News, Information and Guidance

reverse mortgage mistakes

Are Reverse Mortgages a Colossal Mistake?

Reverse mortgages are loans — a type of home equity loan. You are borrowing your own home equity while retaining home ownership but unlike a traditional home equity loan, there are no monthly mortgage payments. The money you borrow and interest accumulated is repaid when you no longer reside in the home.

average retirement income 2017

Average Retirement Income 2017: How Do You Compare?

No matter what the average retirement income 2017 data shows, one thing is for sure: many retirees today are living on remarkably little and many are sacrificing essentials to make ends meet. Where will your retirement income 2017 come from? There is some good news though.  According to Fidelity’s most recent retirement readiness survey, “people…

Social Security Tricks

Social Security Tricks: Ace the Ultimate Marshmallow Test

It is no secret that delaying the start of your Social Security benefits will probably pay off big in the long run.  However, most retirees eschew the advice and start getting Social Security paychecks almost as soon as they are eligible. According to a report by the Center for Retirement Research at Boston College, 90%…

better retirement

What You Can Learn from Millennials for a Better Retirement

According to the Pew Research Center and the U.S. Census Bureau, Millennials have surpassed Baby Boomers as the largest living generation. There may be a lot of them, but what can this hip, dreaming and some say lazy generation tell us about having a better retirement?  It turns out that some of their ideas will…

Retirement Checklist

Your End of Year Retirement Checklist

Feeling frazzled by holiday fanfare?  Do you also have nagging worries about your retirement plans? One of the best ways to control stress of any kind is to make a list and check it twice.  And we have done that for you. Here is a handy end of year retirement checklist — 9 things you…


No Laughing Matter: Minimize the Impact of Required Minimum Distributions (RMD)

When we reach the age of 70 ½ we must — in order to avoid tax penalties — take Required Minimum Distributions (RMD s) from IRAs, 401ks and other types of tax advantaged accounts — all  retirement accounts funded with pre-tax contributions. So what exactly is a “Required Minimum Distribution?” Let’s break it down: Required —…

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…

Are Social Security Benefits Taxable

Are Social Security Benefits Taxable? What to Watch Out For

Thanks to Devin Carroll, of , for his expertise and contribution to this article… Are Social Security benefits taxable? You may be surprised to learn that the answer is yes. Most of us assume that Social Security is tax-free. After all, you’ve been putting money into the system over the course of your career….

Trump and Your Retirement

6 Ways President Donald Trump Will Impact Your Retirement

This has been quite an election. Zigs and zags and surprises. It is too soon to be certain of anything, but if you are retired or near retirement, here are a few things to watch based on the Trump’s plan for his first 100 days in office. Your Retirement Savings The U.S. stock markets were…