“Needs-based” borrowers aren’t the only ones worried about retirement More Americans are having a retirement panic attack. Some never saw it coming. Of course, throughout the decades of our working life we know eventually we need to have the means to retire without income from our job, yet still,
Financial Columnist Argues When a HECM Should be a ‘Last Resort’ For decades the federally-insured reverse mortgage, or HECM, has been generally viewed as a ‘loan of last resort’ by both the media and the financial planning community at large. In recent years, our industry has made notable inroads with
The Implications for Financial Professionals Warrant a Second Look It’s one of the biggest game-changers for financial professionals: the expanded definition of a fiduciary by the Department of Labor under the ERISA act. The rule extends beyond those managing assets to include those giving investment advice for a fee or
Some people say they have "made arrangements" in the event of a crisis — but have they done enough preparation for their own departure?
The time is ripe for reverse mortgage to play a grander role as a possible way to fund one's elder years, since even part-time positions after retirement are unlikely to generate the income level needed to keep pace with the rising cost of living, or unexpected health care expenses that
One of the most touted benefits of a reverse mortgage is the peace of mind that comes from knowing that as a senior ages, they'll have the funds they need to remain in their beloved home, pay the property taxes and upkeep, and still have enough left over to be
We speak of furniture or photos having a "glossy finish", but what about people? Are you preparing now to finish well?
The following commentary is by James E. Veale | CPA, MBT Advice About Reverse Mortgages The more I read and hear so called financial advisors presenting the use of reverse mortgages, the more troubling it becomes. For example, one California reverse mortgage broker who allegedly provides retirement advice has issued