Ease Burden for Widows

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…

Is Buying Parents house out of a Reverse Mortgage Considered a Transfer for Medicaid Eligibility Purposes? I have seen too many times where parents put their house into the kids name to try to avoid a 5-7 year look back. I found an article on a new spin that I thought i would share with you.…

Financial Columnist Changes Mind on Reverse Mortgages A financial columnist this week detailed the ways in which his opinion has evolved on reverse mortgages, moving from mild distrust to solid acceptance in certain scenarios. Writing for the San Antonio Express-News, columnist Michael Taylor noted that before digging into the products in response to a reader…

Are Reverse Mortgages Unduly Risky? We are seeing more and more financial planners in Alabama accept Reverse Mortgage help a senior have a better lifestyle. My clients now are usually millionaires. One financial planner told me that FINRA said years ago they approve and I have a fiduciary duty to tell my clients about everything…

Million in Retirement Savings Can Disappear in 11 Years I bring these articles to my blog to hep people understand that a Reverse Mortgage is not a last resort product buy any means. Now economists are trying to find ways to help people make it in to their golden years and even be able to…

Very Intellectual Client I received a call one day from a financial planner that he and his client were interviewing Reverse Mortgage experts for her Reverse Mortgage. I arrived and noticed a business card from the only person in the state that I consider as knowledgeable as myself. At that point I felt sunk, proceeded…

Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change. The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out…

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**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

Ease Burden for Widows

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