Fact-Checking Dave Ramsey’s Reverse Mortgage Claims

Birmingham and Huntsville Alabama Reverse Mortgage information

Fact-Checking Dave Ramsey’s Reverse Mortgage Claims I have always been irritated with Dave Ramsey when he has a caller asking about a Reverse Mortgage. Not for the reason you might think. When someone calls in Mr. Ramsey doesn’t listen to their situation, instead he starts off on a generalized rant. On a show a lady…

Retirees Make the Most of Your Home Equity A home equity loan or home equity line of credit may be perfect for your retirement finances. But don’t delay; a fee increase is coming. A debt-free retirement has been the ideal scenario for so long that older adults often overlook a valuable financial resource: their home.…

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…

Forget what you’ve heard. Here are the new rules for post-pandemic retirement. As the coronavirus pandemic upends the economy, there’s never been a better time to examine the conventional wisdom about retirement By Michelle Singletary Forbes Columnist Your retirement will be unique to you, but it often helps to have some rules of thumb as a guideline.…

Managing unexpected expenses, an emergency fund. You might expect plenty of things in retirement – spending time with family and friends, traveling, focusing on your health wellness. For many years I have been working with financial advisors so homeowners can use the Reverse Mortgage with a credit line and spend from it instead of thier…

Misconceptions thwart successful retirements I took U.S. government population data, including the Survey of Income and Program Participation from the Census Bureau, and used simulations to measure the success rate of the retiree population. I define retirement success as still having at least a penny left in assets when one dies. I factored the simulation…

Reverse Mortgages Can Provide Retirement Income Tapping home equity is often an overlooked possible source of income for those with fixed resources, and considering the home equity that seniors have access to, reverse mortgage products should be considered when coming up with a retirement funding plan. This is according to Stephen Resch, VP of retirement…

Alternatives to Long-Term Care Insurance Anticipating long-term care needs is an important part of retirement planning, as long-term care can quickly eat into your savings. The average yearly cost of nursing home care in a semi-private room was $90,155 in 2019, according to Genworth Financial, rising to $102,200 for a private room. Long-term care insurance…

Aging Media Network Publishes New Report Detailing Senior Housing Industry Outlook for 2020 Last year the industry began to look closely at the shortage of middle market senior housing available to aging consumers. In our survey, we sought to find out what actions industry stakeholders are likely to take in response to this growing issue…

Reverse Mortgage Concepts That Are Often Misunderstood Calling “penalties” on potential issues of misunderstanding that can arise between loan officers and borrowers in reverse mortgage transactions, Dan Hultquist, VP of organizational development and Jim McMinn, lead sales trainer of learning and development at Finance of America Reverse (FAR) used their time presenting at the National…