Since its introduction in 1961, the reverse mortgage has morphed from the loan of last resort into a valuable financing option used by more than a million households as a cornerstone of their retirement strategy.

Did you know that April 2 was International Fact Checking Day? Since there are so many misconceptions about reverse mortgages, it seems like the ideal time to lay them to rest and discuss how reverse mortgages can be a powerful financial planning tool — especially in today’s financial climate:

Here are some common reverse mortgage myths you may have heard:

• They’re considered a last resort when you have no other options
• This type of loan takes advantage of older homeowners

Retirement age is approaching, and you may be thrilled to leave the nine-to-five behind for good. But what happens when your finances don’t align with the lifestyle you’ve been envisioning?

Bottom line: it’s never too late to get your finances in order. As part of National Financial Literacy Month, here are five tips to help boost your financial wellness.

Each new year presents a new opportunity for a fresh perspective. Whether you’re approaching retirement, or your post-working chapter has already begun, it’s a great time to take stock of where are and where you want to be in the future. 

The holiday season is in full-swing — although things are not quite back to normal. 

From shipping delays to inflation, today’s lingering economic challenges brought on by the pandemic must be addressed to make the most of the festive season and to minimize the financial impact.