No Retirement Savings

No Retirement Savings and Nearly Out of Time? Here’s How to Compensate. Countless older workers are about to end their careers without money in the bank. Here’s what to do if you’re one of them. Article I found today from the Motley Fool. Maurie Backman (TMFBookNerd) Though we’re told to prioritize retirement savings during our…

Readers’ questions about mortgage shopping. answered by Jack Guttentag, The Mortgage Professor Q: How many price quotes should I get in refinancing my mortgage? A: Get as many valid quotes as possible. Two or three valid ones help; 10 phony ones are worthless, or worse. Valid price quotes must meet three major conditions: —Same market…

Life Resource Planning Focuses on the Need for Eldercare Certain diseases, disorders, accidents or injuries result in disabilities that last longer than a few weeks or months. Many of these become permanent problems and although the disabled person may eventually adapt to take care of himself, a caregiver is often needed. The location of where…

Is the ‘New’ Safer Reverse Mortgage a Better Deal for Consumers? I found a great article today about the Newer Safer Reverse Mortgage. It doesn’t pay out as much money as before, but it will probably always. Recent changes to the reverse mortgage program have many lamenting the fact that fewer people will now qualify.…

Once risky Reverse mortgages safer in recent years Some older adults may be wary of reverse mortgages, but in recent years, regulations have been implemented to make reverse mortgages less risky. Still, it’s best for homeowners to consider other options too, such as refinancing or downsizing. Chicago Tribune by Benny L. Kass Reporter. There have been so…

Need for long term care plan Very few families are prepared for the challenge of long term care for a loved one. This is because very few families plan for the contingency of needing long term care. The seniors themselves typically ignore the need for planning and the children or grandchildren are tied up in…

Veterans Aid and Attendance? Veterans Pension and Survivor ‘s Pension – also known as Death Pension – are disability income programs available to veterans or to the single surviving spouses of deceased veterans. Survivor ‘s Pension or Death Pension is often referred to as “The Aid and Attendance Death Benefit.” This is a misnomer, but…

How not to run out of money in retirement Start thinking about your retirement – nest eggs on dollar bills. Americans aren’t terrific at saving for retirement. Many are even worse when it comes to figuring out how much to spend once they get there. An actuary who’s studied the issue for three decades recently…

Helping Widowed Clients Plan for Long-Term Housing Needs The emotional and financial implications of deciding where—and with whom—to live- long term housing needs. The death of a spouse can be emotionally devastating and make tackling practical matters challenging for widowed clients. A first task for advisors, then, is to help clients navigate day-to-day matters such…