The New York Times recently published new sobering statistics...
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How Long Can Retirees Expect To Live Once They Reach 65?...
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For better or worse, millions of retirees will receive long-term care services – not from an assisted living facility or home care agency, but from their adult children. According to the National Alliance for Caregiving and the AARP, 65.7 million informal and family caregivers provide care to someone ill or disabled in the United States, and the vast majority of people who need that care are elderly....
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The National Reverse Mortgage Lenders Association (NRMLA) is shining a new spotlight on elder abuse with the release of a new consumer brochure addressing this disturbing subject. The free brochure titled “Recognize & Report Elder Financial Abuse” provides resources and information for seniors and their loved ones on how to identify scams, fraud and exploitation aimed at the elderly, with information on where to report threatening and criminal behavior.
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The reverse mortgage is an ideal financial instrument for seniors. To give you some quick information about reverse mortgages, we put together an infographic to help you understand what a typical reverse mortgage borrower looks like, an example of how the reverse mortgage works and what the market opportunity in the U.S. looks like....
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