The earliest age you can sign up to receive retirement benefits is 62, but many seniors wonder if that is the ideal time to sign up. There is no right or wrong answer, but you should know that claiming your Social Security benefits early can cost you in the long run. It is extremely important […]
From Reverse Mortgage Daily By Alex Spanko | December 7, 2017 For the second year in a row, the lending limit for federally backed reverse mortgages is increasing. The Department of Housing and Urban Development on Thursday announced a maximum claim amount of $679,650 for calendar year 2018, up from $636,150 this past year. HUD […]
Excerpts from Journal of Financial Planning by Peter Neuwirth, FSA, FCA; Barry H. Sacks, J.D., Ph.D.; and Stephen R. Sacks, Ph.D. Using home equity to enhance retirement income is an emerging topic in the financial planning profession. Research on strategies for tapping home equity to boost the sustainability of retirement income drawn from securities portfolios, […]
Reverse Mortgage can help you leverage your home equity From downsizing to cashing out with a reverse mortgage, your home can be a major source of income in retirement. CBS News business analyst Jill Schlesinger talks about how to protect your house and your equity in retirement. (Source: CBS News)
By Carl Richards | June 21, 2017 “How can I feel fine?” That’s what Julie Elman, from Ohio, wants to know. Julie is 57, retirement is right around the corner, and she’s worried. Despite doing “all the right things,” whenever she spends time reviewing her financial situation, Julie never, ever feels fine about the finance […]