by Alex Spanko As the nation ages and the demographics within the ranks of older Americans begin to shift, today’s seniors are increasingly open to the idea of carrying debt. Almost half of retirees aged 75 and over had some kind of loan debt in 2016, according to an analysis from the Employee Benefit Research Institute (EBRI)…

 by Maggie Callahan As few future retirees feel secure about their savings for their golden years, financial and retirement experts recently gathered to create a more comprehensive plan for America’s seniors. The Aspen Leadership Forum on Retirement Savings joined together more than 80 financial researchers, policymakers, entrepreneurs, and others to address the rising retirement concerns…

by John Yedinak Across the globe, countries are facing an aging population that is unprepared to retire, and many governments are turning to reverse mortgages as an option to help fund longevity — the United States is no different. With 10,000 baby boomers turning 65 each day for the foreseeable future, the United States needs…

By Jessica Guerin For the last several years, the reverse mortgage industry has worked hard to build connections with financial advisors and educate them about the important role housing wealth can play in retirement income planning. But many reverse professionals say they often hit a roadblock because some broker-dealers prevent their advisors from discussing reverse mortgages…

By Maggie Callahan 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…

by John Yedinak The desire to remain at home during retirement continues to be extremely important to people as they age, according to a new report from AARP. The data, released last week as part of the senior advocacy group’s 2018 Home and Community Preferences  survey, shows that almost 80% of adults age 50 and…

by Maggie Callahan Senior home equity is continuing its upward march, with housing wealth reaching $6.9 trillion in the second quarter of 2018. Equity for homeowners 62 and older grew $130 billion over the first quarter of 2018, according to the most recent figure from the National Reverse Mortgage Lenders Association/RiskSpan Reverse Mortgage Market Index.…