In Home Care needs

Understanding the Pros and Cons of Reverse Mortgages for Seniors In Home Care needs. Many in home care providers have agreements set up with the large lenders, but I am local and have been helping keep loved ones at home for over 15 years. When it comes to helping an aging loved one with financial […]

Reverse Mortgage Strategic Uses

Reverse Mortgage Strategic Uses In chapter 10 of “Inheriting Your Spouse’s IRA,” author Bill Harris outlines the strategic uses of a reverse mortgage. Reverse mortgages can be used to complement a retirement plan or to minimize the impact of an unexpected life event like the loss of a spouse. They can create liquidity out of […]

Reverse Mortgage and Airplane

WHAT DO A REVERSE MORTGAGE AND A LEGENDARY AIRPLANE HAVE IN COMMON? In early 1942, the United States was at war with Japan. Lt. Colonel James “Jimmy” Doolittle had been given the responsibility of planning a raid to strike back at Japan for the Pearl Harbor attack. The bombing raid wasn’t expected to do a […]

Social Security, 70 is the New 65

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When It Comes to Social Security, 70 is the New 65 If you’re reading this story, you’re likely at least 50 years young. Yes, young — and I don’t mean it in the cutesy way that people sometimes talk about aging. I mean it in that living well into your 80s and beyond is no […]

Social Security to Run Out

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 […]

Long Term Care Insurance

Long Term Care Insurance Grows More Difficult for Seniors to Fund Financial PLanners and Elder Care Attorneys are recommending Reverse Mortgages (HECM) to help seniors have enough funds to retire or put the money in a line of credit and let grow until their client has medical needs. Options for long-term care (LTC) insurance are diminishing […]

Retirement Countdown 5 Year Plan

Retirement Countdown 5 Year Plan For most of your working life, it wasn’t exactly a pressing concern. You might have pondered it for a few minutes as you skimmed your company’s benefits handout, checking to see if your new glasses were covered or if you’ll be reimbursed for your gym membership. Retirement was more like […]