Monthly Archives: February 2019

The progressive left seek to dismantle our culture; Are they coming for your money?

OP-ED JULY 12, 2019 See editor’s note at the end.

Megan Rapinoe’s antics spell out exactly the type of civil war we are up against

The progressive left seek to dismantle our culture

Photo by Wang Ying/Xinhua via Getty

 STEVE DEACE

https://www.theblaze.com/u/stevedeace

As we drift this week in the debaucherous chaos of Megan Rapinoe — aka what would happen if Rosie O’Donnell played soccer — it is important to consider a revelatory Twitter thread earlier in the week from Jesse Kelly and an on-air rant by Tucker Carlson.

For in the midst of progressive cancer, both men had strong medicine.

Kelly, who has clearly shown himself to be a man who refuses to pull punches when it comes to America’s domestic enemies, nonetheless confessed that he has under-appreciated their true malicious intent for the rest of us:

For too long the people on the Right (myself included) have called the American Left ‘socialists’ or some brand of that. But it’s dawned on me they’re something else entirely and I can’t quite put my finger on it. Even the commies loved their country. This is something worse. The commies didn’t want to flood their countries with illegal aliens and deport nobody. The commies would never have allowed government schools to encourage young children to question their gender. Or allowed a young boy to dress in drag and dance for men. I can’t stop thinking about that Gallup poll showing only 22 percent of Democrats are proud of their country. Something has really shifted. It’s not UN-American. It is ANTI-American. That’s not communism. That’s an insurgency.

That is exactly right and is what we’ve diagnosed on “The Steve Deace Show” for quite some time. If conservatism is actually going to be capable of being an effective movement going forward, its adherents need to realize that its foes aren’t primarily driven by a political ideology. No, they are devout knee-benders to a spirit of the age cult, whose iconoclastic goal is the dismantling of Western Civilization, or Judeo-Christendom, for the purposes of installing a totally different culture.

I get how hard this is to embrace, though, even for a former military man like Kelly. For it means that words like freedom, tolerance, and humility are actually nowhere to be found in the playbook of the Rapinoe mob, and thus our public spaces cannot truly be shared with them in any real sense over the long term.

Either they will win and rule us, or we must do what it takes to stop that from happening. That’s called a civil war folks, which is exactly what the militant left has been waging for quite some time now while we focus on Rasmussen polls.

As for Tucker Carlson, he pointed out during one of his shows the painfully obvious fact that Rep. Ilhan Omar (D-Minn.) loathes the very country that rescued her from oppression and then elected her to Congress. If we don’t learn from that stupidity vis-a-vis our nation’s immigration policy, he said, the natural consequences will be both existential and deserved:

No country can survive being ruled by people who hate it. … [Omar] scolded us, called us names, showered us with contempt. It’s infuriating. More than that, it is also ominous. The United States admits more immigrants more than any other country on Earth, more than a million every year. The Democratic Party demand we increase that by and admit far more. OK, Americans like immigrants, but immigrants have got to like us back.

To share beliefs with Carlson and Kelly used to simply mean that you were an American, regardless of party. But now they qualify you as a bigot who must shut up and guzzle whatever Rapinoe and Omar spew forth from their rancid firehose.

Just look at Rapinoe’s “I deserve this” taunt and see it through to its logical conclusion, because it implies something very dire if you get in her way. It is Loki in the first Avengers movie: You were meant to be ruled by her, you backwards fool.

Sure, laugh at the preposterous reality of that if you chose, but it is the very sort of laughter that is the soundtrack to putting a bullet in your culture’s head day by day. We are being surrounded by an orgy of nonsense that far too many people write off as just another political debate, instead of hearing it as the ominous and looming executioner’s song that it is.

Editor’s Note: “One of our tangents here at Gofinancial.net is the belief that Social Security, Medicare and Home Equity is in danger of being raided by the new left looking out for themselves, mostly.  Is this force ANTI AMERICAN or just SELF SERVING?You don’t have to agree with us, but others are and so we add their voices here to support our own. Yes, you can object. It’s OK.” Warren Strycker, veteran mortgage professional.

