Reverse mortgages represent a way for seniors to tap the equity in their homes, typically without having mortgage payments due each month! The loan is repaid to the lender when the borrower dies, sells the property or leaves the home permanently. The bank cannot seize the home and the borrower is not giving away title […]
Buying a home is never an easy decision. And issues that come along with age, such as mobility decline and dementia, can make it that much more challenging. If you are a senior in the market for a new home, pause for just a moment to consider what you truly need. A home for your […]
Summary: State pension funds have a serious underfunding issue! It’s ZIRP but it’s more! The potential time bomb of underfunded state pension funds lurks quietly in the background, unseen and unknown by most! But like most issues that are ignored and that grow in size anyway, they don’t go away but become known only when they reach […]
By definition a bear market in stocks will impact a great many industries away from just banking and finance! So that said, is the recent stock market angst simply a one-off as some might suggest, particularly given the 390-point move to the upside in the DJIA today. Or was the move today nothing but a […]
Whether in life or in business, saving money can never be a bad thing! Four old retired men are walking down a street in Yuma, Arizona. They turn a corner and see a sign that says, “Old Timers Bar – ALL drinks 10 cents.” They look at each other and then go in, thinking this […]
Reading or listening to business news one hears many opinions on where it is that Americans should be investing their money for the long-term! Equity fund managers and those individuals responsible for selling equities will say that historically it’s the stock market. Gold bugs will of course say gold or other storable metals and believers […]
This short quiz will provide you with a general idea of your financial IQ and whether you should potentially speak with an expert in the field! I took this test at a meeting this morning and my score is available upon request. Financial Literacy Quiz 1) Stock prices are primarily the result of a) Level of […]
Bill Gross On The Impact That Low Interest Rates And A Heavy Debt Burden Will Have On Pension Fund Returns! Bill Gross, former head of the PIMCO Total Return fund who oversaw over $2 trillion in assets and is now with Janus, is worth listening to when he speaks! And speak he did in a […]
Or at the very least articles you will find of interest whether in the national, financial, real estate or technology arenas! Top News Family accused in $20 million mortgage fraud scheme USA Today – An extended family and several business associates were indicted on federal charges Thursday in a mortgage and… Bank of America: we’re […]
We strive to earn it, save it, spend it, improve the world with it and occupy quite a bit of our time thinking about ‘it’! The ‘it’ I speak of is of course MONEY and we relentlessly pursue it in hopes of someday reaching the Holy Grail of total financial freedom and independence! Over time […]
