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Retirement Planning Services Humboldt TN

See below to find local retirement planning services in Humboldt that provide access to advice on saving programs, investing strategies, real estate planning, traditional pensions, and Social Security as well as advice and content on retirement calculator and creating a secure retirement plan.

Adrian Eddleman
Eddleman & Eddleman, LLC
(731) 554-2408
121 Stonebridge Blvd., Suite D
Jackson, TN
Expertises
Ongoing Investment Management, Retirement Plan Investment Advice, Advising Employee Benefit Plan Participants, Charitable Giving - Trusts & Foundations, Advising Medical Professionals, High Net Worth Client Needs
Certifications
NAPFA Registered Financial Advisor, MBA

Mr. Robert T. Tucker Iii, CFP®
(731) 784-4444
1420 Osborne Street Ste B16
Humboldt, TN
Firm
Sycamore Financial Advisors
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Ms. Karen A. Hutcherson, CFP®
(731) 660-7208
325 Oil Well Rd
Jackson, TN
Firm
First Tennessee

Data Provided by:
Ms. Shirley J. Borden, CFP®
(731) 668-3825
3339 N Highland Ave
Jackson, TN
Areas of Specialization
Asset Allocation, Budget Development, Comprehensive Financial Planning, General Financial Planning, Life Planning, Women's Finances
Key Considerations
Average Net Worth: $100,001 - $250,000

Average Income: $100,001 - $250,000

Profession: Service Professionals

Data Provided by:
Regions Bank - Jackson N Liberty Main
(731) 422-9600
118 N Liberty
Jackson, TN
Type
Branch
Office Hours
M-F 8:30-5:00
S CLOSED
Su NA
Drive Up Hours
M-S CLOSED
Su NA

Mr. Charles E. Cloud, CFP®
(731) 784-8800
15 Sanders Bluff Rd
Humboldt, TN
Firm
Edward Jones Investments

Data Provided by:
Mr. Dudley E. Pritchard Jr., CFP®
(731) 723-1132
503 W Church Ave
Medina, TN
Firm
NFP Securities

Data Provided by:
Jason Schultz, CFP®
(731) 571-8312
72 Lynoak Cv
Jackson, TN
Firm
Northwestern Mutual
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Retirement Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Medical/Dental Professionals

Data Provided by:
Mr. John W. New Jr., CFP®
(731) 661-7035
1000 Union University Dr
Jackson, TN
Firm
Bancorp South Investments
Areas of Specialization
Asset Allocation, Banking, Comprehensive Financial Planning, Education Planning, Investment Management, Investment Planning, Wealth Management

Data Provided by:
Jackson Independent Living
(731) 424-8252
3652 Beech Bluff Road
Jackson, TN
 
Data Provided by:

Retirement Income from Your Manufactured Home



Retirement Income from Your Manufactured Home
Wed 09/05/07 10:16:20 am
Enjoy the Equity You Invested

Whether seeking money to finance a home improvement, pay off a current mortgage, supplement your retirement income, pay for healthcare expenses, or just to enjoy life, many older Americans are turning to reverse mortgages. They allow senior homeowners to convert part of the equity in their homes into cash without having to sell their homes or take on additional monthly bills These loans are being viewed as alternative income for seniors who don't want to liquidate their stock and bond assets in a down market.

A reverse mortgage allows home owners aged 62 and older to receive a loan against their home -- either in the form of a lump sum, regular monthly checks or a line of credit -- that's repaid with interest when the borrower sells the house, permanently moves, or dies.

They were once branded predatory loans that preyed on vulnerable older people. For years, the market was dominated by products with convoluted pricing structures, high exit fees and out-of-control interest rates.

But they have gained more credibility in the last decade, tamed by legislation in the mid-1990s that required more upfront disclosures of costs. Plus, software that allows for objective comparisons of loan offerings has helped people get a handle on their options, said Bronwyn Belling, reverse-mortgage specialist at the AARP Foundation, a unit of AARP in Washington, D.C..

Adding to people's comfort levels, the first federally insured product was introduced in 1989. It now makes up about 95% of all reverse-mortgage sales.

In the last fiscal year ended Sept. 30, the number of reverse mortgages rose to a record 13,049. That's nearly double the previous record of 7,982 in 1999, and last year's total sales of 7,781, according to data from the National Reverse Mortgage Lenders Association, NRMLA, a trade group for reverse-mortgage lenders in Washington, D.C.

Today's borrowers seem to be using cash from reverse mortgages to pay down remaining debt on their traditional mortgages, and using the remainder to fund other retirement costs, said Jeff Taylor, vice president for senior products at Wells Fargo Home Mortgage in Greensboro, N.C. Seniors are seeking a combination of payment method -- lump sum and monthly check or line of credit and monthly check, he added.

The reason some homeowners turn to a reverse mortgage instead of a traditional home-equity line of credit is because debt payments, including interest and other costs, are stalled until a later date, usually when the owner dies. Few out-of-pocket costs can be a huge lure for income-strapped retired people.

But as more people become aware of the potential benefits of a reverse mortgage -- a trend that is expected to continue as the population over the age of 62 expands -- they should also be aware of the drawbacks.

A Reverse Mortgage is a loan that is gua...

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