Category: retirement planning

Conventional wisdom of reverse mortgages

Conventional wisdom is not always wise

When it comes to The New Reverse Mortgage is conventional wisdom always wise? Historically, home equity has been the “sacred cow” of retirement planning, only to be used as a last resort and not at all if possible. This ‘conventional wisdom” has created a generation of retirees who are “house rich but cash poor” and…

retirement test drive

Taking retirement for a test drive

Before Retirement, Try Spending Like a Retired Person Millions of baby boomers just like you are approaching retirement with a great deal of anticipation. That apprehension you’re feeling in the pit of your stomach is normal. Many things in your life are going to change, some good, some not so good. Retirement is going to…

bridging SSI gap

Bridging the SSI Gap with The New Reverse Mortgage

When is the best time take SSI?…When you need it most For many of us taking our Social Security benefits at 62 sometimes is an economic necessity rather than an option.  But the longer you wait the more SSI you’re entitled to. If you wait until you reach age 70, your monthly Social Security Benefit…

family M word discussion

Discussing the dreaded “M” word with your family

By taking care of yourself now, you and all those who are close to you can breathe a sigh of relief and live long and unencumbered lives. Related: 25 ways to use The New Reverse Mortgage Money and family chat an oxymoron? For many families, the words parents, money and family chat never appear in…

retirement planning

Retirement planning by glancing back

Forward Retirement Planning sometimes requires glancing back Those who cannot remember the past are condemned to repeat it. – George Santayana Because Life Happens! When we retire and drop out of the 9 to 5 workforce, it’s easy to settle in and watch the world go by. But if you’re thinking that the ups and…

perfect retirement strategy

Using your home to stay at home the perfect retirement strategy?

What is the perfect retirement strategy? I’m not sure there’s a single right answer but having the peace of mind to know your retirement portfolio will last 20-30 years is likely a good starting point. Of course as an alternate plan you can continue to buy lottery tickets until you hit the big one. Unfortunately,…