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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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How a Reverse Mortgage Can Reduce Retirement Risks

Retirement can come with a host of unanticipated risks, but a reverse mortgage can serve as a tool to manage those risks when used responsibly. This is according to writers Julie Iannuzzi  and Justin Ho in a new article posted to TheStreet. Keep reading…

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Going Broke Remains a Top Concern in Retirement

Running out of money in retirement remains a primary concern for those planning their transition out of work, with other major concerns being maintaining their lifestyle and the rising costs of healthcare expenses. This is according to the American Institute of CPAs (AICPA) and its Personal Financial Planning Trends Survey. Check it out…

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Driving the Home Improvement Market

Armed with record amountss of home equity and an expressed desire to remain in their homes as they age, older homeowners are driving the home improvement market. Check out the study…

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Advisors’ Game Plan for Long-Term Care

There’s an expense lurking on the horizon for retirees that is largely unpredictable but likely: Long-term care. With premiums skyrocketing on insurance policies designed to cover that cost, financial advisors are turning to a variety of other strategies to help clients prepare for a day when they might need help with daily living activities such […]

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Borrowers’ Children Weigh in on Reverse Mortgage Successes

While reverse mortgage loan originators frequently receive feedback from their clients and the family members of borrowers, it’s not often that borrowers’ family members weigh in publicly about their experiences. During the National Reverse Mortgage Lenders Association’s annual conference last month in San Francisco, several children of reverse mortgage borrowers shared their input with attendees—a […]

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Seniors More Comfortable Planning Funeral than Care

Although the demand for long-term care for America’s seniors continues to skyrocket, the number of seniors actually planning for it is not keeping pace. And while many older adults are beginning to make end-of-life plans, they are neglecting the years of life that are part of such arrangements. According to a new surveyi by Home Instead, […]

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Top 10 Reasons Seniors Choose Jumbo Reverse Mortgage Loans

Trends show that wealthy seniors are now taking advantage of their home equity as means for further investments. American Advisors Group (AAG), a leading provider of home equity solutions for retirement, today revealed the top 10 reasons seniors are choosing their Advantage™ jumbo reverse mortgage loan. The Advantage loan gives affluent seniors access to their home […]

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