Tag: mortgage
The negative financial consequences for individuals over age 50 who lose a partner are dramatic. A new study by Ohio State researchers found that the surviving partners see their credit scores drop by 10 points – a decline that persists for up to two years following the partner’s death. Further confirmation of the financial fallout…
The conventional wisdom for older workers heading into retirement is that owning a house is a good thing. The property has no doubt appreciated over many years, adding to their wealth. But new research finds that homeowners often strain to a pay a mortgage that is larger than what they can realistically afford. The essenc…
