News, Information and Guidance

decision to get a reverse mortgage

Should You Tell Family or Heirs About Your Decision to Get a Reverse Mortgage?

The only people you NEED to tell about your decision to get a reverse mortgage are those who are living in your home with you.  However, there are many benefits to sharing your decision with other family members – especially potential heirs. Here are 5 reasons why you might want to tell your loved ones…

7 Creative Ways to Retire: Even Without Adequate Savings

If you think you haven’t saved enough for a truly secure retirement, think again.  The impossible could become possible with these 7 creative ways to retire. 1. Take a Mini Retirement or Gap Year If you are emotionally or psychologically ready for retirement, but your finances are not quite there, you might consider exploring taking…

Shocking Retirement Statistic: Americans Hold 58% of their Investible Assets in Cash

Of all the tactics you can use to achieve a secure retirement, one of the easiest things you can do is to invest your money and earn returns on that investment.  Doing this requires virtually no sacrifice, compromise or a lot of work. However, a new study from BlackRock finds that Americans hold 58% of…

reverse mortgage trade offs

What Are You Giving Away When You Get a Reverse Mortgage?

Many people say that reverse mortgages are just too good to be true. However, over 1 million retirees have secured these loans and a recent study from Ohio State University finds that the vast majority of people who get a reverse mortgage are “satisfied” or “very satisfied” with their decision. When you get a reverse…

life insurance for retirement

7 Instances When You Will Want Life Insurance for Retirement

A frequent question among those nearing and in retirement is: Do I need life insurance for retirement? The answer, like most financial planning related questions, is that it depends.  When you are working, the purpose of life insurance is to replace your income or pay off large debts in order to help provide for your…

Podcast: Big Picture Retirement Interviews Stephen Chen, Founder of NewRetirement

The Big Picture Retirement Show is a podcast about retirement and estate planning by Devin Carroll and John K. Ross. Devin has been helping people with money related stuff for a while.  In addition to his ownership role at Carroll Investment Management, he’s also the Chief Compliance Officer and half owner of Cogent Advisory Group, an…

retirement shortfall

How Much of the Global $400 TRILLION Retirement Shortfall Belongs to You?

A massive retirement shortfall is developing — and it is a much bigger problem than your own possible lack of sufficient retirement assets. If you are lucky, your retirement savings can be measured with 6 zeros — meaning you a millionaire and probably well prepared for retirement.  However, most of us measure our retirement savings…

average inheritance

Average Inheritance: How Much Are Retirees Leaving to Heirs?

Many of us would like to leave behind something to our heirs.  But, first things first, we need to fund our own lives in retirement and that can sometimes seem nearly impossible.  This article explores average inheritance numbers.  Do you expect to be above or below average? Average Inheritance in the United States Different studies…

Net Unrealized Appreciation

Net Unrealized Appreciation (NUA): The Tax Smart Way to Handle Company Stock in a Rollover

If you  have company stock in a 401(k), you will want to learn about Net Unrealized Appreciation (NUA) and how to minimize taxes when you rollover these funds to an IRA. Should You Rollover? Once you leave a job, or reach age 59 ½ you have the option to move your 401(k) into an Individual…

The Psychology of Retirement

You’ve been working for over 40 years and now you’re approaching retirement. You have friends who have retired. Some seem happier than others, and you wonder what it will take for you to be happy in retirement. To help us understand the psychology of retirement, here is an interview between Gary Foreman of DollarStretcher and…