Would Your Retirement Plan Hold Up In Court Would Your Retirement Plan Hold Up In Court. Interesting story I found in Forbes. That was the question I was faced with recently when I was asked to be an expert witness. I enjoy doing this type of work, but it comes with a fair amount of…
Tomorrow’s Retirees Face Shortfalls, But Reluctant to Explore HECMs Many studies have explored the ways in which current seniors find themselves ill-prepared for their retirement years, but a new analysis from Boston College finds that the picture looks even bleaker for future generations. The vast majority of households aged 65 and older reported not having…
HUD Asks Reverse Mortgage Counselors: Any Slots Left? As housing counselors struggle to keep up with demand ahead of the new reverse mortgage rule changes, the Department of Housing and Urban Development is asking for their input and help. HUD’s Office of Housing Counseling on Thursday sent an e-mail, addressed to all approved Home Equity…
Reverse Mortgages That Work A path to provide retirees with financial flexibility and security. brought to you from Kiplinger Magazine and Scott Underwood- Reverse Mortgage Alabama. Many homeowners in or near retirement face a quandary. Their wealth is tied up in their home—two-thirds of the average retiree’s net worth is home equity—yet they’d rather not…
Reverse Mortgage Borrowers’ Top Retirement Risks. Retirement planning generally involves the balancing of potential risks to achieve the best outcome for a client. Over at The Retirement Cafe, blogger Dirk Cotton sees nearly 30 of them to consider, including both forward and reverse mortgage issues. Cotton identifies “housing problem risk” — including rises in mortgage…
Reverse mortgages have an image problem story in Investment News written by Mary Beth Franklin. A rose by any other name may smell just as sweet, but when it comes to a home equity loan, one that is labeled “reverse mortgage” just plain stinks. That’s the conclusion of new research released Wednesday by the National…
Retirement in trouble.Read CNBC’s “Your retirement is in trouble … what are you doing about it?” CNBC.com by Darla Mercado | @darla_mercado Americans are losing sleep over their ability to retire, but few are doing anything about it. Those were the findings from a recent retirement confidence survey conducted by the Employee Benefit Research Institute.…
USA TODAY Column: Most Americans can’t afford their lifestyle and still retire. by Peter Dunn When your favorite television show goes to commercial, one might get the impression the entire country is filled with millionaires. We drive amazing cars, we all have high-definition, curved-screen televisions and even if we have a serious medical condition which…
