Blog
5,
2017
Are harsh winters putting a chill on your retirement plans? If snow and ice are keeping you from year-round enjoyment of your golden years, perhaps an annual change of scenery is in order. While not for everyone, the lifestyle of a winter visitor, aka snowbirds, may be just the thing to heat up a conventional […]
14,
2017
Retirement is a great time to start a regular volunteering gig. Not only is it a great way to ward off some of the boredom and loneliness that can come with major life changes (like retirement), it’s also a way to help others and get to know your community. Here are some options you may […]
24,
2017
At Open Mortgage, it is our belief that we should all be on a journey to self-improvement. As we age, there are additional considerations to apply to this journey we call life, but the heart of it remains the same: How can I improve myself and, by extension, the world around me? Here’s some inspiration […]
17,
2017
We can’t predict our futures, but we can plan for contingencies, especially as we age. AARP’s research shows that nearly 90% of seniors wish to stay in their own homes as they age. After all, home is where the heart is, it’s where we find comfort and familiarity and often, the best location to grow […]
9,
2017
If you’ve found yourself in a house that has rooms going unused, or you’ve abandoned your sewing, crafting or model ship-building room, there are plenty of ways to get that square footage back to work. While some of these are easy to implement, others may take a little bit of preparation and foresight, but could […]
20,
2017
There is nothing quite like traveling across the country in an RV. For many seniors, the activity has long been on their “bucket list,” as there is never a better time to explore all that the United States – and possibly even Canada, Mexico, or wherever the road takes you. But living life on the […]
23,
2017
Retirement is meant to be a time of self-exploration, fun, and relaxation. You spent 40+ years working hard, and retirement is your reward for that hard work. Many seniors take advantage of their free time with vacations, especially cruises, which provide the ultimate escape from day to day life. There are many affordable cruises. But […]
2,
2017
Baby boomers: the ideal reverse mortgage candidate? According to newly-released government data, 32% of Americans aged 65 to 69 are employed—the highest percentage in 55 years. In addition, 19% of Americans aged 70 to 74 are still working, up from 11% in 1994. Economists expect even higher rates of working seniors in the coming decades, […]
5,
2017
Discover the Home Equity Conversion Mortgage (HECM), a remarkable tool that can provide seniors increased financial stability. This infographic breaks down: How seniors 62-and-up can strategically use the $6.2 trillion of equity stored in their homes Reasons why you or a family member might consider using a HECM The HECM’s wide range of payout methods […]
19,
2017
Reverse mortgages continue to receive positive publicity in the news media, this time from USA Today. In a recent article, titled “Want financial security? Home equity and retirement accounts are key,” reverse mortgages are described as being a critical part of retirement planning. Wade Pfau, professor of retirement income at The American College of Financial […]
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