Retirement News, Information and Guidance

Retirement plan

Should an Annuity be in Your Retirement Plan?

Many people decide to include annuities as part of their retirement portfolio. These investments can often be a great way to complement other retirement income, such as pension plans and Social Security payments. But is an annuity right for you? It’s important to understand the advantages and disadvantages before investing.     Advantages of…

Worst States to Retire

Best Places to Retire? Avoid the Worst States to Retire

If you have visions of spending your retirement years on a sunny beach or in a sleepy, small town—you are not alone. Many retirees decide to pack up and relocate away from their primary residence when they’re no longer working. Three in five Americans (60%) want to spend their retirement years in another city…

How to plan retirement

3 Costly Retirement Mistakes 30-Somethings Make

Remember your 20s, when it was understandable to be broke, live with Mom and Dad and not think too far into the future? Well, that time has passed, and now that you’re in your 30s, you need to think about how you will survive during retirement. The good news is, you’re still young enough…

Should You Renovate Your Home with a Reverse Mortgage?

Should You Use a Reverse Mortgage to Renovate Your Home?

A reverse mortgage can be used to tap into home equity, and can allow aging Americans to remain in their homes. The proceeds of a reverse mortgage, including the line of credit option taken by many reverse mortgage borrowers today, can also be used for a very important purpose: home improvements. Whether updating features…

Create a plan for dealing with dementia.

Don’t Let Dementia Lead to Financial Ruin in Retirement

The costs of Alzheimer’s disease and other forms of dementia can be staggering. And not just for the person suffering from the disease, but for those around him or her who serve as primary caregivers. Dementia can easily derail a family’s finances, and it can quickly drain retirement savings for those who have not…

Retirement

What a Financial Advisor Can Do For You and Your Retirement

A financial advisor and retirement advisor are the same in many ways. But there’s one significant difference. Where a financial advisor is concerned with your finances and goals generally, a retirement planner also takes into consideration pensions, Social Security, and all other factors that will affect your retirement specifically. Many people save and invest…

Retirement calculators

Retirement Calculators Offer Answers — and Solutions

Retirement calculators give you a quick peek at what you will need to retire, and how your current plan is helping you reach that goal. But it’s more than just a snapshot tool. The real benefits come in the insight they offer. Retirement planning is more than following a step-by-step procedure to get from…

Will You Ever Be Able to Retire?

You Will NEVER Retire! (And Other Big Retirement Myths)

“You will never retire.” Those are four dreaded words no person wants to hear, especially those nearing retirement — even those who have not saved for retirement have hopes of retiring. One in five people who are near retirement age have no money saved, according to a survey last year from the Federal Reserve….

Second careers may be the key to a successful retirement.

5 Tips for Second Careers In Retirement – Jobs for Seniors

For many retirees today, the secret to a successful retirement is an oxymoron — a successful retirement actually means work. But “work” may not look like the career you’ve held for 40 years. Instead, there are a host of second careers that today’s retirees are pursuing. “People today are saying, ‘I don’t want to…

Best places to retire

Why Texas Is One of the Best Places to Retire

When it comes to choosing a place to retire, a lot of people nearing retirement age gravitate towards Arizona, Florida, and the Carolinas. Natural choices, granted, but perhaps it’s time to think outside the box just a little and consider the Lone Star State. That’s right, the second largest and second most populous state…