Planning Retirement

According to AAG, the first reverse mortgage was issued in 1961 to a widow in Portland, Maine. A banker, Nelson Haynes of Deering Savings Loan designed the loan to help the widowed wife of his beloved former high school football coach. The idea behind these loans has always been to help …

There is some good average retirement income 2018 news. According to research from Boston College, the percentage of retirees who are at risk of falling short in retirement decreased from 52 to 50 percent. Okay…  that is not really tremendously good news. It is indeed a very modest gain. But, the …

We keep trying to improve the NewRetirement retirement planning calculator so that you can feel good about your future.  The latest improvement is a feature that let’s you: Find out if you have any future “excess” income built into your retirement plan Specify if the “excess” income should be spent …

Hosted by Steve Chen, founder of NewRetirement, the NewRetirement Podcast offers interviews about the wise use of both money and time in retirement.  Explore ideas and great insight so that you can achieve a secure and meaningful future. Episode 2 is an interview covering two perspectives about work, working less …

We’ve spent our whole lives working, spending the money we earn and hopefully saving a little too.  When we retire, everything we have ever experienced about managing our own finances gets turned upside down. We no longer earn as much or any money from work.  We have to figure out how …

If you do not entirely know what is an Exchange Traded Fund (ETF)… it may be well worth your while to find out. ETFs have become very popular investment vehicles and they can be a good place for retirement savings. In a nutshell, ETFs can be a low cost way …

Saving for retirement can be an incredibly difficult task, especially when your path is filled with hurdles such as job loss, rising inflation and debt. One obstacle you may not think about is your own family. Juggling family commitments makes it hard for many adults to save for their own …

No matter your age — how to plan for retirement is likely a topic that you have pondered and done at least little something about.  You may have saved some money, thought about the best locale for golf (or whatever hobby you will have), figured out when to start Social …

Experts say that a stock market crash is a question of when not if.  So, you really need to start thinking about how to have a crash proof retirement plan. You probably remember the financial crisis that started around 2008. It severely impacted the retirement security of many people around …

According to researchers at the University of Michigan, between 2000 and 2012, the percentage of adults in the United States with dementia (including Alzheimer’s) fell from 11.6 percent to 8.8 percent.  That’s a pretty good drop.  And, the Framingham study (a long-running research project in one small largely white and …