Texas Seniors Guides

Most people recognize that dancing provides the body with many health benefits.  For decades, dancing has proven to be an excellent mode of cardiovascular exercise.  Now studies reveal that dancing provides even more significant health benefits.  Frequent dancing can apparently make one smarter.  A major study by the National Institute on Aging indicates there is growing evidence that warding off dementia can be attained by dancing.  A wide range of physical activities have been closely evaluated, including dancing.  The principle objective was to determine if any of these activities would truly benefit mental acuity.  The tests ranged from playing cards, reading books and doing crossword puzzles.

If you’re like most people near or in retirement, you’ve built a significant amount of equity in your home.  Many years of monthly mortgage payments have resulted in either a home you own free and clear, or one in which the principal balance is very low.  A reverse mortgage lets you tap the cash right under your roof to supplement retirement income.
How does a reverse mortgage work?  Homeowners who are at least 62 years of age can convert part of the equity in their homes into tax-free income – without having to sell the home, give up the title, or take on a new monthly mortgage payment.  The reverse mortgage is aptly named because the payments are reversed.  Instead of making monthly payments to a lender, a lender makes the payments to you.