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Are you getting a 2nd Stimulus check?

The Health and Economic Recovery Omnibus Emergency Solutions (HEROES Act) has already passed the House of Representatives and is set to go through the Senate for a vote. If it passes, it is likely President Trump will sign the Act. He was cited by his aides that he is “largely supportive of sending Americans another round of stimulus checks, expressing the belief that the payments will boost the economy”. This would qualify families for up to $6,000 per household.

Public & Private benefits checkup program

The Federal government is constantly growing and expanding.  In a 2015 Senate Judiciary Committee hearing, Chairman Chuck Grassley (R-IA) noted: “The Federal Register indicates there are over 430 departments, agencies, and sub-agencies in the federal government.”  How is a retiree supposed to be aware of all of the possible programs…

How much money is left to your kids after a Reverse Mortgage?

Have you ever thought about a reverse mortgage but worried you wouldn’t leave an inheritance for your kids if you got one?  If you tell one of your friends you are thinking about getting a reverse mortgage, you might hear, “Don’t do that, they will take your home.”   Even trusted…

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…

Downsize to apartment or smaller home in retirement? Look back 15 years to anticipate the future

I recently met with “Helen” as she was in the process of selling her home she had purchased in LA County 30 years ago.  Her home value went up a whopping $600,000 of which she will be able to keep about $300,000 after paying off mortgage and realtor fees.  Helen…

HERO/PACE loans can now be paid off with a reverse mortgage

The United States has bet heavily on solar power, to the tune of 39 Billion in annual solar subsidies.  California has also heavily invested in solar power with over $250 million dollars spent helping homeowners to install solar panels on their rooftops, energy efficient windows and doors, heating and cooling…

The Good, the Bad, and the Ugly of HERO home improvement loans

I have some clients that had a broken down A/C unit in their home.  They live in the desert and had to make a decision quickly with Summer fast approaching. They came across the HERO program and found it as an easy way to pay for a brand new system…

Don’t go broke in retirement, avoid these mistakes

After all the years you’ve spent building your nest egg for retirement and the hard work you’ve put in, you’ll want to be extra careful in order to avoid spending your money too quickly. In addition, you’ll also want to watch out for tax traps and fraudulent scams that can…

How much money have you left unclaimed from the government?

  Years ago, I had a savings account set up at First Interstate bank in California.  My local branch was closed while I was living out of state and the money in my account was given to the FDIC (Federal Deposit Insurance Corporation).  I had completely forgotten about this account…