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…
Retirement News, Information and Guidance
Episode 14 of the NewRetirement podcast is an interview with Jim O’Shaughnessy – founder of O’Shaughnessy Asset Management. We discuss the investing lessons he’s learned from 30 years of investing – partially summarized in this tweet storm and why human behavior is the most predictable (and exploitable) element of the stock market. Listen Now: Don’t…
When most people think about financial and retirement planning, feelings of stress, worry and anxiety rise in our throats. And, this stress exists for good reason. Less than 50% of people have a written retirement plan. The majority of people simply don’t have enough saved for this time of their lives. And, even if you…
We all love reading lists of the best places to retire. They interest us and they make us think about what is possible in retirement. Should you relocate? Or, is staying put one of the best places to retire? Why Relocate for Retirement? Days in a hammock on the beach? Fishing mountain streams? Long afternoons…
An Investment Policy Statement (IPS) is a document that is usually drafted by a financial advisor for their client. An IPS is meant to define: Investment goals Strategies for achieving those objectives A framework for making intelligent changes to your plan Options for what to do if things don’t go as expected Keep your retirement…
Mary Beth Franklin is a nationally recognized expert in Social Security claiming strategies, she is also a frequent public speaker. And, she literally wrote the book (“Maximizing Your Clients’ Social Security Retirement Benefits,”) that retirement planning experts use to advise clients on Social Security. Here she offers you her Social Security expertise with 7 insider…
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…
Your brain is not necessarily set up in a way that makes it easy to plan a secure retirement. You have cognitive biases — faulty ways of thinking that are unfortunately hardwired into your brain — that work against you. Wikipedia lists 185 different kinds of cognitive biases. While they are all probably somewhat damaging…
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….
Episode 13 of the NewRetirement podcast is an interview with Fritz Gilbert — founder of The Retirement Manifesto. Fritz discusses a “Fat FIRE” approach to retirement. Listen in for some great tips on using a bucket strategy, safe withdrawal rates, managing longevity risk, and more. Listen Now: Don’t miss out on future episodes: subscribe on…
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…
Financial freedom. It sounds good. But what is it really? Is it freedom to buy new shoes on a whim? Splurge on fresh strawberries? Buy tickets to the Superbowl? Freedom to never ever work again? Freedom to never worry about money again? True financial freedom is the feeling of being without financial stress. With financial…
Jumbo reverse mortgages – also known as proprietary reverse mortgages – are loans designed and offered by financial institutions that enable owners of high-value homes to access greater amounts of their home equity than is available from the government insured HECM reverse mortgages. Unlike the standard HECM reverse mortgage, jumbo reverse mortgage products generally do…
Episode 12 of the NewRetirement podcast is an interview with Bruce Goldberg. Get the fascinating inside scoop on the real life of a former drug enforcement agent and hear his useful insights on how to retire early and what his life is like in retirement. Listen Now: Don’t miss out on future episodes: subscribe on…
Sometimes it feels like the world is designed for couples. People throw dinner parties for couples. Most forms ask about your spouse. And, let’s face it, retirement and aging — an era when you’ll genuinely sometimes need a helping hand — can feel kind of scary on your own. Whether by circumstances or choice, the U.S.Census…
Figuring out what you are going to do in retirement and how you are going to pay for it is not something you do once and just “forget about it.” You should plan for a quarterly retirement check in. Retirement planning is kind of like owning a house — you put in an upfront investment,…
Spiders. Snakes. The dark. Boogey men. Clowns. It’s likely that you have at least one of these fears. However, if you are around retirement age, then what scares you most is perhaps more menacing and real than any of those things. Transamerica recently published a new survey that lists the greatest retirement fears. Wouldn’t it…
The Internal Revenue Service (I.R.S.) is not usually thought of as an institution that adds a lot of value to our lives — to the contrary in fact. However, a few years ago, the researchers at the Center for Retirement Research at Boston College came up with a simple and relatively safe retirement withdrawals strategy…
Achievement unlocked – learned to wake surfphoto credit: Sebastian Chen I read a great post by Morgan Housel on Useful Hacks — the gist of it is that anything meaningful requires hard work, sacrifice and common sense. (Also got to meet up with Morgan at the Evidence Based Investing conference last week!) Last month I…
Episode 11 of the NewRetirement podcast is an interview with Nobel Prize winner Robert Merton. Professor Robert Merton is a globally recognized economist and expert on life cycle and retirement finance (among other things). We discuss what’s wrong with the current focus on just building assets and why we should focus on retirement income instead….
The road in retirement can have all sorts of twists, turns and probably some pot holes.If you’re not prepared, these bumps have the potential to derail your financial security. However, you can have a contingency plan for when the path gets rocky. A reverse mortgage can be a spare tire for your retirement — there…
We might be getting older, but there is till time for learning some new retirement savings tricks. Do you have enough retirement savings? Are you feeling unprepared? Thanks to the following quick fixes, those worries end now. Old (and not so old) dogs can learn new tricks… Saving for retirement may seem daunting. You are probably…
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…
We have announced this before, but it is true again: the NewRetirement Planner is now better than ever. We are VERY excited to announce the availability of 7 big powerful new features — some part of the PlannerPlus launch — a new premium subscription service. All of these new features are part of our continued…
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…
