David Garrison

REVERSE MORTGAGES IN REVIEW For many years after the Deering Savings & Loan first issued a reverse mortgage to Nellie Young of Portland, Maine in 1961, CPA Joshua Wiesenfeld writes, the product was viewed with suspicion by CPAs and financial planners. Over the years, that view became outdated, he adds, with the Financial Industry Regulatory […]

USING REVERSE MORTGAGE FUNDING TO STAY ROOTED While the original plan was, once you’d both retired, to put your home on the market and join several former neighbors at a nearby independent living retirement community, you’ve changed your minds and decided to stay put. Rather than waiting months for just the right spot in that […]

FAIR-AND-SQUARE DIVORCE DIVVY-UP USING REVERSE MORTGAGE FUNDING If there is such a thing as an amicable divorce, that’s what the two of you are trying to accomplish. The one item about which there has been no dispute is the occupancy of your home – while your will be continuing to live in Indiana, your soon-to-be […]

HOME EQUITY CAN HELP RETIREE GO FROM EMPLOYEE TO OWNER           Although you’ve enjoyed success in your long career in sales, it’s always been as an employee rather than as an owner. In fact, your original idea was to take on sales training gigs after retirement (planned for the end of […]

SHIFTING FINANCIAL PREPARATIONS FROM CHILDREN TO SELVES  With all three of your sons now heads of families, the two of you have begun to focus your attention on your own future financial security, with plans to retire from full time work three years from now (you’re now 63, she is 62). In reviewing your insurance […]

UNCLE’S HOUSING WEALTH CAN HELP BUDDING ENTREPRENEURS With no children of your own, you have cultivated an especially close relationship with your nieces and nephews over the years, occasionally offering financial help as each of the kids completed degrees and launched careers. Now, with two of your nephews in the process of launching a travel […]

LEAVING YOUR HOUSING WEALTH, NOT YOUR HOUSING, FOR HEIRS Widowed for the past decade, you’re grateful to have been able to keep up the management of the beautiful home where the two of you raised your children. Your hope is to live out the rest of your years there, but in the process of organizing […]

REVERSE MORTGAGE AS A MEASURE OF RELIEF FOR BOTH MOM AND DAUGHTER As the only daughter (and the only unmarried, locally-based child) of a chronically ill parent, you are weighing the decision to retire at the end of the current school year (May 2025), in order to take on some of the duties of caretaking […]

HOME EQUITY  Retired for the past nine years, the two of you have found various ways to supplement your income, with your wife teaching dance at a local studio and you doing handyman work and assisting at a roofing company. You long ago made the decision to continue living in your home, which is fully […]