Retirees may be turning to home equity to finance healthcare shocks: report
Despite not planning to, retirees appear to tap home equity often to address a healthcare-related financial shock according to a new research brief.
Retirement
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Despite aging-in-place preferences, senior support services are in short supply
Older Americans want to age in place in their own homes, and they also want to remain in their current communities. But these desires could clash with a reality that many communities across the country simply don’t have the resources to support seniors,
Famed encyclopedia highlights ‘sandwich generation,’ recognizing importance of senior caregiving
Britannica, the English-language encyclopedia that has roots as far back as the 1760s, recently highlighted a phrase familiar to the reverse mortgage industry — the “sandwich generation” — in recognition of the growing importance that caregiving for older relatives will have as the global population grows older.
WalletHub says these are the best states for retirees
Personal finance website WalletHub this week released its rankings of the best and worst states to retire in 2025. It determined that Florida, Minnesota and Colorado are the friendliest states for retirees, while Mississippi, Louisiana and Kentucky are at the opposite end of the spectrum.
‘Silver tsunami’ could propel change at low-enrollment WA college
A state senator in Washington wants to close a low-enrollment college and transform it into a health sciences campus, citing the “silver tsunami.”
Nearly half of retirees worry they’ll outlive their savings, while 25% are burdened by housing costs
A survey of 1,000 retirees shows that many have severe savings shortfalls, can’t enjoy retirement and are burdened by housing costs.
Reverse pro turned customer shares insights gained from the other side of the table
Tim Nelson of VIP Mortgage goes into specific aspects of making the transition and the potential use cases for the loan as part of his retirement plan.
HECM line of credit option continues to dominate with 93% share
The HECM line of credit is the most-used payment option for most of the past decade, a trend that continued in FY 2024.
Johns Hopkins: Long-term care must be expanded to support aging in place
A recent study authored by researchers at Johns Hopkins University’s Bloomberg School of Public Health suggests that the integration of health, social services and community-based support systems must be improved to better accommodate the desires of older Americans to age in place in their homes.
As boomers retire with record housing wealth, finding accessible housing is a challenge
Despite being the beneficiaries of historic increases in home-price appreciation during and after the COVID-19 pandemic, older baby boomers — many of whom are approaching the age of 80 in 2025 — are now finding themselves challenged by a dearth of housing inventory that can best accommodate living in later life. This is according to […]