Aging News Alert

Financial Services

 
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Does A Revocable Living Trust Offer Lawsuit Protection?

A revocable living trust won’t protect you from lawsuits. Though a revocable trust doesn’t offer lawsuit protection, you have the comfort of knowing that you can change or revoke your living trust as often as you can revise your will. ,

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Investors Be Warned: Avoid the Cryptocurrency Fantasy

Despite the claims of their proponents, cryptocurrencies fail to meet the basic technical standards necessary for them to function effectively as currencies, according to GlobalData, a prominent data and analytics company.

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White Paper Reveals Gaps, Opportunities in Impact Investing

Jessie Smith Noyes Foundation, a leader in impact investing and social justice grantmaking, has just released the findings from its seven-month-long search for an impact investment advisor, shedding new light on this ever-evolving field.

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Most Americans Near Retirement Well Short of What They Need

A new Bankrate survey estimates Americans between 55 and 64 years old with retirement savings only have a median of $120,000 saved, which is only 12 percent of the $1 million many experts recommend.

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Senior Home Equity Grew by $121 Billion in Third Quarter

Housing wealth grew to $6.5 trillion for U.S. homeowners 62 and older in the third quarter of 2017, a 1.9 percent increase of $121 billion in home equity over Q2, reports the National Reverse Mortgage Lenders Association this week in a quarterly data release.

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Older Adults Especially at Risk due to Equifax Data Breach

The Equifax data breach is one of the largest in history, affecting half of the United States population and nearly three-quarters of consumers with credit reports. The stolen information contains sensitive personal data that can be used for identity theft, including Social Security numbe...

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Do You Know Where Your Data Are? Here’s Why You Should

Do you know where your financial data are being stored? And do you know who’s storing it and how? Those are questions that should have been addressed by thousands of Scottrade customers -- many of them seniors looking to boost their retirement funds.

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Study: Reverse Mortgage Misunderstanding Prevails among Seniors

Older homeowners have considerable financial worries, but most do not see tapping their home equity as a strategy for creating greater retirement security, according to the results of new research released by the National Council on Aging (NCOA) through its subsidiary NCOA Services, LLC.

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Advocacy Group Offers Free Family Equity Lending Guide

California Advocates for Nursing Home Reform (CANHR), a nonprofit advocacy organization dedicated to improving the choices, care and quality of life for California’s long term care consumers, releases its Home Equity Protection Program Toolkit. This is a free set of tools designed to help low-income seniors protect the equity in their homes. The Toolkit includes a Family Equity Lending Guide, a “do-it-yourself” alternative to exorbitant reverse mortgage loans.

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White Paper Examines ‘Financial Security for the Caregiver’

Aging News Alert readers may want to check out a new white paper from Merrill Lynch on caregiving and the impact it can have on women’s long-term finances – titled “Financial Security for the Caregiver.”

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