Listener Questions - Reverse Mortgages and Helping a Widowed Parent

 
We’re talking about two important topics today: Are reverse mortgages a bad idea? And how can I help my widowed parent with their finances?
 
Read more and get additional resources here: https://wp.me/p9B077-Me  
 
Learn more about reverse mortgages: https://smartmoneyquestions.com/podcastposts/episode-93-harlan-accola-behind-the-curtain-of-reverse-mortgages/ 
 
What we discuss on this show:
2:56 – Are reverse mortgages a bad idea?
6:35 – Different types of reverse mortgages
9:08 – Can we get kicked out of our home?
13:03 – How to help a widowed parent
14:49 – Look at beneficiaries
16:01 – Do you see any life insurance?
17:46 – Look at parent’s living arrangement
18:36 – Matt talks about is father’s passing
20:04 – Are liabilities joint or just in one parent’s name?

Top Places to Retire and How They Affect You Financially

U.S. News & World Report has released its list of the top places to retire in the country. Choosing where to retire is not only a personal decision; it’s also a financial one. We’ll explain why.
 
Read more and see the full list of cities here: https://wp.me/p9B077-M8 
 
What we discuss on this show: 
2:26 – How were places ranked?
3:15 – Top 15 places to retire
4:40 – Consider housing affordability
7:03 – Consider renting before buying
9:50 – Consider changing residency
12:12 – Consider doing a financial exercise
13:43 – Consider the emotional side