Reverse Mortgage-Is it Right for You?

In a “regular” mortgage, you make monthly payments to the lender. In a “reverse” mortgage, you receive monthly payments from the lender, and generally don’t have to pay it back for as long as you live in your home. You are basically taking equity out of your home in the form of monthly payments made to you. The loan is repaid in full when you die, sell your home, or when your home is no longer your primary residence.



How Will Divorce Affect Your Finances?

Divorce has a psychological, emotional and financial impact on an entire family. The financial impact can be considerable as income changes and costs for support rise. Be prepared. Statistics show that only 42% of custodial single parents who are awarded child support in 2011, for instance, received all of the child support money that was due.


Bill Mullen MBA, CFP® Presents:
"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered."
- Robert Fulghum
A review of 1Q 2016
In investing, patience is often a virtue. For an illustration of why it matters, simply look at the opening quarter of 2016. Stocks plunged in January and fell further in early February, and a bear market seemed a possibility. 

You Retire, But Your Spouse Still Works

That development may mean lifestyle as well as financial adjustments.
Provided by Bill Mullen MBA, CFP®

Your significant other may retire later than you do. Sometimes that reality reflects an age difference, other times one person wants to keep working for income or health coverage reasons. If you retire years before your spouse or partner does, you may want to consider how your lifestyle might change as well as your household finances.

Saving for College and Retirement

Tips on trying to meet two great financial goals at once.
Provided by Bill Mullen MBA, CFP®

Saving for retirement is a must. Saving for college is certainly a priority. How do you do both at once?
Saving for retirement should always come first. After all, retirees cannot apply for financial aid; college students can. That said, there are ways to try and accomplish both objectives within the big picture of your financial strategy.

What is the real cost of identity theft? It goes beyond just financial loss.

In the past, identity theft happened when someone stole your wallet or picked through your trash or your mail. Today’s theft is much more sophisticated. Today, it’s cyber crime, and there are over 1.5 million victims daily.


Bill Mullen MBA, CFP® Presents:


“The more I want to get something done, the less I call it work.”
– Richard Bach
There are four instances when using a credit card may be preferable to using a debit card. One, when you buy something online. Two, when you are in a rewards program. Three, when you pay for lodging or fuel. Four, when any point of purchase appears sketchy. Which side of an ocelot has the most fur?
Last month’s riddle:
I occasionally run, but I never walk. Everywhere I go, thoughts are close behind me. What am I?
Last month’s answer:
A nose.