Experts Tout Benefits

Experts Tout Benefits of Reverse Mortgages to Financial Planners Reverse Mortgages are not looked at anymore as a bad thing, but a longevity tool. Several Ivy League economy colleges have study groups looking for ways to take care of our aging. A Reverse Mortgage can benefit by supplementing your retirement income. As finances are uncertain…

Rising Healthcare Costs Key Factor in Planning Retirement I have been studying this for my family and am not surprised, but for those who don’t know know staggering heath care costs can be, they can take out savings in one year. As long term care costs have risen 3% from 2017 to 2018, seniors need…

Home Equity Crucial to Health Care Planning as Costs Rise 4% Each Year I see this problem once a week and at in my own family. When health care, especially many hours of in home health care are needed, you can look at $300,000 in your portfolio and wonder how you will make it?? This…

21% of Boomers Lack Savings for One Month’s Savings We want to keep people aware that they aren’t alone when it comes to not being ready to retire. Yet another poll reveals that all generations feel unprepared when it comes to retirement savings — with 21% of baby boomers lacking adequate savings to cover one…

78% of Seniors Own Homes Outright, But Some Struggle with Upkeep Financial Planners and some of the financial community have embraced the newer safer Reverse Mortgage because our seniors are living so long, but the retirement account cant keep up. The vast majority — 78% — of homes in the U.S. headed by someone age…

Bad news: Your 401k won’t give you a decent retirement I wont ever forget a man in Huntsville, AL. Most of my clients are military and very smart. He had planned for retirement just as most people did. He came to see me and told me that his 401k was to last him to age…

Merrill Lynch: Financial Planning Can Ease Burden for Widows I had just written a blog about this type occurrence this morning. If a spouse died or goes into a nursing home, it can put a tremendous financial strain on the other spouse. Financial Planners are just catching on that this can supplement income rather than…

I have noticed a tremendous upswing of clients who went to their bank, credit union, or financial planner to ask who does Reverse Mortgages? Usually they find me because a friend was a previous client or the internet. I just simply want the local Birmingham and Huntsville Bank, Credit Union, and Financial Planner to be…

Outliving savings This morning I was listening to a Reverse Mortgage podcast and it really stuck a cord with me; out; outliving savings I think most people ignore the fact they will outlive savings with modern medicine or think something else may help. But if you are like me without a company 401k. You can…

You’re Approaching Retirement and in Debt, Now What? A Study by the Employee Benefit Research Institute indicated that nearly 70% of retirees have debt and nearly 50% of retirees over the age of 75 are still managing debt. by Stuart Welch of Birmingham and Birmingham’s Al.com. Managing cash flow during retirement is tough enough without…