Veterans Disability Compensation

Veterans Disability Compensation. Understanding It? Brought to you by the National Care Planning Council and my long standing membership with them. Veterans are typically in receipt of four cash income disability programs from VA. Two of these programs – Veterans Pension and Survivors Pension – are paid to veterans and their surviving spouses or children for veterans who are…

Inadequate Retirement Income Dropped CRR Study Finds Those at risk. All groups of households experienced an improvement in risk, except middle-age and middle-income households, due in part to more non-mortgage borrowing, Between 2013 and 2016, the National Retirement Risk Index (NRRI) improved modestly, dropping from 52% to 50% of working-age households, according to the Center…

What the New Tax Law Means for Reverse Mortgage Borrowers American taxpayers and accountants are still sorting out the effects of the wide-reaching Republican-led tax overhaul, and the ramifications could be severe for reverse mortgage borrowers — or nonexistent, depending on who you ask. One key problem could potentially arise from new rules regarding the…

Two More Key Reverse Mortgage Tax Resources The jury’s still out on how tax reform could affect reverse mortgage borrowers — and the prevailing consensus could simply be that each homeowner’s mileage may vary based on his or her specific circumstances. But for an even deeper dive into the implications of the 2017 Tax Cuts…

Many Consumers Wary of Reverse Mortgages, But Willing to Learn about Reverse Mortgages. I found this article and it gave me some hope. You see when I started in this business in 2007, most didn’t even want to learn about Reverse Mortgage benefits. The National Council on Aging shook up the reverse mortgage industry earlier this…

Why The CFPB Is Wrong About Reverse Mortgages I found a great article today by Advisor Perspectives on the controversial holding off to take social security. In the first edition of my book, Reverse Mortgages: How to Use Reverse Mortgages to Secure Your Retirement, I did not analyze using a reverse mortgage to support the…

Life Resource Planning. A Rewarding Opportunity for Expanding Your Services to Seniors. Life Resource Planning is an excellent way to expand your existing practice or to start down a new career path. Seniors are the fastest growing population in this country. They control a great deal of the wealth. Yet, there is no other comprehensive…

Reverse Mortgage-What is it? Reverse Mortgage-What is it? Just under 20% of seniors who responded to a recent survey were aware of reverse mortgages — despite showing an overwhelming desire to stay in their homes and potentially make renovations into old age. Among homeowners aged 60 to 70, 44% said they would keep a mortgage…

A reverse mortgage or bankruptcy are two options available to the elderly with high debt. How to find your way out of difficult financial circumstances. by Liz Weston question and answers. Dear Liz: I desperately need your help! My husband, who is 91, is in the early stages of dementia. I just turned 88 and…

What To Do If You’re Home Rich And Cash Poor. A story I found from Forbes magazine today. What To Do If You’re Home Rich And Cash Poor. A story I found from Forbes magazine today. Your credit score is a big factor for most programs that allow you to draw some of the equity…