Unconventional Ways to Fund Your Retirement
4 Unconventional Ways to Fund Your Retirement One or more of these unconventional methods could be just the key you’re looking for. Key Points Working a traditional job and investing your funds isn’t the only way to save for retirement. Thinking outside the box can help you generate extra money for your future. Diligently saving…
Read MoreUnanswered Questions
Unanswered Questions are the ones we want answered. People that have an opinion of the Reverse Mortgage of 10 or 20 years ago; they are not the same, so we do spend time on unanswered questions. I was recently at a local charity event and invariably people asked what I do? My answer is always…
Read MoreU.S. Money Supply Hasn’t Done This Since the Great Depression
U.S. Money Supply Hasn’t Done This Since the Great Depression, It Implies Something Big for Stocks KEY POINTS M2 money supply has made history twice over the past two years. The largest contraction in the money supply since 1933 may bode poorly for the U.S. economy and stock market. However, “widening the lens” should have…
Read MoreU.S. Housing Reform Plan
President Trump Calls for U.S. Housing Reform Plan, Review of HECM Program President Donald J. Trump signed an executive memorandum Wednesday initiating the process of reforming the United States housing system, which includes an objective to examine the “financial viability” of the Home Equity Conversion Mortgage (HECM) program. The president has expressed his intent to…
Read MoreU.S. Govt- How to pay for care
U.S. Govt- How to pay for care. Costs & How to Pay for care – Paying Privately for care – Reverse Mortgages to pay for care. I found this publication by the U.S. Department of Health and Human Services on LongTermCare.gov. To help find your path forward. The Basics Just beginning to think about long-term care? Start here; it’s…
Read MoreTrue Life HECM Story
True Life HECM Story. I have long been a fan of reverse mortgages — if they are done in the right circumstances and for the right reasons. Regular readers of this column know I always put my money where my mouth is. And in the case of reverse mortgages, I want to give you a very personal…
Read MoreTough Retirement for Americans
Forbes: Warped Financial Priorities Lead to Tough Retirement for Americans Americans place much of their focus on managing their existing debt over saving for the future, which results in their overall loss of focus on adequately saving enough money for retirement. This is according to Jamie Hopkins, director of retirement research at Carson Wealth in…
Read MoreTop Retirement Risks
Reverse Mortgage Borrowers’ Top Retirement Risks. Retirement planning generally involves the balancing of potential risks to achieve the best outcome for a client. Over at The Retirement Cafe, blogger Dirk Cotton sees nearly 30 of them to consider, including both forward and reverse mortgage issues. Cotton identifies “housing problem risk” — including rises in mortgage…
Read MoreTomorrow’s Retirees Face Shortfalls
Tomorrow’s Retirees Face Shortfalls, But Reluctant to Explore HECMs Many studies have explored the ways in which current seniors find themselves ill-prepared for their retirement years, but a new analysis from Boston College finds that the picture looks even bleaker for future generations. The vast majority of households aged 65 and older reported not having…
Read MoreTips for Boomers Who May Have Retired Too Early
Tips for Boomers Who May Have Retired Too Early As a baby boomer who has opted for early retirement, you may be grappling with how to make your retirement funds stretch out over the years ahead. You’re wise to do so — especially if you’re not even 60 yet. 5 Cities Becoming Popular With Baby Boomers: Are…
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