You have begun the process of buying a new home and are hearing about using a reverse mortgage for purchase loan. You like the idea of being able to put 40 to 55%¹ down, depending on your age, and not having a principal and interest payment for your life in the home. Once you begin the process of speaking with a lender and getting a quote, however, you are put off by the high closing costs. Sound familiar?
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|Reverse Mortgage||Aging Issues|
|Financial Planning||Estate Planning|
If you’ve decided to go back to work after retiring, you are not alone. The number of working seniors has more than doubled since the 1990’s. It may feel difficult to get back in the game, especially if you are changing careers. If you are anxious going into the interview process, don’t worry. Just brush up on a few of your skills with these tips. Remember to focus on your experience and be confident. A new, fulfilling job is just around the corner.
After year of hand work, retirement is a good reward. It’s something everyone looks forward to: a chance to relax, pursue hobbies you’ve never found time for, or travel. Retirement isn’t the end, but rather the beginning of a new chapter. But how do you adequately prepare for this new season of life?
We’ve gathered some practical retirement strategies from retirement life coaches and other experts to help you on your journey.
According to the CDC, 70% of Americans have no advance care plan. Advance care planning is simply a future healthcare plan between you, your family, and healthcare agents. When a detailed plan of your desires is written out, you get the care you want, and your family gets the relief they deserve.
Winter can be rough on your health. Between the stress of the holidays, the seasonal weather changes, and the flu, colds, and other minor illnesses that always go around this time of year, you can start to feel bad fast.
If you are considering a reverse mortgage, or researching one for a parent, friend, or client, we suggest you educate yourself on some of the most important features of the line of credit. A reverse mortgage line of credit used in the right way can be a valuable financial planning tool.
There exists a common misconception that a reverse mortgage can be used to fix a home, with no further clarification. It appears to stem from various marketing efforts that you see in print or on television, that make it seem like a simple process. The general perception is that we can close a loan for a customer with a home in disrepair, and provide the cash at closing needed to do the repairs. Unfortunately, that is far from the case in many instances.
Holistic medicine practitioners believe that all parts of you work together: mind, body, and even spirit. If one part if not well, it can impact the other parts as well. The goal of all types of holistic medicine is to consider not just your body, but also your mind in your treatment plan.
In the past, holistic medicine was considered to be unreliable, but evidence for its efficacy is growing. From the increasing confirmation of the importance of nutrition, to the proven connection between stress and disease, the benefits of holistic medicine treatments are being viewed with new legitimacy. These treatments are gaining in popularity, including among older adults. Could one of these help you?
Congratulations! You’ve found someone you want to spend the rest of your life with. Your family has met your significant other and they couldn’t be happier for you! The two of you have bit the bullet and decided to get hitched. Wedding bells are in your near future.
But how do you have the hard conversations about finances? Hopefully you’ve already begun the conversation, but you need a little guidance. Should you combine accounts, or keep them separate? How do you go about dealing with your will? These are tough questions in your new relationship, but we’ve got some love experts here to help guide you down the right path so you can focus on what really matters: time with your loved one!