Reverse mortgages: Do you have the answers?
If you are like many seniors you may wake up feeling financially stressed. Concern about having enough money, worry about a lingering home repair, or frustration with credit card or real estate tax payments can be a burden. Even worse is the fear of not having enough money if something should happen in the future.
Could a market decline help your 401(k)?
Money managers say take a breath — downturns could offer opportunities to strengthen your retirement savings for the long run.
What types of people get a reverse mortgage?
By Alain Valles, CRMP, President- Direct Finance Corp.
Let's play a little game. The next time you attend a high school class reunion, visit your...
Mutual Funds: Are you paying too much in fees?
It’s easy to overlook what’s important when it comes to saving money. Many people would sooner clip a coupon for shampoo than review the expenses they’re paying to invest in mutual funds.
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.
Recommendations from the Elder Economic Index Report
It’s no surprise that the older adult population in Massachusetts is increasing rapidly. In 2010, those aged 65 and older accounted for 14 percent of the state’s population. However, by 2030, that figure will grow to 21 percent. To be economically secure at any age, one’s income must cover basic living expenses. If housing, health care, food, transportation and other incremental expenses are not sufficiently covered by household income, we must support effective strategies to fill the gap or the household will suffer severe economic hardship in retirement.
Reverse mortgages and healthcare
By Alain Valles, CRMP, MBA, CSA, Managing Director of Helping Hands Community Partners, Inc.
A 501(c)(3) self-funded nonprofit charitable organization $88 billion borrowed for healthcare
According...
What to expect from your bond mutual fund
When stock markets tumbled around the world recently, bond funds remained solid once again.
Reverse mortgage retirement success stories
By Alain Valles
There is great joy helping seniors implement a long term home ownership and retirement plan. It is gratifying to see a senior...
Reverse Mortgages – Ask the Expert
By Alain Valles, CRMP, CSA, MS, MBA (Photo Alain Valles, Photo submitted)
You are invited to ask the questions. No question is too trivial or...