 

 

CPA clients worry about running out of money

Of all the concerns impacting Americans’ retirement today, running out of money, maintaining their lifestyle and rising healthcare expenses continue to top the list. This according to the American Institute of CPAs (AICPA) Personal Financial Planning Trends Survey which was conducted August 20 through September 24, 2018 and includes responses from 631 CPA financial planners.

 

Running out of money is the top financial concern of clients planning for retirement, cited by 30 percent of CPA financial planners. This reflects an improvement from the AICPA’s 2016 survey, which found 41 percent of clients listing it as a top concern. This is likely due to the economy’s steady improvement over the last few years, with the stock market continuing to climb despite volatility. Clients worried about maintaining their current lifestyle and spending level (28 percent) in retirement was a close second financial concern. Stress from rising health care costs (18 percent) was a distant third. However, with medical costs forecast to continue growing throughout 2019, it is not surprising that this concern is up 7 percentage points from 2016.

COMMENT: Do they actually run out of money in retirement. Yes, as it turns out:

The rate of people 65 and older filing for bankruptcy is three times what it was in 1991

Older Manufactured home owners deserve a HECM refinance too! “Call 928 345-1200 now”.

The HECM Reverse Mortgage offers help when money runs dry. Those with home equity can draw on it through a Government guaranteed loan which requires no payments in their lifetime while they keep taxes and homeowners insurance paid up. Contact veteran financial professional Warren Strycker at Patriot Lending for details. See contact information under “information” tab on home page of this website.

 

 

The CASE against HECM Reverse Mortgages

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Send your answers to warren.strycker@patriotlendingusa.com and I will list them here. We’ve been fending off false remarks about HECM for more than a dozen years wondering where people get their ideas. Now, we know about FAKE NEWS, and why it happens. Do you?

 

 

Build Home Equity: The “#HECMHOUSE” is your bank in retirement

#HECMHOUSE

Simply put, a #HECMHOUSE is your home invested in your lifestyle. Those who use their home equity to support retirement income is a step ahead of those who borrow with interest and make payments. A #HECMHOUSE has no need for mortgage payments so budgets are more fluid.

“One specific asset that needs to be tapped, is the house.”, says Merton

Banking on home equity; Part of Retirement Plan; Eligible again and again.

But Wait, Doesn’t the Bank Own the House? “Well, that’s false” — known as fake news

Give gifts from your home equity “BANK” and never make a payment or lose your home.

Lots of seniors will run out of money in retirement. HECM helps.

HECM Reverse Mortgage accesses equity safely.

Más de 25 maneras de usar un HECM; Utilice el banco de capital en la casa para comprar paneles solares; ahorra hasta un 85% (spanish)

La nueva hipoteca inversa de HECM es una herramienta versátil de fondos de jubilación que se puede utilizar de muchas maneras. Aquí hay sólo algunos de ellos:

Pague su hipoteca a plazo para reducir sus gastos mensuales.
Vuelva a modelar su casa para adaptarse a las limitaciones del envejecimiento
Mantener una línea de crédito (que crece) para emergencias y sorpresas de salud.

Cubra los gastos mensuales y retenga otros activos mientras su valor continúa creciendo.
Cubrir los gastos mensuales y evitar vender activos a valores deprimidos.

Pagar el seguro de salud durante los años de jubilación anticipada hasta que sea elegible para Medicare a los 65 años.

Pague sus costos de Medicare Parte B y Parte D.

Combine los pagos de tenencia de la vida con el Seguro Social y los ingresos generados por los activos para reemplazar su salario y mantener su rutina mensual de pagar las cuentas de los nuevos ingresos.

Pague por la educación universitaria o profesional de sus hijos o nietos.

