Reverse Mortgage Alabama | News and Blogs

How a Cash Stash Can Help Retirees Keep Peace of Mind, if Not Portfolio When the market crashed last spring amid coronavirus fears, retiree Tim McDermott didn’t fret. The 58-year-old, who retired in November 2019 after running a derivatives exchange, keeps more than 40% of his assets in cash and near-cash investments. “We could probably…

Retirement Insecurity 2021 A new report finds that across party lines, Americans are worried about concerns about their financial security in retirement. The vast majority of Democrats (70 percent), Independents (70 percent) and Republicans (62 percent) agree that the nation faces a retirement crisis. There also is bi-partisan agreement that the average worker cannot save…

Reverse Mortgages Are An Excellent Hedge Against Property Value Risk – Especially Now …

Yes, You Can Use Reverse Mortgages as a Retirement Planning Tool. But Beware the Risks. Reverse mortgages were once anathema to savvy financial retirement planning. These loans—which let homeowners over age 62 pull equity out of their homes while still living in them—were viewed as a costly last resort for covering retirement shortfalls. That thinking…

Why Home Equity Matters Why Home Equity Matters. Home equity—the current value of your home minus your mortgage balance—matters because it helps you build wealth. When you have equity in your home, it’s a resource you can borrow against to improve your property or pay down other high-interest debts. However, it’s also volatile because home…

11 Ways Caregivers can Keep a Marriage Healthy This something that is geting more fmailiar by the day. Nursing homes and in home care can cost over $100,000. Many people elect to move mom or dad in with them. Caring for an aging parent can be stressful beyond belief. According to an article published in…

4 Surprising Sources of Retirement Income Consider these four uncommon sources of retirement income if Social Security, 401(k), and pensions can’t meet your needs. It’s scary to stop earning income when you stop working, but everyone dreams of a comfortable retirement, so it’s a bridge you’ll have to cross eventually. Popular sources of retirement income,…

Preserving Senior Wealth and Health with Reverse Mortgage On the heels of the last economic rebound came this year’s untimely pandemic outbreak. The remnants of its impact will surely take years to measure, but its universal effect was felt immediately. A call to public health and safety prompted a substantial and abrupt earning shift across…

10 Things You Should Know About Your Elderly Parents Finances What would happen if you had to suddenly take over management of your parents finances? If your mom or dad were to fall ill or become incapacitated, someone has to continue paying their bills and managing their money. This scenario happens in many families. Are…

Go Ahead and Spend Your Children’s Inheritance. It’s mostly the super-rich who can afford to leave money to their kids. Trying to leave a bequest could put older people in a tight spot. Finance author Chris Farrell once told me about a panicked 83-year-old woman with four kids who was on track to run out…