Whole Foods Should Be Ashamed
I spent election night 2020 with my daughter at her apartment in Washington, DC. It’s become a tradition with us, spending election night in front of the television, following the races closely and watching the results. It’s not unusual for us to stay up until dawn on election nights as we watch our democratic process […]
Working Past Age 65 is Possible, but Not Certain
You might be able to work until you’re 90. It’s possible. I don’t know if you will, however, and neither does anyone else. It should also be pretty clear that it might not work out that way, and counting on being able to work after age 65 is not a retirement plan… it’s betting on […]
Overestimating Access to Home Equity in Retirement is Dangerous
Over the last few years, I’ve spent a great deal of time talking to people in or approaching retirement, and I’m here to tell you that when it comes to looking at retirement, we are in general an overly optimistic bunch. I’m not saying we should be pessimistic about our futures… I’m just suggesting a […]
Time Magazine – New Reverse Mortgages Good for Retirees
With all of the negative press that reverse mortgages have received in the past, Time Magazine appears to have finally figured out that reverse mortgages aren’t some sort of scam, bad deal or loan-of-last-resort. In fact, Time now sees them as a positive thing for retirees. In Time’s article titled: “Retirees’ Biggest Asset May Be […]
There is Absolutely Nothing Wrong with a HECM…
HECM stands for Home Equity Conversion Mortgage. It’s the acronym used to describe the federal government insured reverse mortgage program, which is only available to homeowners over age 62. Today’s HECM mortgages are insured by FHA, regulated by HUD, and they were passed into law by Congress. Contrary to what you may have heard, there […]
The 55¢ Campaign and Why YOU Should Support It NOW, before Election Day
(NOTE: This is NOT a partisan biased article. Both sides should read it.) There’s been some controversy surrounding The United States Post Office lately. You’ve heard about it, right? I think President Trump started it on August 12th, by throwing doubt on the accuracy and validity of mail-in voting, which is expected to be used […]
A Podcast with David Andelman of CNN and USA Today…
Yes, David Andelman is a cousin of mine, but that’s not why I wanted to interview him on my podcast. David is the consummate career journalist. He’s a graduate of Harvard University and the Columbia University Graduate School of Journalism. As you’ll see by clicking on his name above, he is described as: “… a veteran foreign correspondent, author […]
Podcast: Attorney Tom Cox on How to Handle Mortgage Forbearances
Over the last 12 years, Maine attorney, Thomas Cox has changed how foreclosures happen… or don’t, in the state of Maine. He’s definitely one of the superstars from the last housing meltdown and he’s still representing consumers today. When it comes to problems with mortgages, Tom is as good as one gets. When Tom heard […]
HUD’s Recent Changes to HECM Reverse Mortgages are Positive
Last fall, HUD announced changes to the Home Equity Conversion Mortgage (HECM) program that took effect as of October, 2017. HECMs are only available to homeowners over age 62 and are commonly referred to as “reverse mortgages.” The media widely reported on the changes to the program, pointing out why HUD decided to make the changes […]
