Financial planner: when a reverse mortgage makes sense for a borrower “For a retiree who has a mortgage on their home, if the payment puts a squeeze on money that’s available for other living expenses, a reverse mortgage might relieve the pressure and makes sense.” she writes. “Depending on the homeowner’s age and the home’s […]
Retirement Planning Tool
Why a Reverse Mortgage is worth considering more now than ever as a retirement planning tool. During our COVID-19 lockdown, my wife returned to an old hobby and set up a jigsaw puzzle on our dining table. Four-hundred and ninety-nine pieces and quite a few hours later, she learned she was missing something. Disappointing, right? We […]
Financial planning with your home
Financial planning with your home I have had several high net worth clients whose financial advisor recommended them to consider a Reverse Mortgage and get rid of their mortgage payment? You might wonder why. The example I’m using is a couple with a managed 3-million-dollar portfolio. The monthly draw was $10,000. By eliminating the house […]
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 […]
Longevity Advisors
MIT Researcher: Why Financial Advisors May Become ‘Longevity Advisors’ I have been saying from my own personal experience and many clients that this is a great product to start at a young age of 62-65 and let the credit line grow and grow until they need it for some type of care especially in […]
Reverse mortgage right for me
Is a reverse mortgage right for me? Financial Planning by Steven Merrell, Monterey Herald. Q I recently saw a TV commercial advertising reverse mortgages. My mortgage is almost paid off. Is a reverse mortgage a good idea to help me cover my living costs? A If you are at least 62 years old and have […]
Long Term Care
Long Term Care. Reverse Mortgage Alabama. Reverse Mortgage Line of Credit Could Fund Long Term Care. NERD WALLET ADVISOR VOICES There’s a 70% chance that people over 65 will need some kind of long term care, including services such as home care, assisted living and skilled nursing, according to government statistics. There are lots of […]
