Category: FINANCE & LEGAL
Is a reverse mortgage right for you? Suitability could potentially be more important than eligibility
By George A. Downey Post-pandemic home price and interest rate increases crippled home sales and with it, mortgage volume. The need to replace lost income has attracted new buzz among lenders to add reverse mortgages to...
Read MoreCelebrate your independence with these Social Security resources
By Delia De Mello Every July 4, we celebrate our nation’s independence. For nearly 90 years, our programs have helped create financial independence for millions of hardworking people. We have useful online resources like the...
Read More‘I created an estate plan, now what?’ Here are five pieces of good advice
By Elizabeth A. Caruso, Esq. This month’s Elder Law Myth Busters will go through the Do’s and Don’ts of what to do with your completed estate plan. You met an elder law attorney, crafted an estate plan, had it signed, now what?...
Read MoreA common misconception about wills and probate
By Alexis Levitt Many people believe that having a valid will allows their estate to avoid probate. This is not the case. In fact, the probate process focuses on authenticating a decedent’s will (if there is one) and approving...
Read MoreRetirement Dreams or Nightmares
Avoid outliving your primary care physician By Steven V. Dubin How do I avoid outliving my primary care physician? Glad you asked. When I started to take my own health care somewhat seriously, around the birth of my first child...
Read MoreWhat Tom Selleck did not say about reverse mortgages
There’s more you need to know than what you’ve heard on his television commercials By George A. Downey Motion-picture and television actor Tom Selleck became the face of reverse mortgages through TV advertising. Unfortunately,...
Read MoreWhy it’s important to tell Social Security Administration about your finances
By Delia De Mello Do you receive Supplemental Security Income (SSI)? If so, you need to tell the Social Security Administration about any financial accounts you own, alone or with someone else. That’s because SSI is a...
Read MoreBack to basics: Money-saving ideas for prescriptions
By Patricia Prewitt My Personal Rx Adviser It takes work to find ways to save money for prescriptions needed on a regular basis. Everyone has a different insurance plan, and Medicare Part D plans can be more...
Read MoreHome Equity Conversion Mortgages: How home equity surge may help you
By George A. Downey The post-pandemic historic spike in home prices – a boon to sellers, a challenge to buyers, and a potential blessing to homeowners that want to age in place. Why it matters A common fear...
Read MoreWhen making investment decisions, get the skinny on dividends
By Chris Hanson When the North End’s “Skinny House” went on the market a couple of years ago, I jumped at the chance to take a look. I’ve always wanted to live in a historic house, but I quickly learned that the house wasn’t...
Read MoreHelp! My insurance plan no longer covers my prescription
By Patricia Prewitt My Personal Rx Adviser A client who attended a local consumer education class in 2023 reached out to me a few weeks ago to ask about a notice he received from his prescription plan. A medication he has...
Read MoreDon’t spread your loot among lots of banks – here’s why
By Alexis Levitt Lately I’ve been seeing clients who have spread their accounts over many different banks. My sense is that people do this over time, chasing good interest rates, and not exactly meaning to have so many banks in...
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