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Americans Doubt That the U.S. Effort in Iraq Is Improving
Public Concerned Civil War in Iraq a Real Possibility
Social Security honors Apprise officials (Times Leader)
The Social Security Administration presented a public service award to Anne Rappaport, Apprise RSVP director, and Joe Giebus, Apprise coordinator, of the Luzerne County Apprise Program. The award was in recognition of their efforts in educating the public about the extra help available to pay for Medicare’s new prescription drug program. Nick Krutz, district manager, Wilkes-Barre Social Security
Profile: Secretary of Veterans Affairs Jim Nicholson
From Humble Beginnings to Decorated War Vet, Businessman, Politician, Diplomat and the Cabinet
As if that's a bad thing
Dems Still Using Social Security Reform Against Republicans - The Dems’ anti-choice propaganda continues, to nobody’s surprise.
We Need More Boudreauxs and Less Krugmans
From the Market Correction blog: 15 August 2005 Editor, The New York Times 229 W. 43rd St. New York, NY 10036-3959 To the Editor: Paul Krugman says that the Bush administration “politicized the Social Security Administration” (“Social Security Lessons,” Aug. 15). Earth to Paul: the Social Security Administration was created by politicians, is funded by taxpayers, and is run by bureaucrats. So it is, always has been, and will inescapably remain politicized. If political manipulation of Social Security truly disgusts Prof...
Dow poised to break record, and an opportunity missed
Splashed across the front page of Drudge today is the news that the Dow Jones Industrial Average is poised to break its all-time record. That’s certainly good news, but just imagine if we had converted Social Security over to a system of personal accounts in the early ’80s reform and allowed people to invest them in index funds. Say, like the DJIA:
Profile: Secretary of Commerce Carlos Gutierrez
From Frosted Flakes to Bush Cabinet, He's Come a Long Way
Bush Addresses NAACP Convention
President Bush Makes His First Appearance at NAACP Convention
Sen. Obama to Headline Iowa Party Event
Democratic Sen. Barack Obama Will Headline Iowa Democratic Party Event
Podcast: The AfterNote
House Majority Leader Says Violence Underscores Progress But Refuses to Address GOP Congressman's Retreat Call
Pay back Social Security money (Selma Times-Journal)
To fix Social Security, one must strike at the cause of the problem!! From where I sit ... that is our political leadership borrowing from the fund to balance the budget, wars or any other place they wish to throw money.
Changes Ahead for Social Security (Newhouse News Service)
BY ELIZABETH AUSTER c. 2006 Newhouse News S ervice WASHINGTON -- Americans have had plenty of notice that they shouldn't pin too much hope for a comfortable retirement on Social Security.
Lieberman Losing Ground in Senate Race
Democratic Sen. Joe Lieberman Losing Ground in Conn. Primary Race, Poll Shows
Sen. Obama to Headline Iowa Party Event
Democratic Sen. Barack Obama Will Headline Iowa Democratic Party Event
Social Security provides wide safety net (Peoria Journal Star)
Q: With so much discussion about Social Security and taxes, I have what some may think is a silly question. But I would really like to know exactly what does Social Security pay for?
End of Campaign for "Paris Hilton Tax Break"
Senate Rejects Highly Contested Estate Tax Law
Profile: Attorney General Alberto Gonzales
From Humble Beginnings to Harvard to the White House
Profile: Secretary of Education Margaret Spellings
Longtime Adviser Named to Cabinet
Social Security updates - SOCIAL SECURITY REFORM
SOCIAL SECURITY REFORM National Center for Policy Analysis, France - Nov 16, 2005 that many workers will lose money if they open personal retirement accounts (PRAs), which are a key component of the president's Social Security reform approach Social Security and You: Consider utilizing online application San Antonio Express (subscription), TX - Nov 13, 2005 [...]
Harry 'Head in the Sand' Reid
Here’s Senator Harry Reid’s statement following the release of the Social Security annual report: WASHINGTON, May 1 /U.S. Newswire/ — Senate Democratic Leader Harry Reid released the following statement on today’s release of Social Security and Medicare Trustees Reports: “Today’s report confirms that, despite White House scare tactics, Social Security remains sound for decades to come. The real threat to Social Security comes from Republicans, most of whom support and voted for privatizing Social Security. Instead of working to dismantle Social...
Annual Report on Social Security
