Planning Retirement

According to the Pew Research Center and the U.S. Census Bureau, Millennials have surpassed Baby Boomers as the largest living generation. There may be a lot of them, but what can this hip, dreaming and some say lazy generation tell us about having a better retirement?  It turns out that …

It is no secret that delaying the start of your Social Security benefits will probably pay off big in the long run.  However, most retirees eschew the advice and start getting Social Security paychecks almost as soon as they are eligible. According to a report by the Center for Retirement …

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

Reverse mortgage calculators can be useful tools as we figure out ways to fund retirement. Most of us do a lot of research before buying any kind of anything. We hold things up to a mirror, try things on, get free trials, research alternatives, comparison shop and more. Using a …

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 …