For many older Americans, retirement signifies the achievement of a long-term goal. It marks the culmination of decades spent in the workforce, a new chapter for your family, and a time to open yourself up to new opportunities. And in 2024, we’ll see the biggest swell of Americans turning 65 – a year often considered as retirement age.1 This group has been coined “Peak 65” as they are the final and biggest group of baby boomers to turn 65 and will thus launch the largest wave of retirements in American history.2 Retirees may choose to use their newfound time to strengthen connections with love ..read more

Infographic: Using a Reverse Mortgage to Buy Your Retirement Dream HomeDownload The post Using a Reverse Mortgage to Buy Your Retirement Dream Home appeared first on Longbridge Financial, LLC ..read more

Welcome to “Ask the Pros” – where your questions meet the wisdom of those who understand the ins and outs of reverse mortgages! If you have questions about unlocking the power of your home equity, navigating the ins and outs of reverse mortgages, or making informed decisions about your financial future, you’re in the right place.  In this exclusive series, we tap into insights and expertise directly from our wonderful team members at Longbridge Financial who are helping to shape the reverse mortgage industry each day. Our team of seasoned professionals will field common questions, unravel ..read more

If you are one of the 4.1 million Americans set to turn 65 this year, you’ve likely given some thought to what this major milestone means to you.1 Although age 65 is no longer considered the standard “retirement age,” it’s still an important age to keep in mind. This birthday is a time for introspection and planning for the years ahead.   From financial preparedness to healthcare considerations and lifestyle adjustments, this landmark birthday may also be significant for more personal reasons. Whether you’ve achieved your career goals, successfully raised a family, or fulfilled other ..read more

For the third consecutive March, Longbridge is honoring National Women’s History Month by highlighting the lives and achievements of our women leaders in our “Ladies Who Lead” blog series. The women’s history theme for 2024 is, “Women Who Advocate for Equity, Diversity and Inclusion.” This initiative not only celebrates the invaluable contributions of ladies in leadership roles at Longbridge, but also aligns perfectly with this year’s theme, shining a spotlight on those who advocate for creating environments where women feel valued and accepted regardless of their background or identity.  ..read more

For the third consecutive March, Longbridge is honoring National Women’s History Month by highlighting the lives and achievements of our women leaders in our “Ladies Who Lead” blog series. The women’s history theme for 2024 is, “Women Who Advocate for Equity, Diversity and Inclusion.” This initiative not only celebrates the invaluable contributions of ladies in leadership roles at Longbridge, but also aligns perfectly with this year’s theme, shining a spotlight on those who advocate for creating environments where women feel valued and accepted regardless of their background or identity.  ..read more

For the third consecutive March, Longbridge is honoring National Women’s History Month by highlighting the lives and achievements of our women leaders in our “Ladies Who Lead” blog series. The women’s history theme for 2024 is, “Women Who Advocate for Equity, Diversity and Inclusion.” This initiative not only celebrates the invaluable contributions of ladies in leadership roles at Longbridge, but also aligns perfectly with this year’s theme, shining a spotlight on those who advocate for creating environments where women feel valued and accepted regardless of their background or identity.  ..read more

Longbridge Financial is delighted to announce that our very own CEO and Founder, Chris Mayer, has been named one of the Top 25 CEOs in New York for 2024 by Key Executives. As the state with the highest number of businesses and revenue across various sectors, New York demands exceptional leadership and innovation from its CEOs. Key Executives shared, “The awardees were chosen from a pool of highly competitive nominations submitted to Key Executives. Winners were chosen based on exceptional and unique qualities and accomplishments.” Longbridge takes immense pride in having Chris at the helm. The ..read more

Content updated as of February 28, 2024 According to a recent study, healthcare costs are the top spending concern of American retirees1 – and justifiably so. For most Americans, health care is expected to be one of the largest expenses faced in retirement, alongside housing and transportation. In fact, Fidelity’s Retiree Health Care Cost Estimate found that the average retired 65-year-old couple can expect to spend around $315,000 on healthcare expenses in retirement.2 What’s more, an average healthy 65-year-old couple who retired in 2023 will likely use as much as 70% of their lifetime Socia ..read more

The countdown to Tax Day, April 15, has begun! From gathering receipts and documents to navigating complicated tax codes, it’s natural for this time to feel overwhelming. Taking your time and creating an organizational system to use throughout the year can help reduce stress and streamline your tax process come the deadline. For questions about specific finances, we recommend consulting your CPA or trusted tax professional. However, to help you navigate tax season, we’ve gathered some relevant tax-related information specific to reverse mortgages – also known as Home Equity Conversion Mortgage ..read more