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    Poverty Among Retirees is More Common Than You Think A recent study has revealed that fully one third of all soon-to-be-retired American workers will likely live at or below the poverty line. Poverty among retirees is due in no small part to the fact that fewer Americans than ever before have access to… Read more »

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Plan for Retirement When it comes to saving for retirement, most Americans under the age of 30 probably haven’t even considered it. Big mistake. The sooner you can plan for retirement, the better. Retirement saving isn’t something you should wait to do right before you retire. In fact, the sooner you start saving for your… Read more »

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  Reverse Mortgage Financial Assessment HUD announced that effective with all new case numbers issued on March 2, 2015, all borrowers would be subject to the New Reverse Mortgage Financial Assessment as outlined in the Mortgagee Letters. The changes to the program are sweeping and as of the writing of this announcement, we have not even had… Read more »

social security benefits cut

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Social Security Benefits Cut Alot of seniors are not aware if they retire early their social security benefits can be cut drastically. A typical social security retiree can start taking benefits as early as age 62, but your income will be substantially higher if you are willing to wait. Don’t let your social security benefits get… Read more »

poor savings habits

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As we speak to more and more seniors close to retiring we are noticing that many are very insecure about retirement. The major reason is uncertainty with the economy, poor savings habits, and financial markets. Poor Savings Habits Hurt You in the Long Run The typical working household close to retirement age had only 111k… Read more »

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Reverse Mortgage Cooling Off Bill: What to Know We just recently found out that the beautiful state of California has passed a new legislation pertaining to the Reverse Mortgage program.  As I read the bill I ask myself is this a good thing or is this just another step that prolongs the already long process… Read more »