BlackRock’s Larry Fink sees Social Security crisis, says 65 retirement age ‘a bit crazy’ KEY POINTS In his annual letter to shareholders, Fink called the decreasing ability to retire in a financially sound way one of the biggest economic challenges of the mid-21st century. “Today in America, the retirement message that the government and companies […]
Reverse mortgages explained
Reverse mortgages explained As long as there have been homes for sale, there have been financial vehicles designed to alleviate some of the financial pressures associated with owning a home. A reverse mortgage is another way homeowners can borrow money based on the value of their homes, but it doesn’t need to be repaid as […]
Headed for a Disastrous Retirement
3 Signs You May Be Headed for a Disastrous Retirement A really low savings balance could limit your spending power. An early Social Security claim could leave you cash strapped. A refusal to work might leave you not only low on funds, but bored senseless. The $21,756 Social Security bonus most retirees […]
recession starting soon
U.S. leading indicators point to recession starting soon July 20 (Reuters) – An index designed to track turns in U.S. business cycles fell for the 15th straight month in June, dragged down by a weakening consumer outlook and increased unemployment claims, marking the longest streak of decreases since the lead-up to the 2007-2009 recession. The […]
Self-Insureing for Future Long Term Care
Self-Insureing for Future Long Term Care A recent column, “Should Federal Employees Self-Insure for Their Future Long Term Care,” discussed why some federal employees and retirees may want to consider self-insuring for their future long term care (LTC) costs. Some suggestions for self-insuring were made including an employee’s setting aside a portion of their Thrift […]
housing market about to crash
Housing market about to crash? Here’s what experts say Housing economists and analysts agree that any market correction is likely to be a modest one and not a full housing market about to crash. After a record-breaking run that saw mortgage rates plunge to all-time lows and home prices soar to new highs, the U.S. housing […]
Recession already here for many Americans
Recession already here for many Americans, as buying power, credit, social net shrinks The stock market may be closely watching the chance of an official economic recession, but many Americans across the country are already feeling the squeeze as they contend with higher prices and borrowing costs than they saw a year ago. While Evelyn […]
Want to retire early
Here are 5 uncomfortable truths about retirement, that you really need to hear now. Especially if you want to retire early. Retirement is the true American dream. Sure, many might fantasize about striking it rich and becoming famous, but when it comes down to it, the real goal is to make enough money so that you don’t […]
Stocks Could Struggle In The Days Ahead
Wharton professor Jeremy Siegel warns the recession threat is growing – and stocks could struggle in the days ahead. Jeremy Siegel sees a rising risk of recession and a downbeat outlook for stocks. The retired Wharton finance professor expects the Fed to cut interest rates later this year. The US central bank may be underestimating […]
If You Need Cash in Retirement
If You Need Cash in Retirement. Retirement & Financial Planning Report. FEDWEEK Reverse mortgages allow homeowners to tap home equity even if they can’t sell their home; this can supplement retirement funds. While hopefully your plan for funding your retirement will provide what you need, you may find that you have needs for cash that […]
