An option to supplement your retirement savings
Tuesday, September 27, 2016

An option to supplement your retirement savings

If you’re like most retirees you probably pictured your retirement years spending your time doing the things you enjoy – more time with family, hobbies, travel, living comfortably in your home, and so on. But can you afford to live your post-paycheck life the way you always hoped? According to research from the National Retirement […]

How can a reverse mortgage help you when interest rates rise?
Thursday, September 8, 2016

How can a reverse mortgage help you when interest rates rise?

If the Federal Reserve raises rates, consumers will likely feel the effects.  When rates go up, banks tend to increase the prime rate, and this will have an impact on certain financial products.  A prime rate is the lowest rate of interest at which money can be borrowed at commercially. So when the federal government […]

What are Today’s Key Retirement Challenges?
Wednesday, August 24, 2016

What are Today’s Key Retirement Challenges?

The Bipartisan Policy Center (BPC), a Washington D.C. nonprofit organization, recently conducted research to find solutions to the nation’s biggest challenges when it comes to achieving retirement security.  The six challenges are outlined below, including what steps you can take to address them. Workplace retirement savings plans According to the BPC, only 49% of workers […]

Funding the Cost of Long Term Care
Tuesday, August 9, 2016

Funding the Cost of Long Term Care

“Like death and taxes, long-term health-care expenses are becoming another certainty in life.”  Therefore, planning ahead will help to greatly reduce the stress of paying for long-term care should the need arise.  According to a recent article, the average cost of health care for a healthy 65 year old retiring couple is just under $395,000.  […]

Have You Saved Enough For Retirement?
Tuesday, July 26, 2016

Have You Saved Enough For Retirement?

According to a recent article on money.cnn.com, starting a disciplined savings regimen as early as possible is the key to living a more comfortable retirement.  If you’re willing to spend less today, then you have a better chance of having enough to spend tomorrow.1 The article gives an example of a 48 year old man […]

How Can You Get More Money In Retirement?
Wednesday, July 13, 2016

How Can You Get More Money In Retirement?

Most of us look forward to our golden years and the chance to finally work on our hobbies and spend more time with family.  However, one potential down side to retiring is having less income than what you’re used to living on.  Luckily, there are a number of actions you can take to improve your […]

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 […]