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How to Fund Your Retirement in a Down Market

As an older American adjusting to the post-pandemic “new normal,” you may not only be looking at half-empty restaurants, airplanes, stadiums and cruise ships, but also a retirement picture that is quite different from last year or even just a few months ago. If you have money invested in an IRA or 401(k), you probably […]

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What Are the Disadvantages of a Home Equity Line of Credit?

A home equity line of credit (HELOC) can be a convenient way to borrow money. It can be much be less expensive than a credit card installment plan or personal loan. Also, with a HELOC, you pay interest only the amount of the line you use. Nevertheless, a HELOC also has some drawbacks you need […]

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Financial Remedies for When the Stock Market Goes Haywire

The first modern stock market crash occurred in 1907-08, precipitated by the 1906 San Francisco earthquake. To begin rebuilding the largest city and financial center west of the Rockies, the U.S. government furiously moved capital from East to West, when moving capital literally meant moving gold by ship or train. Other stock market crashes occurred […]

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How Do I Refinance My Reverse Mortgage?

If you have qualified for a reverse mortgage in the past, you should find the qualifying criteria similar for a refinance of your reverse mortgage. You must: Be 62 or older. Use the home as your primary residence. Have sufficient equity in your home. Demonstrate the financial stability to meet the loan’s ongoing obligations, such […]

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What You Need to Know About a Non-Borrowing Spouse

Since their introduction in 1961, reverse mortgages have been continually improved and strengthened, making them an even better financial option for older Americans seeking to live in the home they love while gaining extra cash for their retirement. One standout improvement has been increased financial protection and security for non-borrowing spouses. A non-borrowing spouse is […]

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Reverse Mortgage Age Requirement: When to Get a Reverse Mortgage Loan

When is the best time to get a reverse mortgage loan? If you are at least 62 (the minimum age for applying), the best time might be now. That’s because, included in a reverse mortgage’s many payout options is the reverse mortgage line of credit. By taking out the line of credit as close to […]

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Will a Reverse Mortgage Loan Affect Social Security?

Receiving funds from a reverse mortgage loan will not impact your Social Security.  Similarly, a reverse mortgage has no impact on Medicare. Both Social Security and Medicare are non-means-tested programs, meaning these public benefits are not dependent on your amount of income, savings, capital, or assets, including how much money you receive from a reverse […]

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A Message to Our Customers Regarding COVID-19

During these challenging times, we at AAG would like to provide an update to all our customers. First and foremost, we remain committed to helping older Americans maintain their financial well-being—now, more than ever—in the midst of uncertainty. To achieve this, AAG has taken many essential steps to remain fully operational during the COVID-19 pandemic. […]

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Homes and the Stock Market Crash of the 1930’s

October 29, 1929, known as Black Tuesday, lives in infamy as the day the stock market crashed. On this day, the booming stock market finally imploded and stocks tumbled in value. Many investors lost everything, and the economy took a severe hit. The Great Depression began, which would hold the United States in its grip […]

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How to Write a Memoir

A will or testament is a legal document where you can express how you want your property and assets to be distributed after your death. But what if you wish to distribute something even more valuable — your insights and observations drawn from your unique life experiences. If you have that desire burning inside you, […]

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