Rock'n'Roll Never Forgets

That's the Bob Seger I fell in love with in the '70s.......the long-haired sexy dude who could turn-you on just with his sensuous voice and seductive words!

I recently saw him at the Pepsi Center, Denver, and just like the rest of us he's changed quite a bit (see picture below), but his voice is as fabulous as ever.

I loved his show as he just doesn't need all the props, lights and other hoopla that some current singers need because, let's face it, their voices aren't that great.  They are more into the 'production' side of a concert; whereas, Seger's voice and a piano or guitar is all he needs.

Seger became an even bigger hit after his song "Seems Like that old time Rock & Roll" made Tom Cruise's career skyrocket in the movie "Risky Business".    http://www.youtube.com/watch?v=SsSVcRYh8dE

He's still on tour so check out his schedule at:  http://www.bobseger.com/

Is a Reverse Mortgage for you?

The FONZ -- we all know and love him from Happy Days fame and now he's back on the small screen trying to sell us on Reverse Mortgages.  

But before you jump out there and use your home as a "piggy bank", do you really know what you're getting into?

A reverse mortgage is a loan for senior homeowners that uses a portion of the home’s equity as collateral. The loan does not have to be repaid until the last surviving homeowner permanently moves out of the property or passes away.

At that time, the estate has approximately 6 months to repay the balance of the reverse mortgage or sell the home to pay off the balance.  All remaining equity is inherited by the estate. The estate is not personally liable if the home sells for less than the balance of the reverse mortgage.

However, an extremely critical factor for married couples is to ensure that BOTH spouses are listed on the reverse mortgage -- otherwise, the surviving spouse can be kicked out of their own home.

Image the trauma of losing your spouse, only to find out that now, in your golden retirement years, you don't even have a place to live?

There's an excellent article in the May 2013 issue of the AARP Bulletin on Mr. Robert Bennett who's in danger of losing his home because when his wife applied for the Reverse Mortgage no one informed her that her husband's name had to be on the loan. 

 Another good article is at:
http://www.cbsnews.com/8301-505146_162-57423099/reverse-mortgages-dont-let-the-fonz-sell-you/