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Retirement Planning Services Logan UT

See below to find local retirement planning services in Logan 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.

Tyler J Vanderbeek, CFP®
(435) 713-4220
595 Riverwood Dr. Suite 170
Logan, UT
Firm
Keystone Wealth Advisors
Areas of Specialization
Estate Planning, Insurance Planning, Investment Management, Retirement Income Management, Wealth Management

Data Provided by:
Mr. Kent B. Haueter, CFP®
(435) 752-8484
360 North Main Street
Logan, UT
Firm
Harold Dance Investments

Data Provided by:
Mr. S. Craig Adams, CFP®
(435) 752-1702
101 North Main Street
Logan , UT
Firm
Adams Wealth Advisors
Areas of Specialization
Charitable Giving, Comprehensive Financial Planning, Education Planning, Employee and Employer Plan Benefits, Estate Planning, General Financial Planning, Investment Management
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

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



Data Provided by:
Mr. Sterling G. Widmer, CFP®
(435) 787-4581
1047 S 100 W Ste 230
Logan, UT
Firm
The Cambridge Financial Center
Areas of Specialization
Comprehensive Financial Planning, Estate Planning, General Financial Planning, Insurance Planning, Investment Management, Investment Planning, Retirement Income Management

Data Provided by:
Reese Hulbert, CFP®
5 S Main St
Logan, UT
Firm
Wellsfargo Advisors

Data Provided by:
Mr. Nolan P. Gunnell, CFP®
(435) 755-5263
1047 S 100 W #110
Logan , UT
Firm
D.A. Davidson & Co.

Data Provided by:
Brad Hess, CFP®
(435) 770-4164
664 N Main St Ste 102
Logan, UT
Firm
LPL Financial Services
Areas of Specialization
Asset Allocation, Budget Development, Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Education Planning

Data Provided by:
Gordon L. Nelson, CFP®
(435) 713-4220
595 S 80 E Ste 170
Logan, UT
Firm
Keystone Wealth Management, Inc.

Data Provided by:
Mr. Jared R. Ripplinger, CFP®
(435) 750-5566
632 N Main St Ste 2A
Logan, UT
Firm
Cook Martin Poulson, P.C.
Areas of Specialization
Accounting, Budget Development, Business Succession Planning, Charitable Giving, Estate Planning, Real Estate, Retirement Planning

Data Provided by:
Mr. Ryan Mathew Bohm, CFP®
(435) 787-1888
120 W Cache Valley Blvd Ste 110
Logan, UT
Firm
Allegis Financial Partners
Areas of Specialization
Comprehensive Financial Planning, Education Planning, Insurance Planning, Investment Management, Long-Term Care, Retirement Income Management, Retirement Planning

Data Provided by:
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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