Welcome to BoomBaby.or - the friendly over 50 boards. http://boombaby.org/over50chat/index/Mon, 06 Feb 2012 12:13:30 -0600 Phorum 5.2.14 http://boombaby.org/over50chat/2/23/23/_subject_#msg-23 http://boombaby.org/over50chat/2/23/23/_subject_#msg-23
Does anyone wish to express their needs for or not for companionship during their elder years when finding themselves alone...?

Sandra...]]> Sandra Coffee Break Sat, 03 Apr 2010 06:16:27 -0500 http://boombaby.org/over50chat/2/22/22/_subject_#msg-22 http://boombaby.org/over50chat/2/22/22/_subject_#msg-22
No, not for everyone. The idea of not making mortgage payments and staying in your home until you die is great, but, for one thing, a reverse mortgage won't pay for full time care in your home should you need it...

Let's indicate someone is to live another ten years and now pays a mortgage of $300.00 a month, $3,600.00 a year and $36,000.00 for ten years. This person has a home value of $150,000.00 with an equity invested at 50% (75,000.00). Getting a reverse mortgage would be no problem here but dying in ten years would be outright robbery for the financier...

It would seem best to borrow against the equity, put that money in an interest bearing account and then have the mortgage payments, taxes and insurance withdrawn automatically... The estate at death will still have an equity of $39,000.00 ($75,000.00 less $36,000.00) from year one and gain back more each following year. The only difference will be having to pay the interest against the equity loan less the interest earned from the loan being in an interest bearing account...

Now, this is just an example, and does not apply to everyone. It's simply a classic example to provide reason to seek advice from more than one person...

Meanwhile, from all I have read, indications are that no company wants to give a reverse mortgage beyond 40% of a property value unless the equity is much higher...

Is it complicated...? Yes, and lenders are inconsistant. My suggestion is that if anyone is considering a reverse mortgage that they speak to their bank financial officer and also seek further information and financial terms from a financial retirement specialist...

Sandra...]]> Sandra Coffee Break Fri, 02 Apr 2010 21:39:21 -0500 http://boombaby.org/over50chat/2/18/18/_subject_#msg-18 http://boombaby.org/over50chat/2/18/18/_subject_#msg-18Just want to say Hello to the group. Look forward to hearing from you or joining you for chat.]]> denimjeans Coffee Break Sun, 28 Mar 2010 16:38:20 -0500 http://boombaby.org/over50chat/2/13/13/_subject_#msg-13 http://boombaby.org/over50chat/2/13/13/_subject_#msg-13 Chantelle Coffee Break Fri, 02 Apr 2010 21:12:23 -0500 http://boombaby.org/over50chat/2/12/12/_subject_#msg-12 http://boombaby.org/over50chat/2/12/12/_subject_#msg-12
But now I saw a spot on the news about the same subject. What's going on here? Do we need to worry that by the time we get to Medicare age (if not there yet), it will be almost useless. This is scary.]]> David Coffee Break Fri, 02 Apr 2010 20:50:02 -0500 http://boombaby.org/over50chat/7/10/10/_subject_#msg-10 http://boombaby.org/over50chat/7/10/10/_subject_#msg-10
Do I just accept an impoverished old age? Should I try to marry well? <JK>

Any tips on catching up after 50?]]> David Retirement and FinanceFri, 12 Mar 2010 09:19:50 -0600 http://boombaby.org/over50chat/8/9/9/_subject_#msg-9 http://boombaby.org/over50chat/8/9/9/_subject_#msg-9
My darling, the relationship goddess, posted about midlife crushes here.

I know the boardboss mentioned the relationship goddess on her relationship recovery post, but I'm not sure we've covered this topic.]]> David Relationships Over 50 Fri, 12 Mar 2010 09:17:45 -0600 http://boombaby.org/over50chat/5/8/8/_subject_#msg-8 http://boombaby.org/over50chat/5/8/8/_subject_#msg-8
I think it is really helping me lose with by making me feel fuller. I haven't been able to find any facts on this, but I wonder if anybody else has used this as part of their diet strategy.

It is sort of expensive, compared to regular milk, but no completely out of line. At my store, a 2 ounce carton is about 2.99.]]> Dawn Over 50 Health and FitnessFri, 12 Mar 2010 08:41:12 -0600 http://boombaby.org/over50chat/6/6/6/_subject_#msg-6 http://boombaby.org/over50chat/6/6/6/_subject_#msg-6
Also, do you think that chemicals in shampoo and conditioners can actually aggravate this?

i.e. .... Sulfate and Hair Loss

I know I'm asking a lot of questions, but have any people had success with products to slow down or stop hair thinning?]]> MariC Beauty Over 50 Tue, 23 Mar 2010 15:35:14 -0500 http://boombaby.org/over50chat/2/4/4/_subject_#msg-4 http://boombaby.org/over50chat/2/4/4/_subject_#msg-4
Anyway, I know you've been working very hard. :)-D So, I'll say it again. This time for sure!]]> David Coffee Break Fri, 02 Apr 2010 21:00:17 -0500 http://boombaby.org/over50chat/2/3/3/_subject_#msg-3 http://boombaby.org/over50chat/2/3/3/_subject_#msg-3
Make sure you check the announcements once in awhile. Especially look at the rules. They are simple, but they are important.]]> BoardBoss Coffee Break Wed, 10 Mar 2010 08:03:10 -0600 http://boombaby.org/over50chat/1/2/2/_subject_#msg-2 http://boombaby.org/over50chat/1/2/2/_subject_#msg-2Over 50 Website, so you are welcome to post about topics you find there too.

RULES

1. Keep it friendly. This meas we do not tolerate any hate speech, obscene content, etc. We do believe in freedom of speech, but we also believe we have the right to control this forum.

2. Do not get overly promotional. If you are a participating member, we will let you drop a link in a post if it is in the context of the topic. You are also allowed to use your signature line to promote your own website (if it follows rule 1). Again, the admins of this forum get to decide where to draw the line.]]> BoardBoss AnnouncementsSun, 04 Apr 2010 04:16:11 -0500