We've talked about older Americans and technology in the past, and here's another testament to the fact that those of retirement age are really making use of the latest technologies - from mobile phones to DVRs to the "simple" internet. Check out this short article from the New York Times article - it says that people over 65 "spent 47 percent more time than the previous year watching embedded video within social networks." That's a lot of growth!
There is plenty of useful information for you in the Wall Street Journal's online "Ask Encore" page from this weekend. First, AARP provides the answer to a reader's question on reverse mortgages: why aren't the interest charges and fees on reverse mortgages tax deductible? According to the answer from AARP, it's because with a reverse mortgage, the "actual payment" doesn't happen until the borrower sells their home or dies - so the borrower cannot claim a tax deduction until that point. Check out the page - the WSJ also tackles questions this week on Roth IRAs and inheritances.
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