Are Communities Unprepared for Retiring Americans?
I don’t know if I sound like a broken record or not anymore but I think it’s important that everyone knows the dire retirement planning state the nation finds itself in. In the latest of what seems to be never-ending bad news for current and future retirees, the United States of [...]
“Can I Refinance a Reverse Mortgage?” Know Your Options.
Why would you refinance a reverse mortgage? Recent factors, such as current home value and FHA value limits, have changed, making it beneficial to refinance your reverse mortgage loan, especially if the value of your home has risen while value limits have lowered. ***The higher the value limit, the less money [...]
Low Cost HECM Reverse Mortgage Counseling
Affordable HECM Reverse Mortgage Counseling For the protection of older homeowners, considering a reverse mortgage, the Federal Holusing Administration requires them to attend mandatory reverse mortgage counseling and come back with a signed document that confirms they attended their counseling session. The Department of Housing and Urban Development approved an allocation of $40 million for reverse mortgage [...]
Reverse Mortgages Offer Baby Boomers Retirement Security
At the beginning of August, the Boston College’s Center for Retirement Research-sponsored Washington Conference discussed “Retirement Security in Changing Times.” During the conference, the value of reverse mortgages on retirement planning was also discussed, leading to some surprising findings, according to the National Reverse Mortgage Lenders Association. Many Americans who want to retire [...]
The Biggest Retirement Concern…
The Biggest Retirement Concern… Financial Security The finance problem continues to be…well, a problem. Older Americans are looking at their finances and starting to worry more about their income during retirement than the deterioration of their health. It’s shocking to say the least, especially because health problems can often lead [...]
Retooling Retirement: Baby Boomers and Beyond
“People in their 40s and younger have some time to retool their plan, but Baby Boomers need to think with more urgency,” says Philip Rousseaux, founder and president of Everest Wealth Management, Inc, explaining how retirement planning has changed, published in Life After 50. I have to agree. One of the benefits [...]
