What People Over 50, Short on Retirement Savings Should Do to Prepare
If someone is over the age of 50 with less than $100,000 in retirement savings to his or her name, then there are a few key things that person should be doing to make sure …
home equity
Did You Skip Mortgage Payments Last Year? Here’s What That Means for Your Taxes
Amid the economic turmoil caused by the coronavirus pandemic, millions of Americans opted to pause their monthly mortgage payments. That choice could have implications for their taxes this year — and in years to come. …
Housing Experts: Reverse Mortgages Well Suited to Address Aging in Place Issues
The reverse mortgage program can be a very valuable tool for addressing issues related to aging in place in the United States, as well as circumventing some problems related to the spread of COVID-19 in …
7 Tax Benefits of Owning a Home: A Complete Guide for Filing This Year
What are the tax benefits of owning a home? Plenty of homeowners are asking themselves this right around now as they prepare to file their taxes. You may recall the Tax Cuts and Jobs Act—the …
Forbes: A Reverse Mortgage Can Help Pay for a Roth IRA Conversion
While likely only to work for wealthier individual retirement account (IRA) owners, using a source of nontaxable cash to fund an IRA conversion could be a viable choice for some retirees considering the currently low …
Kiplinger: Why Retirees Should Consider Using a Reverse Mortgage for Cash Flow
Retiring without having to make regular mortgage payments is a big dream for many retirees, but is becoming increasingly unattainable for many Americans looking to transition out of work. This is one of the core …
Retire Big And Go Home Happy
If you are a senior with plans for relaxation and leisurely days throughout your retirement, it’s time to start planning. While many of your contemporaries may be talking about downsizing during their golden years, that’s …
AP: Reverse Mortgage an Option for Seniors Suddenly in Retirement
An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in …
Can you refinance a mortgage while in forbearance?
On March 27, 2020, the federal government approved the Coronavirus Aid, Relief and Economic Security (CARES) Act, a $2 trillion relief package aimed to provide immediate help to families, small businesses, workers and homeowners. Millions …
Reverse Mortgage an Option for Seniors Suddenly in Retirement
An increasing number of unemployed people who identify themselves as “retired” have been thrown out of work due to the ongoing economic impacts of the COVID-19 coronavirus pandemic. For those who find themselves suddenly in …
