Most of us look forward to the day we can retire. However, the realities of living on a fixed income can be daunting. Because of this difficulty in predicting the future, diving into the details of a retirement plan with anyone other than your spouse probably seems like an unappealing endeavor. In fact, discussing your… Continue Reading What Your Family Should Know About Your Retirement Plans
Transitioning into a comfortable retirement typically requires hard work, careful planning and the ability to reconcile your financial health with long-held aspirations. However, if retirement is nearing and the resulting fixed income threatens to derail the lifestyle you imagined, an underutilized and often misunderstood tool could get you back on track. Add Income, Reduce Costs… Continue Reading Make A Fixed Income Work: Refinancing A Traditional Mortgage Into A Reverse Mortgage
The fact that most of us can expect to enjoy a longer, healthier retirement than previous generations is certainly worth celebrating. However, it also requires careful consideration of the financial implications that come with a retirement that could last 40 years or more. Give Your Plan A Second Look If your retirement date is approaching,… Continue Reading Living Longer And Healthier: Is It Time To Rethink Your Retirement Plan?
For many, a home is filled with the things that matter most. Whether it’s beloved family, most-treasured memories or favorite possessions, their importance makes a house much more than just a place to live When it comes to homeowners in retirement, or those nearly there, a home also offers something else that shouldn’t be overlooked—equity.… Continue Reading Make The Most Of Your Home In Retirement
While a Home Equity Conversion Mortgage (HECM), or reverse mortgage, can be a smart financial tool for those needing to supplement their retirement income, its possible ability to protect a well-funded nest egg is easy to overlook. As retirement approaches, even those with a solid financial plan may fear the damage an ill-timed market downturn… Continue Reading Protecting Your Retirement Plan With A Reverse Mortgage