Retirement News, Information and Guidance

Protect Your Retirement Savings from New Medicare Fees with a Reverse Mortgage

Protect Your Retirement Savings from New Medicare Fees with a Reverse Mortgage

Earlier this year, Medicare introduced a new program framework that will make paying for certain coverage options more expensive in the future.  Covering these new surcharges would normally have to come out of other income or by drawing down your investments.  But, it doesn’t have to come out of pocket, or even out of your…

social security

11 Ideas for Living on Nothing More than Social Security in Retirement

Living on Social Security alone is not only possible, many retirees already accomplish that very feat every year. And while the lifestyle associated with a Social Security income isn’t exactly luxurious, it doesn’t have to equal peanut butter sandwiches for the rest of your life, either. How you make it depends on a lot of…

The effectiveness of a reverse mortgage is determined by the borrower’s retirement goals

Is a Reverse Mortgage Right for You?

Reverse mortgages have undergone substantial changes over the past year to make them safer for retirees. But just like many other financial products on the market today, reverse mortgages are not for everyone. A reverse mortgage allows homeowners age 62 and older to convert their home equity into tax-free proceeds, which they can use at…

divorce after 50

Divorce After 50: Don’t Let ‘Gray Divorce’ Ruin Your Retirement

When you say ‘I do,’ your personal finances may not be the first thing on your mind. But the truth is, couples who get married and stay married have benefits that single people simply don’t, such as being able to split up expenses and having two (or more) sources of income. However, not everyone stays…

“This savvy use of a HECM is catching on . . . . It’s what changed my mind about the potential value of HECMs for people in their early 60s and 70s.” -- Jane Bryant Quinn

Financial Guru Jane Bryant Quinn Recommends a Fresh Look at Reverse Mortgages

Reverse mortgages aren’t what they used to be. Recent program changes have not only made these loans safer for borrowers, but they’ve also made them better financial planning tools. And this has convinced many financial experts to change the way they look at reverse mortgages. One of those experts is Jane Bryant Quinn, one of…

retirement quotes

Famous Retirement Quotes, Funny Retirement Quotes, Inspirational Retirement Quotes

You’ll Laugh (or Cry) When You Read These Famous Quotations About Retirement As you plan retirement, figure out what to say in a retirement card or write a retirement speech, you will enjoy reading quotations and funny sayings about this phase of life. Over 60 retirement quotes are found below. However, if you are looking…

happy retirement

Simple Living in Retirement: A Happy Retirement is the Ultimate Luxury

There’s a trend in retirement, and it’s not the luxurious life dripping with luxury vehicles and champagne breakfasts. A simpler and more modest approach has started to gain on the desire for more and bigger things. It’s a scaled down lifestyle where fewer possessions and worries mean more life satisfaction, and it’s attainable on a…

senior women

Single? Female? Retired? In Search of Roommate? Expert Interview with Golden Girls Network About Shared Living

Do you remember the TV show The Golden Girls? Four silver-haired ladies, sharing a household, lending strength, support, and, ultimately, friendship to one another? Have you ever considered a living situation like that for yourself? Living in shared housing, with people who aren’t your family, is incredibly common among young adults, but a lot of…

medicare

Don’t Get Eaten Alive: 8 Ways to Plan for Healthcare Costs in Retirement

Let’s go ahead and state the obvious: healthcare is a huge expense in retirement.  HUGE. And, not only huge, but also unpredictable and potentially debilitating. According to Fidelity, a couple who is 65 years old today can expect to spend $245,000 on Medicare premiums alone.  Out of pocket expenses and long term care costs can…

retirement planning

Dismal State of Retirement: How to Turn Lemons into Lemonade

The retirement outlook has changed drastically since your grandparents, and even parents, retired.  In fact, by some measures, retirement might seem as sour as lemons. Some of the bad news is obvious: we have just weathered an immense recession that impacted finances from all angles. And it has changed in some less obvious ways, as…