Many of my parent’s friends who have fortunately accumulated significant equity in their homes over the last several decades are faced with a dilemma of downsizing into a smaller home because they can no longer conveniently or adequately take care of their properties.  Importantly, many of them desire a simpler-smaller property, usually all single-level, accessible…

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There Are Dire Predictions For Baby Boomers But It Can Be Overcome With Planning Those American Baby Boomers born between 1946 and 1964 are facing some pretty serious issues in the foreseeable future none of which are as daunting as the cost of housing in their retirement years.  Notwithstanding the estimated costs of $220,000 a couple will…

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Reverse Mortgages Are Not For Everyone, But They Are Great Products For Certain Individuals In Their Retirement Years With Limited Cash Flow You have probably heard the term “reverse mortgage” but do you really understand what one is?  A reverse mortgage is basically a loan homeowners older than 62 years old can utilize to convert…

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