If you are struggling to figure out how does a reverse mortgage work, you are not alone. One thing is clear, reverse mortgages are NOT clear. A recent NewRetirement poll indicated that 46% of respondents had the facts wrong about reverse mortgages. This article focuses on explaining the basics of …

Many people are concerned about the costs associated with a Reverse Mortgage, as well as the impact of current and future interest rates. However, if you want or need equity from your home, are not willing to relocate to a smaller home, don’t want to or are unable to face …

When planning for retirement, it’s important to save enough money to cover the essentials. While a financial planner may discuss earmarking funds to pay for daily living expenses, housing and health care related costs, there is a hidden retirement cost that many advisers may overlook that can have a critical …

When we reach the age of 70 ½ we must — in order to avoid tax penalties — take Required Minimum Distributions (RMD s) from IRAs, 401ks and other types of tax advantaged accounts — all  retirement accounts funded with pre-tax contributions. So what exactly is a “Required Minimum Distribution?” Let’s …

Think retirement is about sitting with your feet up and watching the rest of the world whiz by? Possibly, but many people think retirement and plan for embarking on one of life’s greatest adventures. This is the time to do what you want with the experience-laden good sense to appreciate …

Feeling frazzled by holiday fanfare?  Do you also have nagging worries about your retirement plans? One of the best ways to control stress of any kind is to make a list and check it twice.  And we have done that for you. Here is a handy end of year retirement …

Annuities have a strange reputation. Some people think they are a great way to guarantee income in retirement. Other people think of them as a bad investment. So what’s the real scoop on lifetime annuities? Forget everything that you might have heard about lifetime annuities: “They’re great, they’re dangerous, they’re …

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 …

More than a quarter (26 per cent) of people facing retirement in the country do not know how much money they have got in their pension pots, new research from Retirement Advantage shows. Those that can estimate on average believe that they have a pension pot worth just over £110,000. However, …

Nearly a third (30%) of people aged between 18 and 39 plan to save in both a workplace pension and Lifetime ISA when the Lifetime ISA launches next year, new research has revealed. According to workplace pension provider NOW: Pensions, 16% of 18 to 39-year-olds said they will continue to …