How can you perfect the art of eldering? CCE in Durango says you can do it with conscious choices and preparation. Everyone ages. Although we continue to gain experience and wisdom, we also begin to notice our bodies are not as strong as they used to be. Many of us are afraid of what this […]
80 million baby-boomers expected to retire over the next 18 years
The Journal of Financial Planning says that 80 million baby boomers expected to retire over next 18 years Unfortunately, the recent recession has eroded their retirement portfolio values, increasing retirees’s dependence on Social Security. The long-term solvency of the Social Security system, however, is uncertain. Thus, having alternative sources of retirement income is important. Reverse […]
Americans Are Living Longer
In 2012, life expectancy in the United States hit a record high: 78.8 years average life expectancy! If your savings is going to run out before your years, call Steve today! Local: (719) 266-5500 Toll free: (877) 299-5500
Most Americans Have Insufficient Savings
Retirees in 49 out of 50 states have inadequate funds to support themselves in their later years. Generally, retirees need 70 percent of their pre-retirement income to support themselves. Nevada is the only state that has seniors who report sufficient funds, according to a recent survey from invest.com. If you need more money to supplement […]
Jumbo Reverse Mortgages Revived
Published in BloombergBusiness.com | Aug 22, 2014 | Written by Alexis Leondis Jumbo lending isn’t just on the upswing for traditional U.S. home loans. It’s also being revived for seniors who want to borrow against the equity in their houses through reverse mortgages. Urban Financial of America LLC and American Advisors Group, among the five […]
ReverseReview: Senior Americans Trivia
These Trivia Facts are from the Reverse Review Roundup, June 2014 Trivia Fact #1 A survey reveals older Americans plan to purchase homes down the road. 50% of surveyed adults age 55 and older say they are looking to purchase a home in the future. “For the first time in years, Americans have a growing […]