In the midst of such a crisis it is unfortunate that many financial advisors ignore the largest asset that could be used to fill the gap: the home. “Many households have a little-recognized asset that they could turn to for income in retirement- the equity in their home”, said Alicia Munnell, director of the Center for Retirement Research at Boston College.
Continue reading5 Reasons to Fire Yourself
Most working professionals fear one thing: being fired. Typical reasons for being fired center on downsizing, restructuring, market changes, personal conflicts and more. However, when should one consider firing them self? That’s right, them self. Sound strange? Perhaps. Examine each of these five reasons and see if any or all apply to you.
Continue readingPreparedness (Part 1): Shedding New Light on The “D” Word
Death, it seems, has its time and place. What might be crucial for reverse mortgage professionals to understand is how prevalent death before its time can be for an older population.
Continue readingComing to a State Near You
Coming to a state near you. California, Illinois, Utah and Minnesota. What do these states have in common? Mandatory cooling off periods for reverse mortgage loans.
Continue reading10 Linkedin Secrets to Grow Your Business
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Maximizing Your Reach with Linkedin
LinkedIn has become the business person’s online networking platform. This is a welcome change from other social media platforms where cat videos, political rants and personal fakery reign supreme.
Today let’s look at how each of us can expand our business network of influence and grow our business on Linkedin.
1- Upgrade to LinkedIn Premium. It’s worth it. From the ability to send private “in-mail” messages, improved searches and the ability to see all of your profile views.
2- Update your profile. First add your photo. People want to see your face. Also add some pizzaz to your profile description. First start with your title and then list what you do. For example you could be creative and add…
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The Hero’s Journey for the Third Act: Transforming Our “Story” of Aging
Conscious eldering is an opportunity to view our closing chapters as those in many indigenous cultures do: as a time of harvest, when the joy and wisdom of a lifetime can be translated into service and meaning for family and community.
Continue readingNot in America
According to a recent article in the Daily Reckoning, Australia is facing a demographic bomb of sorts not unlike the U.S. with more than half of Australians projected to be age 50 or older by 2050. Today the Australian government spends $42 billion on the cost of aged care which is expected to balloon to $160 billion by mid century. Mathematically astonishing, economically unfeasible.
Continue readingHow Much Should You Be Working?
Just how much should you be working? It’s a good question considering it speaks directly to our quality of life, income and our overall sense of well being. One quote I came across summarized the quandary this way: “I arise in the morning torn between the desire to improve the world and the desire to enjoy the world. This makes it hard to plan a day”.
Continue readingGot Wisdom? Pass It On! A Global Exchange for Positive Aging
Everywhere, the time is ripe for elders to step up and change the culture of aging worldwide, guiding the shift from a needs-based, consumer society to a collaborative society, an intergenerational society in which people throughout life have responsibilities to share their strength to help themselves, to help each other and to help their communities.
Continue readingFinancial Assessment Confusion
Which came first, the chicken or the egg? That rhetorical question came to mind when hearing various reports of loan officers who found some confusion surrounding the gathering of a prospect’s financial data prior to HUD counseling. Once such loan professional is…
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