Thursday , 19 January 2017

Retirement Planning

How Does a Reverse Mortgage Work – Definition & Requirements


A reverse mortgage, also known as the home equity conversion mortgage (HECM) in the United States is a financial product for homeowners 62 or older who have accumulated home equity and want to use this to supplement retirement income. That being said, these loan products are often a challenge to explain or understand, even for people who have plenty of financial experience, so we hope this article better explains the basics.

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Retired? Financially Stressed? Here Are Some Ways Out


My parents are more stressed now than ever before as a result of the combination of healthcare costs and income squeezes. The threat of bankruptcy for them is a big one, as is foreclosure on their family home. This has inspired me to write this article (guide) for seniors on how to deal with the financial stress in their lives. I hope you find useful.

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