Retirement News, Information and Guidance

reverse mortgage checklist

Reverse Mortgage Checklist: Big Questions to Ask if You Are Considering this Loan

Your house is your: Home. Heart. Hopes. Dreams. Legacy. Wealth. Future. So, the decision to get a reverse mortgage is not something to take lightly. They can sound almost too good to be true but getting a reverse mortgage is a huge financial decision. So, how do you know if a reverse mortgage is right…

compare annuities

How to Compare Annuity Plans: Choosing the Right Annuity for You

Annuities can be a tricky purchase. You need to compare annuity plans to find the right option for you.  But, there are many different products – fixed annuities, variable annuities, tax-deferred annuities, guaranteed annuities, inherited annuities, equity indexed annuities and more. How do you even begin to go about comparing annuities? Estimate how much income…

pension vs. lump sum

Lump Sum vs. Pension: Which is the Better Option?

One of the most frequent questions from pension recipients is: “Our employer gives us a choice of either a pension or a lump sum when we retire. Which is better?” You will have to get out a pencil and hand calculator to find the better choice, and it’s dependent on a lot of factors. Here…

8 Ways to Invest in Real Estate for Retirement

Let’s get real about investing in real estate for retirement. Investing of any kind can be complicated at any point in your life. However, investing in or near retirement can be especially arduous. At retirement you need your assets to be relatively free of risk while keeping pace with inflation. In many cases, you need your…

home equity for retirement

How to Use Your Own Home Equity for Retirement Income, Cash, Leverage or a Back Up Plan

If you own a home, it was likely one of the smartest lifelong financial moves you have ever made. In addition to providing a safe haven for living your life, it is also a forced savings account and a hard asset that can appreciate over time. However, did you know that it is also a…

how to retire well

How to Retire: 19 Things You Need to Do Just Before and After You Retire

Retirement is one of the biggest things you will ever do. And, how to retire well is the big question. If you want to know how to retire, here are 19 important things you should do just before and after you retire for a happy and secure future: 1. Create, Maintain and Evolve Your Retirement…

Podcast: Michela Abrams — Planning for the Unexpected

Episode 23 of the NewRetirement podcast is an interview with Michela Abrams, the former CEO of Dwell Magazine. They discuss dealing with sudden life changes, planning for the unexpected, design and re-invention. Michela lives here in Mill Valley California and joined us live in studio. We cover her evolution as a silicon valley executive to…

reverse mortgage interest rates

The Complete Guide to Reverse Mortgage Interest Rates and Fees

Many people are concerned about the costs associated with a Reverse Mortgage, as well as the impact interest rates have on both how much can be borrowed now and the future balance owed. However, if you want or need equity from your home, are not willing to relocate to a smaller home, don’t want to…

CCRC continuing care retirement community

55+ Communities: What Are Continuing Care Retirement Communities?

The decision to relocate in retirement is huge — especially since you literally have a world of options. You can retire anywhere and into a wide variety of housing types. Live and travel in an RV. Buy a big beach side home. Relocate abroad to financial or lifestyle reasons. Downsize to a small apartment. Buy…

retirement manifesto

What is Your Retirement Manifesto?

A manifesto is a declaration of an individual or group’s intentions and motivations. Most big life events involve some kind of manifesto — whether you call it that or not. Contracts, wedding vows, employment agreements are all declarations of your intent. Retirement is actually an ideal time to write a manifesto. Retirement is your time…

Empty Nest

Empty Nest? Why It’s Still Not So Easy to Fill Up Your Retirement Nest Egg!

So, what type of empty nest parent are you?  Are you: Super proud that they are setting out on their own? Still supporting them financially? Relieved and happy to have more time on your own? Sad and lonely that your children have flown the coop? Guessing that they’ll be back shortly? Shrewdly calculating how much…

The Retirement Switcheroo: 6 Tips to Flip Your Mindset from Saving to Efficient Spending!

