Time for Advisors to get in the Game

Whether you are a financial planner, advisor, wealth manager, attorney or CPA it is time for you to get off the sidelines and participate in the Home Equity Conversion Mortgage (HECM) discussion. Don’t know what a HECM is? (How embarrassing.) It is a federally insured reverse mortgage. Your clients are looking into these in increasing numbers they

Read More »

There Were Jobs

The other night, I was washing the windshield of my car. As I squeegeed the water off, the memory of a Texaco Man cleaning my dad’s windshield came to my mind. That was how I learned to squeegee a windshield, by watching the “man behind the star” doing his job. Young people today can’t imagine it, but there was a time when a man hurried out to your

Read More »

Courtesy is Contagious

After moving from Chittenden County to Central Vermont, it took awhile for the courtesy of the drivers to affect me. Yes, it was nice having someone stop and allow me to make a left hand turn. It was also a pleasant surprise when I was allowed to emerge from a parking place into traffic.   But it took awhile to change how I drove.   At first,

Read More »

Hip, Again

There have been so many kind inquires about my hip replacement operation, I thought I’d update everyone. It was an incredible success, beyond anything I could have imagined. I’m very happy with my titanium hip. The first question is always, “where did you have it done?” Dartmouth Hitchcock. Why? Because after shopping around on the web, I was attra

Read More »

The Housing Inheritance Myth and Reverse Mortgages

The reason I call it the “Housing Inheritance Myth” for people considering reverse mortgages is that the gap between desire and reality is so wide. Yes, myth may be a bit strong, but bear with me a bit while I try and explain myself. Passing one’s home along to one’s children is part of the American Dream of home ownership. We inherited that dream

Read More »

Reverse Mortgages, New and Improved?

It has taken a few years for the Federal Housing Administration (FHA), which insures Home Equity Conversion Mortgages (HECMs), to sort through the consequences of the worst real estate crisis in living memory and the entry of Boomers into the 62+ market. The result has been more changes recently than in the previous life of the program. One of the

Read More »

Colt .45

I have no sympathy for my fellow Boomers who cruise eBay in search of mementos of their past. “Leave it lie and move ahead”, is my motto. “Let the past be the passed.” But that was before my wonderful sister gave me the surprise gift of a toy Colt .45 that was my favorite childhood gun. It is magnificent. It is perfect. I am a hypocrite. She said t

Read More »

Big Fins

Whether it was the ’57 or the ’59, the record seems pretty clear that the fashion of tail fins on cars reached its peak on a Cadillac. When we talk to young people today about life being different back then, it is impossible for them to imagine how different it was. There were no seat belts and it wasn’t uncommon to see a car drive by with a kid ly

Read More »

Handicapped Parking Spaces

Political correctness aside, I have always complained about parking spaces for the handicapped. Yes, it’s rude to admit, but who hasn’t pulled into a crowded parking lot and steamed at the sight of 3 perfectly good spaces right in front, except that they have that wheelchair logo sprayed onto the asphalt? If you count up all the handicapped reserve

Read More »

Worst Reverse Mortgage Mistakes (Part 2)

Even tougher is the reality of hard math, with a reverse mortgage or without. This can lead to the second biggest mistake people make with reverse mortgages: they stay too long in a situation they can’t afford. When a reverse mortgage is used not just to pay off an existing mortgage or to buy a new house, it makes a portion of the home equity avail

Read More »