Retirement InSight and Trends is the quarterly newsletterr for the International Foundation for Retirement Education’s Certified Retirement Counselors® (CRC®s) to help retirement professionals with the practical application of new retirement readiness, counseling, planning and income management concepts for the mid-market. Find out more about the CRC® and InFRE here.
This issue is no longer eligible for CE credit. Click here to see other free issues that you may read. Recent issues are eligible for CRC®, CFP®, CRPC®, ASPPA, the American College’s Professional Recertification Program (CLU®, ChFC®, CASL) and other CE credit when you pass the online exam.
The articles below comprise this retirement-specific newsletterr. Click on the links below to read each article online separately, or click here to view and print the issue in its entirety.
- “Medicare Advantage vs. Medigap: Which plan is right for your clients?” by Joanne Giardini-Russell, Owner, Boomer Health Group and Cameron Giardini, Boomer Health Group. There are the two choices that every 65-year-old is going to face when it’s time to think about what they’re going to do when it comes to Medicare: do they go with a Medicare Advantage Plan or Medigap?
- “Heading Toward Social Security Reform” by Bruce D. Schobel, FSA, MAAA, CLU, CEBS, Consulting Actuary. Let’s start with Social Security’s financial status. There isn’t any real news here. For more than 30 years, Social Security’s Annual Trustees Reports have shown a very similar financial picture for the program. The funds have been building up over 36 years, and now they’re going to be drawn down somewhat faster than that. They’ll be exhausted around 2035.
- “Reverse Mortgage for Purchase: Helping Seniors Buy a Right-Size Home with the Right Tool” by Allen Chao. The reverse mortgage program is a multi-faceted tool. As a lender is, we qualify your clients for the most amount of money that they can get. For a traditional reverse mortgage you can divide that money up such as a credit line that you can tap into down the road, you can take it out as a lump sum to pay off a mortgage or pay off credit card debt, or we can annuitize it almost into monthly income options.
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