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Reevaluating Reverse Mortgages

Reverse mortgages have been around for quite some time. The loans are marketed toward seniors (62 or older) who own a home and are looking for extra money to pay off a mortgage or finance a home. According to the U.S. Department of Housing and Urban Development, homeowners who...
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Senior Business Owner

Seniors Increasingly Becoming Successful Business Owners

Starting a new business can be pretty scary, especially if you’ve already built your brand in a totally different career field. For a lot of seniors, the standard 9 to 5 job isn’t as appealing as it once was. In fact, an AARP survey finds that 15 percent of workers between the...
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Warning Sign

U.S. Consumers Are Short on Retirement Savings

Federal Reserve data shows that nearly half of American families have savings for retirement. For one, a slow recovery from a lagging economy certainly doesn’t help. However, statistics from the Bureau of Labor Statistics show that over 60 percent of working individuals...
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