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  • Pros and Cons of a Reverse Mortgage on the Today Show

     NBC’s Today Show highlighted the Reverse Mortgage this morning. Just last month you might remember the Today Show answered a Money 911 question about a Reverse Mortgage. This morning on the Today Show in “Today’s Money” segment, financial editor Jean Chatzky gave a crash course on Reverse Mortgages. Some of the pros the Today Show [...]

  • Second Career Jobs Baby Boomers Should Consider

    Retirement isn’t for everyone. Sometimes seniors retire and think they would have all this free time to do all the things they wanted to do. Then they realize there wasn’t a lot they wanted to do. This happens to many seniors who retire too soon. Instead of getting back into the line of work they [...]

  • Using a Reverse Mortgage for Retirement Income

    Earlier this year Barry H. Sacks, Ph.D.(a tax attorney) and Stephen Sacks, Ph.D. (professor of economics at the University of Connecticut) proved through analysis that a Reverse Mortgage credit line can lead to “substantially greater cash flow survival probabilities” for people who are planning for retirement. The article was published in the Journal of Financial [...]

  • Top Scams Affecting Seniors

    With the consent changes in technology it has become easier and easier for people to scam older generations. People over the age of 65 are the target of scammers because older people usually have a nest egg of money, have good credit, own their own home and may be under more medication. All of these [...]

  • Reverse Mortgage Line of Credit Compared to a HELOC

    If you are looking for some extra cash to have on hand in case of an emergency or just to have a safety net in your golden years, you may be looking at a Home Equity Line of Credit (HELOC) or a line of credit with a Reverse Mortgage. Before you make a decision, let’s [...]

  • Reverse Mortgages on the “Today Show”

    NBC’s Today Show talked about a common question with Reverse Mortgages, how does it affect families. In a segment called Today’s Money 911, special guests Jean Chatzky, author of “The Money Blues”, David Bach, author of “Debt Free For Life”, and Sharon Epperson, CNBC’s personal finance correspondent discussed the topic of Reverse Mortgages and families. [...]

  • 8 Smart Ways to Spend Your Tax Refund

    It is tax time again! If you are getting a refund you have a lot of options to what you can do with your windfall. Below is a list of eight smart choices you can make with your tax refund. 1. Medical expenses If you have medical bills that need to be paid, this is [...]

  • Financial Checklist for Retirement

    The road to retirement has become quite a bumpy road. It takes a lot more planning and preparation to retire. Although it is more challenging to retire now more than ever, there are still plenty of things you can do to prepare for retirement. Below is a checklist to prepare for retirement and help you [...]

  • 5 Home Improvements and What it Can Cost You

    One of the most popular things people do with the proceeds from their Reverse Mortgage is take care of some home improvements. Home improvements are a great way to add value to your home and also make your residence exactly what you want it to be. These home improvements can get very costly. Here is [...]

  • A Reverse Mortgage and Your Benefits

    A common concern you may have with a Reverse Mortgage is will your benefits be affected when you receive a Reverse Mortgage? Will you still be able to collect Social Security? Will your pension be affected? What happens to your Medicare or Medicaid benefits? There are a lot of myths about what happens to your [...]

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