Reverse Mortgages Included Among Tips to Strengthen Retirement by U.S. News A new article at U.S. News and World Report giving recommendations on strengthening retirement security offers reverse mortgages as one of the potential tools a senior can use to bolster their financial security in retirement. Among the recommendations from U.S. News contributor Craig Stephens, downsizing…

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Strategic Tax Planning for the Wealthy with Reverse Mortgages Loan officers in the Reverse Mortgage business have ben trying to explain this to financial planners for some time now. I was glad to find this from Nasdaq this morning. The Tax Cuts and Job Act of 2017 (TCJA) dramatically changed tax law in our country.…

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I brought this to my news page to ensure my clients are able to keep up with things that may affect their decision. Wharton professor Jeremy Siegel warns the recession threat is growing – and stocks could struggle in the days ahead. Jeremy Siegel sees a rising risk of recession and a downbeat outlook for…

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Exploring Home Equity Amid Stock Market Uncertainty. The recent volatility in the stock market has brought stress and uncertainly to many retirees and investors. So far, the roller coaster ride has yet to significantly impact the reverse mortgage industry, loan originators said, but that could change if stocks continue to lose value. As companies were…

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Low mortgage interest rates stimulate homeowners to refinance The usual reasons to refinance a home mortgage loan are to reduce the monthly payment or to raise cash. The third option, which is underappreciated, is to shorten the period of indebtedness. The third option is seldom used. Therefore, many homeowners are refinancing for the wrong reason.…

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Staying Calm in Crisis. Keep a stock allocation that you can live with & still sleep. Rethinking Retirement. Kiplinger’s Like everyone else, I’ve been hunkering down trying to get used to this sometimes-stressful new normal as my retirement routine has been turned topsy-turvy by Coronavirus. I practice my yoga online, and I’ve replaced my spin classes…

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Go Ahead and Spend Your Children’s Inheritance. It’s mostly the super-rich who can afford to leave money to their kids. Trying to leave a bequest could put older people in a tight spot. Finance author Chris Farrell once told me about a panicked 83-year-old woman with four kids who was on track to run out…

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Sources of Retirement Income When you’re retired, you need dependable income — often from multiple sources Try not to rely on just one income stream in retirement, as it may not provide enough money. Think about what kinds of income streams are most possible and appealing for you. Consider dividend-paying stocks or reverse mortgages, for…

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 Positioning Reverse Mortgages as a Solution in a Down Market One of the most prominent scholarly advocates for using reverse mortgages in retirement laid out a case last week for finding opportunity in the volatile stock market. “A reverse mortgage helps preserve a portfolio and gives it a chance to recover,” Wade Pfau, professor at…

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Report: Social Security to Run Out of Funds in 2036 The financial landscape for Social Security and Medicare federal entitlement programs, two of the most important programs in the social safety net for American seniors, has been given a bleak forecast concerning the financial solvency of the programs according to a government report issued earlier this week…

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