What Retirees Should Know about Equity Lines

Home Equity Lines of Credit (HELOC’s) are usually simply called equity lines. Contrary to what many people think, HELOC’s are mortgages. The property is the collateral for the loan and a mortgage is secured against the property and recorded with the city or town where the property is located. Usually, these are adjustable rate loans. That means the

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Old Time Medicine

It would be more accurate to call it “Old Time No Medicine”, for in the world Boomers grew up in, there was precious little medicine in the medicine cabinet. In the medicine chest at our house, there was a battered box of Band-Aid brand band-aids, a bottle of mercurochrome, and a bottle of Bayer Aspirin. There were other things, like my dad’s Noxze

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Broken Watches

In an almost forgotten wooden box are keepsakes I have saved for no apparent reason. They are an assortment of broken watches that go back to my first watch. It was a high school graduation present from my parents, purchased at the local pharmacy. A Timex, of course.   There are no plans for my treasures. Rarely do I even sort through them. Ab

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The White Album

George Martin’s passing inspired more news coverage than most of us will ever receive. Like most Beatles fans, I always listen up when I hear anything about the Fab Four. In this case, it was on the complexity and uniqueness that Martin brought to the recording of their music. Rather than Goggling to learn more about Martin, I went to my iPod and b

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Colds

My lovely wife and I have just survived three hacking, coughing, sneezing weeks of headaches, fevers, and fatigue. It was one of those times in life that demonstrate how wonderful it is to be in love with the person you live with. Nothing tells more about a relationship than a stuffy nose and productive cough. This is especially so when it is obvio

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Discovering a New Holiday Spirit

Between the ads pressuring us to shop, shop, shop and the Christmas carols demanding joy and yet more joy still, I sometimes want to . . . well, do something decidedly unjolly. Sure, I love the holidays, but I probably loved them more when they started later and weren’t so aggressive. Let’s face it; I also miss a lot of people who aren’t around to

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Paperwork and Parents

One of the most difficult parts of assisting an older parent, sibling, or friend is that when you become aware of situations, they may already be full-blown crises. Dealing with these problems can not only be time-consuming and needlessly costly, they can also create friction between you and the loved one you are trying to help. My work requires cl

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Shrinking

Maybe it’s a coincidence, or maybe just an attitude problem, but since I turned 60, my birthdays have been ambushing me in an aging sort of way. This year I turned 66 and I am shrinking. In elementary and middle schools, I was always one of the shortest kids. This sense of shortness continued with me even as I grew to the robust adult height of 5 f

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HECM Reverse Mortgages & Financial Assessment

In the spring of 2015, the most significant change in the history of Home Equity Conversion Mortgage (HECM) reverse mortgages went into effect. For the first time since the inception of the program, the homeowner’s ability and willingness to manage his/her financial obligations have become part of the qualifying process for a HECM. These and other

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