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 […]

Be Aware of These Common Scams
Tuesday, January 26, 2016

Be Aware of These Common Scams

Anyone can fall victim to fraud, but seniors are particularly vulnerable.  Seniors are often on a fixed income, so losing money at the hands of a scam artist can hit older Americans the hardest. According to a recent AARP article, there were 750 documented data breaches in 2015, which is roughly the same as in […]

What You Need to Know When Looking For a Financial Advisor
Tuesday, January 12, 2016

What You Need to Know When Looking For a Financial Advisor

Finding a trustworthy financial advisor can be a tricky process.  According to an AARP article, “More than 400,000 people in the U.S. call themselves financial advisers today, using any number of so-called professional designations to sell financial products and give advice.  Some of these credentials – there are 157 out there – don’t require much […]

Boomers May Be Running Short on Retirement Funds
Tuesday, December 29, 2015

Boomers May Be Running Short on Retirement Funds

Many baby boomers have accumulated more wealth than their parents’ generation, and possibly even more than their children as well.  However, accessing that wealth is where the challenge comes in.  According to a recent article, this is due to a couple reasons.  Many boomers have been more active users of debt; the median equity for […]

What You Should Know If You’re Downsizing
Wednesday, December 16, 2015

What You Should Know If You’re Downsizing

If you’re like most people, you’ll likely move multiple times during your lifetime.  In fact, the U.S. Census Bureau estimates that the average person will move a total of 11.7 times over the course of their life for various reasons such as job relocation, getting married or retirement.  According to a recent article, downsizing has […]