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Retirement Planning Services Prescott AZ

See below to find local retirement planning services in Prescott 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.

Janie Strasser
Ponderosa Wealth Management
(928) 777-2381
1129 Iron Springs Road
Prescott, AZ
Expertises
Planning Issues for Business Owners, Ongoing Investment Management, Tax Planning, Retirement Plan Investment Advice
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA, MBA

Mr. Douglas A Rader, CFP®
(928) 778-3700
3140 Stillwater Drive
Prescott, AZ
Firm
Doug Rader, CPA, PLLC
Areas of Specialization
Accounting, Estate Planning, General Financial Planning, Retirement Planning

Data Provided by:
Ms. Ellen G. Platamone, CFP®
(928) 445-2598
1678 Oaklawn Dr
Prescott, AZ
Firm
Wealth Management Concepts Inc

Data Provided by:
Mr. Alan A. Anderson, CFP®
(928) 445-7238
1456 W Gurley St
Prescott, AZ
Firm
Yavapai Financial Planning
Areas of Specialization
Asset Allocation, Budget Development, Charitable Giving, Comprehensive Financial Planning, Debt Management, Disaster Recovery, Education Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Self-Employed Business Owners

Data Provided by:
Mr. Stephen A. Drake, CFP®
(928) 899-2244
2345 Oakwood Dr
Prescott, AZ
Firm
Optima Holding Co.

Data Provided by:
Mr. Carl D. Warrick, CFP®
(928) 445-1673
1456 W Gurley St
Prescott, AZ
Firm
Yavapai Financial Planning LLC
Areas of Specialization
Comprehensive Financial Planning, Employee and Employer Plan Benefits, Retirement Planning, Tax Planning
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable

Profession: Not Applicable

Data Provided by:
Mr. Gary P. Baker, CFP®
(928) 776-1483
425 White Spar Rd
Prescott, AZ
Firm
MetLife
Areas of Specialization
Asset Allocation, General Financial Planning, Insurance Planning, Investment Management, Investment Planning, Life Planning, Risk Management

Data Provided by:
Mr. James M. Poindexter, CFP®
(928) 443-5542
1965 Commerce Center Circle
Prescott, AZ
Firm
Poindexter Financial Group Inc
Areas of Specialization
Business Succession Planning, Charitable Giving, Comprehensive Financial Planning, Divorce Issues, Elder Care, Estate Planning, Healthcare Planning
Key Considerations
Average Net Worth: $1,000,001 - $5,000,000

Average Income: $50,001 - $100,000

Profession: Not Applicable

Data Provided by:
Ms. Cynthia Degeorge, CFP®
(928) 445-7060
534 Quail Hollow Dr
Prescott, AZ
Firm
Gurley LTCI
Areas of Specialization
Long-Term Care
Key Considerations
Average Net Worth: Not Applicable

Average Income: Not Applicable



Data Provided by:
Mr. Steven C. Rhein, CFP®
(928) 771-2117
141 S McCormick St
Prescott, AZ
Firm
Ameriprise Financial Services
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $250,001 - $500,000

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

Profession: Not Applicable

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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