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…

Originating Reverse Mortgages is often a heart wrenching reality. I think back on the people that I have helped over the years in my Reverse Mortgage experience. Some of the people stand out to me more than others for various reasons. I was just remembering a lovely lady that really made me cry when she…

Lifestyle Senior Mortgages There exists a propensity to look at reverse mortgages as only necessary for indebted seniors, but they are also a great way for savvy, well-heeled seniors to buoy their investment portfolios. “The one thing I disagree with is it’s not only a mortgage designed for people to pay off debt,” said Darlene…