Trustees for the Social Security Trust Fund issued their annual report today. From the AP: The trust fund for Social Security will be depleted in 2040, and Medicare will exhaust its trust fund reserves just 12 years from now, trustees for the programs said Monday. Their annual report showed deterioration in the financial condition of both of the government’s two largest benefit programs. A year ago, the depletion of the Social Security trust fund had been projected to occur in...
Brilliant Idea of the Week?
Now here’s a great idea. A man is trying to sell his future Social Security benefits on eBay. The starting bid is $200,000. My cousin, who’s an actuary, estimates that, given the seller’s loose assumptions, the present value of the future benefits is $421,305.20 $170,409.06 (The original $421k number was the present value at age 62. Discounted to the present day brings it to $170k, which suggests that the starting bid should be lowered, but is still a nice...
Social Security info - Homeless Shelter to Occupy Social Security Building (WTRF)
Homeless Shelter to Occupy Social Security Building (WTRF)Northwood Health Systems has announced that it will place a homeless shelter in the former Social Security buiding. Bush Social Security Plan Laid to Rest (AP via Yahoo! News)The Senate staged sparsely attended burial services Tuesday for President Bush's long-dead plan to remake Social Security through creation of personal [...]
Should you take Social Security at 62 or 65? (The Buffalo News)
NEW YORK - Deciding when to retire has never been so complicated, what with the dwindling of company pension plans, high cost of living and longer life spans. Another factor to consider is the package of benefits you'll get from a lifetime of paying into Social Security.
Profile: Secretary of Housing and Urban Development Alphonso Jackson
HUD Secretary Has Years of Public Housing Experience
Republicans Say Bush's Veto Is Risky
President Bush Uses First Veto Against Stem Cell Research Bill Most Americans Support
Profile: Secretary of Homeland Security Michael Chertoff
Aggressive Prosecutor Named to Be 'Key Leader in War on Terror'
GSA to seek smart card for Social Security (Government Computer News)
The General Services Administration will issue solicitations seeking smart-card services and devices next month on behalf of the Social Security Administration.
Krugman's Fraudulent Assault on Lieberman
Written by Students for Saving Social Security Education Director, Nicola Moore: Paul Krugman’s latest New York Times op-ed, “Talk-Show Joe,” critiqued Senator Joe Lieberman for (among other things) the Senator’s stance on Social Security. Krugman claims: Mr. Lieberman repeatedly supported the administration’s scare tactics. “Every year we wait to come up with a solution to the Social Security problem,” he declared in March 2005, “costs our children and grandchildren and great-grandchildren $600 billion more.” This claim echoed a Bush administration talking point,...
McCain, Feinstein Debate Terrorist Trials
Supreme Court rebukes Bush, Senators Debate Fallout on 'This Week'
Students for Saving Social Security take on AARP
S4 recently unveiled a new section of their website (http://www.secureourfuture.org/seniors) dedicated to informing the public about the hypocrisy and misjudgments of AARP when it comes to Social Security reform. So what’s the problem? Among other things (more on the site), AARP: Likens investing in the stock market to gambling, while pushing their own investments in stocks to their membership Supports investing some of the Social Security Trust Fund (nevermind that it’s full of IOU’s) in Stocks and...
DeMint Statement on Trustees Report on Social Security and Medicare
Washington, D.C. – Today, Senator Jim DeMint (R-S.C.) made the following statement: “This report is another wakeup call that Medicare and Social Security are in critical condition,” said DeMint. “Democrats who stick their heads in the sand and applaud their own obstruction are putting the retirement security of millions of Americans in jeopardy. We cannot allow cynics with no solutions to deter us from real reform. We are driving Social Security and Medicare over the cliff of financial instability, and...
Poll: Rudeness in America, 2006
It's the #@%! Cell Phones
Poll: Americans Favor Iran Sanctions
Seven in 10 Back Iran Sanctions; Four in 10, U.S. Military Strikes
Your Thoughts: Liberty vs. Security
Reactions to NSA Phone Record Surveillance Tactics
Profile: Secretary of Health and Human Services Mike Leavitt
EPA Chief and Former Utah Governor Picked to Head HHS
Showdown 2008: Clinton vs. McCain
ABC News Poll Shows Clinton Has Strong Support From Base, McCain's Support Broader
Profile: Transportation Secretary Norman Mineta
Only Democrat in Bush's Cabinet Asked to Stay On
Representative Payee
