Now’s a great time for a reverse mortgage
Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease…
Read MoreNot Your Father’s Reverse Mortgage
Not Your Father’s Reverse Mortgage The reverse mortgage industry has come a long way since 1987 when Congress passed an FHA insurance bill called the Home Equity Conversion Mortgage Insurance Demonstration. This was a reverse mortgage pilot program that insured reverse mortgages. In 1988, President Ronald Reagan signed the reverse mortgage bill into law. It…
Read MoreNot Taking Retirement Seriously Enough
Wealthy Americans Are Not Taking Retirement Seriously Enough Attention High Earners: You are Not Taking Retirement Seriously Enough Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While…
Read MoreNot enough Retirement income
50% U.S. Households Won’t Have Enough Retirement Income. Author: Radhika Ojha MReport-The pulse of the banking industry. I personally see this daily, and its not so much our fault, I believe social security was designed to last to age below 70, pensions were age 80 something. So If you did everything correctly after working 30…
Read MoreNon Taxable Retirement Income
Non Taxable Retirement Income If you’re saving for retirement, boosting your bank account to meet your goals is a priority. But it’s important to plan for taxes as well. If you’re using a traditional taxable brokerage account, your investments could face significant taxation. On the other hand, some income may be considered non taxable retirement income. Focusing…
Read MoreNo retirement savings
A “shocking” reality for U.S. moms: Half have no retirement savings On Mother’s Day, the best gift for your mom might be a contribution to her 401(k) or IRA plan, with research revealing a significant gap between moms and dads in financial preparedness for retirement. About half of mothers across the U.S. have zero dollars…
Read MoreNo Retirement Savings
These people are on the verge of retiring — and they have nothing saved. 48 percent of American households over the age of 55 still have no retirement savings. This is an improvement from previous years, according to the U.S. Government Accountability Office. If you are behind on your retirement savings, there are a few…
Read MoreNo Retirement Savings
No Retirement Savings and Nearly Out of Time? Here’s How to Compensate. Countless older workers are about to end their careers without money in the bank. Here’s what to do if you’re one of them. Article I found today from the Motley Fool. Maurie Backman (TMFBookNerd) Though we’re told to prioritize retirement savings during our…
Read MoreNext bear market will be the worst in my lifetime
Next bear market will be ‘the worst in my lifetime’ — here are 3 keys to survive it. Jim Rodgers Famed investor Jim Rogers has seen quite a few bear markets in the last half century, but he fears the biggest one yet could be right around the corner. “The next bear market will be…
Read MoreNew Safer Reverse Mortgage
Is the ‘New’ Safer Reverse Mortgage a Better Deal for Consumers? I found a great article today about the Newer Safer Reverse Mortgage. It doesn’t pay out as much money as before, but it will probably always. Recent changes to the reverse mortgage program have many lamenting the fact that fewer people will now qualify.…
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