Planet BoomerVille for baby boomers with Jim Enright

You may have started singing spontaneously many years ago and stopped. Or slowed down. Maybe you never sang, and now singing is creeping up from the back of your mind. It is a new time and singing has many emotional, health, and brain benefits. In this episode we speak of many of those benefits, as well as the energy benefits with Laurece West.

Approximate Show times:

2:00- Some people sing, some do not. Why?

2:50- It's a human right.

3:40- Families that sing.

5:40- What Laurece has found about those who sing in church choirs.

6:17- The shower is a good place to start.

9:17- What if someone wants to sing Country and Western, Rock, or other genre, does that change?

9:47- Follow the heart, sing what you are passionate about.

10:20- The benefits of singing.

11:47- People want to listen to a voice that sounds good.

12:13- Vocal chords are where grief gets stopped.

14:36- As we begin to vibrate when singing, grief is released, and you will laugh more.

15:15- Sinuses have cleared.

16:40-Heterosexual men socialized out of crying.

18:27- Women have a cry every 6-8 session because of the release.

19:05- It's different with gay men.

19:50- Watch Mel Blanc documentary, the voice of Looney Tunes characters.

20:20- Make voices up in the car.

20:51- Gay men have more range than heterosexuals.

21:35- Benefits to demential patients.

22:00- Can almost be like psychotherapy.

22:30- You can sing without a teacher.

22:56- Alzheimers experiences.

25:40- How do we start to sing?

26:20- Singing is easier than speaking.

30:00 - Sing to your pets….talk with melody.

31:32- Summary to start.

31:50- Beware of critical feedback.

33:00- A person who is really doing their art will never be critical.

34:32- The more you sing, the better you get.

35:04- Music Laurece listens to.

39:36- Death and dying. Looking back from 95 to today.

43:51- Music as expressing truth and artistry.

45:48- Your voice is a carrier wave.

49:57- One big take away.

Resources

Mel Blanc - Man of a Thousand Voices. The voice of Looney Tunes characters.

Voice and Performance coach Laurece West trains active and aspiring professionals and gospel singers in skills, strategy and mindset to significantly improve their sound, range, flexibility, power, ease, artistry and ability to move their audiences. They learn to sing easily with energy, heart and confidence.

She offers individual and group coaching packages for dedicated singers and monthly workshops for beginners.

You may contact Laurece at:

www.laureceweststudios.com

[email protected]

(919) 383-4876 land line

(919) 627-2845 texts

Music

Morgan James "Fooled Around and Fell in Love" 

Anything by Morgan James amazing covers of famous songs and full albums

Nora Jones "Comes Love" 

Laurece West

"Misty" 

https://laurecewest.bandcamp.com/

Anais Mitchell

"The Wall"  (genius songwriter)

Tam Lin with Jefferson Hamer

Nikki Yanofsky

"Lullaby of Birdland" and many other stunning jazz covers

Something New 

The Rascals

It's a beautiful morning.  

Groovin' 

Over the Rhine - I'm on a Roll. 

The Glenn Miller Orchestra - In the Mood.  

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

We've finished 3 killer episodes on Reverse Mortgage (or HECM's). My plan was to expose them for the evil they are, but I was derailed by both  new  Federal regulations that protects consumers, and  education by Ron Heath.

I highly recommend that you listen to these 3 episodes as many times as it takes  to absorb the financial concepts, and how they could impact your financial security….not necessarily NOW, but perhaps in 20 years…maybe 30 years. Acting now, that is sooner, rather than later, as a last resort, is in your favor.

Listen especially if you are planning to pay cash.

This episode is buying a home with a traditional mortgage. You pay for the next 30 years, or less.

This also expects that you have done the critical thinking of: 

#1- Do I want to buy a home right away in my dream location without living there first and renting?

# 2-Do I want to follow my children and grandchildren?

# 3 - Do I want to leave an inheritance of a paid for home for my children?

The two critical timing points that you must meet for a closing without running into document purgatory or qualifying for less home than you planned.

Should you have a Fixed 30 year amortization, or less… 15,20, 25?

Should you pay closing costs?

Who should you choose to do your home financing?

Our downsizing experience.

Resources:

Living to 100.  Have an idea of your life expectancy as you are planning. Also especially good for Social Security planning.

Music for moving local, national, or planetary.

Jefferson Starship - Blows Against the Empire - "Have you seen the stars tonight -> Starship

At firstI was iridescent,thenI became transparent,finallyI was essence . . .

