Want to retire cheap? Baby boomers planning to retire are finding a new obstacle that their parents and grandparents didn’t face: living longer. This means that boomers have to be more diligent in their budgeting and savings, and need to stay in control of their life and adjust to living on a fixed income. It’s easy to… Read more »
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 »
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 »
I can understand that a lot of people were hesitant if their spouse was under 62 to apply for a Reverse Mortgage. Many people feared the fact if they pass away what will happen to their spouse. Many questions arise such as: Will my spouse be kicked out of our home when I pass away?… Read more »
Unfortunately, there are many misconceptions and myths out there about Reverse Mortgages. It seems like uneducated individuals are spreading around the wrong facts about reverse mortgages. Remember not to listen to anyone and do you own research before making a conscientious decision about a reverse mortgage. Reverse Mortgage Myths There are a few myths that… Read more »
Before the dust of the 2008 economic downturn settles, Americans — and the government — should prepare for what will be another substantial hit to the housing market, says analyst and former Goldman Sachs executive Joshua Pollard in a recent report sent to the White House. “There is humbling proof in high probabilities,” Pollard writes… Read more »
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