Sources of Retirement Income
Sources of Retirement Income When you’re retired, you need dependable income — often from multiple sources Try not to rely on just one income stream in retirement, as it may not provide enough money. Think about what kinds of income streams are most possible and appealing for you. Consider dividend-paying stocks or reverse mortgages, for…
Read MoreFact-Checking Dave Ramsey’s Reverse Mortgage Claims
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…
Read MoreWhen a reverse mortgage makes sense
Financial planner: when a reverse mortgage makes sense for a borrower “For a retiree who has a mortgage on their home, if the payment puts a squeeze on money that’s available for other living expenses, a reverse mortgage might relieve the pressure and makes sense.” she writes. “Depending on the homeowner’s age and the home’s…
Read MoreRetirement Insecurity
Download Report Download Report Download PowerPoint Read Press Release Watch Webinar Replay Women’s Views on Retirement Infographic A new report finds that across party lines, Americans are worried about concerns about their retirement insecurity. The vast majority of Democrats (70 percent), Independents (70 percent) and Republicans (62 percent) agree that the nation faces a retirement…
Read MoreReverse mortgage as a financial planning tool
Reverse mortgage as a financial planning tool Reverse mortgages, which reportedly have been in use since Deering Savings & Loan issued one to Nellie Young of Portland, Maine, in 1961, have long been viewed with suspicion. Evoking images of late-night infomercials and disreputable loan agencies, the reverse mortgage is the product of last resort for…
Read MoreAlzheimer’s disease
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…
Read MoreReverse Mortgage Strategic Uses
Reverse Mortgage Strategic Uses In chapter 10 of “Inheriting Your Spouse’s IRA,” author Bill Harris outlines the strategic uses of a reverse mortgage. Reverse mortgages can be used to complement a retirement plan or to minimize the impact of an unexpected life event like the loss of a spouse. They can create liquidity out of…
Read MoreWhat Is a Professional Fiduciary
What Is a Professional Fiduciary Elder law attorneys urge the public to create a legal plan, but it is difficult for individuals without immediate family to decide who to appoint as their health care surrogate or agent under a power of attorney. All too often, these individuals avoid completing the appropriate documents, leaving them…
Read MoreReverse Mortgage Uses
Reverse Mortgage Uses Reverse Mortgage Uses. A HECM Reverse Mortgage is a versatile retirement funding tool that can be utilized in many ways. Here are just some of them: Pay off your forward mortgage to reduce your monthly expenses. Re-model your home to accommodate aging limitations. Maintain a line of credit (that grows) for health…
Read MoreFHA Appraisal Requirements
FHA Appraisal Requirements involve an appraiser inspecting your home to make sure it’s safe. For a Federal Housing Administration (FHA) loan to be approved, the home must pass an FHA inspection and appraisal. That means it must be worth the purchase price and have such basics as electricity, drinkable water, adequate heat, a stable roof, fire…
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