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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…

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…