Author: Editorial Team

laid off due to coronavirus

Laid Off Due to Coronavirus? Here Are 9 Tips for Navigating this Uncertain Time as You Look Toward an Early Retirement (or Not)

The current economic reality is somewhat dire and the projections can seem scary. A lot of people have been and will be laid off due to coronavirus. Should this mean an early retirement for you? For most, being out of work right now is probably just a temporary situation. However, you may be using this…

Will the Coronavirus Impact on Investment Markets and the Economy Be Particularly Difficult for Retirees and People Close to Retirement?

Here are some thoughts from Jim Seifert on the economy and retirement amid the coronavirus crisis. Jim was a serial entrepreneur from age 17 until age 40. After which he was a financial Advisor for RBC Investments and Merrill Lynch Bank of America from 40 until 58.  He has an MBA and CFP(r) and worked…

catch up contributions

A Powerful Retirement Saving Secret: Use Tax Advantaged Catch Up Contributions When Over 50

Most of us are pretty stressed by the need to give our savings a big boost as we approach retirement.  Guess what? There is actually a relatively little known retirement savings strategy that can really help: Catch up contributions. Catch up contributions are the IRS’s way of making it easier for savers age 50 and…

The Grapes of… Roth Conversion: A Fruitful Strategy for Retirement Wealth

Tax deferred? Tax free? Tax advantaged? It might sometimes feel a bit taxing to think about the tax implications of a Roth conversion. However, it is probably worth your brain power because a Roth conversion can be tremendously beneficial in the right circumstances. What is a Roth Account? A Roth account is a type of…

reverse mortgage lending limits

2020 Reverse Mortgage Lending Limits Increase: More Money for Some Borrowers

The maximum reverse mortgage lending limit is increasing for 2020, allowing retirees with substantial home equity to get more money than was available in previous years. Reverse mortgage lending limits raised to an all time high. A reverse mortgage enables homeowners age 62 and older to access their home equity in the form of a…

retirement gifts

Retirement Gifts: Find Thoughtful and Funny Retirement Gift Ideas

There are so many great retirement gift ideas. Browse this list for meaningful, funny and thoughtful retirement gifts. Retirement is a Big Deal… So, Find the Best Retirement Gift Of all the life transitions that merit gifts — graduation, marriage and the birth of a baby — retirement might be the most significant change and…

Retired, Abruptly: Here Are the Lessons I Learned

This piece comes from Scott Allen who is now five years into enjoying his retirement and pursuing more active work and service opportunities. My retirement did not go according to plan.“Involuntarily separated from the organization” was the official, legal term for my then, current, employment situation. “Smoked, like a Hormel canned ham” was how my…

Tax, Medicare and Social Security Updates — November 2019

  We just rolled out several significant retirement planner updates and recommend that you review your plan to see how the improved modeling impacts your forecast. Explore potential opportunities before year end. The improvements described below will allow you to explore ways to potentially save money on Federal & State taxes through strategies like Roth…

When is the Best Time to Get a Reverse Mortgage? Wait or Act Now?

You might be surprised by how many people are interested in learning about reverse mortgages. There are borrowers from every state, from a wide variety of socioeconomic backgrounds and the ages of borrowers range anywhere from 62 to 95 and older and everything in between. One thing everyone struggles with is when is the best…

cut retirement costs

20 Ways to Cut Retirement Costs: When You Are Rich in Time It’s Easy to Spend a Little Less

Most of us could benefit from cutting retirement costs.  Now is the time to really know what you are spending and assess your budget. When living on a fixed income in retirement, it is very important to make sure that your income does not exceed expenses. Living more frugally can be done no matter your…

retirement survival pack

10 Expected and Unexpected Ways to Use a Reverse Mortgage

From improving cashflow to curing loneliness or installing a whirlpool 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…

best retirement

Do You Even Have What it Takes? 8 Skills You Need for a Fantastically Happy Best Retirement

Here is some good news: you don’t necessarily need $1 million dollars for a successful retirement. So, what you do need? We did a little digging and here are 8 important skills that will enable you to achieve financial security, health and the best retirement possible. Find out if you have the skills… to pay…

Reverse Mortgage Calculator

Reverse Mortgage Calculator | How Does It Work

On this page you’ll find lots of information about reverse mortgages, a link to our reverse mortgage calculator, and examples of reverse mortgage calculations. Use this guide to reverse mortgage calculations to help understand: How Much Money Can I Get from a Reverse Mortgage? Understanding Reverse Mortgage Calculations Why Isn’t My Reverse Mortgage Loan Amount…

how do you qualifiy for a reverse mortgage

How Do You Qualify for a Reverse Mortgage?

Read on to find out “How do you qualify for a reverse mortgage?” Qualifying for a Reverse Mortgage is relatively straightforward. The requirements are clearly specified by the U.S. Department of Housing and Urban Development. Reverse Mortgages are an increasingly popular loan type for older adults. The loan enables the borrower to eliminate monthly mortgage…

reverse mortgage checklist

Reverse Mortgage Checklist: Big Questions to Ask if You Are Considering this Loan

Your house is your: Home. Heart. Hopes. Dreams. Legacy. Wealth. Future. So, the decision to get a reverse mortgage is not something to take lightly. They can sound almost too good to be true but getting a reverse mortgage is a huge financial decision. So, how do you know if a reverse mortgage is right…

Thank You John C. Bogle for the Bogglingly Significant Legacy to Retirement Planning

John Bogle died on Wednesday. He was the founder of the Vanguard Mutual Fund group. However, his real legacy is not in how he built a $4.9 trillion investment company but rather how he led a new way of thinking about retirement investing. Want to be a successful investor?Just buy the haystack (and thank John…