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Estate Plan Key Component - Protecting the Family from Money

Estate Plan Key Component - Protecting the Family from Money

When we die it is often said that we need an estate plan that encompasses a will or a trust.  There are also other documents like medical directives and power of attorney.  The establishment of a proper plan is important but, in my opinion, a cr

Nov 12, 2016 | Retirement Planning HECM Reverse Mortgage Seniors Financial Planning Estate Plan

Strapped retirees are turning to reverse mortgages - Anna Robaton, special to CNBC.com

Good article that touches on the benefits, the protections, and the risks associated with a HECM Reverse Mortgage. With the first line of baby boomers recently turning seventy and faced with securing their retirement, this will become a go to program

Jun 29, 2016 | Reverse Mortgage Retirement Planning Seniors Financial Planning Retirement security

Should You Take a Reverse Mortgage Now, or Would It Be Better to Wait?

Good Huffington Post article that brings up a very important point which I have stressed in previous blogs.  In answer to the title's question, no you shouldn't wait. When a retiree really doesn’t have a comprehensive plan, waiting to t

Apr 14, 2016 | Reverse Mortgage Retirement Planning HECM Reverse Mortgage Financial Planning Eligibility for Reverse Mortgage

New Math on Reverse Mortgages - Wall Street Journal

New Math on Reverse Mortgages - Wall Street Journal

The constructive nature of the use of a reverse mortgage is the key take away from this article.  The government has changed the program to protect retirees not only from getting in trouble with the program but also from themselves.  Big brother

Mar 29, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Planning

Is a reverse mortgage right for you? CNBC Article Response

A Reverse Mortgage provides a unique advantage to retirees with home equity seeking supplementary income.  In addition to additional income it also provides the opportunity to pay off existing mortgages and home equity lines to free up additional mon

Mar 23, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income HECM Reverse Mortgage Financial Planning

Are you Eligible for a Reverse Mortgage?

Qualifications for HECM Reverse Mortgages have gotten tougher since early 2015.  FHA’s addition of financial assessments has shifted the main emphasis from age and property value to residual income, credit and debts.  The issue is less abo

Feb 23, 2016 | Reverse Mortgage Retirement Planning supplemental retirement income Seniors Financial Planning

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