Designed for seniors over the age of 62, a reverse mortgage or HECM is a loan that allows the home-owner to convert equity in their principal residence into cash, a credit line or monthly income, while maintaining possession. Before HECMs became available, retired homeowners who needed cash had few options. They could sell and perhaps buy something smaller, move in with members of the family or move into a rental property. The (more…)

You have toiled hard in your younger days and now that you are bound for retirement, you might think there are no other ways to earn money aside from your retirement fees. This is often a common predicament among senior citizens who are retired from their employment but still want to be more productive as long as finances are concerned.

Reverse mortgage for home purchase is a government-insured mortgage loan given to qua (more…)

Having a fast and powerful sports car is something that many people dream of, loving the aggressive sound of the engine and the speed potential such vehicles can deliver. There are many speed lovers out there, wishing they had a car to satisfy their thirst for speed in a street or track race, pushing the gas pedal into the floor and having the head blown back by the power of their car. And taking into account that sports cars are sometimes quite inexpensive compared to other types of vehicles, many drivers choose to follow their passion and buy a roaring beast on wheels.

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The world is often a confusing place and nowhere is the confusion likely to be so complete as in the tax system. Here we have the best brains in the Government taking on the best brains in the private sector. The Government wants the maximum tax take. The private sector wants to arrange things so that no one with money ever has to pay any tax. Somewhere in the middle the two world-views collide and, usually, some tax is paid. Anyway, when President Obama signed the healthcare reform bill into law, some of the largest employers in the US let out a collective sigh of pain. As an example, Caterpillar is the world’s largest manufacturer of excavators and bulldozers. The day after the President’s signature, Caterpillar announced it was taking a charge of $100 million to earnings over an expected loss of tax benefits. A number of other influential corporations have also made allowances in their accounts. The reason is that the healthcare reform ended a tax break given to cover the cost of supplying drugs to early retirees.

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Many Reverse Mergers have been successful when done properly that is why I never consent to doing one without providing the company with the possible problems that can arise and how to deal with them.

I also provide the client with the alternatives to Reverse Merger, such as Regulation D Offering, Direct Public Offering and private placement.

One way to make sure that the Reverse merger is going to work is to bu (more…)