Thanks for sharing Planet BoomerVille with your friends and FaceBook pals.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

As Garcia and Hunter wrote, "when life looks like easy street, there is danger at your door." A HECM could be an off setting factor for your upcoming unknowns of 20-30+ years away.

Be sure to listen to episodes 9 and 10 of this series which are the foundational basics.

If you are 62 or approaching, a Reverse Mortgage, or HECM (Home Equity Credit Mortgage), is the revised financial tool that you owe it to yourself and spouse to review carefully as you would any investment or insurance policy.

In the wild west days of HECM's, they could be harmful and not a good decision. Today, they are highly regulated with protections and disclosures to protect you.

Dr. Wade Pfau and Shelley Giordano, have written about the benefits of incorporating a HECM for a financially successful retirement.

As I have been thinking through a HECM, it appears a prudent tool when considering what may happen during the next 20+ years when my now stellar vision of life may become a bit clouded.

Approximate Show Notes

3:00 - A refinance strategy comparing to a Fixed 15 or 30 year "forward" mortgage.

4:10-  You can pay down a HECM.

4:45 - Spending equity now.

5:14 - Credit Line Options** - Do Not Skip this part. A growing line of credit set up now, i.e. early,

           is NEVER re-evaluated, and continues to grow line size.

7:40 - Using as a last resort, when an oldster, is not the most optimum strategy.

8:50 - Start a HECM early and why.

9:20 - Bridging the years before maximum social security awards.

10:34 - Tenure payments- guaranteed lifetime payments.

12:00 - How tenure payments are calculated.

12:55 - How does a HECM show up on your credit report?

13:19 - HECM for downsizing and purchasing a new home. Alternative to paying cash or having                      monthly payments.

14:33 - Anticipating the (un) expected health events.

15:20 - As an alternative to Long Term Care policies.

18:55 - Grey Divorce - how to navigate divorce in your 60's. Who stays and who moves? How    do you get the spouses equity out while the other spouse stays.

20:54 - Perhaps a better solution to buying out a spouse in divorce.

22:45 - Don't do this!

23:55 - Once you have a HECM, can you move and rent out your home? What triggers defaults?

26:00 - Begin The Pitfalls and Perils section.

29:00 - Ron's strongest encouragement for what TO DO.

31:24 - Considering the needs of children and heirs.

32:08 - Another Strong Word of Caution - Do Not Do This!

33:00 - How is a HECM loan officer paid?

          - FHA mortgage insurance spread.

34:00- What you must pay each year.

36:00 - How well regulated FHA has made HECM's to protect borrowers.

Listen to episode 10 for Ron's music that moves him, looking back at perspective at 95, and about dying.

Episode 09:  http://planetboomerville.com/2016/11/08/reverse-mortgages-will-add-security-financial-planner-not-told-pt-13-ep-09/

Episode 10 is your educational beginning point. http://planetboomerville.com/2016/11/15/reverse-mortgages-part-2-surprising-ways-strengthen-retirement-ep-10/

More information with expert analysis:

Dr. Wade Pfau - Reverse Mortgages: How to use Reverse Mortgages to Secure Your Retirement (The Retirement Researcher's Guide Series) (Volume 1)Sep 16, 2016

Shelley Giordano - What's the deal with reverse mortgages?

What is your reason? Down Load your copy of The Boomer Manifesto  Use this to expand your own framework of purpose.

Thanks for listening and thanks for telling your friends about Planet BoomerVille.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

I'll be the first to admit that as a lender, I have given little respect to HECM's, until this point.

The Reverse Mortgage Home Equity Conversion Mortgage (HECM) deserves a thoughtful review as part of your long term planning, and, protection of your spouse or significant other, even if you don't think you need it. You will find the part on using a HECM to purchase a home most interesting.

 Practical application of HECM line of credit.

• 1:40 Dr. Wade Pfau - wrote that a HECM line of credit early in retirement will be a hedge against housing values and will allow you to not drawdown on your portfolio during down markets.
• 3:20- HECM's with Monte Carlo simulations show sustainable lifetime income.
• 4:00 - The story of two brothers - in a down market, one drew on his portfolio, the other on his HECM, and the surprising results.
• 6:45 - Dr. Barry Sachs -
• 8:10- Using a HECM for peace of mind.
• 8:45- Using a HECM for investing.
• 10:15- Outside of the box use for HECM refinance
• • Comparing a traditional 30 year mortgage to a HECM during retirement.
• 12:00- How HECM will help the surviving spouse when income drops.
• 14:10 - How HECM can help delay receiving social security until you are at the age of maximum benefit.
• 16:14- Purchase HECM - mind blowing.
• 19:25- What happens when you draw down $200,000. in your portfolio with a traditional mortgage.
• 21:55- With HECM, can purchase home for approximately 52% of purchase price.
• 25:15- If your financial planner or realtor is not familiar with HECM.
• 26:00 - What you cannot use it for.
• 26:15- What are the qualifying guidelines for a HECM?
• 29:55- Ron's music that has passed the test of time.
• 35:25- Ron at 95 looking back on the major decisions in his life.
• 37:50- Local non-profit for caregivers.
• 39:40- Dying and the celebration.
• 42:00 - How to reach Ron Heath.
• 42:50- Final thoughts.

