Retirement News, Information and Guidance

Stay active in retirement

4 Ways to Stay Active in Retirement

Retirement is the time to relax and enjoy a slower pace, but you still need to remain active in order to stay healthy. Sir Isaac Newton said that a body at rest tends to stay at rest while a body in motion tends to stay in motion. The more often you get up and get…

Saving for retirement later in life

Expert Interview with Bob Henderson on Saving for Retirement Later in Life for NewRetirement.com

We’re guessing there might be one or two readers out there who are overwhelmed about the amount of money they need to save to retire comfortably. But there’s no need to panic, says Robert Henderson, president of Landsdowne Wealth Management in Mystic, Conn. “It’s one step at a time,” he says. “There are options to…

Personal finance for couples

Expert Interview with Elle Martinez on Personal Finance for Couples for NewRetirement.com

We’re going to hazard a guess that talking to your partner about finances and retirement ranks somewhere up there with conversations about disciplining your belligerent 2-year-old and whether your mother-in-law should stay with you for the summer. But conversations about money are some of the most important discussions you can have with your significant other…

Believe it or not, it is family that is responsible for most financial fraud against older people.

Elder Financial Abuse: Tips for Protecting Yourself from Strangers and Your Own Family Members

As America’s aging population continues to grow, one crime in particular stands to gain from this booming cohort: elder financial abuse. It has already proven to be a $2.9 billion a year business, but nothing has stopped it from thriving. Why? It’s under-reported and misunderstood, according to the 2014 “Safeguarding Our Seniors” study by Allianz…

Women are more committed to retirement savings, but men end up with more money.

Retirement Savings: Who Does a Better Job — Women or Men?

When it comes to retirement planning, men and women exhibit some stark differences. At most income levels, women are more likely to participate in their employer retirement plans, yet women’s account balances tend to be lower, according to recent research by The Vanguard Group, Inc. Women contribute more And not only do women participate more…

Social security

Retirement Directions: What to Know About Social Security

Retirement is tricky business. You can save and plan your whole life, but that doesn’t mean you’ll know how to best use your Social Security benefits. Counting on the Social Security Administration (SSA) to help you find your way doesn’t always work, either. And then there’s the elephant in the room, which is whether Social…

How much do you need to retire

How Much Do You Need to Retire by 2020?

Lifestyles vary dramatically from one household to the next, and so do retirement needs. Someone who is accustomed to a 6-figure or higher income will have markedly different needs than someone who has a modest lifestyle. And the length of time spent in retirement can complicate matters even further. You could retire with $1 million…

New Reverse Mortgage Requirements are Coming Soon...

New Reverse Mortgage Requirements Coming in 2015

If you’ve been considering a reverse mortgage, there are big changes coming in 2015 that you’ll need to know about. Most reverse mortgages are insured by the U.S. Federal Housing Administration. As a product of this, the loans are guaranteed by the government, adding a level of protection for borrowers. It also means the government…

Older Americans facing a housing crisis as home ownership costs become a financial burden.

There is a Housing Crisis for Retirees: How to Keep Yourself Safe

The aging population is facing a housing crisis in America, and it’s coming fast. Such are the findings of a landmark study and report released by the Harvard Joint Center for Housing Studies and AARP last month. The annual study showed that 1 in 3 people over age 50 in the U.S. were carrying a…

Enroll in Medicare

How to Enroll in Medicare

Medicare can be confusing when you’re just learning about the system before receiving benefits. There’s Medicare Part A, Part B, and Part D, and they each have a different job to do. The federal government holds two trust accounts that fund each facet of Medicare, and many Americans get these benefits without having to sign…