Social Security is only designed to replace about 40% of the average retiree's income, leaving two options - either dramatically reducing the retiree's standard of living, or getting creative and obtaining additional income from other sources....
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The National Reverse Mortgage Lenders Association created "What You Need to Know About Your HECM After Closing" to answer questions reverse mortgage borrowers, and their heirs, may have about their FHA-insured Home Equity Conversion Mortgage....
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There are two savings crises among American households: short-term and long-term. In the here and now, a recent Bankrate study found that most adults do not have enough stowed away in a savings account to adequately protect them from going into debt should disaster (lost job, health scare) occur. And then, there's retirement. ...
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A recent study from life insurance provider Northwestern Mutual revealed that approximately one-third of those surveyed have less than $5,000 saved for retirement. ...
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The Administration on Community Living published Profile of Older Americans: 2017, an annual summary of the latest Census Bureau data on America’s aging population, and a resource for all professionals who are interested in the changing demographics of the 65+ population....
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