As we enter the New Year, planning is on the minds of most people, especially those that are retired or considering retirement. A popular decision that often yields a big payoff is the downsizing your home for retirement. There comes a point w
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
The statistical significance of using a HECM for Purchase to buy a new home is almost nil relative to the prominent use of a traditional HECM Reverse for refinancing. There are several reasons the HECM for Purchase is rarely used. Heavy down paymen
The HECM for Purchase vehicle is an excellent tool but people are generally immediately turned off due to the heavy down payment. What they don’t realize is that it's more than just a home loan. It’s a terrific financial manage
When we hear the annuity pitch it starts out like this: Put a lump sum down in your early fifties and when you turn 65 you will begin to receive monthly payments. How much will I receive per month? Well that depends on the index, like the S &a
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