Retirement News, Information and Guidance

retirement club

Join the Club: How to Start a Retirement Planning Club and Have a Happier Wealthier Future

Feeling excited, overwhelmed or unsure about retirement?  Start a retirement club! We all need help with our retirement plans but very few of us turn to friends for that support.  A retirement club — kind of like a book club where you discuss retirement topics instead of novels — can provide an ideal and friendly…

transition to retirement

10 Exceptional Tips for the Average Joe or Jane as You Transition to Retirement

We boomers were never average.  As the “me” generation, our uniqueness is a badge of honor.  However, approximately 10,000 of us transition to retirement everyday.  And, while we each have specific goals, ideas and financial circumstances, there are some things that apply to us all. Here is some exceptional retirement advice advice for the average guy,…

dol fiduciary rule

DOL Fiduciary Rule: Could Trump Ruin Your Retirement Finances?

Every financial publication has an article about how Trump might be ruining your retirement with his executive order to revise the Department of Labor’s DOL fiduciary rule for financial advisors. However, because you are reading this article, you are probably relatively engaged with your retirement accounts and may have less reason to worry. There are…

Disappointed by Your Reverse Mortgage Amount? Do This to Make the Most of this Loan!

A reverse mortgage is a loan that lets the borrower access their home equity.  However, many people are very disappointed by their potential reverse mortgage amount. How much money can you really get?  Is the amount you can access worth it? Potential Reverse Mortgage Borrowers Are Often Disappointed If you were disappointed by your reverse…

Paying Off Debt

Paying Off Debt? First Celebrate then Do THIS!

Whether it is a credit card, car loan or the holy grail of all debts — your mortgage, paying off debt and eliminating monthly payments is a really big deal.When you pay off a debt, it is a huge opportunity to rethink your financial situation.  Your cashflow will have suddenly improved.  What are you going…

The Biggest Retirement Planning Mistakes Boomers Made and How to Fix Them

Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are completely busted and busted up about their retirement prospects.  Boomers have made some big retirement planning mistakes — even beyond giving away their record collections. The results of the IRI survey reveal that Boomers have an extremely dismal view of their future prospects. …

social security 2017

Social Security 2017: What to Watch

Social Security 2017: You might want to keep your eye on the money. While President Trump promised on the campaign trail that Social Security would not change if he achieved victory, many pundits are worried that this is one promise he will not be able to keep. Most experts have assumed that Social Security would…

retirement disadvantage

Are You Female or Married to One? The HUGE Retirement Disadvantage You Will Face

While there are lots of benefits to marriage, if you are a woman or you are married to one, you face a a huge retirement disadvantage — a significantly steeper climb toward having adequate retirement savings. A new study from TIAA estimates that in order for two recent college grads to have the same amount…

reverse mortgage for purchase

Use a Reverse Mortgage for Purchase of a New Home

Did you know that you can use a reverse mortgage for purchase of a new home?  It’s true. It is very popular for seniors to use reverse mortgages to transform equity in their homes into cash without burdening themselves with monthly payments or risking foreclosure. However, it is less known that in 2008, the US…

Average Retirement Age

Average Retirement Age: Is Early Retirement Even a Thing Anymore?

Up until a few years ago, early retirement was the goal of many older Americans. However, this trend seems to have peaked. What is an Early Retirement? There is no official measure of “early retirement.”  Retirement is a word that has come to mean many different things to many different people. However, when we talk…