David Garrison

STAYING HOME THROUGH SICKNESS AND HEALTH Even before retiring just a year ago at age 69, you had decided against moving to a retirement community in favor of remaining in your own home (where you have the space to host a child or grandchild when they are in town to visit you).While far from handy, […]

THINKING OF POSSIBLE OWNERS-TO-BE Following a round of visiting friends who have sold their homes and moved into various luxury retirement communities, you’ve decided that lifestyle is not for you. After an extended period of mourning your wife’s passing, you have become very involved in community and cultural activities, making the decision to “stay put” […]

REACHING FOR REASSURANCE IN RETIREMENT CHAPTER 2 Over the final third of your careers, the two of you had done a lot of planning for your retirement years, envisioning trips and activities and planning for a do-over of your home to make it “elder-friendly”. Today, six years into retirement, you’re taking stock. You have, in […]

DEFERRED FIXED ANNUITIES & REVERSE MORTGAGES – BROTHERS FROM ANOTHER MOTHER “Perhaps the best protection from market downturns is a steady stream of income,” Penelope Wang pointed out in a recent issue of the AARP Bulletin After mentioning Treasury Inflation Protected Securities, or TIPs, the author suggests another option: income annuities. In fact, single premium […]

USE HOME EQUITY NOW TO GROW FUTURE INCOME STREAM You consider yourself (your spouse generally agrees with this assessment) a very reasoned person when it comes to handling financial decisions. Now retired and in your early 70s, you’ve been witness, over the years, to some of the best and worst times in the stock market. […]

REVERSE MORTGAGE – A “NEW” IDEA THAT DOESN’T TRIGGER “NEW” TAX  In your seventh year of retirement (you’re 69, he’s 73), you’re becoming increasingly concerned with rising everyday costs, especially those for food and gasoline. You home is fully paid for and you’ve kept it well-maintained, so that’s not a present concern. As you consider […]

REVERSE MORTGAGE PLAYS PROMINENT ROLE IN ESTATE PLAN Now about to “really retire” at ages 71 and 70 (you have each continued to work part time for the past five or six years), you’re in the process of updating your investment and estate plans. Having now made the firm decision to remain in your present […]

WHEN DIVORCE DO US SENIORS PART  You wryly describe your situation as a “gray marriage turned black”. When you (a widower) and she (a divorcee) married six years ago, you bought your present home together, financing it through a combination of equal contributions of cash and a HECM-for-purchase reverse mortgage.  Your soon-to-be ex has already […]

REVERSE MORTGAGES TAKE RIGHTFUL PLACE ON CLIENTS’ NEED-TO-KNOW LIST Fully three and a half years ago, in an early Shift Into Reverse blog post, we addressed the compliance principles that apply when financial advisors discuss with clients products they themselves are not licensed to sell, such as property/casualty or long term care insurance and reverse […]