Retirement News, Information and Guidance

4 Ways to Help Your Grandchildren Financially

Once you have solidified your own retirement plan and have saved enough, you may find yourself in the position to want to help your grandchildren. You may want to help them with the financial burden of paying for college or reward them down the road for meeting various goals. There are many different avenues that…

oldest olympians

Oldest Olympians at the 2016 Games in Rio

Think Olympic glory is behind you?  You might be surprised by the ages of the oldest Olympians. There are at least a handful of Olympians in their sixties competing in Rio this year.  However, they are not breaking any records.  Olympic athletes have been getting relatively younger — not older. The oldest Olympic athlete in…

Retirement Income Streams

5 Tips for Creating Retirement Income Streams

Americans are living longer than ever. That’s mostly great news for older adults.  You now have more opportunities to enjoy family and enrich your community. However, we are all concerned about outliving our money.  Having retirement income streams to meet expenses for as long as you live is a significant concern. Most articles on retirement…

reverse mortgage

Reverse Mortgage Limits: The Government Limits How Much Money You Can Get in the First Year

The government-insured reverse mortgage program has undergone major changes in the last few years to better protect borrowers, including one that limits how much money borrowers can get in the first year of the loan. What?!?!???  Less money? How limited is access to your own home equity? Why is limiting how much money you can…

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…