Category: Reverse Mortgage to the Rescue

medicare surcharges

Save thousands of dollars on Medicare surcharges

In case you haven’t heard Medicare surcharges are on their way up The Collins Dictionary defines “surcharge” as: A surcharge is an extra payment of money in addition to the usual payment for something. It is added for a specific reason. Medicare ushered in a new income scale as the basis for Medicare high-income surcharges.…

medicare donut hole

Taking the bite out of the Medicare “donut hole”

The Medicare donut hole is catching countless seniors unaware As we get older taking prescription drugs is a fact of life and the costs of these drugs continue to skyrocket. In simpler times retirement planning was less complicated than it is for us today. There were more defined benefits retirement plans that provided you with…

involuntary retirement

The New Reverse Mortgage…When staying in your home is your first priority

The best time to plan your retirement is before the boss does! Getting a pink slip along with your paycheck can be devastating, for baby boomers it can be life changing. Call it what you like but at 65 Norm knew a pink slip meant he had just met “involuntary retirement” There aren’t many options…

The New Reverse Mortgage when you’re house rich but cash poor

The New Reverse Mortgage for when you’re house rich and cash poor Frank and Lola had lived in and around San Diego for most of their lives. As much as they would like to stay in America’s Finest City, they really wanted to downsize and be closer to their kids, grand kids (and soon to…

life throws a curveball

The New Reverse Mortgage when life throws you a curveball

When life throws you a curveball it’s the opportunity of a lifetime to hit it out of the park! John and Linda were like most retirement couples, they wanted to see if a Reverse Mortgage fit into their retirement plans. John was 70 and Linda had just turned 68.   John had worked for the…

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 a good starting point. Of course as an alternate plan you can continue to buy lottery tickets until you hit the big one. Unfortunately, in…