Retirement News, Information and Guidance

Retirement

How to Pay for College and Save for Retirement

As you approach retirement, you are often faced with difficult financial decisions that may affect your nest egg. For those retirees and soon to be retirees with children or grandchildren, you may find yourself having to choose between contributing to your own retirement account or paying for your child’s college tuition. If you have…

Some retirees are conflicted about trying to leave an inheritance vs maintaining their standard of living.

Forget the Heirs — I Need Money Now: 1/3 of Reverse Mortgage Borrowers Are Unconcerned About Leaving a Legacy

Living longer than expected, insufficient savings, higher cost of living and medical expenses are just some of the things making it difficult for many older Americans to pay for retirement. Securing a reverse mortgage is one solution many people are exploring.  A reverse mortgage let’s homeowners who are 62 or older borrow their home…

Retirement

3 Great Reasons to Take Your 401k Employer Match

Employer-Sponsored retirement savings plans, such as a 401(K) or IRA, help you prepare for the future. But are you using yours as effectively as you could? Saving less than you’re allowed or not taking full advantage of a 401k employer match plan at all could leave you unprepared once retirement rolls around. The good…

Cash flow

Expert Interview with Keith Whelan of Cash Flow Navigator On Wealth Vs. Cash Flow

Many of us want to be wealthy, but few of us realize what it takes to get there. That’s why Keith Whelan founded Cashflownavigator, a site that lets you track where your money goes and gives you the tools to redirect it. He was kind enough to speak with us about how to do…

Longevity annuities offer peace of mind that you can fund a long life.

Longevity Annuities in Retirement Plans: What Are They? Why Buy Now? For Whom?

Thanks to rules passed late last year, longevity annuities may  grow in popularity as a compelling way to plan for retirement — in particular, a long life in retirement. Longevity annuities have been around for years offering retirees a way to hedge against “longevity risk,” or the possibility of outliving one’s savings. Until recently,…

Retire

Baby Boomers Retiring: The Big Difficulties Facing This Generation

Baby boomers are retiring in droves. According to the Pew Research Center, the oldest members of the baby boomer generation came into retirement age in 2011, and for the next 19 years, 10,000 more boomers will turn 65 each day. The baby boomer generation faces unique challenges as they approach retirement. Unlike their parents,…

Obama Retirement Planning

Pros and Cons of Obama Administration’s Proposed Retirement Planning Changes

A new proposal by the Obama Administration is taking unprecedented steps toward protecting people who are planning for retirement. President Obama is directing his administration to move forward with a proposed rulemaking that will protect families by imposing a “fiduciary standard” on retirement advisors. The fiduciary standard ensures  that advisors put the interest of…

How to plan retirement

How to Plan Retirement When You Don’t Really Have a Plan

How to plan for retirement?  It is a question a lot of people ask, but not as many answer. Planning for retirement isn’t easy — and if you’re like most people, you’re probably putting it off.  A recent survey by Wells Fargo found that only 69 percent of middle class respondents aged 40-59 (the…

Annuity

Worried About Low Interest Annuity Rates? 4 Strategies for Better Returns

In recent years, many people have decided to invest in annuities as part of their financial plan in retirement. Payouts for these investments are typically better than other income-producing investments because those who purchase annuities pool their mortality risk with other annuity purchasers. Annuities can be a confusing product.  Learn about the pros and…

The reverse mortgage financial assessment is used to assess whether you have enough money to continue funding taxes and insurance on your home.

Reverse Mortgage Financial Assessment Set to Begin in April: What it Means to You

The reverse mortgage Financial Assessment, which was originally supposed to take effect March 2, 2015, has been pushed back several weeks to allow both lenders and prospective borrowers more time to prepare for the upcoming rule change. Now, borrowers who get a reverse mortgage on or after April 27, will be subject to the…