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  It is not like you don’t WANT to plan for retirement, right? There are real reasons that make planning for retirement difficult. Taking the first step toward retirement planning might seem like pursuing a major lifestyle change — it sounds intimidating, and you may not know where to start. But there are easy first…

Noticing an increase in the number of unprepared Americans beginning to retire, federal and state governments are launching special programs to help. According to the New York Times, 17 states are exploring simple, low-cost savings plans that would allow workers to direct pre-tax earnings into retirement accounts to help guard against future risk—and help protect…

The retirement years are supposed to be golden. There’s time for travel, relaxation, trying out new hobbies, and perhaps even starting a whole new career. Financial worries shouldn’t factor in heavily how you choose to spend your retirement. But for many people, that’s exactly what happens. Reverse mortgages for seniors might be the answer. A…

In much of life, there’s a tendency to compare your lifestyle to others, whether it’s the size of your house, the kind of car you drive, or where you go on vacation. Now, financial firms are asking whether keeping up with the Joneses might actually be a good strategy when it comes to saving for…

How do you know if a reverse mortgage is right for you? Reverse mortgages have a reputation as a tool for retirees that are tight on funds and more recently as a tool that can help people who have saved more for retirement, but they are not for everyone.
In this infographic, we explore eligibility requirements and all the uses for a reverse mortgage, along with some alternatives in case it is not the best option for you.
Read on to find out how to have a rich retirement.

Veterans and service-members approaching retirement age may need to take a slightly different strategy to financial planning relative to their civilian counterparts, factoring in time spent in the service, pensions, and other available benefits. Career military servicemembers who serve 20 or more years are eligible for a pension that includes annual cost of living adjustments…

Leading up to retirement, many people focus on building up enough wealth to last throughout their golden years. But the focus should be on something a Nobel Prize winner in economics says is even more important: creating income throughout retirement. Without this attitude, your retirement could be a disaster. “The seeds of an investment crisis…

You have probably read and reread that you should delay the start of your Social Security benefits until at least your full retirement date (typically around age 66 if you are retiring soon). This advice is probably good for most people because delaying the start of benefits increases your monthly Social Security checks for your…

You may have recently seen a new reverse mortgage ad on TV.  It talks about the new reverse mortgage.  Is it really new?  The answer is both yes and no.  Reverse mortgages have evolved considerably, but they are still a product that help older Americans fund retirement by enabling them to tap into some of…

Not all Baby Boomers are headed for a retirement community as they get older. In fact, many are finding walkable, action-packed urban areas as the perfect setting for aging in place, according to recent U.S. Census data analyzed by Trulia. Trulia’s big finding: Baby Boomers, defined as adults between the ages of 50-69, are getting…

On July 4, an Arkansas woman celebrated her 116th birthday and was named the oldest confirmed living American. While that’s old by any standard, birthday girl Gertrude Weaver is actually the second-oldest person in the world—a sign of global longevity trends; we are living longer now than we ever have before… and paying for these…

New changes to the government’s reverse mortgage program will provide more money to most new borrowers as long as interest rates remain low. The Department of Housing and Urban Development (HUD) announced on Friday a new set of principal limit factors. Principal limit factors are the calculations used to determine the amount of money borrowers…

Reverse mortgages are financial products utilized by hundreds of thousands of older Americans. However, it appears that many borrowers are reticent to talk about the loans with their peer group. NewRetirement recently conducted a small survey of prospective borrowers and found that the majority did not intend to tell friends about the loans and only…

People who are preparing to retire likely have several notions of what they expect retirement to be like. But a new study from Merrill Lynch in partnership with Age Wave reveals a few common myths about work and retirement —along with today’s reality. Researchers examined four retirement job myths and explored their corresponding realities, along…

I am Griffin.  My Dad is the founder of this web site — NewRetirement.com.  He and I recently spent a few days hiking in the Sierra and we met some inspiring retired people What do you plan to do in retirement? Rachel here has decided to hike the Pacific Crest Trail, one of the longest trails…

Old age is often considered a time of decline, but older adults around the world are filling their golden years with amazing accomplishments. Scroll down to watch five inspiring videos that prove life doesn’t end after 50. 1. The Rockin’ Runner Most people won’t ever run a marathon, but in June 2014, Charlotte, N.C. resident…

Many people are all too familiar with the past few years’ economic crisis, but fewer realize that there’s another, potentially worse dilemma looming: the retirement healthcare crisis. As the nation’s 78 million Baby Boomers head toward retirement age, federal budgets for Medicare and Social Security are expected to be strained. At the same time, many…

Nearly three-quarters of grandparents think it’s important to help their grandchildren pay for college, according to new research from Fidelity Investments, but the ability to financially contribute to college education requires planning ahead. Many grandparents value college education and believe it’s an important component for providing young people with the best opportunity to succeed, indicates…

When considering a financial product or loan of any sort, one of the first things to do is find a reputable company or lender to work with. This can be especially important for someone interested in taking out a reverse mortgage, a loan designated for borrowers age 62 and older. The importance of identifying a…

It’s a well-known fact that a small percentage of people control the majority of wealth in the United States. But all investors can take cues from high net worth individuals when it comes to investment and money management. Here are four ways to invest like the wealthy and hopefully get richer in the process: 1.…

Despite hundreds of thousands of older Americans taking out reverse mortgages and surveys showing that these retirees are happy with the results, some people still have a strong distaste for them. In nearly every case, if you dig a little deeper, much of the hatred for reverse mortgages comes from misunderstanding or lack of knowledge…

More than half of all Americans worry they won’t have enough money during retirement, but women are more at risk of this than men. More than half (52.6%) of women age 65 and older are considered “economically vulnerable” compared to 41.9% of men in the same age group, according to the Economic Policy Institute’s 2013…

New research shows that the reverse mortgage will become an essential must-have tool for retirees. The reality is that many Americans have saved very little for retirement, which will require them to tap the biggest asset: their home. The good news is that seniors in the United States enjoy the highest rates of homeownership, with…

Have you been considering a reverse mortgage loan, but you’re not quite sure if it’s the right fit for you? Home Equity Conversion Mortgages (HECMs) are insured by the Federal Housing Administration and allow qualified homeowners to borrow against the equity they’ve built up in their homes in the form of a non-recourse loan. The…