Retirement Answers from Retirement Experts!

Search:

Browse Topics (View all.):






Recent Retirement Answers

Asked by someone from CA on 8/28/2014
Raymond Denton
Raymond Denton, Reverse Mortgage Consultant says
How much is your current mortgage payoff? With me, on the fixed interest rate program, I never charge an Origination Fee, and will pay many of the fees, and sometimes all of them, depending on the amount of your mortgage payoff, and interest rate. (Read More)
Asked by a 87 year old man from WA on 8/12/2014
Steve Chen
Steve Chen,  says
Congratulations on achieving financial independence - something almost no one reaches. You can use our calculator to validate your plans if you want a second opinion: https://www.newretirement.com/retirement-calculator/default.aspx (Read More)
Asked by someone from VA on 8/14/2014
Steve Chen
Steve Chen,  says
If you are asking how much income (from your pension) impacts your social security benefits, there this should help: If you claim Social Security benefits at age 62, then you will be penalized if you make over a certain amount of money. If you are younger than full retirement age during, you can earn up to $15,120 in 2013 dollars without it ... (Read More)
Asked by a 58 year old man from WA on 8/16/2014
Steve Chen
Steve Chen,  says
If you claim Social Security benefits at age 62, then yes you will be penalized if you make over a certain amount of money. If you are younger than full retirement age during, you can earn up to $15,120 in 2013 dollars without it affecting your Social Security benefit. After that, $1 will be deducted from your Social Security benefit for each ... (Read More)
Asked by someone from WA on 8/17/2014
Steve Chen
Steve Chen,  says
Good question Social Security Disability Insurance is based on your work and income history and is a benefit that you have earned, so those benefits are not impacted by other resources you have or may inherit. So yes - if you are getting SSDI and you get an inheritance you can use it any way you like. ... (Read More)
Asked by a 67 year old man from CA on 8/19/2014
Steve Chen
Steve Chen,  says
Sorry to hear about your situation, but you may be in good company since 36% of people have nothing saved for retirement. 14% of people over 65 26% of people 50-64 http://reason.com/blog/2014/08/18/why-do-36-percent-of-americans-have-no-r There are a number of programs for low income seniors - you can read a write up of them ... (Read More)

See all recent questions...