Simple ways to block spam phone calls
For retirees, getting unwanted phone calls has become a part of everyday life. Most of these calls are just an annoyance, but occasionally it can be a scam with potential to steal significant moneys or even the identity of the target. The good news is there are simple things that…
What happens to your debt when you die?
Debt doesn’t typically die when we do. A number of factors dictate what happens to debt when you die, including whether anyone co-signed on the loan, if the debtor had assets at death and what type of debt they held. The laws also vary from state to state. Generally speaking,…
Navigating your finances after losing a spouse
Losing your spouse is an incredibly difficult experience that can leave you feeling emotionally overwhelmed for your grief and a little disconcerted as you now have to take on their responsibilities. Change is hard for all of us, but after being together for so long, it may seem like an…
Use a Reverse Mortgage strategically for deductions when needed and grow the Line of Credit simultaneously ; Excerpts from “The Street” website (see link below)
Reverse Mortgages (RM) are most often used to eliminate monthly mortgage payments, although borrowers are required to continue to make their home insurance and property tax payments. Occasionally, a retiree may only want to lower their monthly mortgage payment to one that is more comfortable for them and they may…
Social Security checks increase the most in 40 years
The gas pump and the grocery store are taking a much larger bite out of our collective wallets this year. At the start of 2021 the average gas price in the US was around $1.85 and currently the average has risen 59% higher in less than a year. The 70…
FHA increases RM Lending Limit for 2021
Reverse Mortgage Lending Limit Rises to Over $822k in 2021 The lending limit for federally-backed reverse mortgages is increasing for the fifth consecutive year in a row, set to hit $822,375 in 2021. The Department of Housing and Urban Development (HUD) announced on Wednesday via Mortgagee Letter (ML) 2020-42 a maximum claim…
Spending more time at home? Fix it up just how you have dreamed of with our digital contact Reverse Mortgage.
We have all spent more time at home than we ever imagined in the last 9 months. Your world has changed immensely over the Coronavirus pandemic, yet your home has stayed the same. A realtor client of mine called me the other day to tell me they decided to finally…
Social Security Increase for 2021
Every year the Social Security (SS) Administration considers a Cost of Living Adjustment (COLA) to all of the social security checks to help your SS check have the same purchasing power year over year. The greatest factor in this calculation is inflation or the rate at which the cost of…
SSA advice on starting Social Security & Medicare benefits
Written By WWW.SSA.GOV At Social Security, we’re often asked, “What’s the best age to start receiving retirement benefits?” The answer is that there’s not a single “best age” for everyone and, ultimately, it’s your choice. The most important thing is to make an informed decision. Base your decision about…
Free Online Retirement Tools from SSA.GOV
When I was 16, I remember waiting in seemingly the longest line of my life to get my Driver’s License. I was eagerly anticipating the independence this permit to drive would give me; the freedom to drive my buddies to the beach, to take a pretty girl on a date,…
