Retirement News, Information and Guidance

how to use a reverse mortgage

10 Expected and Unexpected Ways to Use a Reverse Mortgage

From improving cashflow to curing loneliness or installing a whirpool bathtub, there are unlimited ways that people can use a reverse mortgage to improve their lives in retirement. A reverse mortgage allows individuals age 62 and older to convert a portion of their home equity into tax-free loan proceeds. This money can be used for…

By Alan Light (Tom SelleckUploaded by MaybeMaybeMaybe) [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], via Wikimedia Commons

Is Tom Selleck Telling the Truth About Reverse Mortgages?

Tom Selleck By Alan Light [CC BY 2.0] Wikimedia Commons If you watch TV at all, you have probably seen a commercial featuring Tom Selleck talking about reverse mortgages.  No matter what he is saying, there is something about his voice and direct gaze that really does pull you in. In one spot, he is…

Should you own stocks in retirement?

Should You Own Stocks in Retirement?

This content was originally published on RealDealRetirement by Walter Updegrave, RealDealRetirement @RealDealRetire Should you own stocks in retirement? Is it worth the risk? Are we crazy to avoid stocks? My husband and I are retired and living comfortably on income from Social Security, a pension and other sources. We own government bonds and have FDIC-insured…

live to be 100

How Much Do You Need for Retirement if You Live to Be 100?

We all ask the question, “How much do I need for retirement?” However, it is a very hard question to answer. The difficulty lies in the fact that it varies greatly depending on how long you live. Will you live to be 100? Or, 85? How long will your spouse live? Is 100 the New…

medicare costs 2018

Medicare Costs Rise: Wealthy to Pay Even MORE for Medicare in 2018

If you have wealth, your Medicare costs could rise rapidly. Paying for your health is going to be more expensive by 2018. Congress has decided that the wealthiest 5% of Medicare recipients should pay more for their health coverage. What Are the Current Medicare Costs? The annual baseline premium for Medicare is $1,462. However, the…

adult children

Your Adult Children Want to Help with Your Retirement

Your adult children want to help you as you age. However, they need you to be open to giving them details about what’s to come, according to the Fidelity Investments Family & Finance Study.  The study also found that whether you think you are communicating or not, the kids are not hearing you… (Alas, some…

retirement manifesto

What is Your Retirement Manifesto?

Retirement is actually an ideal time to write a manifesto. Retirement is your time — your time to be who you want to be. You may be hampered by finances, but your time and beliefs are your own and retirement is an ideal time to embody and promote your own ideals. In retirement, you are…

healthcare costs in retirement

How to Plan for Healthcare Costs in Retirement: How Much Do You Need in 2016?

Retirement planning is hard. You have to account for 20-30 years of expenses that are difficult to predict and make sure you have enough money to pay for them. How to plan for healthcare costs in retirement is particularly challenging. These costs continue to rise and it is difficult to know what kind of care…

credit score

Does Your Credit Score Matter in Retirement?

Whether you’re living the dream of a debt-free retirement or you’re still working towards paying off debt, there are some pretty compelling reasons to continue caring about your credit score after retirement. In a perfect world, everyone would enter retirement with a paid-off mortgage, zero debt, and a nest egg large enough to ensure they…

life after retirement

3 Ways to Find Meaning for Life After Retirement

While we’re in the daily grind of working for a living, we often visualize life after retirement as happy, stress-free relaxation. Getting a little R&R is certainly important, but there is a limit to the amount of napping, puttering around the house and daytime television a person can take. Without a plan for life after…