Posts Tagged ‘ senior finance issues ’

DOWNSIZING FOR FINANCIAL REASONS

Feb 21st, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

Problems With Retirement Income Fixed incomes in retirement can be a serious challenge for retirees to manage. Most of us were used to our income fluctuating, generally increasing annually on our hiring anniversary date. If you stayed with the same company/agency/employer, you may also have been the beneficiary of an annual bonus, cost of living [...]



PROS AND CONS OF REVERSE MORTGAGES FOR SENIORS

Feb 11th, 2013 | By Sharon Shaw Elrod MSW EdD | Category: Senior Finances

What is a Reverse Mortgage? Reverse mortgages can be rather confusing for seniors. And they are designed uniquely for seniors. Consumer Reports says this about RMs: “A Reverse Mortgage is a popular but complex home loan just for senior homeowners. If you qualify for a Reverse Mortgage, you will not have to make monthly payments [...]