Benefits of a Home Equity Conversion Mortgage

A negative public image can be tough to overcome. Just ask pretty much any celebrity or politician. The 2008 housing crisis is at the root of the reverse mortgage industry’s negative public image. Many people who could potentially benefit from the proper application of a reverse mortgage have passed over the planning tool because of the negative feelings they still hold on to. Those feelings could disappear by properly considering a reverse mortgage in a financial plan.
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Retirement Planning Now Compared to the Last Generation

At the risk of inducing a collective yawn, I am going to reminisce a little. Forty years ago, expectations were to develop a craft, perfect a skill, or learn a profession. Workers then applied that knowledge to business and industry in exchange for salaries and benefits. They exchanged work for pay, insurance and a large staple of retirement in the form of guaranteed pension income for the rest of their lives. They would also receive health care for life as a supplement to Social Security and Medicare. Social Security would be perhaps 35% percent of a retirees income with pensions contributing about 40%. The balance would be from personal investment income.
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Overcoming the “Not Feeling It” Mood

The “not feeling it” mood. We all experience it. That feeling where you would rather curl up in a little ball on the couch and count the hours until it’s now socially acceptable for you to go to bed. That feeling. We must fight the temptation to give into this feeling. Giving in is giving into instant gratification, and instant gratification is one of the leading causes of regret and depression. Instead of giving in today, give in tomorrow. All you have to do today is go through the motions. 
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Market Volatility and Our Outlook for 2018

As of this writing in the second week of April 2018, there have been 27 days so far in 2018 where the S&P 500 has moved either up or down by 1% or more in a day. During the entire year of 2017 that only happened a total of nine times. No wonder the beginning of this year has seemed a lot different than recent memory!
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The National Debt and the Annual Budget Deficit

As I am writing this, a northern flicker is hammering away on our fireplace flue. The sound echoes throughout the house like a jackhammer. It is illegal to shoot flickers within the city limits of Westminster where we live. So how do you solve this problem? We put seed in the bird feeder to feed the beast. The jackhammer is like a dinner bell. The bird is essentially saying, “Hey, I know you have food in there, gimme some.” The wild birds have become accustomed to getting fed by the local homeowners with bird feeders. Okay.. okay.. guilty as charged. We have domesticated the wild avians.
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