April 2016 - Vol. 52, No. 4

Presidential Debates, Then and Now

The first televised presidential debate occurred in 1960, as Vice President Richard Nixon took on Senator John F. Kennedy. Kennedy won the debate by a whisker. Literally, Nixon’s. Nixon forgot to shave before the debate and appeared before millions of voters with a heavy five o’clock shadow. He bore an unfortunate resemblance to Yasser Arafat.

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Classifieds

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We’re All Going to Die (and Other Happy Thoughts of an Estate Planner Turning 50)

First you forget names; then you forget faces; then you forget to zip up your fly; and then you forget to unzip your fly.

— Attributed to Branch Rickey

Death is the destiny of everyone; the living should take this to heart.

— Ecclesiastes 7:2

No one here gets out alive.

— The Doors

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Reverse Mortgages: Paying the Piper

Among the late Senator Fred Thompson’s acting roles was spokesperson for the efficacy of a financial product called a “reverse mortgage.”

A reverse mortgage or a home equity conversion mortgage (HECM) is a home loan for homeowners 62 or older that requires no monthly mortgage payments and permits the homeowner to convert her equity in the home into cash.

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