Robert Klein, CPA is the founder and President of Retirement Income Center in Newport Beach, CA. As a writer and publisher, he brings a holistic approach to retirement planning and presents a five-point matrix to consider with respect to evaluating a reverse mortgage. This comprehensive review illustrates the following factors: Projected Mortgage Balance Projected Savings […]
House fires can break out for a wide range of reasons, and these include everything from grease fires while cooking in the kitchen to lightning striking the home.
In almost every home, there are awkward spaces that are difficult to utilize.
Especially in older houses, there are rooms, closets and nooks that once had a purpose that is now outdated.
So before you try to cover it up or fill it with junk, take a look at the smart solutions below to see how you can revitalize those problematic spaces and turn them into something useful.
It is All about Flexibility The primary benefit that one receives with a reverse mortgage is financial flexibility. It is an excellent way to tap into the equity that has built up in your home over time without having to sell the house. After living in your home for decades, moving is often not desirable; […]
How retirees decide to handle savings during a work transition can make a big difference in how long savings last in retirement. Click on the link to read more …
The first sign of mold you notice may be a musty smell in your home.
After looking around, you spot what looks like mold — don’t panic!
You can remove unhealthy mold from your house without it costing a small fortune.
There are many homeowners on a fixed income once they reach a certain age, however, their expenses are not always fixed costs. Sometimes, there is a large medical expense or the need for a new car or a home repair. In the event that someone needs cash flow, and they are 62 or older one […]
You’re brushing your teeth and you turn on the faucet. It’s not draining and starts to back up.Here’s the dilemma; do you spit and let it sit or run to the kitchen? One thing is for sure; having a clogged drain can be a major annoyance.
The misconceptions about loan repayment were far and wide before reverse mortgages became regulated and federally insured financial tools. The lender does not get the home, take title to the home, or own the home or its equity in any way. A homeowner or heir can sell the home ( that has a reverse mortgage […]
Every home should maintain a ready, working emergency kit for when disaster strikes. Here is what to do.