41.4 F
Westborough, US
Friday, February 22, 2019

Families at odds over financial planning

it is important to plan a detailed discussion, given the strong likelihood that older parents and their adult children have conflicting expectations about issues such as elder care, retirement security and inheritance.

One out of every five older Americans are financial swindle victims

More than 7.3 million older Americans — one out of every five people over the age of 65 — have been victimized by a financial swindle, according to a new survey by Investor Protection Trust (IPT)

7 resolutions for retirees in 2012

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.

Retirees turn more attention to personal legacies

Life histories, ethical wills and video recordings are just some of the ways people are leaving their personal legacies for loved ones. Their use is becoming more common and small businesses are emerging to meet the demand.

The ins and outs of reverse mortgages

By Alain Valles “I heard reverse mortgages are bad” is the response I often receive when I tell people what I do. Fortunately, I don’t...

The new reverse mortgage: A wise decision

By Alain Valles You’ve worked hard, sacrificed for the kids, tried to save for retirement and chipped away at your mortgage. But now you need...

Retirees may find their benefits targeted for cuts

It’s a case of broken promises. A growing number of companies are reneging on health insurance and other retirement benefits, leaving retirees scrambling and sometimes uninsured.
Alain Valles, CRMP, CSA, MS, MBA

Reverse mortgages – What’s the process?

By Alain Valles, CRMP, CSA, MS, MBA Too many ads and TV commercials only highlight the benefits of reverse mortgages, and are silent about the...

Should I stay or should I move?

Real estate values continue to increase but so do major living expenses. Does it make more sense to downsize or figure out a plan to remain financially independent at home?  It reminds me of the old Clash song - “Should I stay or should I go?”

Top ways to use a reverse mortgage

Reverse mortgages, also called Home Equity Conversion Mortgages (HECMs), are government-insured loans that allow qualified senior homeowners to convert illiquid home equity into available tax-free cash for immediate or future use. Although reverse mortgages have been available since 1987, they still only account for about 1 percent of the total mortgage industry.
Your browser is out-of-date!

Update your browser to view this website correctly.Update my browser now