Financial Advisors are recognizing reverse mortgages as a versatile tool for retirement
For years, some people have thought of reverse mortgages as a loan of “last resort”, for those that did not properly prepare for retirement, or because of losses in the financial sector in 2008 needed extra help. As seasoned advisors learn more about the Federally Insured HECM product they are finding…
FED rate hike affects the money paid out on Reverse Mortgages
The US has enjoyed historic low interest rates for the better part of 9 years. But Yesterday the Federal Reserve Chair, Janet Yellen announced that the economy has strengthened, opening the way for her to raise the FED funds rate for the first time in almost a decade (effectively since…
Reverse Mortgages are ‘Triple Win’ for Retirees, Advisors and Mutual Funds
Home Equity Conversion Mortgages (HECMs) can offer many benefits to the borrowers they serve, but they can also be attractive to financial advisors and even mutual funds, says one reverse mortgage researcher. Reverse mortgages can be valuable asset when used as part of a coordinated retirement strategy, especially when using…
Will your social security payments increase in 2016?
We have reached that time of year where you find out if the social security administration recognizes that your cost of living has gone up enough to increase your social security checks. But, before we get into any increases you should remember that the longer you can delay taking your social security,…
Having trouble focusing? UCSF Neurology study shows a surprising source can help
Since the 1980’s parents have been telling their kids to stop playing video games on the threat that it will rot their brains. New research may prove this premise to be completely false. While too much gaming can decrease attention spans, a study from the University of San Francisco shows…
Californians may have thousands buried in their backyards. Are you one of them?
If you had invested $70,000 in the stock market when you were 25 years old and over the next 40 years it grew to be worth $400,000; what would you do with it in retirement? Go visit a country you have always wanted to see? Remodel the kitchen? Use it…
Protect Yourself From These Scams Targeting Retirees
The baby boomer generation continues to have a large affect on business in America. That is still true now that many are retiring. With the number of retirees increasing dramatically, more scammers have moved to targeting the older population. With that in mind, here is a list of some of…
Journal of Financial Planning research shows RM LOC can improve returns in stock market
Many people think that a reverse mortgage is a program for those running out of options, or those that did not sufficiently plan for retirement. This idea is false, as the program is a great tool for those that take the time to learn how to use it. A recent…
Why you should get a Reverse Mortgage LOC at 62, Especially if you don’t need any money now!
It has been said that compound growth is the most powerful force in the universe. Case in point, if a 16 year old today puts $2,000 away in a ROTH IRA until age 21 and lets it earn 9.4% interest annually (average stock market gain since 1926) this person would retire…
The Fastest growing Financial Planner accreditation ever
The American College of Financial services, which is the largest education provider for financial services, has been training financial planners to become more knowledgeable in their industry for over 88 years. “Our heart and soul is the financial services industry, and servicing and educating professionals and advisors in the industry,” says…
