As life expectancy continues to increase, the economy continues to languish, the cost of food, energy and everyday necessities continue to increase, housing values continue to decline, investment portfolios are on a constant teeter totter – up one day down the next, retirees are finding themselves in precarious positions never anticipated. Retirement planning is more […]

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Is Retirement Planning turning into Longevity Planning? This panel of financial advisers think so. The short video below is a quick but eye-opening description of how much retirement planning or the typical retirement lifestyle is changing. Admittedly, there are many reasons for the shift, not just the fact that people are living longer. The perfect […]

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An interesting survey was conducted by MetLife that is disturbing on several levels. Take a look at these results and let me know what your thoughts are. Living Longer Could Prove to Be Very Expensive According to a 2011 Retirement Income IQ Survey conducted by MetLife, Living longer comes with a hefty price tag, and […]

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Our blog post from a few weeks ago pointed out, boomer women are the least prepared for a comfortable retirement. Nightly News with Brian Williams this evening, highlighted the sad statistics once again and pointed out how severe the problem is and how it will get even worse as more and more boomer women reach […]

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With reverse mortgage counseling funding expected to run out tomorrow, October 1st, the future for HECM counseling funding remains uncertain, As that date approaches, lenders and some counselors are seeing wait times for HECM reverse mortgage counseling sessions increased from an average of 5 days to up to two weeksor longer for senior borrowers to […]

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AARP has been busy lately. They just published results of two surveys they conducted in recent months. At first blush you might think the results are somewhat surprising. However, if you personally identify with the survey questions then maybe….not so much. The first one I would like to draw your attention to is regarding Wall […]

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Reverse Mortgage Counseling Funds were restored by the Senate Appropriations Committee this week. Thanks to the persistent efforts of New York Democratic Representative, Maurice Hinchey, the National Reverse Mortgage Lender’s Association, the Coalition for Independent Seniors and others that made their voices heard on Capitol Hill, funds previously slashed have now been restored by the […]

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A Texas financial planner and professor at Texas Tech, John Salter, says that financial planners should re-examine their advice to clients about reverse mortgages. In the past, financial planners have not been enthusiastic about recommending reverse mortgages, mainly because of the costs associated with the loans. Before the HECM Saver came out, financial advisers had […]

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