Retirement Income Stabilizer

Mortgage Professor’ to Launch ‘Retirement Income Stabilizer A forthcoming program aimed to stabilize retirees’ finances will help connect the dots for those striving to establish their post-working life’s income. The program is being established by Jack Guttentag, a.k.a. “The Mortgage Professor,” who has long been a proponent of reverse mortgage use. He identifies issues ranging…

Potential Sources of Retirement Income and Tips to Use Them My job over many years has changed as the Reverse Mortgage (HECM) has evolved. Now I am more of a small part older Americans longevity and retirement resources strategy. Investing in multiple sources of retirement income while working allows you to create significant savings and…

MIT Researcher: Why Financial Advisors May Become ‘Longevity Advisors’ I have been saying from my own personal experience and many clients that this is a great product to start at a young age of 62-65 and let the credit line grow and grow until they need it for some type of care especially in…

Is a Reverse Mortgage Right For You? Read Answers to Popular Questions to Find Out Have you heard the term Reverse Mortgage popping up lately? If you’ve been looking for an extra source of income at retirement age, this could be your answer. Before you decide to go through with a reverse mortgage, you need…

Reverse Mortgage 2nd Appraisal Recently FHA / HUD has another Reverse Mortgage caveat. Now all appraisals will be previewed prior to final approval and approximately 20% will have a 2nd appraisal ordered to make sure the 1st wasnt overinflated. I found a great story this morning explaining how this will work. Tips to Addressing The New…

Eliminate Mortgage Pre Retirement Why you should pay off your mortgage before you retire and what to do if you can’t written by Liz Weston, published by NerdWallet.com Most people would be better off not having mortgages in retirement. Relatively few will get any tax benefit from this debt, and the payments can get more…

Experts Tout Benefits of Reverse Mortgages to Financial Planners Reverse Mortgages are not looked at anymore as a bad thing, but a longevity tool. Several Ivy League economy colleges have study groups looking for ways to take care of our aging. A Reverse Mortgage can benefit by supplementing your retirement income. As finances are uncertain…

Rising Healthcare Costs Key Factor in Planning Retirement I have been studying this for my family and am not surprised, but for those who don’t know know staggering heath care costs can be, they can take out savings in one year. As long term care costs have risen 3% from 2017 to 2018, seniors need…

Home Equity Crucial to Health Care Planning as Costs Rise 4% Each Year I see this problem once a week and at in my own family. When health care, especially many hours of in home health care are needed, you can look at $300,000 in your portfolio and wonder how you will make it?? This…

21% of Boomers Lack Savings for One Month’s Savings We want to keep people aware that they aren’t alone when it comes to not being ready to retire. Yet another poll reveals that all generations feel unprepared when it comes to retirement savings — with 21% of baby boomers lacking adequate savings to cover one…