News, Information and Guidance

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…

retiring before 62

Retiring at 62 or Before? 9 Ways to Cover Your Health Costs for an Early Retirement

There are a lot of hurdles to overcome when figuring out how to retire early — before 65. However, early retirement health care is one of the most challenging. Medical care is going to be expensive no matter when you retire, but the picture is more serious for those who retire early, by choice or…

reverse mortgage lending limits

2019 Reverse Mortgage Lending Limits Increase: More Money for Some Borrowers

The maximum reverse mortgage lending limit is increasing for 2019, allowing retirees with substantial home equity to get more money than was available in previous years. Reverse mortgage lending limits to remain high. A reverse mortgage enables homeowners age 62 and older to access their home equity in the form of a loan. Unlike a…

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 talk to your loved…

Say Hello to PlannerPlus Reporter: Look at Your Retirement Plan in a New Way!

We at NewRetirement are happy to announce delivery of some of the most requested retirement planning features: a printable report and downloadable data. PlannerPlus subscribers can now use PlannerPlus Reporter to: Download your retirement plan data into a spreadsheet for your own custom analysis Print a personalized report to peruse on your own or with…

reverse mortgage disadvantages

Reverse Mortgage Disadvantages and Advantages: Your Guide to Reverse Mortgage Pros and Cons

For many people, a Reverse Home Mortgage is a good way to increase their financial well-being in retirement – positively affecting quality of life. And while there are numerous benefits to the product, there are some drawbacks — reverse mortgage disadvantages. Reverse Mortgages are providing improved financial security, a better lifestyle and real financial relief…

reverse mortgage calculations

Calculating a Reverse Mortgage: What is it and How Does It Work?

A reverse mortgage is a federally insured loan for homeowners who are 62 years of age and older. On this page you’ll find lots of information about reverse mortgages and a link to our reverse mortgage calculator. Use this guide to reverse mortgage calculations to help understand: How Much Money Can I Get from a…

retirement insurance

6 Types of Insurance for a Worry Free Retirement

Saving money is hard enough. No one wants more bills to pay, especially when you’re on a fixed or limited income.But insurance is something of a necessary evil. And certain insurance plans can help you live out your golden years as worry-free as possible — a worthy investment in your well-deserved break from workaday reality….

What is a Reverse Mortgage Line of Credit?

Can a reverse mortgage line of credit provide financial security? A reverse mortgage line of credit is exactly what it says it is… It is a line of credit on a reverse mortgage.  Mmmm… that doesn’t really clear it up at all, does it? Reverse mortgages can be difficult to understand.  We’ll break it down…

The Biggest Retirement Planning Mistakes Boomers Made and How to Fix Them

Data from the Insured Retirement Institute (IRI) suggests that Baby Boomers are pretty busted and busted up about their retirement prospects.  Boomers have made some big retirement planning mistakes — even beyond giving away their record collections.  (You didn’t really do that, did you?) The results of the IRI survey reveal that many Boomers have…

Celebrate Retirement with These Retirement Party Ideas! The Best Tips for Planning a Memorable Retirement Commemoration! Fete! Gala! Get Together!

One of the best ways to celebrate retirement is with a retirement party.  Retirement is a huge milestone and a great reason to celebrate.  Throw a party for yourself, get a friend to do it for you.  Celebrate a friend or family member with the best party planning ever! The Big Takeaways… When planning someone’s…

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. This false “loan of last resort” reputation reduces reverse mortgage use among many retirees who stand to benefit from tapping into their home equity. However, several recent developments have transformed these products into viable financial planning tools. New…

Reverse Mortgage Myths Debunked — You Still Own Your Home and Have Home Equity

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…

transition to retirement

10 Exceptional Tips for the Average Joe or Jane as You Transition to Retirement

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

Social Security and Working: Everything You Need to Know

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…

best time to get a reverse mortgage

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…

Managing money retirement

10 Great Money Management Tips for Your Retirement

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…

best retirement investments

The 10 Best Retirement Investments that Don’t Involve Stocks, Bonds or Any Other Financial Product

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….

retirement income 2018

Average Retirement Income 2018: How Do You Compare?

Retirement income doesn’t just grow on trees… But you can make it grow! The Big Takeaways… Overall, average retirement income has increased in the past year, likely due to gains in the stock market and rising home prices. That being said, lowered interest rates have cut into the ability for retirees to save as much…

how to make money in retirement

How to Make Money in Retirement: 14 Real and Really Easy Ways to Boost Income

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…

reverse mortgages in 2018

What’s New for Reverse Mortgages in 2018

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,…

excess income

New Feature in Retirement Calculator Helps You Identify “Excess” Income in Your Retirement Plan

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…

Retirement Income Planning: 12 Strategies for Lifetime Wealth and Peace of Mind

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…

how to plan retirement

How to Plan for Retirement? Just Imagine It — 7 Ways to Achieve a Secure Future

No matter your age — how to plan for retirement is likely a topic that you have pondered and done at least little something about.  You may have saved some money, thought about the best locale for golf (or whatever hobby you will have), figured out when to start Social Security, talked with a financial…

Best of Retirement News

Thumbs Up for the Best Retirement Stories from 2017

Below are the best retirement stories from 2017 — the articles on NewRetirement that our readers liked most from the last year. The 8 Skills You Need for a Fantastically Happy Best Retirement It is not millions you need to be happy in retirement, you need skills. Huh? What skills? Explore the 8 traits that…