Financial

More Baby Boomers turn to Reverse Mortgage

~ By Jim Doyle ~ According to a study recently released by Fannie Mae, more baby boomer retirees have mortgage debt than those retirees who were born between 1931 and 1935. “Paying off the mortgage, once a widespread rite of passage for homeowners approaching retirement has become less common in recent years,” wrote Patrick Simmons, […]

Thinking Global? Think ADRs

~ By Herb White, CFP, MBA ~ There’s a whole big world of investing opportunities out there, yet many investors have shied away from international markets, concerned about the costs, complexity and potential risks. You may be able to minimize risks and gain a convenient avenue to deal in foreign markets is with American Depositary […]

Market Bubble? Reminders for Investors

~ By Herb White, MBA, CFP ~ In the world of investments, people who understand the nature of bubbles and busts and heed the warning signs ultimately fare better than those who throw caution to the wind, preferring to trust what is ultimately just luck. One of the truisms about the markets is that every […]

Age in Place with a Reverse Mortgage

~ By Jim Doyle ~ “I’ve lived in my home for over 30 years. I didn’t want to leave it and go where I don’t know the neighbors. A reverse mortgage allowed me to have the security of staying in my home without a mortgage payment. That increased the money in my monthly budget. What […]

Test Your Investor IQ

~ By Herb White, MBA, CFP ~ If you are an investor, or are considering investing in the markets, start with this test. T or F Stocks are more likely to provide higher rates of return than bonds or money market investments. TRUE Today as always, stocks are the first and foremost avenue to greater […]

Experts Weigh In on Reverse Mortgages

~ By Jim Doyle ~ Reverse Mortgage – Is it the name, or the actual loan product that causes people to shy away? Apparently, it is the name. When presented with the description of what a reverse mortgage can do vs a traditional HELOC on which payments must be made, the vast majority of people […]

Understanding Risk

~ By Herb White, CFP, MBA ~ Few terms in personal finance are as important, or used as frequently, as “risk.” Nevertheless, few terms are as imprecisely defined. Generally, when financial advisors or the media talk about investment risk, their focus is on the historical price volatility of the asset or investment under discussion.

Reliability – Accessibility – Expandability – Flexibility – Insurability

~ By Jim Doyle ~ In a blind “taste test” recently, a large sampling of seniors were told the pros and cons of obtaining two financial products without revealing the names of those products. The overwhelming majority chose the product that offered Reliability – it could not be cancelled, reduced or frozen; Accessibility – qualifying […]

More Baby Boomer turn to Reverse Mortgages

According to a study recently released by Fannie Mae, more baby boomer retirees have mortgage debt than those retirees who were born between 1931 and 1935. “Paying off the mortgage, once a widespread rite of passage for homeowners approaching retirement, has become less common in recent years,” wrote Patrick Simmons, director of strategic planning for […]

Six Keys to More Successful Investing

~ By Herb White, CFP, MBA ~ A successful investor maximizes gain and minimizes loss. Though there can be no guarantee that any investment strategy will be successful and all investing involves risk, including the possible loss of principal, here are six basic principles that may help you invest more successfully.

Nobel Laureate Advocates Reverse Mortgages

~ By Jim Doyle ~ Robert Merton is a distinguished professor of economics at M.I.T. who won the Nobel Prize in 1997. He also looks to reverse mortgages as a good way to fund longevity in an effort to improve retirement income security. Merton states that “one must pay for their consumption both during their […]

Retirement Solutions

~ By Jim Doyle ~ Everyone knows that people are living longer. Consequently, retirement is lasting longer. This is a good thing! But, what if your retirement income is not keeping up with the extra years with which you have been blessed? What if your 401(K) was hit hard in 2007 – 2008, and has […]

Experience a Better Retirement

~ By Jim Doyle ~ “I was strapped for cash to pay for medications, and the city told me I had to clean up and landscape the front yard, or else! Without my reverse mortgage, I would have lost my home. I could not have paid for my medications; I would have had to go to […]

What to do About Selling a Parent or Sibling Home After They Pass

Selling a home brings to light a lot of responsibility and financial decisions for yourself. There is also an option of renting it for an income stream. If you have never been a landlord this is not a great time to start on your own. Get some help if you are entertaining this thought. When […]

Life Insurance and Financial Planning – How Do They Tie In?

~ By Herb White, MBA, CFP ~ When it comes to finances, many people believe that financial planning and life insurance are as unrelated as night and day. Their thinking is that financial planning is concerned with investments, taxes, retirement and estates, while life insurance is only for providing a “death benefit.” Yet, life insurance […]