American - Journalist | 1974 -
It is almost always a bad idea to use a reverse mortgage to pay for a vacation or to buy a risky investment, like stocks or deferred annuities.
Charles Duhigg
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Cash from a reverse mortgage can be paid out in several ways, including a lump sum, a monthly payment, a line of credit, or a combination of those. If you do not need money right away, it is usually a bad idea to take all the money upfront, since it starts accumulating interest charges immediately.
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Older consumers don't want to be treated like teenagers; what's more, they don't want to believe they fall into any niche at all.
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Everyone dies, and before that, most people eventually lose some of their faculties. So some people worry that as marketers get better at targeting the elderly, the line between advertising and unscrupulous manipulation will be harder to discern.
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Teenagers ultimately don't mind belonging to a group, because there's always the opportunity to eventually become someone new. The elderly, by definition, are running out of opportunities for reinvention.
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Millions of people with respiratory diseases have relied on oxygen equipment, delivered to their homes, to help them breathe.
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As the nation's elderly population grows, dozens of industries have tried to harness the political might of older Americans for corporate goals.
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As America becomes an older nation, it is also, by some measures, becoming sicker.
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Massachusetts has prohibited most financial advisers from using titles like 'certified senior adviser,' and some of the largest insurers, including MetLife and Genworth Financial, have similar rules.
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Vast databases of names and personal information, sold to thieves by large publicly traded companies, have put almost anyone within reach of fraudulent telemarketers.
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Older Americans are perfect telemarketing customers, analysts say, because they are often at home, rely on delivery services, and are lonely for the companionship that telephone callers provide.
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In 2005, attorneys general of 35 states urged the Federal Reserve to end the unsigned check system.
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