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Think a reverse mortgage isn’t for you? I dare you to read this article and not change your mind.
You are of Reverse Mortgage (RM) age and you don’t need the money. You should get a RM anyway. There is a powerful tool in a RM called a Line of Credit Growth Rate. On the HECM(Home Equity Conversion Mortgage) Annual program with an initial rate of 4.35% (plus monthly…
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…
Having trouble focusing? UCSF Neurology study shows a surprising source can help
Since the 1980’s parents have been telling their kids to stop playing video games on the threat that it will rot their brains. New research may prove this premise to be completely false. While too much gaming can decrease attention spans, a study from the University of San Francisco shows…
Protect Yourself From These Scams Targeting Retirees
The baby boomer generation continues to have a large affect on business in America. That is still true now that many are retiring. With the number of retirees increasing dramatically, more scammers have moved to targeting the older population. With that in mind, here is a list of some of…
Journal of Financial Planning research shows RM LOC can improve returns in stock market
Many people think that a reverse mortgage is a program for those running out of options, or those that did not sufficiently plan for retirement. This idea is false, as the program is a great tool for those that take the time to learn how to use it. A recent…
Why you should get a Reverse Mortgage LOC at 62, Especially if you don’t need any money now!
It has been said that compound growth is the most powerful force in the universe. Case in point, if a 16 year old today puts $2,000 away in a ROTH IRA until age 21 and lets it earn 9.4% interest annually (average stock market gain since 1926) this person would retire…
The Fastest growing Financial Planner accreditation ever
The American College of Financial services, which is the largest education provider for financial services, has been training financial planners to become more knowledgeable in their industry for over 88 years. “Our heart and soul is the financial services industry, and servicing and educating professionals and advisors in the industry,” says…
Reducing housing costs in retirement
You love your home, you raised your kids there and have so many wonderful memories and close friends nearby. But, you many find that your housing costs seem to rise every year. Twenty years ago most retirees went into retirement with their homes completely paid off. Today is quite a different…
The Federal Reserve Rate is set to rise for the first time in 9 years, how will it affect you?
Janet Yellen, arguably the most powerful person in the world, has continued to let the world know that the Fed is on track to raise the Federal Funds rate (the rate banks pay on overnight loans) in 2015. Since this rate has not increased for almost 9 years, you might…
Consider upgrading to a smaller home or apartment
When looking forward to retirement you may realize that you no longer need the large house your raised your children in. It has been a home and a great investment. Looking forward you may realize it would be better to have a single story home, that you no longer need…
Recent Posts
- Breaking: FED to cut rates by 50 basis points
- Underutilized Strategy of Retirement Planning: Potentially Prolonging 401k & IRA returns
- Massive uptick in Credit Card delinquency rates hits seniors the hardest
- Leveraging Reverse Mortgages to Strengthen Retirement Planning
- Simple ways to block spam phone calls
- What happens to your debt when you die?
- Navigating your finances after losing a spouse
- Use a Reverse Mortgage strategically for deductions when needed and grow the Line of Credit simultaneously ; Excerpts from “The Street” website (see link below)
- Breaking: FHA Reverse Mortgage loan limit increasing to over a million dollars in 2023
- Sure-fire way to improve your mood and stress level
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