I am so grateful my parents (as well as my hubby's parents) taught us to be sensible with our money. We are so fortunate to have been put in touch with a financial advisor last year that helped my hubby deal with retiring from federal government service (non-military). On another note, wasp stings are the worst. Hurt like crazy (wanted to use a different word 😄). Got stung once cutting the grass. Fortunately I did not have your reaction. Whew, scary. So glad you are ok now. A totally different question, Russ. I'm seeing info online about reverse mortgages. I haven't really researched it lately. Back in 2001 I worked as a temp at a small mortgage company that mainly handled reverse mortgages. I seem to remember a couple of things. People approved for a reverse mortgage had to have a clean title, taxes paid up-to-date, and they did not receive the full appraised value of their home. Is any of that true today? Just curious. Thanks.
Since money and personal finance aren't really taught outside the home, you and your husband had some smart parents looking out for you!
And no one is glad to have recovered from the wasp sting mess more than me...
Regarding reverse mortgages, I don't sell them, but I have helped a client put one in place with the help of another professional. And I've helped several other clients consider them as a planning strategy.
Reading this feels like you read my mind, Russ. I works definitely benefit from a financial first aid kit review - Or maybe metaphorically, organizing everything in the first aid kit So I have clarity on what's there. 🙂
I am so grateful my parents (as well as my hubby's parents) taught us to be sensible with our money. We are so fortunate to have been put in touch with a financial advisor last year that helped my hubby deal with retiring from federal government service (non-military). On another note, wasp stings are the worst. Hurt like crazy (wanted to use a different word 😄). Got stung once cutting the grass. Fortunately I did not have your reaction. Whew, scary. So glad you are ok now. A totally different question, Russ. I'm seeing info online about reverse mortgages. I haven't really researched it lately. Back in 2001 I worked as a temp at a small mortgage company that mainly handled reverse mortgages. I seem to remember a couple of things. People approved for a reverse mortgage had to have a clean title, taxes paid up-to-date, and they did not receive the full appraised value of their home. Is any of that true today? Just curious. Thanks.
Since money and personal finance aren't really taught outside the home, you and your husband had some smart parents looking out for you!
And no one is glad to have recovered from the wasp sting mess more than me...
Regarding reverse mortgages, I don't sell them, but I have helped a client put one in place with the help of another professional. And I've helped several other clients consider them as a planning strategy.
As far as qualification requirements, you might find this Investopedia article helpful: https://www.investopedia.com/reverse-mortgage-requirements-5223764
And here's a couple of YouTube videos I did on reverse mortgages a while back:
https://youtu.be/NJWKYdELzkY?si=OmoFuAcnSxUfM6pm
https://youtu.be/qzM64k9G_U8?si=Yws7F4cS6nopny7E
If you're interested in exploring a reverse mortgage further, let me know and I'll be happy to connect you with one of my contacts...
Have a great weekend, Suzie!
Glad you recovered so quickly from the sting! Hope Elizabeth recovered equally easily.
We're both glad too! Thanks 😁
Reading this feels like you read my mind, Russ. I works definitely benefit from a financial first aid kit review - Or maybe metaphorically, organizing everything in the first aid kit So I have clarity on what's there. 🙂
Or as Benjamin Franklin said, ""By failing to prepare, you are preparing to fail."
Let's work on this...
As we Scouts say, "Be Prepared."
Thanks, Jim - that 2-word sentence speaks volumes!