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Tres web article 06 01 02 pros and cons of reverse mortgage

The Ric Edelman Show: June 1, 2019

Duration: 1:22:43

On this episode:

  • Put Your Financial Literacy to the Test
  • What Are the Pros and Cons of a Reverse Mortgage?
  • Should You Take a Lump Sum or Monthly Pension?
  • When Was the Last TimeYou Checked Your Credit Score?

On this episode:

Put Your Financial Literacy to the Test

Duration: 10:48

Do you really know the differences between stocks and bonds? Can you define capital gains and losses? Can you explain to a friend the meaning of asset allocation? Join Ric Edelman for a lesson in financial literacy and improve the fundamentals of your personal finances.


What Are the Pros and Cons of a Reverse Mortgage?

Duration: 8:31

A reverse mortgage is literally the opposite of a traditional mortgage. Instead of sending a monthly check to the bank,the bank sends a monthly check to you.It sounds like a nifty concept, but is it too good to be true? Listen to Ric Edelman explain the truth about reverse mortgages.


Should You Take a Lump Sum or Monthly Pension?

Duration: 10:51

A listener calls the show because he needs help deciding what to do with a pension. His employer is terminating the pension plan and now he must decide between taking a lump sum or a monthly payment. Listen to Ric Edelman explain why this is increasingly happening with pension plans and how to make a decision that’s right for you.


When Was the Last Time You Checked Your Credit Score?

Duration: 5:55

Maybe you don’t need to borrow money and already have a great credit history. But, you should still check your credit score because it’s how you could detect fraud. Or you might discover that someone has stolen your identity. Listen to Ric Edelman explain another very important reason to check your credit score and how to do it for free.


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This material was prepared for informational and/or educational purposes only. Neither Financial Engines Advisors L.L.C (also referred to as Edelman Financial Engines) nor its affiliates offer tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.

Investing strategies, such as asset allocation, diversification, or rebalancing, do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

An index is a portfolio of specific securities (common examples are the S&P, DJIA, NASDAQ), the performance of which is often used as a benchmark in judging the relative performance of certain asset classes. Indexes are unmanaged portfolios and investors cannot invest directly in an index. Past performance does not guarantee future results.

Truth About Your Future. The New York Times Book Review Advice, How-To and Miscellaneous. April 16, 2017.

Truth About Retirement Plans and IRAs. The Washington Post, Washington Bestsellers Paperback Nonfiction/General. April 20, 2014.

This material was prepared for informational and/or educational purposes only. Neither Financial Engines Advisors L.L.C (also referred to as Edelman Financial Engines) nor its affiliates offer tax or legal advice. Be sure to consult with a qualified tax or legal professional regarding the best options for your particular circumstances.

Investing strategies, such as asset allocation, diversification, or rebalancing, do not assure or guarantee better performance and cannot eliminate the risk of investment losses. There are no guarantees that a portfolio employing these or any other strategy will outperform a portfolio that does not engage in such strategies. Funds and ETFs are subject to risk, including loss of principal. All investments have inherent risks. There can be no assurance that the investment strategy proposed will obtain its goal. Past performance does not guarantee future results.

*InvestmentNews ranking and status for 2017. For independence methodology and ranking, see InvestmentNews Center.

**The Top 40 Independent Advisory Firm Ranking issued by Barron’s is qualitative and quantitative, including assets managed, the size and experience of teams, and the regulatory records of the advisers and firms. Firms elect to participate, but do not pay to be included in the ranking. Investor returns/experience are not considered. 2018 ranking refers to Edelman Financial Services, LLC. (EFS), which combined its advisory business in its entirety with Financial Engines Advisors L.L.C. (FEA) in November 2018. For the same survey, FEA received a precombination ranking of twelfth.

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©2019 Edelman Financial Engines, LLC. Financial Engines® and Edelman Financial Engines™ are trademarks of Edelman Financial Engines, LLC. All advisory services offered through Financial Engines Advisors L.L.C. (FEA), a federally registered investment advisor and wholly owned subsidiary of Edelman Financial Engines, LLC. FEA may also be referred to as Edelman Financial Engines or Financial Engines. Results are not guaranteed. Copyright ©2019 Edelman Financial Engines, LLC. All Rights Reserved.