Retirement is a time for relaxation, travel, and enjoying the fruits of your labor. However, many people find themselves struggling financially during their golden years due to inadequate retirement savings. The average retirement savings for Americans in 2023 is estimated to be $142,893. While some cost of living can be supplemented with Social Security, the
We spend our whole lives trying to accumulate net worth. And for many people reaching retirement, a significant portion of their net worth is tied to their home equity. But is this still the best way to go? Should seniors be looking to protect their home equity? Or is it a good idea to tap
Reverse mortgages have fallen victim to negative perceptions for years. It’s understandable. The early days of reverse had many of us believing that the benefit of a reverse mortgage was only for seniors who were struggling with finances and needed a quick way to get cash. But those days are long gone. Now, we’re seeing
A year after the onset of COVID, we are just beginning to understand the economic and social impact on many areas of our lives. One of those areas involves seniors, their relationships to their homes, and their expectations & ability to fund retirement. The impacts are reported in a recently completed survey of 1,500 American