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AAG Changes Conversation Around Home Equity

After a steady period of increased home price appreciation, many senior homeowners now have a solid foundation of equity in their homes. For Baby Boomers entering retirement, tapping into their home equity with a Home Equity Conversion Mortgage (HECM), commonly known as a reverse mortgage loan, can enable them to stay financially secure in their […]

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Boomers Spend Big On Home Improvements

Home improvement spending continues to trend upward, with the latest data from Harvard’s Joint Center for Housing Studies putting the aggregate total at a new high of $424 billion. That’s up 10% from 2015 and a whopping 50% from 2010’s low. The home improvement sector can thank the Baby Boomers for that. Learn more…

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The New Academy of Home Equity in Financial Planning

When it comes to retirement planning, discussions about downsizing, refinancing, making renovations to the home to support aging, reverse mortgage loans are ignored in most financial plans. This void is shocking since home equity is typically the largest asset that most Americans have as they near and enter retirement. This is according to a group […]

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Existing Home Sales on the Rise

In May, existing home sales rose for the first time since March, according to the latest report from the National Association of Realtors. Total existing home sales – completed transactions that include single-family homes, townhomes, condominiums and co-ops – climbed 2.5% from April to a seasonally adjusted rate of 5.34 million in May. Sales were 1.1% below May 2018’s rate. Keep […]

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Social Security to Run Out of Funds in 2036

The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week by the Social Security Administration (SSA) and Cabinet […]

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Stock Investments, Retirement Savings at Risk

Americans are more financially prepared for retirement than they were just a few years ago, recent researchh found. One of the reasons for that good news might be bad. Many people approaching retirement age today are heavily invested in stocks, potentially leaving their savings vulnerable to the next recession. Check it out…

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Reverse Mortgage Safety vs. New Alternatives

As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves in a more competitive environment. Read more…

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Win Clients and Close Deals: Baby Boomers and the Silent Generation

Baby Boomers (age 53-71) are often in transition. Younger Boomers frequently move due to job relocation, while older Boomers are often preparing for retirement. Many Boomers have older children who are either leaving the nest or “boomeranging” back after college. And they are often at the point where their elderly parents need more attention and […]

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More than One-in-ten U.S. Parents are also Caring for an Adult

About three-in-ten U.S. adults (29%) have a child younger than 18 at home, and 12% of these parents provide unpaid care for an adult as well. All told, these multigenerational caregivers provide more than two and a half hours of unpaid care a day, on average, according to a new Pew Research Center analysis of […]

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The 55+ Housing Market is Booming

According to the latest from the National Association of Home Builders, builder confidence in the 55+ market reached 76 in the first quarter of 2019 – up six points from the previous quarter and the highest score since the index started more than a decade ago. Keep reading…

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