Double-digit percentage drop will hit stocks in early 2023

‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023. A lot of two-way risk in the stock market right now, warns Morgan Stanley’s Mike Wilson. Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 […]

Extra cash for the holidays

5 ways to get extra cash for the holidays It’s that time of year again. The time for holiday parties, gifts, festive decor and, well, spending.  That’s right: According to the National Retail Federation, the typical American will spend over $800 this holiday season — on gifts, holiday items and other non-essential purchases. Don’t have that […]

Now’s a great time for a reverse mortgage

Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease […]

Long-Term Care and Housing

Many Middle-Income Seniors Will Not Be Able to Pay for Long-Term Care and Housing in 10 Years Total Number of Middle-Income Seniors Expected to Grow by 89 Percent by 2033 CHICAGO, August 31, 2022 – By 2033, more than 11 million middle-income seniors aged 75 and older may not be able to pay for assisted living and […]

Can a Retired Person get a Mortgage?

Can a Retired Person get a Mortgage? Every person takes a different life path. You hear of older or retired individuals getting married or enrolling in college all the time. Age doesn’t preclude enjoying the perks of home ownership, either. There is no age restriction for getting a mortgage, according to the Equal Credit Opportunity […]

Think you can’t buy a house if you are an older adult, or self-employed?

Think you can’t buy a house if you are an older adult, or self-employed? It might be possible. ‘There is a misconception that older adults cannot obtain a mortgage.’ How I bought my first house in my 60s I wanted to buy a house of my own. After several years filled with changes in location, […]

Reverse Mortgages Explained

 Reverse Mortgages Explained? Bob Vila A reverse mortgage can be a helpful type of home loan for retirees looking to tap into their home equity and cover their day-to-day costs during retirement. Q: My wife and I recently retired and are finally getting around to some much-needed home renovations. We don’t want to drain our […]

Should I sell and rent or get a reverse mortgage

Should I sell and rent or get a reverse mortgage? I found this great article I wanted to share comparing all senior housing options. What to consider before selling your home or getting a reverse mortgage. The math reveals the real costs for retirees. A woman in her 80s is sitting on her couch at […]

Comfortable Reirement

Comfortable Reirement – Improve YOUR retirement with NO monthly mortgage payments Imagine an opportunity that would provide you with significant net/non-taxable funds to use for any purpose that you may desire, with no mortgage payments ever required on any available monies used! Many retirees are learning how to maximize their golden years and take advantage […]

Mortgage Tips for Retirees

Mortgage Tips for Retirees Sure, your grandma and grandpa may have stayed put once they left the workforce, but you likely have other plans. Now more than ever, it seems retirees are on the move—and buying new homes. About 18% of homebuyers were younger baby boomers (aged 56 to 65) in 2021. And older boomers […]