Retirement News, Information and Guidance

Retirement

5 Ways to Save for Retirement on a Limited Income

Even if your earnings aren’t what you’d like, you can still save toward a healthy retirement. Planning for retirement isn’t a luxury that only the wealthy can afford. In fact, the less we earn the more important our retirement savings becomes to our futures. While we need our income now for day-to-day essentials, we’ll…

Working in retirement opens up big possibilities for your future.

3 Big Mistakes to Avoid When Working Past Retirement Age

The meaning of the word “retirement” continues to evolve. What once signified the end of work now actually means continuing to work — often in new and different ways. Among those of us near retirement, a whopping 72% hope to keep working after retirement, according to a recent national study by Merrill Lynch and…

Does a Reverse Mortgage Represent Clear Blue Skies?

Is a Reverse Mortgage Right for You? 3 Questions to Ask Before Contacting a Lender

Reverse mortgages can help us successfully age in place during retirement, while also providing some extra cash flow via the most valuable asset most of us own: our  home. But like all financial products on the market today, reverse mortgages are not for everyone and there are some things we should consider in determining…

Retirement plan

Should an Annuity be in Your Retirement Plan?

Many people decide to include annuities as part of their retirement portfolio. These investments can often be a great way to complement other retirement income, such as pension plans and Social Security payments. But is an annuity right for you? It’s important to understand the advantages and disadvantages before investing.     Advantages of…

Worst States to Retire

Best Places to Retire? Avoid the Worst States to Retire

If you have visions of spending your retirement years on a sunny beach or in a sleepy, small town—you are not alone. Many retirees decide to pack up and relocate away from their primary residence when they’re no longer working. Three in five Americans (60%) want to spend their retirement years in another city…

How to plan retirement

3 Costly Retirement Mistakes 30-Somethings Make

Remember your 20s, when it was understandable to be broke, live with Mom and Dad and not think too far into the future? Well, that time has passed, and now that you’re in your 30s, you need to think about how you will survive during retirement. The good news is, you’re still young enough…

Should You Renovate Your Home with a Reverse Mortgage?

Should You Use a Reverse Mortgage to Renovate Your Home?

A reverse mortgage can be used to tap into home equity, and can allow aging Americans to remain in their homes. The proceeds of a reverse mortgage, including the line of credit option taken by many reverse mortgage borrowers today, can also be used for a very important purpose: home improvements. Whether updating features…

Create a plan for dealing with dementia.

Don’t Let Dementia Lead to Financial Ruin in Retirement

The costs of Alzheimer’s disease and other forms of dementia can be staggering. And not just for the person suffering from the disease, but for those around him or her who serve as primary caregivers. Dementia can easily derail a family’s finances, and it can quickly drain retirement savings for those who have not…

Retirement

What a Financial Advisor Can Do For You and Your Retirement

A financial advisor and retirement advisor are the same in many ways. But there’s one significant difference. Where a financial advisor is concerned with your finances and goals generally, a retirement planner also takes into consideration pensions, Social Security, and all other factors that will affect your retirement specifically. Many people save and invest…

Retirement calculators

Retirement Calculators Offer Answers — and Solutions

Retirement calculators give you a quick peek at what you will need to retire, and how your current plan is helping you reach that goal. But it’s more than just a snapshot tool. The real benefits come in the insight they offer. Retirement planning is more than following a step-by-step procedure to get from…