Not every Social Security member has a spouse or parents to take care of their children. Some only have relatives or nannies assuming parental responsibilities for them. In cases such as this, if ever there comes a time when the Social Security member dies or becomes disabled the Social Security Law permits the intervention of a representative payee to manage or handle all social security related matters of the beneficiary. The benefits for the incompetent member or benefits due to...
Social Security reports - Spousal benefit another key to Social Security decision (Market Watch)
Spousal benefit another key to Social Security decision (Market Watch)SAN FRANCISCO (MarketWatch) — There's nothing simple about deciding when to take your Social Security benefit, and the figuring gets more complex if you're a married couple trying to sort out which spouse should take benefits when. Statement by Secretary John Snow on DeMint-Santorum Social Security Legislation [...]
Social Security Number Protection (WPMI 15)
(MOBILE, Ala.) July 19 -- Mobile County Fraud Investigator Sgt. James Lackey says your social security number is the key to your identity: "Only one person has your social security number and that's you!" It's understandably a prime target for identity thieves.
Congress votes to give Social Security benefits to Illegal Immigrants
In a 50-49 vote (1 abstaining) late last week, the United States Senate voted to table (kill) an amendment (SA 3985 Voting Records) by Senator Ensign (R-NV) that would prevent illegal aliens from collecting Social Security benefits on past illegal employment. Students for Saving Social Security has more on their site including links to the bill, voting records, and commentary.
Spy for Israel Loses Supreme Court Appeal
Supreme Court Denies Jonathan Pollard, Convicted of Spying for Israel, Access to Records
Poll: Weak Ratings for Bush Ahead of Speech
War Fatigue, Ethics Concerns Impact Approval Rating
Podcast: The AfterNote
House Majority Leader Says Violence Underscores Progress But Refuses to Address GOP Congressman's Retreat Call
IGNORANCE OF THE LAW EXCUSES NO ONE...SO THUS IGNORANCE OF SOCIAL SECURITY
It is quite disappointing to know that very few Social Security members are actually aware of the benefits they are paying for. In fact, some members only know that they are entitled to receive certain benefits only in times when they are about to file for their claims. Ironic isn’t it but this is reality. And the saddest part is some of the people there in the Social Security Administration really takes advantage of this situation. The miniscule knowledge of Social...
Profile: Secretary of Interior Gale Norton
Norton Asked to Remain in Post After Uneventful First Term
Profile: Secretary of Agriculture Mike Johanns
Nebraska Governor Has Wealth of Experience Promoting Agribusiness
Editorialist comes out of retirement to write about Social Security Reform
In the 1950’s, the New York Times used to publish editorials written by “McCandlish Phillips”. After so many years, Mr. Phillips (Now John M. Phillips), has submitted an Editorial to the National Review. In it, the author, an admittedly unlikely Bush supporter, says that Personal Accounts are absolutely the right way to go. Mr. President, I know in my heart, my gut, and my mutual-fund balance that you are dead-on right about those private retirement accounts for Social Security. You...
SUPPLEMENTAL SECURITY INCOME IN CALIFORNIA
Different states have various laws governing Social Security that is why it is not right to assume that the social security you applied for say in California will be the same as those found in Ohio and so fort. One of the noblest benefits offered by the Social Security is the Supplemental Security Income also termed as State Supplementary Payment Program in California. The Social Security Program is a federally funded program that offers income support for members who are aged...
Lieberman Losing Ground in Senate Race
Democratic Sen. Joe Lieberman Losing Ground in Conn. Primary Race, Poll Shows
AARP Hypocrisy
Neil Cavuto thinks that AARP is being a hypocrite for calling the stock market a “risky parlor game” last year but now deciding to offer mutual funds to its members. Is AARP being hypocritical? Probably. Are they being disingenuous to their members by spreading fear and doubt about the stock market and then having a sudden change of heart? Definitely. Head on over to Students for Saving Social Security for more info and for a link to the video.
Social Security update - Supplemental Security Income
Supplemental Security Income Home · Questions? How to Contact Us · Search This is a link to Chapter 21 of the Social Security Handbook which contains material about SSI organized in Free Legal Advice in 100+ Law Topics - Law Attorney click a section topic below and find the [...]
