Monticello Reverse Mortgage

Helping Seniors Achieve Financial Peace of Mind

Helping Seniors Achieve Financial Peace of Mind
Call 1-833-REVERSE

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Ann G Testimonial

March 21, 2017 by author

In this video, Ann G. talks about her home and how a Reverse Mortgage from Monticello Reverse Mortgage helped her stay in her home and make some improvements.

Filed Under: Featured

How to Leave an Inheritance to Your Children

November 15, 2016 by author

About $30 trillion. That’s the amount of money boomer parents are expected to leave to our millennial offspring over the next 30 to 40 years, according to consulting firm Accenture. That number will rise or fall depending on many factors, including the economy, the markets, how long we parents live and so on.

Whichever way the tide flows, it’s likely to be a considerable chunk of change. And that means if you’re among those leaving a tidy sum to those you love, you want to do it right. Here’s how.
[Read more…]

Filed Under: Wills

Health Care Costs in Retirement

November 15, 2016 by author

Hoping to retire soon when you reach the age of 65? How much should you be saving for health care expenses that won’t be covered by Medicare?

There are many unknown factors when it comes to predicting individual health care costs, but the one thing we can pretty much count on is health care inflation. According to Standard & Poor’s, costs for health care went up by more than 5% in 2012, while the Consumer Price Index—a common measure of inflation—rose less than 2%.

In December 2010, the Employee Benefit Research Institute (EBRI) estimated that a couple with median drug expenses would need to save $271,000 in order to have a 90% chance of covering their projected health care costs in retirement. That may sound like a big number, but when you consider that it translates to an annual cost of $13,550 for 20 years, it’s more realistic. Here’s how to plan.

[Read more…]

Filed Under: Health, Health Care Costs

Living Off Your Nest Egg

November 15, 2016 by author

When Ernie Herbert married his wife, it was his father-in-law who gave him the best advice: “He said you should start saving for retirement now,” Ernie recalls. Starting with a $1,000 mutual fund investment and investing regularly, the couple built up a solid nest egg.

Now on the cusp of retirement, they find themselves asking a number of questions. Are we going to be okay without a regular paycheck? How do we invest to maximize retirement income? What if we outlive our investments? Fortunately for the Herberts, there are time-tested strategies for generating income that can help them reach their retirement goals.

“The transition from saving for retirement to living off your nest egg may seem difficult at first,” says Rob Williams, Director of Income Planning at the Schwab Center for Financial Research. “But there are steps you can take and strategies you can consider

[Read more…]

Filed Under: Retirement Income

Long Term Care Costs Rise Across All Service Types

November 15, 2016 by author

The cost of long term care is rising across all service types, according to the findings of a survey of more than 16,000 care providers nationwide.

Across nursing homes, assisted living communities and in-home care, costs vary widely, but one thing is consistent: all costs are rising.

The cost of care in a private room in a U.S. nursing home averages roughly $94,170 per year, with the costs of assisted living averaging $41,124 annually, according to the survey, commissioned by John Hancock Life Insurance Company.

[Read more…]

Filed Under: Long Term Care

Is a Reverse Mortgage
Right For You?
Call 1-833-REVERSE

John O'Connor Reverse MortgagesJohn O’Connor (also known as "The Reverse Mortgage Doctor") has been helping seniors get Reverse Mortgages for more than 15 years.

Monticello Reverse Mortgage is a local Virginia company. We specialize only in Reverse Mortgages so you can be assured of our expertise and knowledge. Because we are based here in Central Virginia, we work with you personally from start to finish of the entire Reverse Mortgage process.

Contact John for a free, confidential, no-pressure consultation.
He even makes house calls.

Watch John talk about a reverse mortgage.

John O'Connor Reverse Mortgages

Contact
John O'Connor:

Call: 1-833-REVERSE (toll-free)
or 434-249-2222 (cell)

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Monticello Reverse Mortgage, LLC

29 Stoneridge Drive, #207
Waynesboro, Virginia 22980
Virginia State Corporation Commission MC-2457

JOHN O’CONNOR
joconnor@MonticelloReverseMortgage.com
434-249-2222 or Toll-Free: 1-833-REVERSE
NMLSID\1533874 MLO\8039VA
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Copyright Monticello Reverse Mortgage, LLC. Providing Reverse Mortgages in Charlottesville, Waynesboro, Crozet, Staunton, Stuarts Draft and throughout Virginia.
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