Retirement News, Information and Guidance

New Regulations Address Reverse Mortgage Cons

5 New Solutions for Reverse Mortgage Cons and Misconceptions

A reverse mortgage is not a one-size-fits-all product, but it can be a useful way for many people in retirement to offset mounting costs or simply provide an emergency resource by using home equity. However, there have been some perceived cons — downsides — to the product, some of which have raised the attention of…

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Expert Interview with My Money Design on Tips for Retiring Early for NewRetirement.com

If there’s one conventional idea about retirement that the anonymous personal finance blogger behind My Money Design wishes people would re-examine, it’s that they don’t have to wait until they’re 59 ½ to retire.“There are plenty of other ways you could retire early and bridge the gap between now and then,” he says, adding that you could…

How is Your Retirement Financial Plan? Are You Ready to Make the Leap?

Financial Planning for Retirement: Why You Should Maybe Jump on In and Retire

Most Americans facing retirement today say they are not confidently prepared for financing their golden years.  But a new study finds retirement maybe more comfortable than pre retirees think it will be. The outlook from those already retired is positive.  According to a survey of 401(k) and IRA contributors conducted by global investment management company…

Best Annuities

The Best Annuities: What to Look For and Why Buy Them

With the Best Annuities Your Retirement Can Set Sail While investing a big portion of your retirement savings in the stock market can be a risky decision, putting some of that money into an annuity can help ensure you have a steady flow of income for life. There are downsides, but they can be a…

New Reverse Mortgage Rules Offer Additional Protection to Younger Spouses

New Reverse Mortgage Rules: Reverse Mortgage Age Requirement Changes for Married Borrowers

Reverse mortgages can offer home owners a convenient way to tap into their home’s equity to make more money available to be used however you wish. The loans have helped many people fund retirement. To get the basics of how reverse mortgages work, continue here. However, if you are married and either you or your…

Retirement planning

Retirement Planning Advice — by the Decade

Many times we race through the details of our finances and just do what we need to do month to month.  It is easy to forget to focus on the important long term concerns such as saving for retirement. Here is easy retirement planning advice for all phases of life.  Make sure to have a…

With a Retirement Advisor You Gain Confidence

The Top 3 Reasons Why People Seek a Financial Advisor; Financial Planning for Retirement Tops the List

While there are many different reasons people turn to financial advisors during their life, the majority turn to them for one reason: retirement. A survey from Wells Fargo found that 71% of investors sought financial advice for retirement. Other big life events also prompt Americans to seek out financial planners — 64% seek out an…

Retirement

4 Ways a Financial Advisor Can Help You Plan for Retirement

As you approach retirement, the financial decisions you make now could mean the difference between comfort and stress as you age. Luckily, financial advisors are available to help ensure that you make the right decisions to enjoy your retirement days. Here are 4 ways a financial advisor can help you effectively plan for retirement. Do…

I'm the Best

This is How Much Annual Retirement Income You Need to Live Happily

Contrary to what many financial planners suggest, some retirees are living on less than they expected while they were preparing for retirement. Nearly three years into retirement, they report living on just 66% of their pre-retirement income on average, or $58,000 annually, according to a survey by investment firm T. Rowe Price. This is much…

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Expert Interview with Dave Starr on Empowered Retirement for NewRetirement.com

The smartest thing anyone can do to prepare for retirement is to start early – long before you need it – and to look for sources of income that will sustain you after you’ve officially retired, says Dave Starr, the founder of RetiredPay.com.Even if you have the promise of a comfortable pension, that is no excuse…