For some homeowners over 62 years old, a reverse mortgage can be a great option for improving retirement finances and quality of life. There are, however, quite a few misunderstandings when it comes to these complex financial products. In this article we will debunk a couple myths so you can more clearly decide if a…
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We boomers were never average. As the “me” generation, our uniqueness is a badge of honor. However, approximately 10,000 of us transition to retirement everyday. And, while we each have specific goals, ideas and financial circumstances, there are some things that apply to us all. Here is some exceptional retirement advice advice for the average guy,…
Social Security and working: believe it or not, the two are more or less completely compatible with each other. You can absolutely get Social Security retirement benefits and work at the same time. However, there are a few things that you do need to know. There Might Be Penalties: Work Penalties Will Be Determined by…
In some ways, managing money in retirement gets a little easier than before. You only have the money you have, so your options are somewhat simpler and more limited. On the other hand, the rules of money management shift in retirement so it may seem more complicated to you. No matter whether you find it…
Investing in ourselves doesn’t need to involve money. In fact, many of the best retirement investments do not involve greenbacks at all. Instead, they are investments that use our time to the fullest, allow us to spend precious moments with the people we love, enable us to focus on those things that make us happy….
There is some good average retirement income 2018 news. According to research from Boston College, the percentage of retirees who are at risk of falling short in retirement decreased from 52 to 50 percent. Okay… that is not really tremendously good news. It is indeed a very modest gain. But, the small improvement at least means…
Regardless of where you are in life, it’s always nice to make some extra money. And that is especially true in retirement. But, how to make money in retirement when your supposed to be simply enjoying the easy life? The retirement gigs listed below won’t be quite enough to cover retirement expenses, but they won’t…
According to AAG, the first reverse mortgage was issued in 1961 to a widow in Portland, Maine. A banker, Nelson Haynes of Deering Savings & Loan designed the loan to help the widowed wife of his beloved former high school football coach. The idea behind these loans has always been to help seniors in need. However,…
We keep trying to improve the NewRetirement retirement planning calculaltor so that you can feel good about your future. The latest improvement is a feature that lets you: Find out if you have any future “excess” income built into your retirement plan Specify if the “excess” income should be spent or saved This update could…
We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too. When we retire, everything we have ever experienced about managing our own finances gets turned upside down. We no longer earn as much or any money from work. We have to figure out how to make do with and…
