HELOC Ticking Time Bomb

The Biggest Pitfall of Using a HELOC for Cash in Retirement

I’ve chatted with many seniors over the years who believed that a HELOC is a better option than a reverse mortgage for cash in retirement. Many seniors take HELOCs instead of reverse mortgages at the recommendation of well-meaning CPAs, attorneys, financial advisers, and relatives. Unfortunately, this is often a mistake. HELOCs are a great loan … Read More >>

HELOC Ticking Time Bomb

The Financial Iceberg You Definitely Want to Avoid in Retirement

I’ve worked with a lot of retired seniors over the years who had no clue they were headed dead-on for a financial iceberg. Many signed up for this iceberg on their own, but others did so at the recommendations of well-meaning CPAs, financial advisers, attorneys, and family members. So, what is this financial iceberg? It’s … Read More >>