ARCHIVED BLOG POSTS
2013
13
Comments
Aging in Place Becomes More Prominent Aging in Place is becoming more important even as long term care costs continue to rise. While some retirees or future retirees consider, and insist, on moving, others want to stay where they are comfortable, in a place they have called home for many years. I...
11/25/2013
3
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Is Right Now the Worst Time to Retire? It has been said before and I'll say it again: retirement is slowly becoming that far off dream that everyone hopes to achieve but few ever do. It's important to also note that the retirement I'm talking about is the textbook definition of retirement: "relax...
11/24/2013
0
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Why Age In Place With a Reverse Mortgage? The first thing to consider…is whether or not you want to age in place. When you chose to age in place, you chose to live in your home, comfortably and safely, until the end of your days. This is particularly important if you cherish your home, your neigh...
11/22/2013
"I'll Just Live Paycheck to Paycheck and Never Worry About Saving." An article, published in MoneyNews, offered some shocking, but ultimately unsurprising satistics: 46% of Americans have less than $10,000 saved for retirement. (Employment Benefit Research Institute) 40% of baby boomers now plan ...
11/22/2013
"There's No Place Like Home" or "A Home Away from Home"? Where Will Baby Boomers Live During Retirement It's a question many baby boomers are probably asking themselves as they enter retirement. The possibilities are endless but so are the possibilities of enjoying your retirement with a reverse ...
11/21/2013
Reverse Mortgage Changes May Still Need Some Clarification While the rush for baby boomers hoping to apply for the reverse mortgage program, before the new changes are implemented has died down, this doesn't mean that the industry still doesn't have some questions for FHA regarding the changes. A...
11/21/2013
4
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The Sky's the Limit... on Long Term Care Costs Nursing home care, or in-home care, is expensive and the costs continue to raise, according to an article published by Reverse Mortgage Daily, which cites the findings of a survey involving more than 16,000 care providers nationwide. While the costs...
11/20/2013
6
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How to Make Your Home "Retirement Ready" Moving when you're entering retirement, or worse yet, when you've been in retirement for a few years, is the worst. I know because I've moved, we all have, and it's always a hassle. Where do I move? How fast can I sell my house? How fast can I get a new h...
11/19/2013
Funding Retirement…With a Little Help From My Friends While the reverse mortgage changes have already been implemented, there were many seniors who tried to beat the rush beforehand by applying for a reverse mortgage before September 30. The reverse mortgage has become a secondary source of inco...
11/19/2013
8
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What's a Baby Boomer to Do? With More Debt During Retirement... It's troubling to see that the debt that continues to trouble baby boomers as they enter their retirement is showing no signs of slowing down. In fact, according to an article published in the New York Times, the Consumer Financial P...
11/18/2013
Rainmaker
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Phil Stevenson, CRMP
"Mortgage Nerd" in Miami, Florida and Texas