David Garrison

“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 […]

SNOWBIRD WANNABES CAN TAP HOUSING WEALTH  Prior to your retirement (yours three years ago, hers one year later) the two of you had resolved to remain in your home rather than relocating to a nearby retirement community. Since that time, you’ve hired professionals to bring the house itself “up to speed” – (new roof and […]

CHANGING COURSE, STAYING ON TARGET  With your wife’s retirement less than half a year away (she will be 65), you’ve stuck with your plan to have your home totally paid for by the time of your own retirement, scheduled for the end of next year. So far, despite the recent rise in everyday costs of […]

REVERSE MORTGAGE CAN HELP HOMEOWNER EXECUTE HIS PLAN  A frank estate planning/general financial planning discussion with your two children revealed that, while you hope to spend the rest of your days in the home you and your late wife had purchased almost thirty five years ago, neither of the kids has any interest, after your […]

ROTH CONVERSION/ REVERSE COMBO HELPS CREATE TAX-FREE LEGACY With both of you turning 73 later this year, you’re reminded that you will need to take your first Required Minimum Distributions out of your IRAs. Of the belief that future tax rates are likely to be higher than today’s, you also like the idea of creating […]