When you’re retired, your income might be coming from a mix of Social Security, perhaps a pension, and withdrawals from retirement accounts or an investment portfolio. And when markets are volatile or income taxes have an impact, it’s worth asking: Is there an alternative way to draw income — without putting your long-term security at… Continue reading Taking More than Your RMD? Here’s a Tax-free Alternative
Resource Category: Strategies in Retirement
How a HECM Line of Credit GROWS
How can the funds from a reverse mortgage line of credit grow over time? A traditional home equity line of credit you have to pay back and expires after 10 years!! It’s a fair question — and it’s actually the single best feature of the home equity conversion mortgage or HECM line of credit. Stick with… Continue reading How a HECM Line of Credit GROWS
What Do I Do When My Loan Is Due?
What Do I Do When My Loan Is Due?
Access Your Home Equity Without Giving Up Your Low-Rate Mortgage
If you’re a California homeowner age 55 or older, you might be in a familiar situation: you’ve built up a lot of equity in your home, you’ve got a great low-rate first mortgage, and you’re wondering how to access some of that equity without losing your rate — or taking on a big monthly payment.… Continue reading Access Your Home Equity Without Giving Up Your Low-Rate Mortgage
Don’t Put Your Kids on the Title Yet! It Could Cost Them Thousands
Thinking about adding your kids to the title of your home? Or gifting it while you’re still living? 🚫 STOP right there! That “gift” could trigger massive capital gains taxes and take control out of your hands. ✅ In this video, Clay Selland breaks down: • Why gifting your home could backfire • How to… Continue reading Don’t Put Your Kids on the Title Yet! It Could Cost Them Thousands
Senior Thinking of Selling Your Home? Consider the Tax Impact – and the Alternatives
For many homeowners nearing or in retirement, the home has become their largest asset. And with home values in California continuing to rise, it’s natural to start thinking about how to put that equity to work — especially if you’re considering selling to fund retirement expenses. But one often-overlooked piece of the puzzle is capital… Continue reading Senior Thinking of Selling Your Home? Consider the Tax Impact – and the Alternatives
Avoid Delays in Estate Planning: The Key for Your Power of Attorney
Estate planning is an essential part of securing your future and ensuring that your financial and healthcare decisions are managed if you’re unable to do so yourself. A Power of Attorney (POA) or Durable Power of Attorney (DPA) allows a trusted individual to handle important matters on your behalf. However, there’s one crucial step that’s… Continue reading Avoid Delays in Estate Planning: The Key for Your Power of Attorney
Children of Senior Homeowners
As a child of a senior homeowner, you have a growing concern about your parents as they age. One issue is that the configuration of your parents’ home may no longer meet their needs at this stage in their lives. So what are your alternatives? Your parents could move in with you, but that may… Continue reading Children of Senior Homeowners
How to Live Well in Retirement
Living well in retirement or the golden years is what every senior deserves. You have spent years preparing to be able to travel, spend more time with family, and do all the things you may have put off. Most likely you have invested and saved and have a well-crafted financial plan. Why is it more… Continue reading How to Live Well in Retirement
Susan’s Reverse Mortgage Journey
My name is Susan West, I live here in Rio Vista with my canine companion Graeme. I’ve been here 7 years, if it wasn’t for Clay I probably wouldn’t be able to get here. The builder’s loan agent said I had the loan; I had outstanding credit, no car payment, no nothing – a great… Continue reading Susan’s Reverse Mortgage Journey