Retirement News, Information and Guidance

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…

Managing outcomes

Expert Interview with Jim Koch on Managing Outcomes

Americans spend too much time focusing on investing, and not enough time understanding or planning for living expenses in retirement, says Jim Koch, principal and founder of Koch Capital Management LLC. “It’s actually quite sad to me that so much time and energy is spent on looking for that home-run stock versus determining all the…

Retirement plans

Expert Interview with Rick Pendykoski on Self Directed Retirement Plans

Rick Pendykoski, founder of Self Directed Retirement Plans LLC, doesn’t think retirement savings will look all that different in the future than it does now. But he hopes there’s a big difference in how children are educated about money management in the coming years. “If only high school students were taught how interest works, compound…

The right foods, exercise and friends all contribute to good health.

5 Health Tips for Your Happy Retirement

Almost all of today’s retirees — 81 percent — say that good health is the most important ingredient for a happy retirement.  This according to “Health and Retirement: Planning for the Great Unknown,” a study conducted by Merrill Lynch. Protecting your health in retirement means staying as active and stimulated as possible. Sitting still isn’t…

Both Deferred and Immediate Annuities -- A Way Protect Your Future Quality of Life.

Annuity Pros and Cons: Should You Opt for a Deferred or Immediate Annuity for Longevity Protection

Americans fear outliving their money more than they fear death. A staggering 61% of survey respondents said they were more scared of outliving their assets than they were of dying, according to a 2010 study of baby boomers from Allianz. The research found that this percentage climbed to 77% for those age 44 to 49,…

Tips to Spot and Avoid Reverse Mortgage Scams

Reverse Mortgage Scams: How to Spot and Avoid!

Like all financial products, reverse mortgages can be subject to scams. These loans, which are available only to people who are 62 or older, have been the target of scammers in the past who have conned people into using a reverse mortgage when it is not in their best interest. But used appropriately, a reverse…

Plan for a place to go and maintaining a regular schedule to insure a happy retirement!

The Secret to a Happy Retirement? A Schedule!

Before retirement, life has a predictable routine. Work takes priority, and oftentimes everything else is scheduled in around it. From laundry to mowing the lawn, many people plan and keep a routine so that everything gets done. After retirement there’s nothing but time, so it might seem that schedules aren’t crucial. But a routine might…