Social Security news - Bernanke affirms policies
Bernanke affirms policiesPioneer Planet - CPI-U is the gauge that government benefits such as Social Security are adjusted by each year, and it also affects the More Middle Class& Elderly in Need of FoodWLNS - Helen Salisbury:'A ll I have is my income from my Social Security to [...]
FACTS ON SOCIAL SECURITY DISABILITY SERVICES
There are different types of Social Security Disability Benefits and as members we have to be abreast with all legal components concerning Social Security. One type of disability benefit is the Disability Insurance Benefit. This type applies to disabled individuals who have worked in recent years with the general rule 5 out of 10 years. And also included in type of disability benefit are those disabled widows and widowers who are at least 50 years old and whose disability has...
President Bush Keeps Fighting for Reform
From the Washington Times: The seemingly dead issue of Social Security reform came to life again in recent weeks, with President Bush saying it should be high on the agenda and Democrats warning that Republicans are resurrecting their plan to privatize the system. Mr. Bush, in a June 27 speech extolling the line-item veto, vowed to keep fighting to fix the impending financial crises in both Social Security and Medicare. “If we can’t get it done this year, I’m going to...
Amid Iraq Debate, a Document Mystery
Political Talking Points, From Pentagon Office, May Have Been Illegal
Bush Works to Break Immigration Deadlock
Bush Works Behind Scenes to Explore Proposals to Break Gridlock on Immigration Legislation
Dying Wish – 'Save Social Security, Support Veterans, Fix Health Care' (Senior Journal)
July 18, 2006 – "In lieu of flowers: SAVE SOCIAL SECURITY, SUPPORT VETERANS' BENEFITS, FIX OUR BROKEN HEALTH CARE SYSTEM!" That is what Romulo A. (Chacho) Munguia asked to be placed in his obituary that was published today in the San Antonio Express-News.
SOCIAL SECURITY: THE PROBLEMS WITH LIVING-IN
“Living-in” is very common nowadays. So many children are raised in a family set up wherein the parents are not married. The problem with this arrangement arises when its time to claim for benefits. Take for example, a Social Security member who is an unmarried father dies and has left a spouse and a kid. The big question now is whether the remaining spouse and the kid are entitled to benefits even though the deceased member and his spouse are...
Democratic Congressional Candidate to announce Social Security reform plan
According to the Palm Beach Post Democratic Congressional candidate Joe Klein will “soon offer a Social Security plan of his own”. Students for Saving Social Security has the details.
RELY on a Social Security Lawyer
They say that things happen for a reason. However, there are some things that happen for no reason at all. Take for example accident, what could be the possible reason why you have to meet an accident? You’ll probably answer to teach the person a lesson about driving but what if the person involved in the accident is not even driving a car. What if the victim was just merely walking on his way home? Again some of you may...
N.Y. Top Court Rules Against Gay Marriage
New York's Top Court Rules Gay Marriage Not Allowed Under State Law
Social Security Administration - Irving: Social Security reform was missed chance to build wealth
Irving: Social Security reform was missed chance to build wealthCambridge Chronicle - R IrvingThursday, November 17, 005Reforming Social Security seems to be off the Beltway's accounts by themselves weren't going to solve Social Security's looming financial woes Social security institute to spend leva 1 mln on warning letters to [...]
Profile: Secretary of Defense Donald Rumsfeld
Embattled Defense Secretary Will Remain in Cabinet
Poll: Greenspan Leaves 'Em Wanting More
Federal Reserve Chairman Retires After 18 Years
Profile: Secretary of the Treasury John Snow
President Seeks Strong Salesman of Social Security, Tax Overhauls
A Chance of Winning a Case
So many individuals who filed for a case would want to know their chance of winning their case. However, there are some factors that need to be considered when filing for a case. Take for example cases concerning Social Security Benefits. It is not easy proving that you have the right to claim since there are legalities involved starting from the time you sign up to become a member of the Social Security up to the time that you are...
Profile: Secretary of State Condoleezza Rice
National Security Adviser and Close Personal Friend Joins Cabinet
YOU’RE NOT ALONE…LET SOCIAL SECURITY ATTORNEYS HELP YOU
