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Saturday, July 31, 2021

Top uses for a reverse mortgage

By Alain Valles, CRMP, MBA, CSA You've heard the term “reverse mortgage,” but do you know how it works? A Home Equity Conversion Mortgage (HECM)...

Reverse mortgages: It’s about time

By Alain Valles, CRMP Reverse mortgages often conjure dire outcomes. But the facts are just the opposite. With changes to the government-insured loan program, formally...

Stock market concerns and your home

By Alain Valles, CRMP, CSA, MS, MBA Nonprofit Charitable Managing Director Stock market uncertainty and rising interest rates Ouch!  Stock market gains can be wiped out in...

Planning for retirement – Traditional IRA versus Roth IRA

By Joseph McManus, RICP®, Financial Planner, Prudential Advisors There are many vehicles used for retirement planning. One of the most common is the traditional IRA (individual...

Reverse Mortgages: What’s the buzz?

Reverse mortgages are a unique, government insured loan program that allows eligible homeowners 62 years old or older to access their home equity for immediate cash, a line of credit, a monthly check, or a combination of the three. In all cases, the homeowner has the right to never again make a monthly mortgage payment, as long as the real estate taxes and insurance are paid and other requirements are met.

Investing pros offer their best investing ideas

“Express Scripts, a pharmacy benefits manager, has a near-majority market share and will benefit from an aging population, more generic drugs and society’s need to lower health-care spending,” said Paul Larson, Morningstar equities strategist.

Are you financially prepared to retire?

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.

Ways to prepare for possible long-term care costs

Many of us hold on to an idyllic vision of our golden years, imagining we’ll be in good health and living self-sufficiently in our own home.

Women face extra obstacles to secure retirement

The fear of ending up poor or even running out of money in retirement still gnaws at many women in particular.

Reverse mortgage rules are changing

By Alain Valles, CRMP, CSA, MBA For the past 25 years reverse mortgages have allowed hundreds of thousands of homeowners 62 years old or older...