David Garrison

WITH A REVERSE MORTGAGE, PAYING FOR A NEW SMILE NOT “LIKE PULLING TEETH” Your neighbor (like yourself in her late seventies) recently confided that she is in the process of what her dentist is calling a “rebuild” of her mouth. The six-nine-month long series of procedures, including extractions, surgeries, and dental implants, will improve not […]

EARLY SOCIAL SECURITY? A REVERSE MORTGAGE MIGHT BE BETTER   Your plan had been to work at least until your so-called Social Security “normal retirement age” of 67, but here you are, barely 62, victim of a pandemic-based downsizing. You have been applying for jobs and will certainly find a way to earn some money, […]

HOUSING WEALTH — A BIG PART OF THE ACTUAL BUSINESS OF ADVICE  “As advisors, we’re often programmed to believe we are fiduciaries of the capital clients give us,” Tai-Chim Tung observes in Advisorpedia. “That’s certainly true,” she says, “but a big part of being an advisor is the actual business of advice..”. As a financial professional, […]

HOUSING WEALTH CAN SERVE AS A BACKUP PLAN  You feel at once blessed and proud, because in taking stock of your lives since retirement, the two of you have succeeded, through your own endeavors, in building assets you inherited from parents and grandparents into a nice, if not newsworthy, estate.  You live on a property […]

“TRADING UP” DEBT USING HOUSING WEALTH  Retiring your home mortgage prior to your own and your wife’s retirement from your respective careers, had been, for many years, an important element in your planning. Now, five years later, after an unsuccessful foray into a part-time business venture and some unexpected home repair costs, you realize that, […]

HOUSING WEALTH CAN ENABLE AILING SPOUSE TO STAY HOME For the past six months, your wife’s health problems have been worsening, and the recommendation has been for her to move into an assisted living facility nearby. Right after COVID, the two of you, both age 71 at the time, had decided that you were not […]

YOUR REVERSE MORTGAGE NOW AND LATER Ten years into a second marriage, and now four years into retirement, you’re grateful for the decision you made to sell each of your homes, jointly purchasing the one in which you now live. Together, you’re reaping the benefits of the saving and planning each of you had done […]

HOME EQUITY CAN TURN AN EMERGENCY INTO A TRANSITION While the plan had always been for each of you to work at least up to the social security “normal retirement age”, your husband was recently notified (at his age 64) of an involuntary severance –  effective next month! The company will continue to pay his […]

BACK TO HOME OWNERSHIP AGAIN IN INDIANA After retiring several years ago, you relocated from Nevada to Indiana to be closer to family members. At the time, you made the decision to rent an in an upscale apartment community, choosing not to rush into a real estate purchase. As a widow, you needed time to […]