In legal matters, it is always better to have a responsive, smart, decisive and knowledgeable lawyer at your side especially in cases pertaining to Social Security benefits. Full attention coupled with great dedication is provided by a Social Security Disability Attorney on your case to ensure quality of his service. Likewise, clients are treated with utmost consideration. Depending on the severity of the subject of the case the initial interview conducted will somewhat provide you with an overview of the outcome...
Social Security information - Woman sentenced for killing husband with insulin injections
Woman sentenced for killing husband with insulin injectionsWLS Chicago - she could continue to gamble with his Social Security checks. Sixty-three-year-old Barbara Garcia continue collecting his pension and Social Security checks. The body was found Bush Social Security plan laid to restVictoria Advocate - Tuesday for [...]
Getting it right on Social Security (Selma Times-Journal)
Jerome Yelder, Ph.D, Psy.D, M.S. of Selma could not be more wrong about Social Security. His recent letter was alarmist in nature and echoes the propaganda of the Heritage Foundation and the Cato Institute.
Social Security information - FDIC: Community Reinvestment Act Exam Schedule (Fourth Quarter
FDIC: Community Reinvestment Act Exam Schedule (Fourth Quarter FDIC EXAMINATIONS SCHEDULED FOR FOURTH QUARTER 2002 - CHICAGO REGION 9679, CHI, LEX, Peoples Security Bank, ROUTE 23 AND TOWN BRANCH ROAD, LOUISA Office of the Chicago Regional Administrator Office of the Chicago Regional Administrator functional statement. 7500 Security [...]
Poll: Majorities Disapprove of Bush on Ethics
Three-Quarters Favor Release of Abramoff Meeting Records
SOCIAL SECURITY BENEFITS TO DIE FOR
Social Security benefits are supposed to provide living benefits however there some cases that the opposite happens. Take for example a case of a disabled person who files for a disability claim. He was still alive when he filed for the claim however the processing was so long that the disabled member died without having a glimpse of his disability claim. His family has filed for another claim and that is the Survivor’s Benefit or the Death Benefit. The only...
Profile: Secretary of Labor Elaine Chao
With Much to Accomplish in Bush's Second Term, Chao Agrees to Stay
B Vitamin Case Reaches Supreme Court
B Vitamin Supreme Court Case Could Prove Tough Medicine for Patent Lawyers
Non-partisan panel forwards a Social Security reform plan
Yesterday, the American Enterprise Institute held a panel discussion on a non partisan Social Security reform proposal created by a team of three experts: A former Clinton White House advisor, a member of President Bush’s reform commission, and an advisor to Senator John McCain. What did they come up with? Head on over to Students for Saving Social Security for the full proposal, summaries, and video of the discussion.
Thune Says He'd Distance Himself From Bush
Sen. John Thune of S.D. Says He'd Distance Himself From Bush if He Were Running This Year
Bush Touts Voting Rights Act Renewal
President Bush Tells NAACP He Wants to Change Republican Party's Relationship With Blacks
Social Security information - Job Corps Atlanta Region
Job Corps Atlanta Region Boston Region of Job Corps Chicago Region of Job Corps (coming soon) Dallas Region of Job Corps Educational Systems, Inc. (DESI) Employment Security Commission of North Carolina Florida's Online Chicago Region Stables Directory Equine Facility Information Formerly known as the Online Chicago Region Stables [...]
THE PROBLEM WITH PEOPLE LIVING LONGER LIVES
In a speech by President Bush in one of his state visits in Florida he mentioned that one problem faced by the Social Security is the fact that people are living longer lives. This poses a problem for the Social Security since they had base their programs to life expectancy of people aging only up to 60 years old and people right now are living more than 60-thanks to food supplements and advance health technology. This means many people are...
Supreme Court Won't Review Tobacco Award
Supreme Court Refuses Consider Tossing Out a $50 Million Damage Award to the Family of Smoker Who Died
Social Security Commissioner recognizes pair for service (Dover Post)
Social Security Commissioner Jo Anne Barnhart stopped at the Milford Senior Center July 14 to present the agency’s Public Service Award to Ruth Anne Beideman, community outreach coordinator for the Milford Senior Center, and April B. Willey, volunteer service coordinator for the Retired & Senior Volunteer Program.
Profile: Secretary of Energy Samuel Bodman
Deputy Treasury Secretary Picked to Advance Bush Administration's Second-Term Energy Agenda


