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Two Thirds of retirees are set to miss IRA deadline and pay Huge Tax Penalties!

With the end of another year fast approaching it would be wise to take some time out of holiday preparations and make sure your financial house is in order.  New research by Fidelity shows that as much as Two-Thirds of retired IRA owners are about to be assessed huge fees for…

Partnering with Trusted Specialists adds value to your brand and your clients

Adam Smith argued in the Wealth of Nations, that the division of labor can dramatically increase productivity and profitability.  Today we refer to this as specialization, or dividing a job into separate tasks, each one being performed by a specialist.  The idea being that each specialist can become an expert in…

BC Center for Retirement Research: Boost Retirement Income by Purchasing Lower Cost Home

With the cost of living increases, shrinking pensions, and increasing lifespans,  many retirees would like additional help in funding their retirement.  A new study by the Center for Retirement Research has released a booklet outlining ways retirement savers can use their home equity to receive peace of mind and additional retirement…

Consider using the Reverse Mortgage as a powerful tool to invest at reduced prices

Southern California has seen dramatic increases in home values in the last few years.  We have watched home values go up  around 20% in 2013 and 18% in 2014(42% cumulative increase).  While at the same time, the US Census Bureau reported in September 2014 that in the United States the median household…

Changes coming to Social Security payouts in 2015

Social security payouts to recipients will be going up this year by more than they went up in 2014.  The payouts are automatically adjusted based on the Consumer Price Index for Urban Wage earners and Clerical workers.  In recent years we have seen payouts not increase at all, as in years 2010 and…

How much money do YOU need to retire? Simple steps to calculate YOUR needed income.

Do you need 1 million dollars to comfortably retire?  Or maybe 2 million? Or perhaps 10 times your annual salary?  If you don’t already know your answer, then you may want to consult with a professional.  There are multiple ways to determine how much money you might need in retirement just as there…

The Mayo Clinic suggests 5 Foods to Lower your Cholesterol

It seems as we get older, we have to take more and more pills, but diet can play an important role in living healthier and happier lives.  These 5 foods can lower your cholesterol and improve your heart health.   A few simple changes to your diet and exercise routine can…

Reverse Mortgage Purchase rules are a bit different, but your loan is easier and safer

Whether you are already retired or looking forward to retirement there are many reasons it makes sense to relocate;  to move closer to the grand-kids, to change to a single story home, to change to a low maintenance home, to have more equity in order to qualify for a Reverse…

New Solutions for those that could not do a Reverse Mortgage previously

Over the years I have come across multiple clients that would like to do a Reverse Mortgage but for one reason or another they cannot.  This can be quite frustrating for someone that thinks they have found a safe solution to the challenge of having a mortgage payment in retirement.  There are ways…

Harvard study: Baby Boomers hardest hit by Great Recession. Solutions for improving retirement picture.

As we have recently blogged about, baby boomers are limping towards retirement with significant debt; much more so than their parents. Not all of it is their fault. During the Great Recession, on average, those 50 to 64 years old lost 32% of their net wealth. During this same period,…