Mantenga una reserva de efectivo “standby” para pasar por los altibajos de los mercados de inversión y brindarle más flexibilidad
Combine los ingresos con la venta de una casa para comprar una casa nueva sin una hipoteca a plazo y pagos mensuales de la hipoteca.

Pagar por las necesidades de cuidado a largo plazo
Llene la brecha en un plan de jubilación causado por rendimientos menores a los esperados en sus activos.

Pague por cuidados a corto plazo en el hogar o terapia física después de un accidente o episodio médico.

Pagar por un plan de jubilación, plan de patrimonio o un testamento.
Convierta una habitación o sótano en una instalación de vivienda para un padre, pariente o cuidador envejecido.

Configure los arreglos de transporte para cuando ya no esté cómodo conduciendo.
Crear un apartado para pagar los impuestos de bienes raíces y seguros de propiedad.
Retrasar el cobro de los beneficios de la Seguridad Social hasta que alcance el límite a los 70 años.

Elimine las deudas de tarjetas de crédito y evite construir nuevas deudas de crédito.
Cubra los gastos mensuales entre trabajos o durante la transición de la carrera sin utilizar otros activos guardados.

Cubrir gastos y evitar las ganancias de capital, consecuencias fiscales de la venta de otros activos.

Compre tecnología relacionada con la salud que le permita vivir solo en casa.
Pague una cuenta de Uber o Lyft para que tenga movilidad y acceso a citas y actividades sociales.

Ayude a sus hijos adultos a través de emergencias familiares.

26. Utilice su banco de capital de la casa para comprar paneles solares. HAGA ELECTRICIDAD y ahorre a lo grande en servicios públicos, hasta un 85% de ahorro. No hay pagos HECM en su vida. 25+ MANERAS DE UTILIZAR UN HECM (Home Equity Release). https://gofinancial.net/2017/05/25-ways/…

¿Quieres hacer electricidad y ahorrar hasta un 85% en servicios públicos? Use el préstamo HECM y no realice pagos en su vida. Grandes ahorros en sus utilidades. Considera la energía solar en tu techo ahora. Utilice HECM para obtener el mayor apalancamiento. “Háblame”, dice Warren Strycker, veterano profesional, 928 345-1200.

La energía solar limpia y sostenible se está convirtiendo en una estrategia energética moderna y confiable con importantes ventajas financieras y medioambientales.

Facturas de energía más bajas que nunca subirán. Reduciendo nuestra dependencia de los combustibles fósiles. Asegurando un ambiente más limpio para que las generaciones futuras puedan disfrutar. Creación de empleos de calidad para los arizonenses en una industria global en expansión. Hay muchas razones por las que la energía solar se está convirtiendo en una opción energética de elección para los consumidores y empresas comerciales con conocimientos financieros y medioambientales. Otros beneficios a tener en cuenta:

Reducción de costes eléctricos.

Mayor valor de reventa para propiedades
Inversión con tasa de rendimiento garantizada que aumenta a medida que aumenta el costo de vida
Uso libre de culpa de la electricidad para mayor comodidad, eficiencia y conveniencia.

Contribuyendo a un planeta más limpio y saludable.

Escucha la historia solar en Arizona. Supera las tasas crecientes que tienes ahora para hacer “#SUNtricity” a una tarifa plana. Con un HECM, le costará poco o nada de su bolsillo, y “puedo recomendarlo”, dice Strycker. (928 345-1200)

“Sí, te puedo recomendar”, Warren Strycker
928 345-1200

Si necesita un traductor, llame al 928 345-1200 y solicite hablar con Armando Pérez.

Merton: las hipotecas inversas son poderosas, pero en gran parte sin explotar

por Robert Huebscher,

“Puedes mejorar tu nivel de vida”, Merton
De acuerdo con Robert Merton, los fondos con fecha objetivo son una manera excepcionalmente mala de ahorrar para la jubilación. Pero, dijo, las hipotecas revertidas son una herramienta poderosa, aunque en gran parte sin explotar, para que los jubilados mejoren su nivel de vida.

