seniors: Using Reverse Mortgages in Long Term Care Planning
- 04/07/11 06:15 AM
I wear several hats. One of them is a SRES Realtor (in fact I teach the course), one as a Certified Financial Planner (CFP), one in the Senior Market, and one specializing in Long Term Care (LTC) and Long Term Care insurance (LTCI). I make the distinction because they are different. I belong to the Corporation for Long Term Care (CLTC) which is primarily for CFPs that sell LTCI, and they just did a webinar for members entitled "Using Reverse Mortgages in Long-Term Care Plans." It is a great presentation with some new ideas. After watching it, I realize that this … (1 comments)
seniors: Sandwich Generation Struggles Financially...
- 12/09/10 04:43 AM
Baby boomers often find themselves caring for their aging parents while also supporting their children- a responsibility that is hitting the Sandwich Generation hard financially. A study conducted earlier this year by reverse mortgage retailer Generation Mortgage Company and polling firm Zogby International found that 64 percent of those supporting parents and children describe their financial situation as negative. Additional findings that shed light on the financial situation of these boomers include: · 23 percent of those polled have lost a job recently, and an additional 24 percent have taken a cut in pay or benefits · 17 percent have failed … (2 comments)
seniors: Retirement of the Future
- 09/22/10 04:59 AM
Great article on retirement, the Boomers, and housing. http://finance.yahoo.com/focus-retirement/article/110715/the-retirement-of-the-future?mod=fidelity-livingretirement … (0 comments)
seniors: Article that focuses on local agency that helps seniors
- 08/13/10 04:13 AM
OnLok Lifeways is a local agency that helps seniors. The article gives the details, but I'm finding that this resource is under the radar in our area and people not only don't take advantage of them, but don't even know about them. If you are working with Seniors and are local in the Bay area, please check them out. My June monthly seminar was a tour of their facility. Program gives South Bay seniors an alternative to nursing homes http://www.mercurynews.com/breaking-news/ci_15763297?nclick_check=1 … (0 comments)
seniors: Some thoughts while shaving....
- 08/08/10 10:36 AM
Taken from the August 2010 issue of Journal of Financial Planning. 42...Percentage of large employers that have 401(k) plans with automatic enrollment; 28% have an automatic escalation feature (AARP) $111.5 trillion...Global wealth at the end of 2009, up 11.5% from year-end 2008 & nearly back to its peak level at year-end 2007 of $111.6 trillion. (Boston Consulting Group) <1...Percentage of worldwide households with $1 million or more in wealth. This equates to 11.2 million households, 4.7 million of which are located in the U.S. (Boston Consulting Group) 55...Percentage of consumers who express confidence that the economy has started to recover, although … (0 comments)
Article in the 11/30 Wall Street Journal. An essay taken from a soon to be released book by P.J. O'Rourke.
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