NewRetirement > Articles

Retirement News, Information and Guidance

How much is enough concept

Retirement Income: How Much Do I Need for Retirement?

Most retirement experts advise that retirees plan on securing 100 percent of their pre retirement income for retirement — though annual spending may decrease as retirees age. However, many pre-retirees are not nearly as prepared for retirement as they had hoped—and by no fault of their own. The economic crisis, housing crash and market downturn…

iStock_000022421684Small

3 Underreported Facts about Reverse Mortgages

A retirement financial planner can help you understand your options. Mapping your path to a comfortable retirement calls for personalization. At its best, financial planning for this life phase should resemble a shopping trip: you decide your priorities, set your budget, then make selections from an array of offerings based on your needs. As with…

4 goals

Retirement Financial Planning for Baby Boomers: The Top 4 Goals

The 2008 recession and financial crisis deteriorated American baby boomers’ confidence in retirement planning, spurring a shift in their financial goals related to their later years. And while the ability for baby boomers to reach their goals should improve with the recovering economy, not everyone is confident about realizing their priorities in retirement. Only one-third,…

waiting social security

Why Waiting Until Your Social Security Full Retirement Age Makes Financial Sense

Social Security benefits can increase up to 32% if you wait until age 70 to start collecting them. This may translate to an additional $300,000 in benefits over the course of a couple’s lifetime or $100,000 during an individual’s lifetime, says Kevin McGarry, director of the Nationwide Financial Retirement Institute (NFRI). But the reality is…

Portrait Of Three Generation Family On Beach Holiday

Work and Retirement: How a Work Sabbatical, a Long Vacation or Switching Careers Can Improve Your Retirement

The road to retirement is changing dramatically, with more older Americans taking a long vacation, or a work sabbatical, for a period of time and then rejoining the workforce –often by switching careers — to delay full retirement. Seventeen percent of boomers say retirement financing will come from continued employment, according to a 2014 analysis…

7 Signs Buying an Annuity Makes Sense for You

Prepared for properly, retirement can be a time when well-laid plans to come to fruition, providing the financial foundation for a lifestyle of comfort and leisure. If those are your goals for the next phase of life, you may want to consider if an annuity should be part of your plan. An annuity may provide…

decoding annuities

Most Americans Don’t Understand Annuities; Decoding the Mystery of How Does an Annuity Work

While 71% of Americans say they would consider buying an annuity to meet a variety of needs, more than half admit they don’t understand the product, according to a survey by Phoenix Companies, Inc., a financial services firm. Annuities are used for a number of reasons, but about half (49%) of survey respondents indicate they…

Cheerful couple relaxing on their couch using the laptop at home in the sitting room

New Reverse Mortgage Product Has Arrived: Here’s What You Need to Know

Reverse mortgages just got a lot safer. The government has implemented new rules for its Home Equity Conversion Mortgage (HECM) program. The new reverse mortgage rules include an important feature for any couple who are considering a reverse mortgage but have only one spouse on the home title. A second change also makes more proceeds…

Protection from Investment Fraud

Retirement Investing: 7 Ways to Protect Your Retirement from Investment Frauds

Selling bogus investment products to older Americans is big business, with an estimated $2.9 billion worth of retirement investing losses being attributed to financial elder abuse annually. It’s a common scenario: You receive an email, letter or phone call promising easy money or dire consequences. If it sounds too good to be true, that’s because…

Vitamin D from Sun

Soak Up the Sun? Vitamin D Deficiency Linked to Alzheimer’s and Other Recent Health News (Stroke, Chocolate, Exercise…)

The journal Neurology recently published compelling research showing a strong association between low Vitamin D Levels and the risk of dementia and Alzheimer’s disease. The study, led by Dr. David Llewellyn at the University of Exeter Medical School, found that study participants who were severely deficient in Vitamin D were more than twice as likely…