Merton es profesor de economía en M.I.T. y fue galardonado con el Premio Nobel de economía en 1997 por sus contribuciones al modelo de precios de opción de Black-Scholes.

Merton habló sobre los fondos con fecha objetivo durante su discurso de apertura el 26 de octubre en la conferencia nacional para clientes de BAM Advisor Services, un proveedor de gestión de activos llave en mano para más de 140 firmas de asesoría patrimonial conocidas colectivamente como BAM Alliance, celebrada en St. Louis. En otros lugares (por ejemplo, aquí), ha hablado sobre hipotecas inversas.

La idea de que el diseño de los fondos con fecha objetivo se basa únicamente en la edad de uno no pasa una “prueba mínima de sentido común”, dijo.

Según Merton, las hipotecas revertidas se convertirán en un “medio clave” de ahorro para la jubilación.

Veamos el análisis de Merton de esos dos productos.

El peligro de los fondos de fecha objetivo

Para cada producto de jubilación, dijo Merton, la medición del éxito debe ser el ingreso. El ingreso es cómo uno determina su nivel de vida deseado. No necesitas una suma principal para vivir, dijo. Necesita un cierto nivel de ingreso ajustado a la inflación.

En todas partes, excepto en el mundo de contribución definida (DC), el éxito de la jubilación se mide en ingresos, dijo. Por ejemplo, los planes de pensiones miden el éxito por su “estado financiado”, que en efecto es el grado en que el plan puede cumplir con los pagos de ingresos proyectados de sus participantes. Pero en el mundo de DC, que incluye fondos con fecha objetivo, el éxito se mide como objetivo principal.

“Tienes que establecer una meta y medir el progreso hacia ella de la manera correcta”, dijo Merton.

Sin embargo, los fondos con fecha objetivo tienen una fecha que Merton dijo “te hace sentir bien”. Sin embargo, recordó a la audiencia que los fondos objetivo para 2010 todavía existen, lo que debería hacer que uno cuestione la importancia de la fecha objetivo del fondo.

Más concretamente, Merton dijo que no hay objetivos en el prospecto de los fondos con fecha límite; Hay un proceso, que es el camino de planeo. La fecha, dijo, es la fecha en que el proceso se detiene.

La tecnología ha avanzado, dijo Merton, y mucho más es posible en términos de proporcionar asesoramiento y productos personalizados. El inconveniente es que la complejidad ha aumentado, y también la necesidad de un asesoramiento competente, según Merton.

Los fondos con fecha objetivo se vuelven más conservadores al aumentar la exposición a los ingresos fijos. Pero, dijo Merton, importa qué tipo de bonos tienen. Si le ponen en bonos nominales de tres a cinco años, por ejemplo, no lo protegen contra la inflación.

Su posibilidad de alcanzar un objetivo con una solución personalizada es mucho mayor que con una solución genérica.

Su crítica más estridente fue que los fondos con fecha límite carecen de personalización y se basan únicamente en la edad de uno (o, de manera equivalente, en el momento de la jubilación).

“Imagínese que recibió su consejo médico por edad, sin respetar el género”. Preguntó retóricamente: “¿Se conformaría con eso con sus recetas?”

“¿Por qué pensar que sería remotamente posible que una sola estadística, la edad, fuera lo suficientemente buena como para llevarlo a una jubilación decente?”, Preguntó Merton.

“Para mí eso no pasa la prueba mínima del sentido común”.

Eso es algo bueno para los asesores y la industria financiera, dijo. “Si la respuesta utilizando la edad era lo suficientemente buena, entonces toda esta industria tendría demasiados recursos dedicados a ella”.

“No estoy destrozando fondos de fecha objetivo”, dijo. “¿Pero por qué creerías que la edad era lo suficientemente buena?”

