New eBook shows how reverse mortgages destroy wealth
It is hard to get through an hour of commercial television without seeing a celebrity promote reverse mortgages as means to a better life for seniors. Far from life enhancing, these loans destroy wealth, providing gullible victims with modest cash amounts as vastly more home equity is taken. Borrowers either pay off the loan atRead More
This Is Not the Time to Over-Reach for Yield
The adage that there is no free lunch is quite germane in the realm of fixed income investments: the greater the return, the greater the risk. With money market accounts yielding next to nothing, 5-year treasury bonds offering about 2%, and bank CDs something in between, you are probably tempted to reach for more yield.Read More
Getting Good Advice Just Became Easier
The financial reform bill now under consideration in Congress may or may not pass. But already, the folks in DC made the task of obtaining good financial help easier. Under pressure from brokers and insurers who contribute much to political campaigns, the drafters of reform took out the one thing that would have best servedRead More