Here are the 6 levels of wealth for retirement-age Americans — are you at the top or bottom of the pyramida.

If you’re planning your own retirement, you probably have a retirement savings goal in mind. Americans believe the “magic number” they need to retire comfortably is $1.26 million, according to a survey by Northwestern Mutual. Comparing your number with the actual net worth of retirement age American seniors should give you an idea of how…

3 Ways Retirees Can Prepare for a Recession Retiring is a significant financial achievement. However, the highly publicized conjecture of an impending recession has added layers of complexity and concern for those who’ve recently retired or are preparing to do so. However, with strategic planning and informed decisions that look to all asset classes, retirees…

How Tariffs Could Impact Economic Growth Fed Official Revises Interest Rate Cut Forecast for 2025 Inflation remains the key factor influencing interest rate decisions. The Federal Reserve consistently emphasizes its dual mandate when making interest rate decisions. Established in 1977, this mandate requires the Fed to: Promote maximum employment Maintain stable prices and moderate long-term…

Mortgage rates fall again as economy cools further Mortgage Rates fall for home loans for the sixth straight week as concerns about the economy buffeted financial markets. In the week ending March 6, 30-year fixed-rate mortgages averaged 6.63%, Freddie Mac announced Thursday. That’s down from 6.76% last week, and marked the biggest weekly decline since…

Why more retirement age Americans keep working I have wondering for years how are fixed income seniors making it. From my 18 years in the Reverse Mortgage business before Covid; I kknow how much of all monthly income. I know many have went back to work to survive. In recent years, a growing number of Americans…

Reverse Loan Pro and Cons Rising costs for homeowners’ insurance, healthcare, and groceries are making it increasingly difficult for seniors to thrive. One effective solution is to suggest a reverse loan. This option can help senior members improve their cash flow without withdrawing funds from the branch. Here are some common questions senior members might…

Responsibly Using a Reverse Mortgage in a Retirement Plan Reverse mortgages have long been thought of as merely a last resort for someone’s retirement plan, the only remaining alternative when nothing is left to draw on. Before 2013, lending rules were very different and reverse mortgages got a bad rap for giving borrowers up to…

Newsweek turns eye toward reverse mortgage pros and cons The new column examines potential strengths and weaknesses of reverse mortgages, according to a team judged to be financial experts A reverse mortgage has potential utility for a homeowner in the right situation, but loan terms must be observed closely to remain in good standing and…

6 smart ways to tackle debt in retirement If you’re struggling to pay off high-interest debt in retirement, the following strategies may be worth considering: Retirement is a time to savor the fruits of your labor, but if you’re facing looming debt, it can cast a shadow on your golden years. And, if that debt comes…

Florida Retirees Relocating: Here’s Where They’re Going Instead Once thought of as the ideal place to live out one’s golden years, Florida is quickly losing favor with retirees. Remote workers and the wealthy are flocking to the state and driving up home prices, leaving those on a fixed income feeling the pinch. In just half a decade,…