savings Archives | Jamie Hopkins Retirement https://hopkinsretirement.com/tag/savings/ Retirement Income Solutions Wed, 13 Dec 2017 18:13:16 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 Common Reverse Mortgage Misconceptions https://hopkinsretirement.com/common-reverse-mortgage-misconceptions/ Wed, 13 Dec 2017 18:12:23 +0000 https://hopkinsretirement.com/?p=2890 Common Reverse Mortgage Misconceptions Professor Jamie Hopkins and Columbia University Professor Chris Mayer, CEO of Longbridge Financial, discuss some common misconceptions about…

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Common Reverse Mortgage Misconceptions

Professor Jamie Hopkins and Columbia University Professor Chris Mayer, CEO of Longbridge Financial, discuss some common misconceptions about reverse mortgages. Many people do not know that a reverse mortgage is a government insured program. Additionally, when a homeowner gets a reverse mortgage they maintain title of the home. This is actually a requirement of the program. In essence, a homeowner uses a reverse mortgage to borrow money from the bank by securing the loan with the home. Instead of making monthly payments like with a normal mortgage no monthly payments are required. With a reverse mortgage is repaid when the homeowner stops using the home as the principal residence.

Watch the video below to learn more about common reverse mortgage misconceptions.

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Forbes Article: How Essential Life Insurance Is To Retirement https://hopkinsretirement.com/forbes-article-essential-life-insurance/ Thu, 27 Apr 2017 19:09:51 +0000 https://hopkinsretirement.com/?p=2655 Jamie Hopkins’ Newest Forbes Article On How Essential Life Insurance Is To Retirement: Retirement income planning expert Jamie Hopkins’ newest article was featured…

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Jamie Hopkins’ Newest Forbes Article On How Essential Life Insurance Is To Retirement:

Retirement income planning expert Jamie Hopkins’ newest article was featured in Forbes. The article discusses the the role of life insurance in a retirement plan and how essential life insurance is to retirement. Consequently, the article provides numerous ways and strategies that life insurance can be efficiently used in retirement. First, life insurance can be used to replace lost income due to the early death of a spouse. Secondly, life insurance can provide tax benefits. Thirdly, life insurance can provide a bond substitute in the portfolio.  However, life insurance needs are not consistent for ever person. As such, each individual needs to review his or her own situation in order to determine their life insurance needs. To learn more, read the recent Forbes article by clicking the link below.

Read the full Article

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