People entering, nearing, or in retirement are all wondering how they are going to make their retirement nest eggs last as long as they do. Studies show that the main fear that people have in retirement is running out of money. Add to that the reality that the rules for retirement have changed; government regulations have both helped and hindered those who are retiring. For many in the Boomer generation, it will be a challenge to make the money last without having to adhere to an unpleasant budget. To survive and thrive in retirement in the coming years requires new thinking and a clear understanding of the options open to retirees. One of these options is the Home Equity Conversion Mortgage, or what most people know as "reverse mortgages." This advancement was signed into law by President Reagan in 1988 as a way to provide homeowners the opportunity to raise funds from their home equity while continuing to enjoy living in their homes. The concept of reverse mortgages has been misunderstood and misapplied by many since that time and finally a book has arrived that thoroughly explores this concept in a detailed, yet readable manner. In What's the Deal with Reverse Mortgages?, Shelley Giordano, an expert of reverse mortgages and member of the Longevity Task Force, a group of thought leaders in retirement portfolio theory, has written a book that discusses the significant improvements made by HUD/FHA to the Home Equity Conversion Mortgage (HECM.) Over the years, and most notably in 2015, HUD has improved consumer safeguards, and reduced acquisition costs for those wishing to use their housing wealth in a controlled and strategic pattern. Shelley has brought together thought leaders and experts to write a book that applies sound analysis to demonstrate that the prudent and conservative use of housing wealth, accessed via the modern HECM, can have a profound positive effect on our other assets and our ability to generate income for retirement. This book debunks the hoary old myths attached to reverse mortgages. It explains how the HECM has evolved to meet the needs of the Boomer generation. And most importantly, it explains how to evaluate your housing wealth in the early years of retirement, and why you should never wait and pray by deferring a reverse mortgage as a last resort. Reading this book will provide you with a full understanding of reverse mortgages to see beyond the current sales and advertising tactics related to the product allowing you to discuss the best options with your adviser, banker and family. It's the definitive book on reverse mortgages!
Shelley has been a pioneer in reverse mortgage lending, having begun her career almost two decades ago. After years at home raising her children, she fell into the unlikely world of reverse mortgages. A local lawyer had established his own company, and having seen how adept she was at raising money for charities, thought she would be good with elderly people. From her very first client she was hooked. She, like other originators, witnessed palpable relief at reverse mortgage closings because the clients were able to improve their retirements without having to give up home. In her career at Wells Fargo and MetLife, Shelley assumed many roles in sales and sales management but has been most steadfast in her commitment to education and ethical lending. She has pursued a long-standing interest in how to integrate housing wealth into the context of a holistic financial plan. Accordingly, she has spoken on reverse mortgage lending at retirement income planning conferences, and for organizations such as NRLMLA, ABA and NAHB. She speaks frequently on the radio and appeared live on CNNfinancial. She has been a regular participant at industry events and specializes in bringing together reverse mortgage lenders with other financial services experts. Shelley developed a series of calculators that demonstrate the effect of using a reverse mortgage in retirement planning. She authored, through partnership with the American CE Institute, an advanced course, Housing Wealth in Retirement, that teachers throughout the country use to instruct financial planners, CPAs, attorneys, and insurance professionals. She mentors and coaches elite loan officers throughout the country who have participated in her comprehensive training program, and who have committed to strict ethical standards. Her consulting firm, Longevity View Associates, provides expertise in education, marketing and sales to both lenders and firms associated with retirement income. Today, Shelley chairs the non-profit Funding Longevity Task Force. This team of researchers, gerontologists, financial planning practitioners, and lenders is devoted to helping Boomers understand how powerful their housing wealth could in planning for a more secure retirement.
Act & Grow Rich helps people: 1) understand why this country is in a financial crisis that is ignored by Banks, Companies, Wall Street, Universities & Politicians because they all profit from it 2) analyze where they currently are financially 3) set their goals & dare to dream again 4) learn important financial concepts not being taught 5) with proven programs designed to give them the foundation they need to become financially independent later on in life.
> Overview Act & Grow Rich helps people: 1) understand why this country is in a financial crisis that is ignored by Banks, Companies, Wall Street, Universities & Politicians because they...
In her 40's, Sandy Morris had a personal epiphany. She decided that her true purpose in life was to give certainty and security to others. The result of that decision has caused Sandy to become one of the nation's top independent financial advisors, with a passion for helping those nearing or in retirement to be able to maximize their Social Security benefits. Two stories illustrate all the reader needs to know about Sandy, her expertise, her passion and her commitment. The first tells of a man who came to see Sandy in her Tampa, Fl offices. He opened the door to the boardroom, saying, "Don't bother to get up. I have been wanting to stop by and say thank you. If it had not been for your help last year, I would have lost my home." The second example involves a husband and wife. "A couple came in for their annual account review," recalls Sandy. "They had returned from an RV trip out west. They told me how much they appreciated the financial planning sessions that allowed them to reshape their retirement path. "Words cannot express how much joy I receive from hearing stories like that from people we have helped through proper retirement planning. "This is the juice that keeps me going," Sandy concluded.
Married with a child, the Kentucky-born Sandy Morris is the founder and CEO of Sandy Morris Financial.
> Overview In her 40's, Sandy Morris had a personal epiphany. She decided that her true purpose in life was to give certainty and security to others. The result of that...
As a self-employed person or small business owner, when you consider the mountain of investment and capital needs you're solely responsible for and the lack of matching employer contributions, saving for retirement feels like an impossible uphill battle-but it doesn't have to be. With a Solo 401(k) you can manage your own investments and leverage your assets to not only actively grow your retirement wealth but also support your current life and business goals.
