By Alain Valles, CRMP, MBA, CSA, Managing Director, Helping Hands Community Partners, Inc. “If you give it out in slices it comes back in loaves.” As...
Retirees may be past the days of resolving to work out more or buy fewer $4 coffees. Yet when it comes to money in particular, resolutions may be even more important for those living on fixed income.
The days of being able to count on averaging 10 percent annual returns from the stock market are over. So, it is important for retirees to know just how much they can take out of their portfolios every year without drawing them down too fast.
It’s unusual to feel financially well prepared for retirement. That’s due partly to the poor performance of stocks over the past decade. But mostly it’s due to not socking enough money away.
The effect may not be very noticeable in the short run. But by the time you’re deep into retirement, inflation can deal a devastating blow to your savings.
If you own your own home and believe that it is protected because you have a Declaration of Homestead it is important that you and your loved ones fully understand the law.
It is estimated that about five million Americans suffer from Alzheimer’s disease, and about 360,000 people are newly diagnosed each year.
You’ve heard the word reverse mortgage and likely know that for those who qualify they can receive a lump sum of cash, a monthly stream of cash, a line of credit that grows over time, or any combination of the three. All without ever being required to make a monthly payment for the rest of their lives as long as the real estate taxes and insurance are paid and other guidelines met.
By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted) Many have heard the words “reverse mortgage,” but few have a clear understanding of...
Reverse mortgages have been around since 1987 and have helped hundreds of thousands of older homeowners to live in their homes and have access to cash. Reverse mortgages are the most heavily regulated loan program in the country with periodic government changes to continue to strengthen the program.