Boomer
06-09-2009, 08:59 PM
Kiplinger has a special issue on the stands right now. It is called Retirement Planning 2009 and says Fall 2009 as the pub date.
Today, I looked through it and found a lot of good articles. Topics include Social Security, Roth Conversions, Long Term Care Insurance, Searching for Health Insurance, Pension Safety, Medicare, How to Judge a Financial Planner, and a whole bunch of other things that you may find are topics of conversation lately when you hang out with your age group.
I found the format to be friendly. Articles are nicely laid out on the page. I tend to notice how pages look. I just love those little boxes on the side of articles that have quick facts in them.
One of the things I was glad to see was the article on reverse mortgages. The article is titled "Reverse Mortgages Just Keep Getting Better and Better." I think that title is a little much. I think people who may consider reverse mortgages have to be really, really careful.
While a reverse mortgage can be helpful under certain circumstances, there are scams associated with them sometimes. The article says to rule out any lender who tries to push the borrower to buy other financial products with the proceeds of the reverse mortgage.
If you have elderly parents who are still in a home that they own free and clear, please be aware of any interest in a reverse mortgage. Reverse mortgages can be fraught with expenses and problems. Reverse mortgages can work out fine, but borrowers must know what to watch out for. Borrowers must have a clear understanding. Just like with anything else associated with their money. But we know that does not always happen. This article gives good advice on how to navigate reverse mortgages.
Anyway, here is some investment advice. -- Invest $5.95 in this special publication, Kiplinger's Retirement Planning 2009. You will probably learn at least one thing, maybe more. It's on the magazine stands right now. It has a couple on the cover who look way too young to retire. They are both wearing white pants and she is carrying a picnic basket. They look happy. (Maybe the picnic basket is full of money.)
Boomer
Today, I looked through it and found a lot of good articles. Topics include Social Security, Roth Conversions, Long Term Care Insurance, Searching for Health Insurance, Pension Safety, Medicare, How to Judge a Financial Planner, and a whole bunch of other things that you may find are topics of conversation lately when you hang out with your age group.
I found the format to be friendly. Articles are nicely laid out on the page. I tend to notice how pages look. I just love those little boxes on the side of articles that have quick facts in them.
One of the things I was glad to see was the article on reverse mortgages. The article is titled "Reverse Mortgages Just Keep Getting Better and Better." I think that title is a little much. I think people who may consider reverse mortgages have to be really, really careful.
While a reverse mortgage can be helpful under certain circumstances, there are scams associated with them sometimes. The article says to rule out any lender who tries to push the borrower to buy other financial products with the proceeds of the reverse mortgage.
If you have elderly parents who are still in a home that they own free and clear, please be aware of any interest in a reverse mortgage. Reverse mortgages can be fraught with expenses and problems. Reverse mortgages can work out fine, but borrowers must know what to watch out for. Borrowers must have a clear understanding. Just like with anything else associated with their money. But we know that does not always happen. This article gives good advice on how to navigate reverse mortgages.
Anyway, here is some investment advice. -- Invest $5.95 in this special publication, Kiplinger's Retirement Planning 2009. You will probably learn at least one thing, maybe more. It's on the magazine stands right now. It has a couple on the cover who look way too young to retire. They are both wearing white pants and she is carrying a picnic basket. They look happy. (Maybe the picnic basket is full of money.)
Boomer