The Big Thought

"Never think you know what is going on in someone's life."

Resource websites for HECM loans:

Reach Ron Heath at: (919) 412-0686

http://rfslends.com/ron-heath-north-carolina-reverse-mortgage/

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/hecm/hecmhome

http://hecmadvisorsgroup.com/category/funding-longevity-task-force/

http://www.theretirementcafe.com/

Rons Music That Has Passed the Test of Time.

Queen – Bohemian Rhapsody -

Led Zeppelin – Stairway to Heaven covered by Ann and Nancy Wilson at the Kennedy Center Honors

Elton John – Funeral For A Friend – Love Lies Bleeding –

Life changing event:

Guiding Lights – A Caregiver Support Center

In this first of 3 episodes, we address Reverse Mortgage myths, define the programs and how they work, and delve into the HECM Line of Credit that continues to increase over the years. You will be surprised.

Approximate Time Stamps

2:15- Three ways to use Reverse Mortgages

3:20- What is a Reverse Mortgage?

5:01- How much money will you receive and how long will it last?

6:09- Factors that determine how much you can borrow.

6:54- Obligations of the borrower.

7:53- When banks can consider you in default.

8:25- Celebrity endorsements.

8:52- Who owns the house?

10:20- Internal amortization rate.

11:13- Can you check your loan balance?

12:58- Can you get out of a Reverse Mortgage without dying?

13:28- Who you are working with.

14:40- TRID, Loan Estimates, and Closing Disclosures.

15:20- Will this be a hardship on the adult children?

15:35- Are the adult children responsible for selling the home?

16:10- Can surviving spouse be evicted from home if not on mortgage?

18:40- New legislation for Reverse Mortgages.

20:30- Do financial planners know about using Reverse Mortgages in their planning?

21:55- Many financial planners seeing that incorporating a Reverse Mortgage EARLY             can create 90-95% success rate of not running out of money.

23:40- Myth of equity sharing with the bank.

25:20- What if borrower dies within 5 years, do they lose money?

26:22- Types of RM lenders. Celebrity spokes people, call centers.

30:00- How expensive are RM closing costs?

31:00 - FHA mortgage insurance premium.

34:00- When can you get out of a RM?

35:50- Very flexible payment options that you can change as needed.

37:20- You can pre-pay without penalty.

38:41 - Creative ways to use a RM. Is this a loan of last resort?

40:15- Early use in retirement planning.

42:00- Unlike a forward Line of Credit, a RM Line of Credit cannot be canceled.

43:05- RM Line of Credit loan amount will continue to increase automatically.

43:40- What is the FHA appreciation rate used in their calculations?

49:00- How are Line of Credit growth rates determined?

Be sure to subscribe to automatically receive the next 2 episodes.

A BodyTalk practitioner offers no diagnosis or prescription, just a "rewiring" session using muscle testing and light tapping on the head and sternum to re-establish channels of communication within the body. Then the body will start functioning optimally again.

Dying: We cover the minimum legal protections needed, how to protect your adult children, special needs children, blended families, in a committed relationship and more. See the entire show notes at www.PlanetBoomerVille.com 

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

We explore ways to fill the insurance financial gaps, stay healthy, provide for your caregivers, and get dental coverage, which Medicare does not cover. And much much more.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?

Clear explanations of the 5 parts of Medicare and the financial gaps that baby boomers can be left holding. Must known points. Visit www.PlanetBoomerVille.com for more detailed show notes.

Planet BoomerVille is for Baby Boomers and is about being Stellar and Living Life Lively. That means Baby Boomer brain and physical health. Baby Boomer family relationships, love, sex, and romance. Making new friends. Appreciating old friends. Lot's of music, new and old. It is about new life beginning and adventures. Planet BoomerVille is about embracing the future and making your now as big as your past. Maybe bigger and even better. Why not? Why not you?