Reverse Mortgage and Airplane

WHAT DO A REVERSE MORTGAGE AND A LEGENDARY AIRPLANE HAVE IN COMMON? In early 1942, the United States was at war with Japan. Lt. Colonel James “Jimmy” Doolittle had been given the responsibility of planning a raid to strike back at Japan for the Pearl Harbor attack. The bombing raid wasn’t expected to do a…

Everything you need to know about reverse mortgages. What is a reverse mortgage? At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. A reverse mortgage is a way for…

FINANCIAL ADVISORS. How to Become an Elite Financial Advisor: Practice (Business) Management Have you read something like the following roughly 1,237 times in the last few months? “Financial advisors are under immense pressure, particularly with the paradigm shift of 2020. They must provide value to their clients and differentiate themselves from other advisors.” We too…

Why some retirees could face reduced Social Security benefits unless Congress acts. The Covid-19 pandemic will prompt an unprecedented drop in one measurement, the Average Wage Index, which is used to determine Social Security benefits. Specifically, people born in 1960 could have lower retirement benefit calculations unless a fix is made. Congressional lawmakers have proposed…

How to Make Your Savings Last for Decades, According to a 96-Year-Old Retirement Expert Lots of retirement experts theorize about how best to plan for the thirty-plus years you hope to enjoy after hitting 65. When Jack Guttentag — who turned 96 last December — gives advice, he’s speaking from experience. Guttentag, an economist who…

As Markets Wobble, Will We See a Wave of Reverse Mortgages? Over the past three months, the stock market has been on a roller coaster. Investment portfolios have followed suit, which could be particularly concerning for those who are counting on those funds for retirement. For those close to retirement, a lack of savings may…

Birmingham and Huntsville Alabama Reverse Mortgage information

Reverse mortgage. Very useful and very misunderstood It’s very important to dispel one common misconception about the reverse mortgage. When the borrower takes out a reverse mortgage, he or she does not give up ownership of the home. As the Consumer Financial Protection Bureau points out, the borrower keeps ownership just like all other common…

The Homebuyer Scene. A Little Schooling Goes A Long Way for Homebuyers Homebuyer Education Courses Train Buyers to Find Affordable Loans, Too Obtaining an affordable mortgage is an art, not a science – especially for first-time buyers – and is just as important as finding an affordable house. Fortunately, homebuyer education – learning how to…

401-k Plans Have Reached Their Expiration Date The 401-k plans are as good as they can be under the current framework–and that’s not good enough. Revolutionary Thoughts. This article has been a long time coming. My views on 401-k have evolved over the years, but until now, always incrementally. My columns advocated this improvement, that change.…

How to Create a Retirement Paycheck Creating a reliable retirement income stream is complex but worth it. These tips will get you on the right path. Your expenses don’t end when your paychecks do, but creating a reliable income stream in retirement can be tricky. The right choices can result in sustainable income for the…