Best Reverse Mortgage Lender
How to Find the Best Reverse Mortgage Lender I found a great article today from US News that explains the whole Reverse Mortgage concept ad how to find a good lender-by U.S. News Staff If you own your home and are 62 or older, a reverse mortgage could allow you to access your home’s equity without…
Read MoreBest Password Managers
5 Best Password Managers of 2022 In the world right now with cyber attacks this was something I wanted to share. My Facebook account recently was hacked. Using a good password manager can simplify your online life in many ways. These apps can store login credentials securely and generate strong passwords for you. And the…
Read MoreBenefits of In-Home Care
The Benefits of In-Home Care for Dementia Patients Family caregivers are now better able to take advantage of services offered by home care companies. I certainly took advantage of these services throughout my time caring for multiple seniors, including my parents and an elderly neighbor. The biggest challenge I faced, though, was when I hired…
Read MoreBenefits of a reverse mortgage
Benefits of a reverse mortgage. Is a reverse mortgage worth it? Moneywatch. CBS News Reverse mortgages provide some unique benefits compared to other home equity options. If you’re a senior looking to reduce expenses or have extra income, you may have come across a product known as a reverse mortgage. Reverse mortgages are a funding source…
Read MoreBankruptcies Skyrocket Among Seniors
Bankruptcies Skyrocket Among Seniors Amid Soaring Health Costs The steady erosion of Medicare and Social Security benefits, the shift away from defined benefit pensions, and rising health care costs have all been blamed for seniors’ financial woes over the last decade. Now a group of researchers has the bankruptcy data to prove it. Since 1991,…
Read MoreBank, Credit Union, Financial Planners
I have noticed a tremendous upswing of clients who went to their bank, credit union, or financial planner to ask who does Reverse Mortgages? Usually they find me because a friend was a previous client or the internet. I just simply want the local Birmingham and Huntsville Bank, Credit Union, and Financial Planner to be…
Read MoreBad news: Your 401k
Bad news: Your 401k won’t give you a decent retirement I wont ever forget a man in Huntsville, AL. Most of my clients are military and very smart. He had planned for retirement just as most people did. He came to see me and told me that his 401k was to last him to age…
Read MoreBaby Boomers Have Less Wealth
Baby Boomers Have Less Wealth Than Prior Classes The most recent cohort of Americans who are part of the “baby boomer” generation – typically classified as people born between 1946 and 1964 – are less wealthy when compared to older baby boomers, putting them at greater risk of financial instability in retirement. This is according…
Read MoreAvoid Reverse Mortgages
Researcher: No “Rational Reason” to Avoid Reverse Mortgages As the American population ages, experts have increasingly pointed to home equity as a key source of retirement income — even as many older homeowners remain hesitant to tap into it for reasons that continue to confound both academics and players in the mortgage industry. Steven Sass,…
Read MoreAre Reverse Mortgages Unduly Risky
Are Reverse Mortgages Unduly Risky? We are seeing more and more financial planners in Alabama accept Reverse Mortgage help a senior have a better lifestyle. My clients now are usually millionaires. One financial planner told me that FINRA said years ago they approve and I have a fiduciary duty to tell my clients about everything…
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