Managing a Cash Flow Crisis

Key Takeaways

  • Sooner or later we all face a cash flow crisis.
  • Make sure you have a plan in place to handle both short-term and long-term cash crises.
  • Having financial confidence and clarity is essential in today’s complex world, especially for making it through those times when things go “bump in the night.”

The 5 Keys to Consistent Cash Flow

Key Takeaways

  • Create multiple income streams, reduce taxes and plan for the worst-case financial scenario.
  • Plan out three years of income needs and adjust to changing economic and market circumstances.
  • When it comes to winning the cash flow game, never take your eye off the ball.

5 Strategies for the New Reverse Mortgage

Key Takeaways

  • Reverse mortgages allow seniors to access the home equity they have built up, and to defer payment of the loan until they die, sell or move out.
  • A reverse mortgage—technically a Home Equity Conversion Mortgage (HECM)—requires no monthly payments (just property taxes and homeowners insurance).
  • To evaluate whether a reverse mortgage is right for you or a loved one, contact us at our office: 800-480-7913 | coyle@coylefinancial.com

Liquidity, the #1 Money Principle

Key Takeaways

  • Always keep enough in readily available accounts to pay three to 12 months’ expenses.
  • Don’t borrow recklessly. Follow the “five tiers of liquidity” principle when you need access to cash.
  • Before tapping into insurance policies, brokerage accounts, retirement accounts and home equity, be mindful of taxes, capital gains and the timing of your withdrawals.