Talk About Your Money

With Adult Children Home, Now’s the Time: Talk About Your Money. Riding out the pandemic with family presents the perfect chance to lay it all out: priorities, account balances, end-of-life directives. For far too many families, financial planning is akin to scheduling dental surgery. The prospect of pain and discomfort prompts many to put it…

Retiree gets faulty benefit information directly from Social Security personnel Dear Liz: I’m concerned that you don’t make it clear that in order for a Social Security benefit to grow, a person needs to keep working and earning the same income that they’ve been making. I’ve retired recently and am lucky enough to have a…

WHAT DO A REVERSE MORTGAGE AND A LEGENDARY AIRPLANE HAVE IN COMMON? In early 1942, the United States was at war with Japan. Lt. Colonel James “Jimmy” Doolittle had been given the responsibility of planning a raid to strike back at Japan for the Pearl Harbor attack. The bombing raid wasn’t expected to do a…

Everything you need to know about reverse mortgages. What is a reverse mortgage? At Bankrate we strive to help you make smarter financial decisions. While we adhere to strict editorial integrity, this post may contain references to products from our partners. Here’s an explanation for how we make money. A reverse mortgage is a way for…

FINANCIAL ADVISORS. How to Become an Elite Financial Advisor: Practice (Business) Management Have you read something like the following roughly 1,237 times in the last few months? “Financial advisors are under immense pressure, particularly with the paradigm shift of 2020. They must provide value to their clients and differentiate themselves from other advisors.” We too…

Why some retirees could face reduced Social Security benefits unless Congress acts. The Covid-19 pandemic will prompt an unprecedented drop in one measurement, the Average Wage Index, which is used to determine Social Security benefits. Specifically, people born in 1960 could have lower retirement benefit calculations unless a fix is made. Congressional lawmakers have proposed…

Strategic Tax Planning for the Wealthy with Reverse Mortgages Loan officers in the Reverse Mortgage business have ben trying to explain this to financial planners for some time now. I was glad to find this from Nasdaq this morning. The Tax Cuts and Job Act of 2017 (TCJA) dramatically changed tax law in our country.…

Mortgages and Home Loans for Seniors Great article I found today from Senior living.org. Learn More About Our Experts. Seniors begin looking at their options concerning mortgages for a variety of reasons. Although they’ve invested a good part of their life in their current home, many come to realize that it’s time to make a change.…

What Is a Reverse Mortgage and Is It Right for Me? Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here. Reverse mortgages…

Charting the reverse mortgage early in retirement plan This article is about a retirement plan using a Reverse Mortgage that economics professors have proven using a 30 year lookback; looking back 30 years. Its called the “Sequence of Returns”.The number of Americans older than 65 who continue to work has increased in the past decade.…