Retirement is a big deal and a huge life change. You have a whole new lifestyle and need a very different way of thinking about your money. In fact, your financial mindset needs to get flipped upside down. You need to go from a focus on accumulation (saving, saving, saving) to spending (efficient use and…

retirement calculator with pension

Retirement Calculator Including Pension

While pensions are not nearly as common as they once were, they are a very important part of the retirement plans for many of society’s most valued workers: teachers, police officers, fire fighters and more!  However, it is surprisingly hard to find a reliable retirement calculator including pension. Whether you have a state retirement pension,…

Is Tom Selleck Telling the Truth About Reverse Mortgages?

Tom Selleck By Alan Light [CC BY 2.0] Wikimedia Commons If you watch TV at all, you have probably seen a commercial featuring Tom Selleck talking about reverse mortgages. No matter what he is saying, there is something about his voice and direct gaze that really does pull you in. In one spot, he is…

Podcast: Ken Goldberg & Eric Brewer – AI, Automation and the Future of Work

Episode 22 of the NewRetirement podcast is an interview with Ken Goldberg, a Robotics Professor from Berkeley, and Eric Brewer, a VP at Google and a Professor of Computer Science at Berkeley. We discuss Artificial Intelligence, Robots, Automation and the Future of Work. We’re live in studio in Mill Valley CA and we cover the…

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…

Winter Got You Down? Make a Sunnier Climate a Retirement Reality

Rain. Snow. Sleet. Cold. Once the coziness of winter holidays passes, dark weather can weigh heavily on our psyches.  However, when you retire, you have more freedom to seek and enjoy sunnier or more temperate climates. What’s holding you back? Here are nine tips, tricks and things to consider when thinking about a warmer location…

preparing for retirement

Feelin’ Groovy? Slow Down. Don’t Move Too Fast Preparing for Retirement

It seems that we are “feeling groovy” these days about our retirement prospects. Groovier and groovier over the past few years in fact. The Employee Benefit Research Institute’s (EBRI) retirement confidence survey reports that the percentage of workers who feel very or somewhat confident about having enough money to live comfortably in retirement has been…

Podcast: White Coat Investor Dr. Jim Dahle – Top Retirement Lessons

Episode 21 of the NewRetirement podcast is an interview with Dr. Jim Dahle — a hockey playing emergency room doctor based in Salt Lake City Utah who runs White Coat Investor in his spare time. We dive into personal finance and retirement issues like how do you know if you’ve saved enough, what’s a safe…

types of reverse mortgages

How Many Types of Reverse Mortgages Are There?

Reverse mortgages are often talked about as a means to increase cash flow by tapping into home equity in retirement. But have you heard the full story? Do you know there’s more than one type of reverse mortgage? There are many types of reverse mortgages.Does one open the door to financial security for you? There…

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…

life after retirement

Prepare for Life After Retirement: 4 Ways to Find Meaning and Purpose for this Stage of Life

While we’re in the daily grind of working for a living, we often visualize life after retirement as happy, stress-free relaxation.Getting a little R&R is certainly important, but there is a limit to the amount of napping, puttering around the house and daytime television a person can take. Without a plan for life after retirement,…

Podcast: Rick Ferri – What Does the Future of Financial Advice Look Like?

Episode 20 of the NewRetirement podcast is an interview with Rick Ferri — CFA, author, and founder of Core-4 — and discusses Ferri’s perspective on investing and the future of financial advice after being in the industry for three decades. They address the difference between investing strategy and investing philosophy, advisors as legal fiduciaries and…

stock market correction

How Much Should You Worry About a Stock Market Correction? Numbers and Tips for Weathering a Financial Storm

The past month has seen some wild dips in the stock markets. Nothing yet too terribly miserable for most, but enough to make us jittery. Should we be worried about a stock market correction? The easy answer is yes. After all, investing in the stock market is inherently risky and today’s world feels more unpredictable…