What’s the Truth About Reverse Mortgages? We Want to Hear from You!
A quick Google search shows just how polarized our opinions about reverse mortgages are. If you start to type in “Reverse Mortgages,” you will be greeted with the following auto-completion options: Read More
Tom Selleck Says Reverse Mortgages Aren’t Giving Away the Farm – Do You Agree?
Are reverse mortgages simply a way for greedy lenders to take the homes of unsuspecting seniors? Or are they a legitimate tool that can help people our age to stay in their homes, while having a better quality of life in retirement? These are the questions that ran through my head as I watched the new American Advisors Group (AAG) commercial, featuring Tom Selleck. Read More
How to Finance a Home Purchase with No Mortgage Payment
If you’re an American homeowner 62 or older, you can potentially finance a home purchase without a mortgage payment. How? With a home equity conversion mortgage, or HECM (often pronounced heck-um by industry insiders)…
Read More8 Ways to Declare Your Financial Freedom When the Clock Strikes 55
Ladies, as we celebrated the freedoms of our nation on July 4, I encourage you to look at how to create financial freedom in your life. Money is a tool to be used creatively and constructively to build families and communities. Your self-worth is not your net-worth…
Read MoreHow to Gain Financial Empowerment in Your 60s
Your 60s are a time of tremendous change. You may be preparing for retirement, entering retirement or recently retired. It’s a time where your finances may also be changing; a crossroads of sorts. So, what can you do with your finances…
Read MoreHow Much Do We Owe Our Aging Parents?
There are approximately 44 million adults in the United States of America caring for their aging parents. People are living longer. With this comes the stress of being older ourselves when our parents need a caregiver. Many people over 60 have found…
Read MoreDo You Really Need $1 Million to Retire? Maybe Not!
Women in their 60s are increasingly questioning if it makes sense to continue working. For a variety of reasons, including an increased focus on what’s most important in life, work is sliding down the list of priorities. With the help from stock…
Read MoreLong Term Care Guide
The American population is aging at a dramatic rate, and this trend is likely to continue for the foreseeable future, given demographic trends. The aging process is unique and looks different for everyone. However, as people age, many experience physical and cognitive decline. Sometimes, these declines are precipitous enough that the person may need additional […]
Read MorePaying for Long-Term Care: What Are the Options?
In my last Sixty And Me blog, Do You Need a Long-Term Care Plan? I noted there are three sources of money to pay for long-term care: your own money, government sources and insurance. Let’s look at the options we have when it comes to long-term care…
Read MoreDo You Need a Long-Term Care Plan?
Financial planning for retirement frequently ignores a huge subject area: planning for potential long-term care costs. Studies show that well over half of today’s 60-year-olds will eventually require some sort of long-term care. Yet, only about half of us…
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