Retirement News, Information and Guidance

reverse mortgage interest rates

The Complete Guide to Reverse Mortgage Interest Rates and Fees

Many people are concerned about the costs associated with a Reverse Mortgage, as well as the impact of current and future interest rates. However, if you want or need equity from your home, are not willing to relocate to a smaller home, don’t want to or are unable to face regular loan payments, and are…

how does a reverse mortgage work

How Does a Reverse Mortgage Work?

If you are struggling to figure out how does a reverse mortgage work, you are not alone. One thing is clear, reverse mortgages are NOT clear. A recent NewRetirement poll indicated that 46% of respondents had the facts wrong about reverse mortgages. This article focuses on explaining the basics of how does a reverse mortgages…

reverse mortgage calculators

What You Need to Know About Reverse Mortgage Calculators

Reverse mortgage calculators can be useful tools as we figure out ways to fund retirement. Most of us do a lot of research before buying any kind of anything. We hold things up to a mirror, try things on, get free trials, research alternatives, comparison shop and more. Using a reverse mortgage calculator is easy…

retirement travel

Retirement Travel Trends and Tips for Funding Your Wanderlust

Here’s a riddle for you: Question: What is the one thing you can buy in retirement that will make you richer not poorer? Answer: Retirement travel.   Whether you are planning a weekend trip to visit family or a round the world expedition, travel enriches our lives. And travel is what retirees want to do….

retirement crisis

Rethinking the Idea of Retirement Crisis: Keep Calm and Retire On

The retirement crisis is real. Most of us have not saved enough. Fifty percent of baby boomers have less than $100,000 saved for retirement Experts say that the average couple in retirement needs at least $260,000 to cover health care costs alone. The government’s retirement programs are in peril. We have worked hard and we…

best retirement calculator

The Best Retirement Calculator Is Now More Powerful: Better Modeling of Retirement Savings

Considered one of the best retirement calculators, the NewRetirement planning system has been praised by magazines and investing groups. The tool just keeps getting better. Check out the new features designed to help you plan and have a more secure future. 1. Powerful Savings & Assets Modeling One of the enhancements that you have asked…

retirement income

How to Build a Retirement Income Plan

“The most important thing you can do for your retirement is have a plan — specifically a retirement income plan. A plan covers far more than what investments to pick. Investments are the last part of the plan; the icing on the cake. They should come only after you have the main meal menu in…

should I get a reverse mortgage?

Should I Get a Reverse Mortgage?

More and more seniors are asking themselves: “Should I get a reverse mortgage?” A reverse mortgage is a loan against your home that you do not have to pay back as long as you live there. You or your estate pays the money back plus interest when you die, sell your home, or permanently move…

reverse mortgage

Why Home Equity is Your Strongest Weapon Against the Economy

Economic hardship is not news to many seniors. Most of us feel stress about our finances. At the top of our concerns? We believe that we will run out of savings in retirement. In fact, the majority of Americans feel this worry. According to the latest findings from Northwestern Mutual’s 2016 Planning & Progress Study,…

Money Talks

Money Talks, But Do You Speak the Language?

Have you ever traveled to a place where they speak English, but the people have a heavy accent and a different dialect? You have a vague and slowly formed idea of what they are saying, but it can make you feel confused. Or, do you remember what it felt like the first time you tried…