Wayne Pruner's blog this morning uncovered an ugly truth in credit and real estate.  Our 55+ community in this country is poorly educated and led even more improperly in their mortgage and real estate lives.  Many of them survive well past their planning and run out of money causing hardship on friends and family.  They don't get to live their golden years living the life that they are accustomed to nor in the manner which they deserve.

I really believe this topic needs more coverage... especially here in Florida where the retirement population is so large.  It is estimated that there are 818,000 snowbirds here right now and 1 in 4 future snowbirds will chose to come to Florida.  Many of them will ultimately choose to make Florida their permanent and only retirement home... so getting these soon to be seniors ready for what lies ahead takes a careful and caring professional.

I have several clients that fit this mold.  So... instead of just blowing out this post with a nutshell approach.  I'm committing to making this a multi-part play detailing all of the players and how each can contribute to helping our clients today reach their retirement years with the wealth they need, the credit they've earned, and their dignities intact.

I may even call on some other ActiveRainers to help me with this if they have an SRES or other experience that can help us with this phenomenon.

Note... I am NOT a reverse mortgage specialist.  I know the products very well.  I can write them... I have several lenders that will do them. I just choose not to put someone in that position based on the knowledge I have.  I believe that it is an ethical and moral stance.   I just believe that this problem of credit and poor planning has shuttled in the boom in reverse mortgages - a product that actually might be the worst program out there in all of lending.  I will spend much time covering the bases to make sure that the people that are interested in them see the options and understand their decisions.

On the brighter side, right now is a fantastic time for Baby Boomers to start looking at Florida.  With low mortgage rates and a drop in prices, there are bargains to be had.  It is also time for us as professionals to sure up our client base that is considering a move and get into position through our ActiveRain Referral Networks to service them wherever they choose to move.

Look for more to come!  Ideas, comments and suggestions are always welcome - even from the Peanut Gallery.

Credit Issues for Seniors
For HELOC's Sakes
Flow Flow Flow the Cash
The Cash in the Mattress vs The Cash in the Walls
If you've got it... Plan it!
As a last resort...