La promesa de hipotecas revertidas.

La tecnología puede haber fallado con respecto a los fondos con fecha límite, pero Merton fue mucho más optimista sobre la promesa de hipotecas revertidas. De hecho, dijo que la tecnología subyace a la promesa de hipotecas revertidas. Dijo que la creencia es una consecuencia del campo de la teoría del crecimiento, por la cual el economista Robert Solow ganó un Premio Nobel. Solow demostró que el crecimiento económico no está impulsado por el crecimiento de la población o las altas tasas de ahorro, sino por el progreso tecnológico. La tecnología nos permite obtener más del trabajo y el capital.

“Uno de los mayores problemas mundiales es cómo financiar la jubilación”, dijo Merton. “Se enfrenta a todos los países, grandes y pequeños”.

La buena noticia es que estamos viviendo más tiempo y teniendo vidas más largas y activas, dijo Merton. Esto es gracias a las mejoras en nutrición y ciencia médica. La distribución de esos beneficios no es igual, agregó, ya que los ricos obtienen una parte desproporcionada de esos beneficios.

Dijo que la tecnología hace posible una solución, y las hipotecas revertidas son una forma importante en que la innovación financiera puede resolver problemas a nivel mundial.

La mala noticia, según Merton, es que debemos pagar por nuestro consumo mientras trabajamos y durante la jubilación. La implicación de la longevidad significa que pasamos de una carrera laboral de 40 años y una jubilación de 10 años a una carrera de 40 años.

Más de 25 maneras de usar un HECM; Utilice el banco de capital en la casa para comprar paneles solares; ahorra hasta un 85% (spanish)

Seniors find ways to stay independent longer, survey says

Senior Living Disruption Coming as Boomers Embrace Tech, Rely Less on Providers

By Tim Mullaney | January 27, 2019

Senior living is facing disruption on multiple fronts, but one trend in particular could be a game-changer: the increasing ability of older adults to remain independent and out of congregate housing until later in life.

This was a key finding of “The State of Senior Living: An Industry Grappling with Autonomy,” a new report from architecture firm Perkins Eastman. The survey gathered responses from about 200 industry professionals, mostly C-suite leaders with nonprofit providers.

Perkins Eastman has been conducting the survey on a biennial basis since 2015, but this was the first year that it included questions related to industry disruption. Specifically, Perkins Eastman identified four disruptive forces and asked respondents to rank them.

“Aging in the community — decentralized care and services” ranked as the biggest source of disruption, with 83% of respondents saying this is very or extremely impactful. Technology — ranging from artificial intelligence to virtual reality and home automation — came in next, with 76% of respondents ranking this as very or extremely impactful.

The other two disruptors were “third act,” which refers to alternative definitions of retirement, and paradigm shifts related to climate, politics and finance.

Ranking the Causes of Senior Living Disruption

The disruptive forces are intertwined, the report authors noted. For instance, technology will enable more aging in the community and decentralized care. Indeed, nearly 80% of respondents said that tech that allows people to be autonomous in their care, such as grocery delivery or wearable monitors, will be extremely or very impactful.

“The striking insight from this survey is the interest in alternatives and options that enable the individual to control their own destiny and chart their own path, whether by accessing services in the broader community or creating communities that provide more autonomy and self-directed control of their housing and health care needs,” the authors wrote.

Preferences of aging baby boomers appear to be driving this disruption. Nearly 70% of respondents said that the ability to stay at home and access services would be the most important consideration for boomers as they look for supportive housing.

Still, that number is down somewhat from the 2017 version of the survey, when 75% of respondents said that this would be the boomers’ No. 1 priority. Meanwhile, location has gained in importance as a consideration.

Twenty-six percent of respondents for the 2019 survey said that boomers will be most concerned with being in proximity to an urban location or town center. That’s up from 19% in 2017.

Already, some senior living providers are adjusting their operations and development strategies to account for this expected disruption.

