Self-Insureing for Future Long Term Care
Self-Insureing for Future Long Term Care A recent column, “Should Federal Employees Self-Insure for Their Future Long Term Care,” discussed why some federal employees and retirees may want to consider self-insuring for their future long term care (LTC) costs. Some suggestions for self-insuring were made including an employee’s setting aside a portion of their Thrift…
Read MoreFed will pivot back to hiking rates
There’s now a 40% chance the Fed will pivot back to hiking rates again next year, top economist says Continued economic strength along with inflationary policies expected from President-elect Donald Trump could mean the Federal Reserve may have to resort to rate hikes in 2025, a top economist warned. Wall Street just threw a tantrum…
Read MoreFed rate hikes and default fears
Fed rate hikes and default fears: Here’s what could be next for the housing market Homebuyers and renters alike could feel relief later this year as home prices stabilize, mortgage rates decline and rent price growth continues to slow. Economists expect the Federal Reserve to pause rate hikes for a time while it observes incoming…
Read MoreFaulty Benefit Information from Social Security
Retiree gets faulty benefit information directly from Social Security personnel Dear Liz: I’m concerned that you don’t make it clear that in order for a Social Security benefit to grow, a person needs to keep working and earning the same income that they’ve been making. I’ve retired recently and am lucky enough to have a…
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 MoreExtra cash for the holidays
5 ways to get extra cash for the holidays It’s that time of year again. The time for holiday parties, gifts, festive decor and, well, spending. That’s right: According to the National Retail Federation, the typical American will spend over $800 this holiday season — on gifts, holiday items and other non-essential purchases. Don’t have that…
Read MoreExperts Tout Benefits
Experts Tout Benefits of Reverse Mortgages to Financial Planners Reverse Mortgages are not looked at anymore as a bad thing, but a longevity tool. Several Ivy League economy colleges have study groups looking for ways to take care of our aging. A Reverse Mortgage can benefit by supplementing your retirement income. As finances are uncertain…
Read MoreEverything You Need to Know
Everything You Need to Know About Reverse Mortgages – Money Magazazine For seniors wondering how to fund retirement, tapping the wealth you’ve built in your home can seem appealing. But reverse mortgages are complicated and can have big downsides you need to aware of before you commit. Reverse mortgages allow you to spend down your…
Read MoreEverything you need to know
Everything you need to know about reverse mortgages. What is a reverse mortgage? A reverse mortgage is a type of home equity loan for homeowners 62 or older that doesn’t require monthly mortgage payments and that the home’s equity is generally paid out to the homeowner monthly. Reverse mortgages are often considered a last-resort source of…
Read MoreEverything to know about reverse mortgages
Everything to know about reverse mortgages BY ALY YALE. CBS NEWS.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can…
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