Tag: retirement peace of mind

use your home to stay at home

The cost of staying healthy in retirement

Without question, it costs a lot of money to stay healthy in America. When Dave and Linda retired they planned on twenty plus years of golf, travel and spending time with their kids and grand kids. They had (they thought) sufficient savings to carry themselves over those unforeseen expenses that are just part of everyday…

new retirement plan

The New Reverse Mortgage when you need a new retirement plan

I think we’re going to need a new retirement plan Many seniors they overlook the fact that as they age so does their home, their cars and everything else they own. When Steve and Rachel bought their home in 1990 they knew it would be their last move. Situated in a quiet senior community it…

The New Reverse Mortgage when there’s too much month left at the end of your money

Are you swimming in equity but drowning in debt? Without question Public Enemy #1 of a secure retirement is credit debit. Whether it’s your home’s mortgage, car payments, credit cards or even student loans. Those monthly payments and the accruing interest have countless baby boomers wondering how they will survive the next 20-30 years on…

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…

The New Reverse Mortgage working as advertised

HUD Says New Reverse Mortgage Updates Are Good For Everyone When was the last time you heard about a government loan program that worked as advertised? The FHA Home Equity Conversion Mortgage has come under a great deal of criticism since its inception in 1989. Some of the criticism was justified, some not so much.…

new retirement plan

What to do when retirement doesn’t go as planned

When retirement doesn’t go as planned…get a new plan The Scottish poet Robert Burns warned us that the “best laid plans…often go awry.” Robbie knew, even in the 18th century, that no matter how much we planned, reality had a way of checking in usually when least expected. Retirement planning used to be relatively easy.…