Social Security

Today, many of our retired seniors are struggling to make their money last from month to month as inflation has taken a big chunk out of their monthly income! And, many don’t have enough saved and rely solely on Social Security to get by. According to a Federal Reserve study, only 54% of Americans have…

Mortgage Rates and Housing. Federal Reserve Next Move: Brace Yourself for Real Estate Impact. Mortgage rates and Housing Video Reverse Mortgages have always been a god way to eliminate debt. Now with most seiors on a fixed income it has became unaffordable to live without maxing out crdit cards. Call Scott Underwood at ReverseMortgageAlabama at (205)…

BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’ KEY POINTS In his annual letter to shareholders, Fink called the decreasing ability to retire in a financially sound way one of the biggest economic challenges of the mid-21st century. “Today in America, the retirement message that the government and companies…

6 smart ways to tackle debt in retirement If you’re struggling to pay off high-interest debt in retirement, the following strategies may be worth considering: Retirement is a time to savor the fruits of your labor, but if you’re facing looming debt, it can cast a shadow on your golden years. And, if that debt comes…

Birmingham and Huntsville Alabama Reverse Mortgage information

Reverse mortgages explained As long as there have been homes for sale, there have been financial vehicles designed to alleviate some of the financial pressures associated with owning a home. A reverse mortgage is another way homeowners can borrow money based on the value of their homes, but it doesn’t need to be repaid as…

3 Signs You May Be Headed for a Disastrous Retirement A really low savings balance could limit your spending power. An early Social Security claim could leave you cash strapped. A refusal to work might leave you not only low on funds, but bored senseless. The $21,756 Social Security bonus most retirees…

Using a Reverse Mortgage to Pay Off Debt For homeowners 62 and older who have accumulated debts that create a financial strain, there’s another option beside traditional home equity loans or home equity lines of credit. It’s a reverse mortgage. You’ve probably seen TV commercials about it, but you may not understand exactly what reverse…

Hold onto your hats because it’s going to be a very big Fed week Markets will gyrate right up until the Fed announces its interest-rate decision. But don’t forget: Apple reports quarterly results on Thursday, and a big jobs report lands on Friday. It may be too much to say the week coming up is…

Changes to Medicare Advantage Improvements in health equity: There are three key changes for 2024 designed to improve access to healthcare and overall experience under Medicare Advantage. Enhanced provider directories: Advantage plans must now update their provider directories to align with Medicaid standards. Directories will now include information about providers’ cultural and linguistic capabilities, making it…

The traditional reverse mortgage business model has shifted, but is that good? Industry professional Jarred Talmadge explores how the reverse mortgage business model has changed, but questions if that’s for the better? If you listen to the more traditional business mortgage voices, they are talking about untapped markets and underserved clients. They talk about how…