What happens to a reverse mortgage with Medicaid? By Karin Price Mueller | NJMoneyHelp.com for NJ.com Q. Does recovery of a Medicaid lien on a home take precedence over a reverse mortgage? Or even a regular mortgage? I could foresee a situation where someone would take out a reverse mortgage to cash out, figuring they would…
VA Benefits for Veterans and Their Caregivers What Is the VA?The U.S. Department of Veterans Affairs (VA) is an agency that provides benefits for military veterans and their families. The VA is composed of three main divisions that administer different programs and services: The Veterans Benefits Administration The Veterans Health Administration The National Cemetery Administration…
Brookings: Reverse Mortgages Should be More than a Niche Product Reverse mortgage products, while unlikely to become “a pillar” of American retirement, are economically justified “to play an expanded role in helping older Americans achieve a secure livelihood.” This is according to a new research paper released by the Brookings Institution, authored by researchers Martin…
The Benefits of In-Home Care for Dementia Patients Family caregivers are now better able to take advantage of services offered by home care companies. I certainly took advantage of these services throughout my time caring for multiple seniors, including my parents and an elderly neighbor. The biggest challenge I faced, though, was when I hired…
10 things real estate appraisers or home inspectors won’t tell you. Apprasiers. We’re working under a cloud. There are about 80,000 real estate appraisers in the U.S. and they play a key role in most home sales: Until they weigh in with a determination of a property’s value, the buyer typically can’t finalize a mortgage. (Appraisers…
How options for housing in retirement have evolved Don Garman, Founder and Chief Investment Officer at Mirador Capital Partners, predicts a changing financial landscape in years ahead and tells retirees that when investment returns aren’t necessarily able to ensure a comfortable existence in retirement alone, they may need other ways to supplement income. There’s one…
This Is What Life Without Retirement Savings Looks Like. Many seniors are stuck with lives of never-ending work—a fate that could befall millions in the coming decades. CORONA, Calif.—Roberta Gordon never thought she’d still be alive at age 76. She definitely didn’t think she’d still be working. But every Saturday, she goes down to the…
When It Comes to Social Security, 70 is the New 65 If you’re reading this story, you’re likely at least 50 years young. Yes, young — and I don’t mean it in the cutesy way that people sometimes talk about aging. I mean it in that living well into your 80s and beyond is no…