An increasing number of senior living communities are being built in mixed-use, intergenerational developments with easy access to amenities. And smart home tech is being implemented in senior living units to support autonomy and, providers hope, extend length of stay.

The Perkins Eastman survey covered a range of topics in addition to industry disruption. Other notable findings include:

— 83% of respondents believe that reimbursement/health care reform will drive convergence of senior living and health care, up from 74% in 2017

— 59% of respondents said that traditional entry-fee life plan communities are endangered, up from 52% in 2017

— 66% of respondents said that centers for healthy living, or whole-person wellness, are more attractive now than in the past, up from 56% in 2017

On the HECM front, home financing for seniors wishing to downsize and stay independent is the HECM for Purchase scenario in which the borrowers sell their home and move into more manageable quarters. The benefit is a mortgage that has no payments and cash from the arrangement to support an independent lifestyle. See article below and contact veteran mortgage professional Warren Strycker in home page “information” tab for specifics.

HECM for Purchase: Homemaker’s Toolkit; “Ready without a mortgage payment”

Combine proceeds with sale of one home to buy a new home without a forward mortgage, a staircase to too many messy bathrooms and monthly mortgage payments.

Information

Retirement: Paying off significant debt is big; 70% saved for just one year; HECM can help.

GETTY IMAGES

En español | Saving for retirement takes a back seat to paying off significant debt for Americans ages 40 to 59, according to a recent survey by AARP and the Ad Council.

The survey is being released as part of a new campaign to encourage more Americans to save for retirement. The effort features public service advertisements (PSAs) and resources available on AceYourRetirement.org. The PSAs introduce viewers to Avo℠, a digital retirement coach who helps break down planning for retirement savings in simple, easy-to-follow steps.

Paying off a significant debt — such as a credit card, student loan or mortgage — was cited by 33 percent of survey respondents as their most important priority, followed by 21 percent who say that building up their retirement fund was most pressing and 11 percent who viewed building up an emergency fund as their top goal.

“Whether we like it or not, Americans are responsible for their financial security in retirement,” says Jean Setzfand, AARP senior vice president for programs. “We know that 7 in 10 Americans approaching retirement (55-64 years old) have less than a year’s income saved for retirement.”

Learn more about the survey: Retirement Savings: Priorities, Strategies, and Barriers.

The survey also found that more than half (53 percent) of those who did not save for retirement in 2018 didn’t do so because they couldn’t afford it after meeting such basic expenses as housing and food. An additional 37 percent say unexpected expenses prevented them from saving for retirement.

While the survey clearly indicates a need for adults ages 40 to 59 to step up their savings, it also showed that 69 percent of respondents put aside some money for retirement in 2018. Among those savers, almost half (48 percent) set a retirement savings goal, something that Setzfand says leads to real savings. More than 8 in 10 (84 percent) of those who set a retirement savings goal last year did save some money for retirement in 2018, compared to just 6 in 10 (60 percent) of those who did not set a goal.

Other strategies used by retirement savers last year included:

Increasing contributions to employer-sponsored retirement plans to get the full match (27 percent);

Putting extra income, raises or bonuses directly into retirement savings (18 percent);

Cutting back on everyday expenses and spending (17 percent).

For the survey, 1,611 adults ages 40 to 59 were interviewed between Nov. 28 and Dec. 5. Those polled were employed and had an annual household income of between $40,000 and $99,000. The results have a margin of error of plus or minus 3.3 percentage points.

For those in the 70% who have only one year saved up for retirement at the launch, HECM stands ready to help, says veteran professional Warren Strycker, publisher of this webpage to support options. See information tab on home page for contact information.

 

“HECM Mortgage Worked For Dad” says Personal Finance Columnist

HECM — 53 years of U.S. history — get aboard!

6.75 Trillion dollars in DEAD Equity; HECM is safe for seniors

6.75 Trillion dollars in DEAD Equity; HECM is safe for seniors