Five Terrible Money Mistakes That’ll Wreck Your Retirement No one wants a lean, downgraded lifestyle in retirement. Stay off that path by avoiding these money no-nos.  Money mistakes are like termites. They can work quietly behind the scenes, gnawing away at your wealth. You might even avoid any major consequences for years — right up…

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*Fear of making a mistake*Family influence or outside opinions*Confusion about how the loan really works*Feeling overwhelmed by too many details or steps*Not seeing enough urgency to act now*Something is still holding you back. What feels unresolved to you?” *I can help “unstick” the conversation, and the process includes:*What would need to happen for you to…

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Finra’s Stance on Reverse Mortgages RETIREMENT RESEARCHER. FINRA is the Financial Industry Regulatory Authority. It is a self-regulatory body for financial brokers and brokerage firms. As a part of its efforts to protect consumers, it issues alerts and reports on a variety of financial issues, including reverse mortgages. FINRA’s stance on them is described in…

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Find the best deal on an HECM reverse mortgage. By The Mortgage Professor:  Jack Guttentag The best deal on a mortgage is usually defined in terms of the interest rate and origination fee charged the borrower. That was my approach in a previous column on the subject. I recently realized, however, that with reverse mortgages, it…

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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…

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Financial Plans help. Reverse Mortgage Alabama. How reverse mortgage loans can help with financial planning. Bankrate.com. Jay MacDonald Thanks to 2014 changes in federal regulations on reverse mortgages, the loans now serve as a financial planning tool for the waves of middle-class baby boomers facing retirement. In 2014, the Department of Housing and Urban Development,…

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Financial planning with your home I have had several high net worth clients whose financial advisor recommended them to consider a Reverse Mortgage and get rid of their mortgage payment? You might wonder why. The example I’m using is a couple with a managed 3-million-dollar portfolio. The monthly draw was $10,000. By eliminating the house…

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Financial Planners Warm to Reverse Mortgages, Though There’s Still Work to Do Although there are still issues in the general reputation of reverse mortgage product offerings, more financial advisors and planners have shown signs of warming up to the product and how it could help their clients to fund retirement. This is according to a…

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Five Financial Landmines Facing Retirees, By Trevor Gerszt. NEWSMAX Even though retirement planning is the most prominent financial issue facing seniors, it isn’t the only one. There are all sorts of pitfalls seniors may face that they need to be aware of as they get older. Not being aware of potential risks can mean the…

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Financial Columnist Changes Mind on Reverse Mortgages A financial columnist this week detailed the ways in which his opinion has evolved on reverse mortgages, moving from mild distrust to solid acceptance in certain scenarios. Writing for the San Antonio Express-News, columnist Michael Taylor noted that before digging into the products in response to a reader…

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