Category: FINANCE & LEGAL
Senior Living. Senior Solutions. Made Simple.
Selling the family home: A life transition filled with memories and meaning By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory Selling the family home: Emotional and financial considerationsFor many...
Read MoreReport estimates that Social Security trust fund can pay all benefits until 2034
In June, the Social Security Board of Trustees released its annual report on the financial status of the Social Security trust funds. The combined reserves of the Old-Age and Survivors Insurance and Disability Insurance (OASI...
Read MoreMyth or fact? ‘I can get forms on the internet for my estate plan; I don’t need to go to an attorney’
By Elizabeth A. Caruso, Esq. This is a myth!Creating an estate plan is a very personal journey that should be led by a professional. Just like the dangers of using “Dr. Google” to determine why your foot hurts and every article...
Read MoreStaying or selling? How to know when it’s time to move
By Leon Merian, SRESRealtor, Compass For many older adults, the question of whether to stay in the home they’ve loved for decades or move to something new isn’t just about square footage or property taxes – it’s emotional,...
Read MoreThe Sandwich Generation: Navigating care for kids and aging parents in Boston and the South Shore
By Mark Friedman If you’re raising children while also supporting aging parents, you’re not alone. You’re part of the Sandwich Generation – an increasing number of adults balancing the intense responsibilities of caring for two...
Read MoreThe Home Equity Conversion Mortgage: A unique loan for older homeowners
Federally insured Home Equity Conversion Mortgage provides special terms to accommodate retirement incomes By George A. Downey Homeowners 62 and older should consider the potential benefits a Home Equity Conversion Mortgage...
Read MoreHome equity credit lines threaten older homeowners
Lurking payment increases can shock HELOC borrowers By George A. Downey A standard, but long-forgotten, term in Home Equity Lines of Credit (HELOCs) is the reset provision. Traditional HELOCs feature attractive terms including...
Read MoreNew commissioner promises to ‘protect’ Social Security
Financial services industry leader Frank Bisignano recently was sworn in as the 18th commissioner of Social Security.He joins the Social Security Administration from Fiserv, the industry leading payments and fintech company,...
Read MoreSupporting all residents is the mission of OCES during Pride Month, and all year long
By Nicole Long, MSW, LICSW CEO of Old Colony Elder Services The 1969 Stonewall Uprising served as a catalyst for the global movement for LGBTQIA+ rights.In June, we celebrate Pride Month commemorating this important time in...
Read MoreAn often-overlooked aspect of estate planning – how to handle a second home
By Elizabeth A. Caruso, Esq. With summer swiftly upon us, I wanted to take this month to highlight benefit of estate planning that many people may not think about when crafting their overall plan – the management and...
Read MoreHome equity: The overlooked asset that can be a flexible funding source to increase financial security and lower stress
By George A. Downey According to a summary of the recent JP Morgan “Guide to Retirement” from Shannon Hicks of HECM World, “the home equity in your primary residence may be used” as part of a long-term care or retirement income...
Read MoreSenior Living. Senior Solutions. Made Simple.
More house for your money – negotiating the best possible deal By Korey Welch, Owner of Boom Realty and Senior Mortgage Broker, Loan Factory Selling a home is one of the largest financial decisions most people will ever make,...
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