How to tap your home equity to pay for long-term care in retirement
A home equity conversion mortgage (HECM) might simply be a fancy term for a reverse mortgage, but there are an increasing number of advisors and planners who are using them for an entirely different strategic planning purpose.
By Bill Schmick
July 3, 2019
Long-term planning is crucial to caregiving
The family is headed toward a crisis in caring for the elderly. It will impact all of us, so if you have aging parents, don’t think you can just close your eyes and hope for the best. You are likely setting yourself up for a world of hurt.
By Bill Schmick
June 6, 2019
The coming crisis in caregiving
If you thought the nation has problems with Social Security and Medicare, you ain’t seen nothing yet. Today, more than two-thirds of Americans assume they will be able to rely on a family member to meet their long-term care needs if needed. My advice: don’t count on it, and here’s why.
By Bill Schmick
May 30, 2019
Don’t take loans from your tax-deferred accounts
It sounds too good to be true. Why borrow from a bank when you can take a loan out from your 401(k) or 403(b) and pay yourself back in both interest and principal? If that sounds like a great deal, it’s not.
By Bill Schmick
May 23, 2019
What you need to know (but don’t) about buying an IPO
An initial public offering of a stock, called an IPO, can be either a sucker’s game or a chance for instant riches. Determining the outcome requires a great deal of work, knowledge, and luck. Most investors have none of the above when it comes to IPOs.
By Bill Schmick
May 2, 2019
Time to check your risk tolerance
It is a good time to take a reality check on how aggressively you are invested. The 6.9% decline in the S&P 500 Index over October was gut-wrenching. But entirely within the realm of probability given the historical data. Here are some questions to ask.
By Bill Schmick
November 2, 2018
