Wealthy Americans Are Not Taking Retirement Seriously Enough Attention High Earners: You are Not Taking Retirement Seriously Enough Higher-income households are more likely to overestimate their retirement readiness, according to a new analysis from the Center for Retirement Research at Boston College. The findings underscore the importance of proper retirement planning, even for the wealthy. While […]
Everything to know about reverse mortgages
Everything to know about reverse mortgages BY ALY YALE. CBS NEWS.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief.If you’re struggling with the rising costs of inflation, tapping your home equity may provide some relief. With products like cash-out refinances, home equity loans or HELOCs, you can […]
Reverse mortgages: What you need to know.
Reverse mortgages: What you need to know. Mass Mutual Blog. It’s similar to getting an advance on a paycheck, but in this case you are trading in equity in your home for a cash payment, typically tax-free. A reverse mortgage will eliminate your monthly mortgage payments. You can use the cash (taken as a lump […]
Reverse Mortgages Get A New Look in Covid Times
Reverse Mortgages Get A New Look in Covid Times by Financial Advisor. F.A. Online. The reverse mortgage market got some new respect earlier this year. When it looked like Covid-19 might wreck the retirement plans of older Americans, some turned to these mortgages to tap a new source money. Home equity conversion mortgages (aka, reverse mortgages) […]
How Much Can Retirees Spend
How Much Can Retirees Spend On March 11, 2020? It May Not Be What You Think Turbulent market volatility and declining interest rates are leaving many people wondering about the viability of their retirement plans. Given where markets are today, will you have enough to meet your retirement spending goals? Many financial planner have and […]
Finra’s Stance on Reverse Mortgages
Finra’s Stance on Reverse Mortgages RETIREMENT RESEARCHER. FINRA is the Financial Industry Regulatory Authority. It is a self-regulatory body for financial brokers and brokerage firms. As a part of its efforts to protect consumers, it issues alerts and reports on a variety of financial issues, including reverse mortgages. FINRA’s stance on them is described in […]
Don’t Ignore Reverse Mortgages
Despite Tough Sell, Don’t Ignore Reverse Mortgages. from Financial Advsior Magazine. Clients who risk running out of money in retirement can likely benefit from a reverse mortgage, especially if they take out the mortgage early in retirement, according to Christopher Mayer, chief executive at mortgage lender Longbridge Financial, and Wade Pfau, professor of retirement income […]
7 Traits for a good Financial Adviser
7 Traits for a good Financial Adviser Getting good financial advice isn’t just about stocks and bonds. It’s about the relationship and trust you have with your adviser. Here’s how to evaluate whether your professional is doing a good job and is the right fit for you. Thanks to steady technological advances, financial advisers now […]
Financial Advisors View Changing
Financial Advisors View Changing Slowly about Reverse Mortgages being a longevity tool. Reverse Mortgages Seen By Advisors As Option Of Last Resort Time was, reverse mortgages were anathema to financial advisors. One big reason was self-serving: Since the loans provide an income stream, they meant less client money for advisors to manage—and from which to […]
