Did you know that 70% of a retirees wealth is inside their home and only 3% of those retirees ever make use of it to improve their retirement outcomes? I've had enough conversations with retirees to know that the reverse mortgage is a hot topic and one in which others are not ambivalent. Dave Ramsey has his opinions… Susie Orman has her opinions… But what are the facts that trump opinions? In this enlightening video series, a collaboration with reverse mortgage expert Janice Cohen, we … [Read more...]

Where do you think tax rates are going in the future? I don't think I've ever spoken with somebody who thinks that tax rates will be going down, and I would agree with them. Have you seen https://usdebtclock.org/ recently? It shows the total amount of the national debt in real time, but more fascinating to me shows the total amount of the unfunded liabilities that the government has when it considers both Medicare and Social Security. Although the US national debt stands at $20 … [Read more...]

If you're like most people, you've never lived on a budget. For most, the term or concept "budget" is constricting. It's an outside force telling me what I can and can't do. The reality is a budget is simply telling your money what to do and where to go. It's proactively being in control rather than being controlled by your money. You can call it whatever you want… ultimately it's just a plan. So, do you need a budget in retirement? The reality is cash flow control is a must in … [Read more...]

Can you imagine how frustrating it would be to run a race where you didn't know where the finish line was or when it was going to come? Have you ever thought about setting a "finish line" in your finances? What does that mean and what are its advantages? If you have more than you need, consider that the "extra" might be for someone else. We live as the top 1% in the world in regard to wealth and comfort. Isn't it funny, though, how each of us still feels like we want/need more? If … [Read more...]

Have you ever wondered what happens to all your accounts when you die? I mean… who gets it, legally? In today's article will discuss the different ways in which we pass things that we own on… Either intentionally or unintentionally. Accounts such as bank and investment accounts pass on based upon how they are titled or registered. IRA. 401(k), Annuity accounts: These accounts will pass according to the beneficiary designation elected. It is important to review all these accounts to … [Read more...]