Experts: what homeowners should do in a softening market
Are we headed for a major market crash? Are there things to consider like reverse mortgages to help weather eroding market conditions? Several experts weigh in with their advice...
Social Security
Reverse borrowers encouraged to seek assistance
The office of the California Attorney General Rob Bonta published an alert last week encouraging state residents impacted by the Covid-19 pandemic to seek assistance to repay house payments.
Should I sell and rent or get a reverse mortgage?
Unable to use the embedded player? Listen here. EPISODE #730 Should I sell and rent or get a reverse mortgage? One 82-year-old woman writes a Money Sense columnist saying her savings are draining fast and she wants to know if she should move & rent or consider a reverse mortgage.
Alternatives to Social Security for retirement cash flow
Unable to use the embedded player? Listen here. EPISODE #724 Alternatives to Social Security that provide income in retirement There are several ways to generate income or cash flow in retirement; some are completely overlooked… Other Stories: New York issues letter to those originating co-op reverse mortgages Most will age
A stock market downturn can wreck retirees’ savings. How to combat the risk
Unable to use the embedded player? Listen here. EPISODE #707 A lasting stock market downturn can be a big problem early in your retirement. How to combat that risk [CNBC | Sarah O’Brien] The major indexes have had a rough week. “If there’s a downturn early on, it can derail a
Two things that should be in every retirement plan
Two assets are typically ignored in retirement financial planning. One is Social Security claiming, that is the most advantageous way to structure Social Security benefit payouts. The other is...
Why a 6% increase in Social Security may fall short
Social Security recipients are slated to receive a six percent cost of living adjustment or COLA in 2022, that thanks to a historic spike in inflation. The benefits increase would be the largest in nearly four decades
MSN: 9 Reverse Mortgage ‘Scams’
MSN: Because reverse mortgages can be a ready source of cash, fraudsters might encourage seniors to apply by making misleading claims or committing outright fraud. Some pitches include:
