If you are a homeowner and at least 62 years old, you may be eligible for a reverse mortgage or home equity conversion loan (HECM). This loan allows you to borrow money from your home equity as tax-free income, which can help you during retirement, home repairs, and other financial needs. This can be a… Read more »
Aging or retiring in place is a concept that is simple, yet can bring a positive way to live that is comfortable and convenient. This approach aims to help seniors to continue living in their home after retirement, rather than moving to a dedicated retirement community. While each direction has its own advantages and disadvantages,… Read more »
For many people in North Texas, a significant portion of their net worth is tied up in their own personal property. While this can certainly have its advantages, it can also mean that you do not always have access to capital when you need it, and that can make a real impact on the lives… Read more »
If you are like many Metroplex families, then a substantial portion of your net worth lives in your housing alongside you. While this certainly can have its advantages, it also means that you cannot tap that resource when you need it to enjoy retirement fully. If you have been thinking about your options to convert… Read more »
For many seniors, their primary asset is their home; while this has historically been a solid and stable investment, it can also mean limitations when you want to use your capital for a new investment such as another property or to use for your retirement. That’s why reverse mortgages were designed, helping those who have… Read more »
For many families in North Texas, their net worth is housed in their housing. While there are some benefits to this approach, it also means that these families are unable to access that capital when they need to make improvements around the home or make an important investment. For those who have reached the age… Read more »
If you are like many in North Texas, then a substantial portion of your net worth is housed in your housing. While this has generally been viewed historically as a safe and stable way to grow your money, it means that it is a little harder to access your capital when you really need it…. Read more »
One of the more popular concepts in retirement these days is known as aging in place, and it seeks to maximize your experience after working by remaining in your home for as long as possible. This differs from an approach where you move to a residential retirement facility, which while having its own set of… Read more »
For many seniors, net worth is housed in housing. This has always been seen as a stable place to grow your money, and for the most part, it is one of the most secure ways to keep your investment safe. And since it has the added benefit of being your home, personal real estate is… Read more »
If you are like many retirees in North Texas, then a significant amount of your net worth is housed in your house. This has historically been a stable and secure way of growing money, but it can mean that you do not have access to your funds when you need them. Many seniors are turning… Read more »
