0.6% or 5.5% growth on your savings?
So much of our lives are spent in preparation for retirement. As young people, we are taught to get a good education so that we can earn enough to live comfortably and get money saved for the future. Once we graduate and get a good job, we begin to put…
Dr. Prescriptions from your cell phone
As a kid, I always looked forward to Saturdays and the great lineup of my favorite cartoons. One of the standouts was surely, “The Jetsons”. This family lived in the future with flying cars, robot nannies, and Dr. visits done virtually from home; what a glorious future we would have!…
Chase Bank Halts HELOC applications, but Reverse Mortgage Lines of Credit continue on and are guaranteed!
Last week, JPMorgan Chase announced they stopped accepting applications for Home Equity Lines of Credit (HELOC) loans. They cited the fact that rising unemployment rates could cause home values to fall. In 2008, the last time home values crashed the banks first halted taking applications for HELOCS, then they froze…
Free Prescription Delivery
According to media reports, the senior population is most vulnerable to COVID-19 yet getting to the pharmacy to refill prescriptions is vital. The Center for disease control and prevention recommends that all Americans with health risks stay at home as much as possible to insulate themselves from the spread of…
Former CDC director: this vitamin may reduce the risk of getting COVID19
Author: Dr. Tom Frieden is former director of the U.S. Centers for Disease Control and Prevention (CDC) and former commissioner of the New York City Health Department. He is currently president and CEO of Resolve to Save Lives, a global non-profit initiative funded by Bloomberg Philanthropies, the Chan Zuckerberg Initiative,…
Find out what you will get with this Stimulus check calculator.
We are living in unprecedented times. Due to the COVID-19 Virus, all of California is on lock-down. The US unemployment rate is expected to be around 15% by the end of this quarter. The stock market is dropping and increasing by over 1,000 points quite often. Most importantly, many Americans…
Breaking: Reverse Mortgage cash payouts are the highest in years, but it won’t last.
There are 3 main factors that are used to calculate how much a borrower can pull out of her home on an FHA insured HECM (Home Equity Conversion Mortgage) Reverse Mortgage (RM). Age, Interest Rate, & home value. Age – at least one of the borrowers must be 62 by…
Public & Private benefits checkup program
The Federal government is constantly growing and expanding. In a 2015 Senate Judiciary Committee hearing, Chairman Chuck Grassley (R-IA) noted: “The Federal Register indicates there are over 430 departments, agencies, and sub-agencies in the federal government.” How is a retiree supposed to be aware of all of the possible programs…
How much money is left to your kids after a Reverse Mortgage?
Have you ever thought about a reverse mortgage but worried you wouldn’t leave an inheritance for your kids if you got one? If you tell one of your friends you are thinking about getting a reverse mortgage, you might hear, “Don’t do that, they will take your home.” Even trusted…
Gathering for the holidays is a great time to help loved ones
Thanksgiving, Christmas, and Hanukah are wonderful times to reconnect with family and friends that we hold so dear to us. Life gets so busy that it is easy to lose touch with those we care for the most. Teaching our kids to serve their grandparents or friends that we visit…