Discover America's best-kept retirement secret and find out whether you're eligible to participate in one of the various types of Solo 401(k) plans, including: Free plans offered by financial institutions that manage your money for you through restricted investment options Custodian-directed plans that allow you to buy real estate and other nontraditional investments through an overseer Self-directed plans that give you checkbook control and allow you to make your own investment decisions through a local bank account
Take advantage of the Solo 401(k) and see how easy and rewarding it can be. Financial freedom is within your grasp-are you ready to grab hold of your future?
Adam Bergman, Esq., is a recognized expert on IRAs and 401(k) plans who has advised more than twelve thousand clients on the self-directed IRA LLC and Solo 401(k) solutions. A senior tax partner with the IRA Financial Group, he is also managing partner of the law firm The Bergman Law Group and founder of BergmanIRAReport.com and Bergman401kReport.com.
In addition to being interviewed on "CBS News" and quoted in a number of major publications, including "Businessweek," "CNN Money," "Forbes," and "USA TODAY," on the subject of retirement tax planning, Bergman has also been retained by several leading IRA custodians to offer expertise on the self-directed IRA structure. Mr. Bergman is also a frequent contributor to Forbes on the area of retirement taxation. He holds a law degree from Syracuse University College of Law and a master of taxation (LLM) from New York University School of Law, and previously worked as a tax and ERISA attorney at three world-renowned corporate law firms.
> Overview As a self-employed person or small business owner, when you consider the mountain of investment and capital needs you're solely responsible for and the lack of matching employer contributions,...
This book provides concise, straightforward, and easy to read information about the major components of estate planning without going into endless detail about arcane options that apply only to the wealthy.
"Best-selling Nolo author Denis Clifford uses plain-English to make these estate planning issues easy to understand, and he lets you know which tasks you can handle yourself, and when you ll need a lawyer s help."
Denis Clifford, a graduate of Columbia Law School, where he was an editor of The Law Review, is a lawyer who specializes in estate planning. He is the author of many Nolo titles, including Quick and Legal Will Book, Make Your Own Living Trust and Plan Your Estate and coauthor of A Legal Guide for Lesbian and Gay Couples. He has been interviewed by such major media as The New York Times, Los Angeles Times, and Money Magazine.
> Overview This book provides concise, straightforward, and easy to read information about the major components of estate planning without going into endless detail about arcane options that apply only to...
Use Warren Buffett's retirement income strategy Create an investment plan for 30 years Create tax-FREE income from your IRA Before you stop working full time, create your Retirement Income Insurance plan. Insure that you will have enough to afford to live the way you want to for the rest of your life. Maximize your family Social Security benefits. Develop tax-FREE income so you can avoid future income tax hikes. Execute low-cost income sources. Use the strategy Warren Buffett specified for his family. Today you can make sure you are protected by creating retirement income 'insurance.' You need to enter the last 30 years of your life knowing how you are going to manage it financially. You need a realistic and flexible plan. Two-thirds of pre-retirees don't have a clue. We are on our own. Financial advisors want wealthy clients only. Defined-benefit pensions are gone. You are lucky if your employer matched some of your contributions to a self-directed retirement plan (401k, etc.). Now you alone must decide how much and where to invest your funds for your future security. Broker/advisor fees can take up to 30% of your nest egg for their help.
Zhou Wang has been in financial services for over 20 years. He was a managing executive of the sales units of a number of firms. His previous book, The Warren Buffett Millionaire: "We make more money when snoring" has been cited many times. He is one of the Insiders who contributed to the The Insiders Guides set of buyers' guides edited by Dan Keppel. The Guides provide specific ways to save on all financial services.
> Overview Use Warren Buffett's retirement income strategy Create an investment plan for 30 years Create tax-FREE income from your IRA Before you stop working full time, create your Retirement Income...
As a veteran of the financial services industry, I realize the importance of the position I have been placed in to help others. As our industry has evolved, we have taken on a greater responsibility to make sure we do right by others through adherence to ethics and acquiring as much education as we possibly can. After being in the business for over twenty-five years, I've come to really appreciate what we do and how we do it to the point where I am now mentoring others in our business. The key word that I stress to all in our mentor program is “lifetime” because it gives peace of mind to seniors who fear outliving their money. I love the television commercial with the college professor who is conducting a study for the Prudential Life Insurance Company, asking people who the oldest person is that they know. I also enjoy the ad that has people pulling a blue ribbon until their money runs out (usually before they expect). And the woman looks up and says “I better rethink this thing.” Those commercials portray exactly what our clients fear most-running out of money.
Jim Fox is known as the Safe Money Guys and one of the top retirement planners in the Chicago area. Jim's primary focus is on guaranteed lifetime income. He has been quoted in Forbes magazine, featured in Market Watch, Yahoo Finance, Bloomberg, Reuters, Chicago Business Journal, and Wall Street Select. He has also written articles in Advisor Today, has been interviewed by Insurance News Net Magazine, and has spoken and trained hundreds at numerous industry and corporate symposiums and seminars. His first book, Uncommon (Celebrity Press 2015), was coauthored with Brian Tracy and has become an Amazon bestseller. Jim's company, Fox Financial Group, Ltd., is a top-rated business with the Better Business Bureau A+ and Angie's List A+ (2014 Superior Service Award Recipient), member of the Willowbrook/Burr Ridge Chamber of Commerce and National Association of Insurance and Financial Advisors. Jim has achieved multiple national awards, including Million Dollar Round Table's Court and Top of the Table, National Sales Achievement, and National Quality awards from the National Association of Insurance and Financial Advisors and dozens of individual corporate awards.
> Overview As a veteran of the financial services industry, I realize the importance of the position I have been placed in to help others. As our industry has evolved, we...