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- Reverse Mortgages: Monthly Checks Instead of Bills. Really? - U.S. ... May 19, 2012 (author unknown)
- Reverse mortgages provide needed cash May 18, 2012 MarketWatch
Home Equity Available to Seniors Declines
The latest RiskSpan Analysis (March 2011) publishing the Reverse Mortgage Market Index (RMMI) says that the value of home equity held by seniors aged 62 and older fell to $3.4 trillion at the end of 2010. This is down from its peak of $4 trillion in 2006 in the housing boom. It would probably be [...]
Boomers’ Retirement Not a Pretty Picture
According to a recent article in the Wall Street Journal, retirement for Boomers is not a pretty sight. “The median household headed by a person aged 60 to 62 with a 401(k) account has less than one-quarter of what is needed in that account to maintain its standard of living in retirement, according to data compiled [...]
You might be in Pasco County Report Number one
You know you are in Pasco County when you read about the local bank robber whose getaway car was an easy to identify vehicle – a white pickup truck with lightning bolts painted on the sides. The cops caught him exactly 6 minutes later. Great plan, there, Joe.
Do Not Fear HECMs
The wonderful elderblog “Time Goes By” that I have mentioned here before is publishing a great new series on reverse mortgages. The author of the blog is going through the process of acquiring a reverse mortgage, and is documenting each step of the process. In her 4th post, she says, “ It is gradually being recognized, [...]
10 Best and 10 Worst Places to Retire
By Admin on July 27, 2011
You may have missed it, but AARP Magazine last year published a list of the 10 worst places to retire. Here it is: “Here are the 10 worst states for retirement, with No. 1 being the lowest-ranked, according to Money-Rates.com: 10. Arkansas 9. Missouri 8. North Carolina 7. Ohio 6. Tennessee 5. Maryland 4. South [...]
Posted in Humor, News Commentary | Tagged financial planning, Land O'Lakes, Lutz, Pasco, retirement, senior finances, Trinity, Wesley Chapel | Leave a response