Washington, D.C., use some interesting insights on them.When Work/Life Balance Concerns Are Too Much In their paper,Work-Life Balance and…

New Research Study Reveals Advantages of Focused Retirement Planning

Inning accordance with projections made by the U.S. Census Bureau, the country will experience a surge in the number of people facing the prospect of retirement. By 2030, at least 20 percent of the overall population is anticipated to be age 65 or older. This means that retirement planning is poised to become a larger…

The Rodney Dangerfield of retirement planning

Aging boomers probably keep in mind Rodney Dangerfield as the comedian who lamented, “I do not get no regard.” Are reverse home loans the modern equivalent in the retirement preparation world?According to a current brief from the Boston College Center for Retirement Research Study(CRR), middle-class Americans age 65 to 69 have more or equal wealth…

The advancement of retirement

If I were to return to school, I think I ‘d study retirement. That probably sounds uninteresting to some of you, but I find the subject interesting. No joke: My bedtime reading recently consists of books like by Wiliam Graebner.You see, retirement is a relatively current principle. It’s just really possible in rich countries with…