Tag: retirement worries

use your home to stay at home

To stay at home…use your home

We have some Good News and Bad News about your retirement The Good News – You’re likely to live a retirement of more than 30 years… The Bad News  –  You’re likely to live a retirement of more than 30 years… When surveyed 83% of senior citizens expressed a desire to stay in their home…

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…

Don’t let the Tax Torpedo sink your retirement

Will the Tax Torpedo sink your retirement? Benjamin Franklin is credited with coining the phrase “nothing is certain but death and taxes”. Viewing retirement in 2018 through an admittedly imperfect telescope, we can say Ol’ Ben hit the nail on the head. There is a deadly tax lurking just beneath the surface of what seems…

25 retirement solutions with The New Reverse Mortgage

Reverse Mortgage to the Rescue – 25 Ways to Use Your Home Equity “Self-sufficiency, the greatest gift you can give your family” During our working years, most of us spend our earnings supporting our home. When we retire, it seems only fitting that our home help support us. Home equity is our most valuable asset.…

Exposing the Reverse Mortgage Foreclosure Myth

Reverse Mortgage foreclosure – “fake news” A recent article in the Washington post headlined: More Seniors taking loans against their homes – and it’s costing them. It details the story of a 92 year old woman in Washington D.C. who took out a reverse mortgage and is now facing foreclosure. The foreclosure proceeding are actually…

Will you be the “new normal” in retirement?

The Housing Bubble and the new normal If you’re one of the countless number of seniors heading into retirement carrying housing related debt, then you are the new normal. When the housing market bottomed out in 2009 it put pre-retirees in a precarious position. Not only did their investment accounts take a hit but most…