Supporting Good Brain Health
Tuesday, June 28, 2016

Supporting Good Brain Health

According to a recent article in AARP, cognitive decline is not inevitable as we age.  In fact, there are many things you can do to help keep your brain healthy.  The article also warns against things that can impair cognitive health as well. Here’s what you can do to help support brain health: Exercise Everyone […]

Protect Yourself From Elder Abuse
Tuesday, June 14, 2016

Protect Yourself From Elder Abuse

World Elder Abuse Awareness Day (WEAAD) is this month, so it’s the perfect time to get involved in this important cause.  According to the U.S. Department of Health and Human Services Administration for Community Living (ACL), “Each year, an estimated 5 million older persons are abused, neglected, and exploited.  In addition, elders throughout the United […]

Generating Tax-Free Income in Retirement
Thursday, June 2, 2016

Generating Tax-Free Income in Retirement

Maximizing every dollar of income is important to most Americans, but it’s especially critical for retirees on a fixed income.  Whether you’re still a few years from retirement or already retired, having a solid plan in place can help insure you don’t outlive your nest egg.  In an effort to make the most of your […]

What Will It Cost You to Downsize?
Tuesday, May 10, 2016

What Will It Cost You to Downsize?

As older Americans approach retirement, many find that they haven’t saved enough. Should you find yourself in this situation and don’t have the time to play catch up, downsizing is one strategy to consider. However, there are a number of costs involved with this strategy that you may not have realized. Before you decide to […]

Protecting Yourself from Cybercrime
Tuesday, April 19, 2016

Protecting Yourself from Cybercrime

When armed with the right knowledge, you can better protect yourself from cybercrime.  According to antivirus software provider Norton, “…online criminals are trying to make their money as quickly and easily as possible.  The more difficult you make their job, the more likely they are to leave you alone and move on to an easier […]

What Could Lower Rates Mean For a Reverse Mortgage?
Wednesday, April 6, 2016

What Could Lower Rates Mean For a Reverse Mortgage?

If you’ve ever considered a reverse mortgage you may have discovered it’s not the easiest product to understand.  While it may not be the right product for some, it can be a valuable resource for others.  Of course it’s important to understand the advantages and potential risks before making such an important decision.1 A Home […]

Common Mistakes to Avoid When Saving For Retirement
Wednesday, March 23, 2016

Common Mistakes to Avoid When Saving For Retirement

We all know it’s important to save for retirement, however there’s a lot of information out there, so navigating the process can be overwhelming.  Below are some common mistakes to avoid when it comes to saving for your retirement. Neglecting to calculate how much you’ll need Without knowing how much you’ll need to retire, it’s […]

What to Expect When the Fed Raises Rates
Tuesday, March 8, 2016

What to Expect When the Fed Raises Rates

According to a recent AARP article, now that the Federal Reserve (Fed) has begun raising rates, consumers will start to feel the effects.  A rate hike usually signifies more will be coming in the future.  When rates go up, banks tend to increase the prime rate, and this will have an impact on certain financial […]

Need Additional Income in Retirement?
Tuesday, February 23, 2016

Need Additional Income in Retirement?

The Social Security Administration reports that the average benefit paid in 2014 was $1,329 per month, or $16,000 per year.  Vanguard states that the median 401(k) account balance for those over 65 was $72,845 in 2014.  Based on the 4% safe withdrawal rule that only works out to an additional $2,914 per year.  Although some […]

Can a Reverse Mortgage Replace the Once Commonplace Pension?
Tuesday, February 9, 2016

Can a Reverse Mortgage Replace the Once Commonplace Pension?

Historically, retirement income for most Americans generally came from three sources:  social security, pension and retirement savings.  This has often been referred to as the 3-legged stool.  However, now companies are shifting away from offering pensions, also known as defined benefits, to offering defined contribution plans or 401(k)’s.  The once 3-legged stool is now becoming […]