Reverse Mortgages in West Michigan

The Holiday Blues

The AGS Foundation for Health in Aging has some great tips for combating those sometimes tough "Holiday Blues" here.

==================================================================

For local free information on reverse mortgages, give me a call toll free at 877-308-1489.

==================================================================

What happens when there isn't enough money?

Recently, USA TODAY published an article on the some of the effects that rising prices have on retired folks living on a fixed income.
================================================
A reverse mortgage can provide senior homeowners with monthly income in addition to Social Security benefits.  Give me a toll free call at 877-308-1489 to find out how.
================================================

Using our Home to Stay at Home - even when we can't!

If you're married, and in your late 60's or older, this post may contain some very helpful thoughts!

Every study I've seen says that - by a large majority - most of us want to stay in our own homes for as long as we can.

But, any Long Term Care Insurance provider has statistics that show that many of us will need either in-home care, or residential care at some time in our future.

It's expensive!

Valerie VanBooven who blogs at  IdeaMarketers   has written a well thought out article exploring the use of a reverse mortgage to fund a Long Term Care Insurance policy.

=============================================
My Standard Disclaimer: Neither First Financial Reverse Mortgages or myself sell any financial product other than reverse mortgages.  Before making any purchase we strongly advise consultation with your family and appropriate advisors.
=============================================

Long Term Care Costs

Most every statistic I've seen recounts the overwhelming desire most of us share: we want to continue living in our homes as long as possible.

Up until very recently, Federal payment plans seem to have been skewed in exactly the opposite direction. They seemed  to encourage  "nursing homes" as the only alternative.

Lately that's been changing.

Perhaps statistics like those below, reported in today's edition of "USA Today," have caught policymakers attention.

"Long-term care costs
Average cost of long-term care in 2006

Private room in a                 $206 a day
nursing home                       $75,190  annually
________________________________

Semi-private room               $183  a day
in a nursing home                $66,795 annually

________________________________

Home health care aide         $19 an hour

Source: MetLife Mature Market Institute"

==========================================

In most cases, reverse mortgages can provide non taxable income to fund long term care needs.

A note to our children - the sandwich generation

I ran across this the other day.

Be sure to click the link at the bottom for the Aging In Place Council, and then click on the "Aging In Place" link to the right.

Once there, you'll see suggestions you will find meaningful if you're interested in remodeling your home for "ease of use."

A good discussion of ideas and resources that will keep our home working for us as we "age in place."

============================================

As someone who deals  only with revere mortgages, I can help with many other senior issues besides reverse mortgages!

Seniors and high credit card debt

You'll find an interesting question and answer from a someone  interested in his in-law's continued financial security in this excerpt from a Memphis Commercial article.

All you need do is register before you read the item.

------------------------------------------------------------------------------

Statistics show that this questioner is no different than most children. He says what most feel - that he wishes them financial security during their retirement years.