Celebrating Retirement Most Popular
New Reverse Mortgage Calculator:
How to Assess Your Suitability for these Loans
A reverse mortgage is a loan. You are borrowing against your home equity. However, unlike traditional mortgages, with a reverse mortgage you do not have to pay back the money borrowed as long as you are living in the home. For many senior households, housing is usually the most costly expense as well as the…
The New Retirement Plan That
Banks Don’t Want Seniors Knowing
You may be surprised to find out how much money seniors can receive through a Reverse Mortgage. Still unknown to many, this brilliant retirement method is helping senior citizens across the country by eliminating their monthly mortgage payments and putting cash in their bank account through what’s called a “Reverse Mortgage Loan”. You can bet…
Famous Retirement Quotes, Funny Retirement Quotes, Inspirational Retirement Quotes
You’ll Laugh (or Cry) When You Read These Famous Quotations About Retirement As you plan retirement, figure out what to say in a retirement card or write a retirement speech, you will enjoy reading quotations and funny sayings about this phase of life. Over 60 retirement quotes are found below. However, if you are looking…
3 Underreported Facts about Reverse Mortgages
Mapping your path to a comfortable retirement calls for personalization. At its best, financial planning for this life phase should resemble a shopping trip: you decide your priorities, set your budget, then make selections from an array of offerings based on your needs. As with hitting the stores, tastes and desires in planning for retirement…
Average Retirement Income 2016: How Does it Compare to Your Plans?
The average retirement income is probably a lot less than you think. As surprising as it might sound, the average American’s retirement income is barely over $1,500 per month or about $18,000 annually, according to the Pension Rights Center. Retirement Income Does Not Grow on Trees… Depending on where you live, that might not even…
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…
Average Retirement Income 2019: How Do You Compare?
As more and more baby boomers head into retirement, there is a growing conversation about how to generate adequate retirement income from retirement assets. Even with some good economic news, many of us are going to come up short. Retirement income doesn’t grow on trees… But you can make it grow! According to the most…
Average Retirement Income 2017: How Do You Compare?
Where will your retirement income 2017 come from? The Big Takeaways… Research suggests that many retirees are living on remarkably little, though there are some proven strategies for boosting income in retirement. For households aged 65-74, median income was $47,432 while average income was $68,905. You can quickly see how your income stacks against others…
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…
Jobs for Seniors: What Are the Best Jobs After Retirement?
So, for either financial or personal reasons you think you might want to work past the traditional retirement age of 65. Read below to get answers about the best jobs for seniors: Are there many options for work as a retiree? How do you find the right jobs after retirement? The Big Takeaways… It’s important…
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…
What is a Reverse Mortgage? Who is Behind these Loans?
A reverse mortgage is a loan taken against the equity that you have in your home. If eligible, older Americans can use a reverse mortgage to help them offset mounting costs or simply provide an additional revenue stream in retirement. What is a reverse mortgage? The financial tool enables qualifying homeowners aged 62 or older…
New Reverse Mortgage Requirements Coming in 2015
If you’ve been considering a reverse mortgage, there are big changes coming in 2015 that you’ll need to know about. Most reverse mortgages are insured by the U.S. Federal Housing Administration. As a product of this, the loans are guaranteed by the government, adding a level of protection for borrowers. It also means the government…
What Happens to a Reverse Mortgage After Death or When a Reverse Mortgage Becomes Due?
It’s well-known that many Americans (more than half, actually) are far from prepared for retirement. So, to fill gaps in their retirement income, some are finding that reverse mortgages can fit into their financial planning. But, like any financial product, reverse mortgages can be complex and must be fully understood by borrowers. For starters, a…
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…
Dave Ramsey Tells You How Much Money Do You Need to Retire Comfortably
There’s a peace of mind that comes from knowing where you are and where you’re going. The Big Takeaways… There’s no single amount that people need to retire comfortably, and it’s important to consider the lifestyle you want in retirement versus what you need to get by. The earlier you calculate what you have (and…
The Retirement Calculator for Married Couples (or Any Couple)
Retirement planning is complicated. Retirement planning when you are married — or part of any kind of committed couple — is doubly complicated. You need to use a retirement calculator for married couples. Or, a retirement calculator for couples. When you are part of a couple, there are literally double the financial considerations. Furthermore, your…
Pros and Cons of Annuities – How to Evaluate Annuities for Your Retirement
The Big Takeaways… Annuities are a great way to provide guaranteed lifetime income in retirement while hedging against inflation and other financial woes. Though less risky, annuities generally yield lower returns than other investment products, and often come with high fees, so it’s important to do your research before buying. You can quickly figure out…
How Much Should You Save for Retirement? Orman, Ramsey and Other Financial Gurus Answer
Retirement savings can seem like a very complicated matter. But some of the most well-known and respected financial minds like Suze Orman, David Ramsay and others say it’s really not that hard. The difficult part is the saving; sorting out how much to save is simple. Saving for retirement doesn’t have to be difficult. The…
11 Ideas for Living on Social Security Alone
Living on Social Security alone is not only possible, many retirees already accomplish that very feat every year. And, while the lifestyle associated with a Social Security income isn’t exactly luxurious, it doesn’t have to equal peanut butter sandwiches for the rest of your life, either. How you make living on Social Security alone work…
How Reverse Mortgages Work: Do You Agree With the Top 6 Reverse Mortgage Objections?
At NewRetirement we understand that it is almost impossible to save enough cash for retirement. We hear awful stories of seniors suffering financially. However, many of you have paid off or paid down your mortgages and actually have substantial savings in your home equity. You are just not interested in using it even though this…
The 10 Best Retirement Calculators
Retirement planning has never been more complicated. With changes in the economy and uncertain times ahead, you might think you need a finance degree to get it right. But then again, it’s never been so simple. Fortunately, there are tools called retirement calculators that help clear the murky water. A quick Google search will show…
Find Lost 401k: How to Find Out If You Have Lost or Forgotten Retirement Accounts
Here is a guide for how to find lost money — a lost 401k or other unclaimed retirement benefits. The Big Takeaways… Each year, it’s estimated that more than 900,000 401(k) accounts go unclaimed, in addition to $300M in unclaimed pensions. The simplest ways to find your lost 401(k) is by contacting your previous employer,…
Who Wants Reverse Mortgage Information? Why? And, What Can They Get from These Loans?
Reverse mortgages are popular financial products and popular debate topics. Many people get a reverse mortgage to help finance retirement while some argue their value. However, it seems that everyone wants reverse mortgage information and to estimate their potential reverse mortgage loan amounts. Who are these people? What does a reverse mortgage offer them? Why…
Reverse Mortgage Facts: 3 Reasons These Loans Are Growing in Popularity
Reverse Mortgage Facts: Reasons these loans are growing in popularity. Reverse mortgages are not for everyone. But, as more and more Americans retire, they are likely to be more and more popular as a way for people to tap into their largest asset as they age. Until recently, reverse mortgages have been portrayed by the…
