8 freebies and discounts for retirees
Have you ever been to Costco on the weekend? It’s usually packed, and the longest lines may actually be for the free samples of delicious treats. Whether you have a substantial retirement income or modest, everyone can appreciate freebies. The following is a list of some of the best retirement…
Fixed or Annual rate? You might be surprised which is better for you.
Once you have decided to look into a reverse mortgage, one of the most important decisions you will make is whether to get a fixed rate or adjustable rate reverse mortgage. Experience will usually incline you towards a fixed rate; especially because rates are historically low. There are key differences…
Think a reverse mortgage isn’t for you? I dare you to read this article and not change your mind.
You are of Reverse Mortgage (RM) age and you don’t need the money. You should get a RM anyway. There is a powerful tool in a RM called a Line of Credit Growth Rate. On the HECM(Home Equity Conversion Mortgage) Annual program with an initial rate of 4.35% (plus monthly…
New study shows Superfood may improve memory, cognition, and the effects of Alzheimer’s
The University of Cincinnati has research showing that eating a particular super fruit has been shown to improve patients’ cognitive impairments. Not only have Blueberries been shown to reduce the risk of cancer and fight heart disease, in a new study they have been shown to improve cognition and memory…
FDA approved new technology to relieve chronic pain without narcotics or surgery
Over 100 million Americans suffer from some type of chronic pain. Those that find relief through medications may cause more problems with their health than is being fixed by that medication. This may seem like science fiction, but new technology is offering relief for chronic pain sufferers by simply wrapping a device around your upper calf….
Can a person lose their home today from a Reverse Mortgage?
The first known reverse mortgage loan was done in 1961 by Deering Savings & Loan in Portland Maine. Nellie Young was the widow of the high school football coach and it helped her stay in her home even though she lost her husband’s income. By the 1970’s several private banks…
How is my Reverse Mortgage cash out figured?
Reverse Mortgages (RM) are becoming an essential tool to fund retirement. A RM allows those 62 and older to access a percentage of home equity to primarily eliminate a mortgage payment and secondarily have access to cash. Money can be received in a lump sum payout, monthly payout, it can be left in…
Places you shouldn’t use a Debit Card
Have you seen the video of the Starbucks employee getting busted for stealing a patron’s credit card information and making purchases with the stolen card information? This employee did get fired, but much of this theft goes un-noticed. Experienced shoppers may like to use a debit card because you are limited to…
Journal of Financial planning shows how you may add 30 years to retirement fund survival
2015 was an incredible year for home values, but lackluster in stock market performance. The home price index, published by the Federal Home Finance Agency shows that nationally home values have now surpassed their highest point before the last housing crash. In 2015 the Dow Jones Industrial Average was…
12 discounts mature citizens should take advantage of
The AMAC, Association of Mature American Citizens, was created to protect your interests and to offer an alternative perspective on how to best solve the problems seniors face today. In addition to petitioning for mature citizens this organization offers many discounts to its members; discounts on car rentals, prescriptions, identity…
