Retirement News, Information and Guidance

new reverse mortgage

The New Reverse Mortgage: This is Not a Loan of Last Resort

Reverse mortgages have been commonly viewed as a last resort that should be avoided like the plague. However, several recent developments have transformed these products into viable financial planning tools. This false “loan of last resort” reputation reduces reverse mortgage use among many retirees who stand to benefit from tapping into their home equity. New…

reverse mortgage after death

What to Do About a Reverse Mortgage After Death: Reverse Mortgage Heirs Responsibility

Managing all of the responsibilities of an estate after death can be incredibly stressful.  If your family member had a reverse mortgage, it is particularly important for heirs to to quickly figure out what to do about the reverse mortgage after death.  The heirs of reverse mortgage borrowers have a set of duties, even if…

best places to retire

The Real Reasons You Are Not Packing Up and Moving to the Best Places to Retire

We all love reading lists of the best places to retire.  They interest us and they make us think about what is possible in retirement. Is staying put one of the best places to retire? However, most of us stay put in our homes for retirement.  According to the U.S. Census Survey data, very few…

retirement taxes

6 Surprising Tips for Minimizing Retirement Taxes

As the saying goes, nothing’s certain but death and taxes. But, there is good news! Retirement taxes may not be as much of a burden as you may think. In fact, the peak of your tax-paying years is around age 50, when about 80% of American households pay federal income taxes. At age 65, that…

retirement planning for women

5 Secrets of Retirement Planning for Women (Wives, Moms, Daughters)

Retirement planning for women — wives, daughters, mothersBoth women and men continue to save money for retirement in their 401(k)s at the same rate, but due to many factors, women — you, your wife, your daughter, your mother — are less financially prepared for retirement than men, according to recent research from Aon Hewitt. Of…

How Do Clinton and Trump Compare on Social Security and Other Retirement Issues?

Should retirement issues influence how you vote?We are in the midst of a presidential election like none that has ever come before.  And with record numbers of people turning age 65, retirement issues are important. If you are at or approaching retirement age, you may wonder which candidate is a better bet for your interests…

retirement questions

The Dumbest Retirement Questions Ever Asked

Okay, there really is no such thing as a stupid question.  In fact asking questions — even “dumb” retirement questions — is a great way to learn about how to do a better job preparing for your future.  And, it turns out we need to learn a lot. So, in the spirit of doing a…

a new approach to retirement planning

A New Approach to Retirement Planning

An interview with NewRetirement’s founder, Stephen Chen, was featured on Forbes this week.  The magazine hailed NewRetirement as “A New approach to Retirement Planning.” The article highlighted how we got started and what makes our approach to retirement planning different from anyone else’s. Tell me about your background and why you started NewRetirement. Stephen Chen:…

loneliness

As Dangerous as Smoking and Stress, Loneliness Puts You at Risk

New research shows that feeling lonely is a big risk factor for heart attack, clogged arteries and stroke.  In fact, the dangers of loneliness are on par with obesity, light smoking and anxiety.  The British study found that feeling lonely or being socially isolated increases your risk by 29 percent for heart disease and 32…

be happy

Be Happy: 5 Ways to Worry Less About Your Retirement

Don’t Worry… Be Happy… About Your Retirement!!! You can be happy in retirement The economy is trying to rebound, but you may still feel constantly stressed about your finances and you are probably asking yourself, do I have enough money for retirement? If you are worried, you’re not alone. The majority of Americans are concerned…