Self-Insureing for Future Long Term Care A recent column, “Should Federal Employees Self-Insure for Their Future Long Term Care,” discussed why some federal employees and retirees may want to consider self-insuring for their future long term care (LTC) costs. Some suggestions for self-insuring were made including an employee’s setting aside a portion of their Thrift…

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Housing market about to crash? Here’s what experts say Housing economists and analysts agree that any market correction is likely to be a modest one and not a full housing market about to crash. After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing…

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Here are 5 uncomfortable truths about retirement, that you really need to hear now. Especially if you want to retire early. Retirement is the true American dream. Sure, many might fantasize about striking it rich and becoming famous, but when it comes down to it, the real goal is to make enough money so that you don’t…

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I brought this to my news page to ensure my clients are able to keep up with things that may affect their decision. Wharton professor Jeremy Siegel warns the recession threat is growing – and stocks could struggle in the days ahead. Jeremy Siegel sees a rising risk of recession and a downbeat outlook for…

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 If You Need Cash in Retirement. Retirement & Financial Planning Report. FEDWEEK Reverse mortgages allow homeowners to tap home equity even if they can’t sell their home; this can supplement retirement funds.  While hopefully your plan for funding your retirement will provide what you need, you may find that you have needs for cash that…

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Should you use a reverse mortgage to pay for long-term care? Someone turning 65 has nearly a 7-in-10 chance of needing long-term care in the future, according to the Department of Health and Human Services, and many don’t have the savings to manage the cost of assisted living. But they may have a mortgage-free home…

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Reverse Mortgages and retirement planning. Understanding how reverse mortgages can add value in retirement planning requires an understanding about the peculiarities of sequence-of-return risk that the reverse mortgage can help to manage. When combined with a long retirement, sequence-of-return risk can lead to some potentially unanticipated outcomes regarding what types of strategies may work to…

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To Reduce the Risk of Retirement Portfolio Exhaustion, Include Home Equity as a Non-Correlated Asset in the Portfolio.  By Philip Walker; Barry H. Sacks, Ph.D., J.D.; and Stephen R. Sacks, Journal of Financial Planning: December 2021 Executive Summary Financial planners have long regarded diversification and asset allocation as essential tools for reducing portfolio risk for their clients.…

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What types of memories are forgotten in Alzheimer’s disease? There are different types of memory and not all of them are related to Alzheimer’s disease. I have worked with many people using a Reverse Mortgage to keep a loved one at home. I would consider no – matter what you think you will do down…

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 Reverse Mortgages Get A New Look in Covid Times by Financial Advisor.  F.A. Online. The reverse mortgage market got some new respect earlier this year. When it looked like Covid-19 might wreck the retirement plans of older Americans, some turned to these mortgages to tap a new source money. Home equity conversion mortgages (aka, reverse mortgages)…

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