Social Security changes for 2020
The money seniors have paid into social security (SS) during a lifetime of working is significant and this monthly payment is often a cornerstone of income for retirees. For those considering a reverse mortgage or those that already have one, keeping up on these changes is crucial. There is a…
You may qualify for higher Social Security (SS) payouts and not know it; facts about SS spousal benefits.
Staying at home and raising your children is a great investment in your family and our nation’s future. There is no more important work than molding, encouraging, and loving our young ones. Of course this dedication means one spouse may not have earned as much or any money towards Social…
Create family experiences and a legacy with help from a Reverse Mortgage
You have spent a lifetime building your family and creating a safe home for your kids and grand-kids to enjoy together. As your family has grown and gone out into the world they may have separated from you in distance or in closeness but there are things you can do…
SS checks projected to increase the most in 7 years
As we all know, dining out, gas, groceries, and other expenses have been on the rise over the last 10 years but unfortunately Social Security (SS) payouts have largely remained the same. A non-partisan senior advocacy group, The Senior Citizens League, has projected that SS checks will rise by 2.8%…
Options that will increase your social security check
American retirees today are less prepared than previous generations. Many retirees believe that you need over $1 Million dollars saved to properly retire. Yet, according to a BankRate survey in 2017 those aged 56 to 61 only have $163,577 set aside for their golden years. This indicates a huge dependence…
Are you leaving money on the table? What you may not know about Spousal Social Security benefits
As a kid I used to think that when I went off to school mom would sit around and eat bon bon’s and watch soap operas all day. Now that I am a father, I realize that Mom’s job was the toughest and most important job of all. Dad worked…
Will there be a correction to the Social Security increase for 2018?
After spending a lifetime paying into the Social Security (SS) system, over 60% of retirees depend on it for at least half of their retirement income. After funding this program, we are told that through mismanagement of funds the 3 Trillion in asset reserves for funding this program will be…
Reverse Mortgages used differently by the wealthy
As noted by Steven A. Sass of Boston College Center for Retirement Research: “Retirement planning generally focuses on the use of financial assets. However, home equity is the largest store of savings for most households entering retirement.” In fact, the 2010 US Census shows that the average American 65 and…
Most retirees are missing 82% of net-worth in their retirement plan
Do you imagine retiring to a tropical Caribbean beach living your days with a tropical drink in your hand, but maybe your savings is more in line with living at Motel 6 and bagging groceries the rest of your retirement? As we are reminded every time we go to the…
Dramatically increase your Social Security Check
Recent reports in the media have scared some people into feeling like they may never be able to retire. Previous generations saw many retire at age 50 because they had a nice pension and would receive social security payouts as well. Unfortunately today, so many have not properly prepared for…
