Retire Right: Are you worried about interest rates?

Retire Right: Are you worried about interest rates?

Are you concerned about what interest rates are going to do this year? You are certainly not alone, and many people have speculated that mortgage rates will continue to go up this year and possibly even reach 8%. That is where the “optimal rate lock” program with a Home Equity Conversion Mortgage (HECM) is a fantastic solution. Let me explain. 

Colorado ranks highly as best state to retire in

Colorado ranks highly as best state to retire in

Colorado ranks near the top of the ‘best states to retire list,’ securing the second spot in the recent analysis by WalletHub. The personal finance site compared the 50 U.S. states across 46 key indicators of retirement-friendliness from financial factors like tax rates and the cost of living to access quality medical care and fun activities. 

Retire Right: Ongoing improvements and safeguards

Reverse mortgages have been around since 1988 and there have been dozens and dozens of revisions and improvements over the last 35+ years. Some of the best and most significant changes have just occurred in the last 10 years.

The sandwich is real

On top of the expenses for aging parents, the sandwich generation is also continuing to support their own children and incurring those ongoing living expenses and possibly college expenses as well. Plus, these folks must also work on their own retirement plans and save money for their own future at the same time. 

Relocating Seniors: Finding a home close to family

Relocating Seniors: Finding a home close to family

Relocating closer to family is a significant and heartfelt decision for many seniors. It brings them closer to their loved ones. It opens up opportunities to live in senior-friendly communities that cater to their evolving needs. This article is dedicated to helping seniors navigate relocating to be near their children and grandchildren, ensuring a smooth and fulfilling transition.

Retire Right: Bridge to Rightsizing

One of the largest challenges that I have found for homeowners who want to rightsize (upgrading, downsizing or making a strategic move in real estate), is coming up with the down payment for the new home.

The art of downsizing: A senior’s blueprint to a new home

The art of downsizing: A senior’s blueprint to a new home

For many older adults, the idea of downsizing from a large home that once buzzed with the energy of growing children can evoke a myriad of emotions. Deciding when it’s the right time to shift to a new place, possibly a smaller space, can be daunting. Yet, with the right guidance, it can also mark the start of an invigorating new chapter.

The unparalleled value of experienced real estate agents for retirees

The unparalleled value of experienced real estate agents for retirees

Whether buying or selling, retirees stand to gain a great deal from the services of an experienced real estate agent. From understanding the local real estate market nuances to advocating for their client’s best interests, professional realtors offer many advantages.

The Swiss Army Knife of Mortgage

The Swiss Army Knife of Mortgage

What I love about the Home Equity Conversion Mortgage (HECM) is that the ways to utilize the program are endless and it can be used by virtually anyone age 62 and over with a significant amount of equity in their home.

Retire Right: The 3 Buckets in Retirement

Retire Right: The 3 Buckets in Retirement

There are 3 buckets of money in retirement (if you own a home). Bucket #1 is your Income Bucket, Bucket #2 is your Nest Egg Bucket, and Bucket #3 is your Home Equity Bucket.

Retire Right: What keeps you awake at night?

For many people, retirement represents an exciting new stage of life. However, there are downsides to aging and to retirement, most of which are new financial concerns. Let me give you a few of the top financial concerns of Americans today.

Downsizing in retirement amid high-interest rates

Downsizing in retirement amid high-interest rates

When considering downsizing as a part of your retirement plan, it’s essential to understand the factors that drive this decision. One of the critical factors is home equity. By leveraging the equity in your current home, you can free up cash and potentially reduce...
Retire Right: Do We Have a Looming Housing Crisis?

Retire Right: Do We Have a Looming Housing Crisis?

You do not need to look very far to find something that points to the fact that we have a looming housing crisis on our hands in this country.

So, let’s break some of these issues down and get a better understanding of the challenges and what we can expect going forward:

Retire Right: The simple solution is not always the best solution

I recently spoke to a financial advisor about a client’s retirement plan that I wanted to share with you. The situation is such that the client is getting ready to retire and he was looking at ways to reduce his expenses to ensure that his retirement income and his retirement accounts would be setup in a way that he would be able to meet all his financial obligations and still be able to have some fun in retirement.

The new reverse mortgage – Part 2

The new reverse mortgage – Part 2

Colorado is one of the fastest aging states in the country and Boulder County is also rapidly aging. Reverse mortgages are becoming more popular as baby boomers retire and want to maintain their standard of living. The reverse mortgage is a financial tool, which has...
The new reverse mortgage Part 1

The new reverse mortgage Part 1

The upcoming Aging at Altitude Expo will be held at the Boulder Jewish Community Center on April 23. One of the sessions at the conference will explain reverse mortgages as a financial tool for those who are 62 years of age and over.