Medicare is extremely important for older adults. It helps with hospital visits, routine care, specialty visits, and prescription drug costs. However, it isn’t free. Medicare, just like any other type of insurance, requires individuals to pay premiums, deductibles, and co-pays. These costs can be a huge financial obstacle for individuals living on fixed incomes. Luckily, […]
Financial
These are challenging times. Like everyone, you are concerned about keeping your family safe and healthy, and you’re doing your part to help protect your community from the effects of the coronavirus. And if you’re an investor, you must also address your financial situation. How should you respond to the current market volatility and recent […]
Millions of Americans fall into the “people with grandchildren” category, and many are concerned about helping their grandkids financially. In a recent national AARP survey, most grandparents have, on average, four to five grandchildren.Those grandparents spend an average of $2,562 annually on their grandchildren, about $179 billion per year.
“When I looked into a reverse mortgage, I didn’t know what my kids might think! Turns out they encouraged me! They wanted me to be able to enjoy my retirement without worrying about bills every month. I am so glad that I did it! A reverse mortgage was just right for me.” ~RJ With a […]
The word “estate” conjures images of great wealth, which may be one of the reasons so many people don’t develop estate plans – after all, they’re not rich, so why make the effort? In reality, though, if you have a family, you can probably benefit from estate planning, whatever your asset level. And you may […]
For those 62 and older that are planning to stay in their home, obtaining a Home Equity Conversion Mortgage (HECM) more commonly known as a Reverse Mortgage, through a qualified reverse mortgage broker is all part of a beneficial financial planning strategy.
By Jim Doyle ~ Technology really is amazing. There are so many things possible via a computer or phone that weren’t possible a decade ago. For people who struggle with mobility, this is a life saver! However, there are still areas where face-to-face communication is preferred. Certainly, the best option of all is a company […]
By Jim Doyle ~ It’s November—already. Every year I’m surprised by how quickly the holiday season arrives. This time of year is filled with food, memories, and my favorite, the Christmas light displays! It can be an expensive—and certainly stressful—time if your budget is stretched due to a fixed income.
By Jim Doyle ~ Are you one of the estimated five million Americans 62 years and older who have a HELOC (Home Equity Line of Credit) as either your first lien or second mortgage? Many home owners have been paying interest only and are nearing the time for their HELOC to reset with a higher […]
By Jim Doyle ~ According to author Wade Pfau, Ph.D., CFA in article in Retirement Researcher, financial planning research has shown that coordinated use of a reverse mortgage starting earlier in retirement outperforms waiting to open a reverse mortgage as a last resort option once all else has failed.
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.
The July 13th, 2019 radio programs, Your Money Your Retirement airing at 2:00 pm on 630 KHOW and KOA Q & A with Ed Greene airing at 7:30 am on 850 KOA, hosted by Ed Greene and Colorado Retirement Expert Linda Gardner will feature the #1 New York Times Bestselling author of The Automatic Millionaire, […]
By Jim Doyle ~ If you have paid off your home and have no mortgage, you have done well and should feel proud of your accomplishment. It took faithfulness and sacrifice to achieve that mile marker. Your home is likely your greatest asset, and yet the money that is in the home, your equity, is […]
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