The data is in and reveals that Increasingly older Americans are struggling to cover their housing expenses as the cost of everyday goods and services is 20% higher than it was in 2019. While the pace of inflation has slowed the new cost of living is further eroding the ability of older adults to age in place.

Seniors may seem frail, but messing with them is never a good idea. Though their bodies have aged, their minds are still sharp as a whip, and their lengthy life experience gives them an upper hand in many situations.

The following letter was sent to a bank manager by an 86 year-old woman after her check bounced, and he thought it was so funny that he sent it to the New York Times to publish. The letter is sure to bring a smile to your face and serve as a reminder that messing with older people is a very bad move indeed!

Here’s the full letter:

Still Paying Off Your Mortgage in Retirement? Many of us aspire to retire early, but few ever accomplish that goal. The things we do in our professional life are often driven by the age in which we retire. Until we get there, our investments, savings, and other life choices dictate the reality of these goals.

“Don’t put off until tomorrow what you can do today.” -Benjamin Franklin

What is Home Equity? Home equity is the difference between the balance on your mortgage and your home’s current market value. For example, if you owe $90,000 on your home loan and your property is worth $350,000, your home has $260,000 of equity.

💗 “There’s nowhere else I’d rather live.–Linda”💗 Watch her testimonial today. Linda worked with her mortgage broker to learn how a reverse mortgage could help her actually save money each year even after she paid off her mortgage, paid off most of her credit card debt, and even set aside cash for emergencies that is earning interest.

The Transamerica Center for Retirement Studies has found that approximately 40% of retirees move after retirement. Here are 15 tips for successfully downsizing for retirement. Relocate for a profitable, comfortable and happily ever after!

Staying in your own home as you grow older offers many benefits. For most, it means a stronger sense of safety, comfort, and independence, and it also affords you more privacy. Though the renovation costs may be high, aging in place can often be cheaper than an assisted living facility would be — especially if you plan ahead.

For baby boomers who manage their own nest eggs, a risk is looming that has nothing to do with stock prices or interest rates. The risk is cognitive decline, which can rob them of their judgment, often without much warning. One big mistake—or a series of smaller ones—can go unnoticed by loved ones, and potentially ravage a lifetime of hard-earned savings.

Can You Use a Reverse to Save Life Insurance Policies? Find out how to improve your cash flow by eliminating mortgage installments and other debts.

In this article, we’ve listed 10 resources that can provide valuable information and help to seniors maintain dignity, quality of life, and independence while living at home as long as your living needs are met so you are safe, healthy, and happy.

Aging in place also can be more challenging than you might expect. While most seniors say they want to age in place, a much smaller percentage of them actually manage to accomplish it, studies show.

44% to 51.5% of people over 70 who apply for a long-term care policy are declined by insurers. But, many seniors who want to purchase LTC policies could not afford them. So, I started to research if there was a product that could help senior homeowners afford the kinds of LTC products that they wanted. This is what led me to the reverse mortgage product.

Although these seven steps sound like a tall order, putting such a plan into practice is like a rejuvenation visit to a spa!