national news stories
7 Traits for a good Financial Adviser
7 Traits for a good Financial Adviser Getting good financial advice isn’t just about stocks and bonds. It’s about the relationship and trust you have with your adviser. Here’s how to evaluate whether your professional is doing a good job and is the right fit for you. Thanks to steady technological advances, financial advisers now…
Read MoreSafer Reverse Mortgages
Safer Reverse Mortgages vs. New Alternatives As more alternative home equity tapping tools like sale leasebacks and shared equity products begin to enter conversations about retirement, more traditional reverse mortgage products are finding themselves in a more competitive environment. Originators don’t tend to see these products as threatening, but more traditional reverse mortgages may have another…
Read MoreHow Retirement Changes Your Identity
Harvard Business Review: How Retirement Changes Your Identity Studies show that people who are able to afford a full retirement – and who will also be healthy enough to enjoy it – are generally much happier in retirement since their working life is behind them, and they can instead spend their time doing the things they…
Read MoreNeed to know before retiring
Financial advisers share what near-retirees need to know before retiring Retirement is a monumental transition in a person’s life, and it shouldn’t be taken lightly. Every aspect of life is affected by the decision to retire, including relationships, health and wellness, and of course finances. Couples in particular are learning how to share their hopes…
Read MorePlanning for Retirement
Planning for Retirement Social Security Resource Center Savings & Planning Planning for Retirement. Survey: Paying Off Debt Is Higher Priority Than Retirement Funding AARP, Ad Council release new campaign to spur increased savings. Saving for retirement takes a back seat to paying off significant debt for Americans ages 40 to 59, according to a recent…
Read MoreSenior Poverty
Social Security Minimum Benefits Fail to Prevent Senior Poverty The Social Security program’s minimum benefit for retirees who have very low career earnings does not prevent a beneficiary in this category from staying out of poverty, and is continually being eroded because of a design flaw. This is according to a new research brief released…
Read MoreActive 55+ Communities
Active 55+ Communities Active 55+ Communities Present Growing Reverse Mortgage Opportunity. We know of many in Birmingham that people are using a Reverse Mortgage (HECM) Purchase to buy. I believe this to be a big way to save retirement funds from the sale of the last home. Lifestyle communities for residents over the age of 55…
Read MoreA Mortgage That Pays You
A Mortgage That Pays You. Your parents have spent years faithfully making monthly mortgage payments. Maybe it’s time to let that hard-earned equity give them cash in their bank account. I found this explanation in the Family Circle and thought to myself ” I continue to bring people Reverse Mortgage news, but usually it’s from…
Read MoreRetirees Prefer to Live Somewhere Else
Nearly a Third of Retirees Would Prefer to Live Somewhere Else When asked directly if they would choose to live where they currently reside in retirement if given the option to choose again, nearly a third of respondents said “no” in a survey conducted primarily with people aged in their 70’s or above. The survey,…
Read MoreMy nursing home horror story
My nursing home horror story In my line of work, I have seen and heard many nursing home stories. I have a lot of experience helping families use a Reverse Mortgage to supplement the cost of long term care or nursing home care. My recent experience is more disturbing that anything I had previously heard.…
Read More