A Hud Reverse Mortage For Retirement?

Charles Kirkendall

HUD reverse mortgages can be a great tool for Seniors that are looking for additional funds for retirement. Through a HUD reverse mortgage, seniors can tap into the equity from their homes without having to make repayments.


HUD Reverse Mortgage Eligibility


Homeowners must meet the following criteria in order to be eligible for a HUD reverse mortgage:


- Homeowner must be age 62 or older.


- The home must be owned free and clear or have a mortgage balance that can be paid from equity.


- The home must be a principal residence.


- The property must be a single-family home, a one-to-four unit dwelling with one unit occupied by the applicant, a manufactured home (mobile home), or a unit in condominiums or Planned Unit Developments.


- The property must meet minimum property standards.


Homeowners that qualify can receive payments in a lump sum, on a monthly basis, or on an occasional basis as a line of credit. At a later date the payment options can be restructured if circumstances change.


Guidelines on HUD Reverse Mortgage Amounts


The amount that can be borrowed on a HUD reverse mortgages is determined by the following criteria:


- The borrower's age - The older the borrower the more that can be borrowed against the value of the home


- The loan interest rate - Obviously the lower the interest rate the more that can be borrowed.


- The home's value - There is no hard limit for home value to qualify for a HUD reverse mortgage, but the amount that may be borrowed is capped by the maximum FHA mortgage limits for an area. This means that owners of a high priced home can't borrow any more than the owners of homes valued at the FHA limit.


There are no asset or income limitations on borrowers receiving a HUD reverse mortgage.


Unlike ordinary home loans, a HUD reverse mortgage does not require repayment as long as the home remains the borrowers primary residence. When the home is sold the Mortgage company recovers their principal, plus interest, and the remaining value of the home goes to the homeowner or to his or her survivors. Should the sales proceeds not cover the amount owed, HUD will pay the mortgage company for any shortfall.


The Federal Housing Administration, which is part of HUD, collects an insurance premium from all borrowers to provide this coverage. Typically the mortgage company pays for this insurance and charges it to the borrower's principal balance. This FHA reverse mortgage insurance can make HUD's reverse mortgage program less expensive to borrowers than private programs without FHA insurance.

 

Charles Kirkendall writes about reverse mortgages and other Senior financial issues. Visit http://www.reverse.settle-today.com for more information and resources on reverse mortgages.



 

 

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