Managing Your Money

  • Senior's reverse mortgage alternatives

    Oct 22, 2018 | Posted by the Editor, SeniorInsider

    One of the hottest topics among retirees appears to be a senior’s reverse mortgage. Assuming you are at least 62 years old and owe little to nothing on your home, you are likely eligible for a reverse mortgage which comes through the FHA and is typically known as an HECM, or Home Equity Conversion Mortgage. While the obvious upside to a senior’s reverse mortgage is the fact that you are given either a lump sum of cash or a monthly cash payment, with no monthly re-payments due, you should be aware of the significant drawbacks involved in a senior’s reverse mortgage before you sign on the dotted line.


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  • Reverse mortgage pros and cons

    Oct 22, 2018 | Posted by the Editor, SeniorInsider

    Researching reverse mortgage pros and cons are an important consideration when you are thinking of taking out a reverse mortgage. While you probably qualify for a reverse mortgage if you are over the age of 62, whether or not it is the right decision for you is another matter. Check out all the reverse mortgage pros and cons before you make up your mind, and get some expert advice if you have any qualms about the matter.

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  • 10 ways to reduce your monthly retirement planning budget

    Oct 22, 2018 | Posted by the Editor, SeniorInsider

    Retirement planning for seniors can be much more complex than you ever imagined, and it can seem that there just isn’t any money left at the end of the month. Even if you have already cut out the morning trip to Starbucks and stay home much more than you go out you may still be wondering how to stretch your retirement money. Take heart, because there are ways you can successfully reduce your monthly budget and make retirement planning a breeze. Retirement planning and making sensible budget cuts are best looked at from the point of cutting recurrent expenses rather than the occasional coupon discount.

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