Americans are Unprepared to Pay Long-Term Care
Americans are Unprepared to Pay Long-Term Care Americans are Unprepared for the Realities of the Long-Term Care They May Need as They Age
More Seniors Work in Retirement
More Seniors Work in Retirement Many Older Americans Say They Plan to Work in Retirement According to a study by Transamerica 82% of aging adults say they plan to work past age 65, or don’t plan to retire at all.
Aging American’s Worries
Aging American’s Worries Poll Reveals the Worries of Aging Americans The 2015 United States of Aging Survery polled 1,650 adults over 60 about their top concerns. Among their biggest worries: 28% cite an increase in the cost of living 24% cite unexpected medical expenses 58% have lived in the same residence for more than 20 years […]
WSJ: Reverse Mortgage Could Help Boost Retirement Income By 30%
The Colorado Mortgage Doctor wants you to know how a reverse mortgage can help increase your retirement income. To find out how to increase your income by 30%, call The Mortgage Doctor today! (719) 266-5500 Published in The Wall Street Journal | March 6, 2015 Taking out a reverse mortgage could help increase retirees’s annual […]
Older Americans Need Reverse Mortgages
Given that older Americans’s homes are worth, on average, more than their other combined savings, there is a begrudging inevitability about reverse mortgages. As more people enter retirement in the coming decades with modest savings and no private pension, they’re going to need some of that home equity back during their increasingly long lives. – […]
Senior Income Takes a Hit
$16,000 – The medium income of US retirees $31,000 – The median income of an American worker How can you overcome this difference? With a Colorado Reverse Mortgage. Call Steve today! (719) 266-5500
Retirement by Numbers
The statistics below are horrifying, but this doesn’t have to be you. There are things you can do to make sure you will be okay. Your 1st step is to call Steve today, and let him take a look at your situation. Steve can help! 62 – average retirement age 18 – average length of […]
Bankrate: Can you use a Colorado reverse mortgage to buy a home?
Over the years, celebrities such as Robert Wagner, Alex Trebek and Fred Thompson have touted reverse mortgages as a way to supplement a senior’s fixed income by tapping equity that has accrued in their home. But here’s another, less common use of reverse mortgages that these celebrities may not have mentioned in their commercials: buying […]
BankRate: 1 in 4 Americans have no emergency savings
Did you know? According to a new Bankrate.com report, 26% of Americans have no emergency savings fund. This is about 1 in 4. Many consumers have taken the slight improvement in the economy as their cue to spend more and save less. “Americans continue to show a stunning lack of progress in accumulating sufficient emergency […]
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% […]
Retirement Stats, July 2014
You mortgage is a big part of your retirement plan. If you want to buy a home, refinance, or get a reverse mortgage, call Steve, The Mortgage Doctor. He’ll help you figure out the best way to make sure your’e in the 50% of Americans who have a retirement plan. Call today! He’ll talk to […]
WSJ: Reverse Mortgages Can Benefit Retirees, Both Wealthy and Not
Published on WSJ.com | August 16, 2013 | Written by Kelly Greene Move Can Help Retirees Keep Investments Until Right Time to Sell Reverse mortgages aren’t just for people struggling to keep their homes anymore. The loans also can work for well-heeled retirees looking for a buffer to keep them from selling investments at the wrong […]
Reverse Mortgages: I Outlived my Retirement Plan
In NRMLA’s July-August 2013 Reverse Mortgages, Marty Bell tells the story of Larry and Helen, who outlived their retirement plan. Larry and Helen took a responsible approach to planning their retirement. Both Larry’s older and younger brothers died prior to 50 and so Larry decided he was going to retire from his sales manager position […]
RMD: Even With Reverse Mortgage, Half Are Unprepared for Retirement
Published by Reverse Mortgage Daily | November 6 2012 | Written by Elizabeth Ecker Even when they do utilize a reverse mortgage as a means to improve their retirement picture, more than half of households are at high risk of not being able to maintain their standard of living in retirement. This is the finding […]