Critical Retirement
69% of Seniors Say Social Security ‘Critical’ Retirement Plans I found this article today with some surveys, one by Social Security: office of retirement and Disability Policy. More than two-thirds of seniors say that Social Security benefits are critical to their retirement planning according to a new survey, while a plurality said their biggest financial…
Read MoreCredit Scores
New rules will cause some credit scores to rise July 1. CNBC Personal Finance by Jessica Dickler Do you know your credit score? Consumers may be a few days away from a higher credit score. Improved standards for new and existing public records in the databases of the three major credit reporting companies will be implemented…
Read MoreCredit Line Strategy
Reverse Mortgage Credit Line Strategy May Benefit More Retirees The reverse mortgage line of credit strategy may have concrete retirement benefits for a wider array of consumers than previously thought. Previous research into the Home Equity Conversion Mortgage line of credit option had focused primarily on people who had twice as much retirement savings as…
Read MoreCost of Retirement
Here’s the Average Cost of Retirement: How Prepared Are You? According to an Age Wave/Merrill Lynch report, 81% of Americans report not knowing how much money they’ll need for retirement. That’s more than a little problematic, because if you don’t know how much you’ll need, you can’t know if you’ve been saving enough. How much…
Read MoreCoronavirus’s Economic Shock
CNBC: Reverse Mortgages Can Buffer Coronavirus’s Economic Shock COVID-19, the so-called coronavirus which has sparked concerns of a global epidemic after spreading into multiple countries, has introduced additional volatility to the U.S. stock market as investors raise concerns over the effects the spread of the virus might have on the American economy. For retirees, there…
Read MoreComfortable Reirement
Comfortable Reirement – Improve YOUR retirement with NO monthly mortgage payments Imagine an opportunity that would provide you with significant net/non-taxable funds to use for any purpose that you may desire, with no mortgage payments ever required on any available monies used! Many retirees are learning how to maximize their golden years and take advantage…
Read MoreCondo Approval
The problem with getting a reverse mortgage on a condo is approval If you have ever tried to get a Reverse Mortgage for your condo and no-one will assist- its because if your complex is not FHA approved, it is a nightmare to get it approved. With FHA spot approval a distant memory, originators struggle…
Read MoreComfortable Future
Comfortable Future. Planning a comfortable future at 62. By Jack Guttentag Age 62 is a good time to take stock of where you are and where you are going financially. You become eligible for Social Security at 62, though it may or may not be to your advantage to begin drawing it then. You are…
Read MoreClients Want to Remain at Home
96% of High Net Worth Advisors say Clients Want to Remain at Home Fewer than a quarter of high-net-worth individuals have a firm plan for long-term care, but nearly all of them suggested a preference to age in place at home independently, a poll from Key Private Bank revealed last month. Key Private Bank, the…
Read MoreChoosing the Right Seniors Reverse Mortgage
Choosing the Right Seniors Reverse Mortgage : Tailoring Solutions for Seniors In the United States, the population of adults aged 65 and older stands at a staggering 54.1 million, a number that continues to grow with each passing year. As these individuals approach their golden years, financial stability becomes a paramount concern. Many seniors are…
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