Planning for the Future

To help seniors and families understand and manage the financial and legal challenges that may lie ahead, you should consult with experts who specialize in working with those who are retired or facing retirement.

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Four Receive SHIIP Awards

SHIIP Winners: (l-r) Ed Regan, Dyana Morgan, SHIIP Deputy Commissioner Van Braxton, Joe Buckner and Jeannie Schepisi accepting award on behalf of Carmen Long Four statewide awards from SHIIP, the Department of Insurance’s Seniors’ Health Insurance Information Program, were presented April 18 during the North Carolina Association on Aging conference in Raleigh by SHIIP Deputy Commissioner Van Braxton. • SHIIP [...]

2019-01-02T18:18:29-05:00August 19th, 2013|Insurance, Resources|
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Reverse Mortgages – Far Better Than You Think

Home Equity Conversion Mortgages (“HECMs”), usually called reverse mortgages, allow seniors to convert part of their home’s equity into cash, into a line of credit or both. Therefore, HECMs provide cash for immediate needs and access to additional funds, when required. The line of credit is one of the premiere features, because: • Available (unused) funds grow tax free at [...]

2013-08-16T22:42:16-04:00August 16th, 2013|Reverse Mortgage|
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How to Buy a Retirement Home Using a HECM

The FHA’s HECM for Purchase program is designed to help seniors purchase a new primary residence. It may double their purchasing power, minimize their down payment, and eliminates required monthly mortgage payments. Yes, a HECM (Home Equity Conversion Mortgage) is a reverse mortgage, but unlike their common uses (e.g. to refinance a home or make ends meet) a growing number [...]

2013-08-16T22:42:16-04:00August 16th, 2013|Reverse Mortgage|
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An Adult Discussion about Health Care

By Allen Johnson, Editorial Page Editor, in the News-Record Still thoroughly confounded about the state of health care reform in the United States? A good place to start for common-sense answers is T.R. Reid’s brisk and engaging best-seller, The Healing of America: A Global Quest for Better, Cheaper and Fairer Health Care. First published in 2009, this book essentially is [...]

2019-01-03T14:40:46-05:00June 21st, 2013|Insurance, Senior Care Management|
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An Aging Parent’s Guide to Long-term Care

Remember when your children were little, and they came down with the flu? You lovingly nursed them back to health. You cared for them through colds, the measles, and chicken pox. You kissed their boo-boos and bandaged scraped knees. After all, that’s what parents do. Today your children are grown, probably married with families of their own. They may have [...]

2013-06-20T21:57:38-04:00June 20th, 2013|Insurance|
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The Seniors’ Health Insurance Information Program

By Sam Matthews, Shepherd’s Center of Greater Winston-Salem The Seniors’ Health Insurance Information Program or SHIIP is a consumer information division of the North Carolina Department of Insurance that helps Medicare beneficiaries with Medicare, Medicare supplements, Medicare Advantage, Medicare fraud and abuse, and long-term care insurance questions. The program was founded in 1986 in direct response to the growing concerns [...]

2019-01-02T17:28:40-05:00June 20th, 2013|Insurance, Resources|
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Long Term Care: Exploring Your Options

Have you ever thought about what would happen if you, or a member of your family, were no longer able to live independently? What if your elderly parents were no longer able to drive or perform basic activities of daily living, such as bathing or toileting? Would you or another family member be able to provide the care they might [...]

2013-05-28T23:55:17-04:00May 28th, 2013|Insurance|
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What is a Reverse Mortgage?

By Debbie Hall, Director, Senior Financial Care Reverse Mortgages are becoming more popular in the United States as more Americans retire and decide to “age in place”, but you should be cautious before spending down the equity in your home. In fact, it never hurts to be cautious about any financial product someone is trying to sell you. Since for [...]

2013-05-28T23:40:54-04:00May 28th, 2013|Reverse Mortgage|
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The Hidden Risk to Retirement Savings

Linda P. Erickson Linda P. Erickson, CFP®, is the president of Erickson Advisors and a registered principal offering securities through Cetera Advisor Networks, LLC, 336-274-9403 lindae@ericksonadvisors.net. When someone asks if you have any risk to your retirement savings, how do you answer? Many will say, “I don’t have any risk. I have everything in an investment or savings account [...]

2019-01-19T14:28:07-05:00April 20th, 2013|Financial Planning & Money Management|
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Getting The Best Return On Your Charitable Investment

Nicholas J. Pino is an Investment Advisor with Capitol Financial Solutions in Raleigh. What’s the best way to give to a charity? It depends on what you’d like to achieve. Are you giving because you think it’s the right thing to do, because you want to create a legacy or because you’re following a family tradition? Are you looking to [...]

2013-04-19T22:20:11-04:00April 19th, 2013|Financial Planning & Money Management|
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