Retirement News, Information and Guidance

reverse mortgages

Are These Good Reasons to Avoid a Reverse Mortgage?

Most of us are concerned about our retirement financial security.  We have not saved enough.  Healthcare is expensive.  Social Security doesn’t nearly cover our costs.  We are living long lives. However, many of us do have one very big source of wealth.  According to the US Census Bureau, 79% of older Americans own their homes. …

7 Hot Button Political Topics that Could Impact Your Retirement Well Being

“All politics is personal,” so the saying goes.  And, this year that phrase is especially true for people nearing retirement. There are a lot of hot button topics on the table that have the potential to impact your retirement well being — no matter where you stand on the political spectrum. Here we discuss 7…

when to retire

When to Retire: How to Make the Right Choice with Advice from Decision Making Expert

When to retire.  Getting the answer to this question is — by far — one of the biggest decisions of your life and a choice that can cause a lot of stress. Here are 5 tips from Dr. Ruth Chang, a professor at Rutgers University and world renowned expert on making decisions, that should help…

retirement withdrawals

How to Manage Retirement Withdrawals to Pay Less in Taxes and Maximize Income

A lot has been written about saving and accumulating enough for retirement. But that’s only half the battle. Once you reach retirement it is important that you manage your retirement withdrawals from various accounts as tax-efficiently as possible. Taxes will likely be one of your biggest expenses in retirement. A tax-efficient withdrawal strategy can be…

preparing for retirement

Preparing for Retirement: 7 Secret Training Tips for a Successful Future

When you hear “preparing for retirement,” you probably think about savings and budgeting.  However, your finances are just one aspect that you need to consider. Sure, you need to have your financial situation in check when you retire, but other aspects of your life could use some prepping as well. Here are 7 important retirement…

retirement financial literacy

Can You Do Better than Average on this Quiz of Your Retirement Financial Literacy?

Retirement financial literacy is low.  Most of us do not know very much about the fundamentals of how personal finance works.  Just look at the average retirement savings and you will realize that most people are unprepared and unaware of what is needed for a secure retirement. However, a recent survey suggests that financial literacy…

uses of reverse mortgages

Innovative Uses of Reverse Mortgages: Smart and Sophisticated Ways to Tap Home Equity for Greater Wealth

Generally speaking, the uses of reverse mortgages are endless.  And, you get to choose the best way to manage or spend the money from the loan. Most seniors use a reverse mortgage to help close a gap between their retirement expenses and their retirement income.  Reverse mortgages eliminate monthly mortgage payments and give you access…

Age Discrimination in the Workplace

New Evidence of Awful Age Discrimination in the Workplace: Protect Your Livelihood (and Future Retirement)

Old. Venerable. Elderly. Veteran. Senior. Long in the tooth. Geriatric. Mature. Seasoned. Geezer. Expert. Grey haired. 50. 60. 70. 80. 90…  No matter what you call it (positive or negative), your age should not matter when it comes to jobs.  However, new research indicates that age discrimination is a very real and measurable thing. This…

how to retire

How to Retire: 5 Steps to a Secure Future — Jump In!

You want to know how to retire. Figuring out the answer to this question can feel overwhelming and sometimes impossible — especially if you are already in your 50s or 60s. It has been hard just making ends meet month after month and now you are faced with creating a plan for the next 20…

retirement tax planning 2017

Retirement Tax Planning 2017: Tips for This Year and Beyond

Tis the season… tax season that is.  And, as you transition into retirement and live in leisure, a lot changes and continues to change, especially in the realm of taxes. Retirement tax planning 2017 is critical whether you are retired already or just thinking about it. While you will probably spend less on taxes in…