Most of us have seen the commercials touting the many benefits of reverse mortgages. When they became more popular and well known, many believed these financial products were the solution for senior citizens in need of a cash influx. Now, though, there are new worries that some government agencies insist are putting the elderly at risk. In fact, in the past few years, there have been substantial changes in reverse mortgages that are “more complex” with higher “long term costs”, according to a … [Read more...] about Are Reverse Mortgages Putting Seniors at Risk?
So many times, we get wrapped up in either paying down our debt – our mortgages, credit cards, student loans – or we focus on our estate plans. That usually includes our wills, life insurance, retirement, and end of life considerations. Rarely, though, do we see the benefit of covering all the bases for the same ultimate goal. That could be because we're focused on our mortgage and retirement funds early on in our adult lives and as we approach retirement, we focus on enjoying the sacrifices of … [Read more...] about Incorporate Debt Planning and Estate Planning in Essex Junction VT