Reverse Mortgages Provide Alternative to LTC Insurance A recent article in Financial Advisor Magazine states, “In instances where long-term care insurance isn’t an option for older adults, advisors should consider recommending a reverse mortgage, taken as a line of credit. “Clients over age 60 may have missed the window to purchase affordable long-term care insurance,” […]
MarketWatch: 10 Things Retirees Won’t Tell You (and why a reverse mortgage could help them)
Today, MarketWatch came out with an article about what retirees are going through. The article by Catey Hill is clever and lighthearted, but also illuminates the tough financial position in which seniors in America find themselves. According to the article, 60% of workers aged 55 and older have saved less than $100,000 for retirement, while 24% […]
Seniors Underestimate the Cost of Long-term Care
from ReverseReview.com | March 27, 2014 A survey of affluent baby boomers revealed that on average, participants expect the cost of long-term care to reach about $36,220 per year. This estimate is way off base, as the cost of nursing home care alone is expected to reach $265,000 per year in 2030. To read more […]