Wise Reverse Mortgages Can Be a Saving Grace for Retirees
If, after considering other housing options, you have decided to remain in an eligible home or to move into a new home, you may want to consider a Home Equity Conversion Mortgage (HECM) – more commonly known as a reverse mortgage – as a source of retirement income.
Should You Downsize in Retirement?
One method for freeing home equity for other uses is to downsize your home as a part of moving. Downsizing could mean either moving to a smaller home, or moving into a similar-sized home in a less expensive community.
How to Age in Place
Originally published at Forbes Another important consideration for housing decisions, whether you decide to stay put or move, is to make sure a foundation exists to comfortably support aging in place. This concept refers to the growing industry around helping the aging population remain in their homes despite functional or cognitive impairments. Individuals benefit from […]
Should I Stay or Should I Go? Housing Decisions in Retirement
A plan to meet housing needs is an important part of a retirement income strategy.
Coverage Options for Long-Term Care Insurance Policies, Pt. 2
It is important to consider which expenses qualify for benefits.
Coverage Options for Long-Term Care Insurance Policies, Pt. 1
Both traditional and newer hybrid insurance policies carry a number of parameters and options to consider.
Hybrid Long-Term Care Insurance Policies
Attempts to combat concerns about traditional long-term care insurance have resulted in combination or hybrid products using an asset-based approach to fund long-term care.
Potential Concerns and Risks for Traditional Long-Term Care Insurance
The range of expenses covered by long-term care insurance varies, and it is important to understand what exactly is covered by a contract under consideration.
Two Options for Funding Long-Term Care
I discuss two options for funding long-term care: self funding and Medicaid.
The Continuum of Long-Term Care
Many receive long-term care at their homes or at community centers or adult day care centers. Institutionalized living is not always required, and proper long-term care planning may allow one to remain at home longer than otherwise possible.
