Tag: Financial Planning

How Much Time Should You Spend On Retirement Financial Planning?

Would you believe some people give retirement financial planning less attention than planning a vacation, choosing a restaurant, or buying a television? It’s a bit scary, but it’s also true. Retirement isn’t an event, and it’s not something to buy. If you want to keep your current standard of living for the long haul, you’ll…

midlife retirement checklist

Retirement Planning at Midlife: 6 Tips for a Secure Future

Financial planning for retirement takes a more focused turn through your midlife years–from your late 40s through your 50s and into your 60s. At midlife, your income is usually better than when you were younger, and you’ve got more information to work with. If you’re already saving, this period means adding new layers to your…

Rich or Poor, Here’s How To Get the Most Out of a Reverse Mortgage

Reverse mortgages offer retirees a number of benefits. Not only can they provide extra cash flow to support a more comfortable retirement, but when used strategically, they can also protect your investment accounts. Waiting until you’re older works for many folks, but for the wealthy it can be a different story.A reverse mortgage allows homeowners…

Financial Guru Jane Bryant Quinn Recommends a Fresh Look at Reverse Mortgages

Reverse mortgages aren’t what they used to be. Recent program changes have not only made these loans safer for borrowers, but they’ve also made them better financial planning tools. And this has convinced many financial experts to change the way they look at reverse mortgages. One of those experts is Jane Bryant Quinn, one of…

Expert Interview with Mark H. About Financial Planners and Calculators

The tools for financial independence are at your fingertips, as long as you know where to find them. In this interview, Mark H. of SimplePlanning.net talks about financial planners and calculators and how they can help individuals plan for retirement, college, and just about anything else. But savings isn’t all these planners and calculators help…

Annuities

How the Federal Reserve Has More People Looking at Buying Annuities

What could be better than income you can depend on throughout your retirement? That’s why annuities were born, and why so many people have chosen to invest their money in these low-risk insurance products. But a funny thing happened on the way to the bank a few years ago. A zero interest rate policy (ZIRP)…

Best Retirement Plans: 7 End of the Year Tips for a Happy Retirement

 Reassess, review and reallocate for the best retirement plans. The fourth quarter is upon us, which marks the ideal time to start coming up with year-end retirement saving and planning strategies to help beef up your accounts. The best retirement plans are made with the benefit of time and careful consideration. While there are plenty…

Improving your financial literacy

Expert Interview with Vince Shorb on Improving Your Financial Literacy for NewRetirement.com

Vince Shorb’s answer to the question “How literate are Americans when it comes to their money?” is sobering. “Most Americans are financially illiterate,” the CEO of the National Financial Educators Council says. “They never received a financial education and lack the knowledge necessary to make financial decisions that are in alignment with their goals.” Money…

Retirement Financial Planning for Baby Boomers: The Top 4 Goals

The 2008 recession and financial crisis deteriorated American baby boomers’ confidence in retirement planning, spurring a shift in their financial goals related to their later years. And while the ability for baby boomers to reach their goals should improve with the recovering economy, not everyone is confident about realizing their priorities in retirement. Only one-third,…

Reverse Mortgage Information – Why Is it Kept So Secret by Friends and Family?

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…

Want to Pay for Your Grandchildren’s Education? Here’s How to Make it Happen

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…

Interested in a Reverse Mortgage? 5 Tips for Finding a Reputable Reverse Mortgage Lender

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…

Women Face High Risk of Poverty During Retirement; How to Protect Yourself

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…