birmingham reverse mortgage Archives | Page 4 of 7

Rising Healthcare Costs Key Factor in Planning Retirement I have been studying this for my family and am not surprised, but for those who don’t know know staggering heath care costs can be, they can take out savings in one year. As long term care costs have risen 3% from 2017 to 2018, seniors need…

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…

You’re Approaching Retirement and in Debt, Now What? A Study by the Employee Benefit Research Institute indicated that nearly 70% of retirees have debt and nearly 50% of retirees over the age of 75 are still managing debt. by Stuart Welch of Birmingham and Birmingham’s Al.com. Managing cash flow during retirement is tough enough without…

Is Buying Parents house out of a Reverse Mortgage Considered a Transfer for Medicaid Eligibility Purposes? I have seen too many times where parents put their house into the kids name to try to avoid a 5-7 year look back. I found an article on a new spin that I thought i would share with you.…

Financial Columnist Changes Mind on Reverse Mortgages A financial columnist this week detailed the ways in which his opinion has evolved on reverse mortgages, moving from mild distrust to solid acceptance in certain scenarios. Writing for the San Antonio Express-News, columnist Michael Taylor noted that before digging into the products in response to a reader…

Signs a Senior Needs Help at Home I have seen the stress working with people to get a Reverse Mortgage to pay for long term care. Now my family is going through it, so this is something that I have unfortunately became an expert in. Admitting the need for help and accepting assistance is not easy…

In Home Care Providers need to know When I go to speak with local In-Home Care Providers, some admitted that a customer ran out of funds too soon frequently. I asked for an appointment to explain the benefits to the Manager, but never received much interest. By the time the family calls me they have…

Million in Retirement Savings Can Disappear in 11 Years I bring these articles to my blog to hep people understand that a Reverse Mortgage is not a last resort product buy any means. Now economists are trying to find ways to help people make it in to their golden years and even be able to…

Most financial advisors are uninformed and misinformed when it comes to the importance of reverse mortgages, and it’s time for this to change. The Funding Longevity Task Force wants YOU… to know about reverse mortgages. Financial Planners and Elder Care attorneys are recommending Reverse Mortgages now because people are living longer. The 401k came out…

Mortgage-free home ownership becomes a popular retirement goal Alongside travel and leisure, a recent study by Voya Financial identified home ownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to eventually own their home with no…