New Years Resolutions to protect you from Scams
Most New Years Resolutions are made to improve one’s physical health; going to the gym, or eating healthier are at the top of most lists. Here are a few suggestions that will lower your risk of getting scammed in 2015 and beyond. 1. Check your Credit report 3 times a year….
Reverse Mortgage: For multiple reasons, now is the best time. Really, Right Now.
There are several factors that determine how much a homeowner gets on the Reverse Mortgage Program; Borrower Age, Home Value, Interest Rate, and required reserves. Most people are surprised to hear that interest rates have a larger impact on the money available than age does. “The Mortgage Professor,” a.k.a Jack…
NOTICE: Early in 2015, Credit/Income challenged applicants may be required to set aside significant reserve funds for tax & insurance payments.
The Reverse Mortgage program is probably the safest loan a retiree can get, and it just became even more secure. In an effort to make the HECM FHA Insured Reverse Mortgage product even safer for the long term, HUD will require all RM applicants to undergo a Financial Assessment to ascertain…
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…
