You’re Approaching Retirement with Debt
You’re Approaching Retirement and in Debt, Now What? A Study by the Employee Benefit Research Institute indicated that nearly 70% of retirees have debt and nearly 50% of retirees over the age of 75 are still managing debt. by Stuart Welch of Birmingham and Birmingham’s Al.com. Managing cash flow during retirement is tough enough without…
Read MoreYour home helps fund your retirement
Your home helps fund your retirement Many people live in their most valuable asset- their home. Here’s how its value could help you retire on your terms. Story from Merrill Lynch; one of the first large financial planner group that understood the HECM concept and how it helps sustain longevity. Also, Merrill Lynch send me…
Read MoreYounger retirees
Younger retirees. New Thinking About Reverse Mortgages. MARKETS YOUR MONEY WALL STREET JOURNAL REPORTS: WEALTH MANAGEMENT. American College of Financial Services. By JEFF BROWN Younger retirees may benefit from using reverse-mortgage lines of credit as interest rates rise. Since rates tend to rise alongside inflation, a growing line of credit would provide an inflation hedge,…
Read MoreWould Your Retirement Plan Hold Up In Court
Would Your Retirement Plan Hold Up In Court Would Your Retirement Plan Hold Up In Court. Interesting story I found in Forbes. That was the question I was faced with recently when I was asked to be an expert witness. I enjoy doing this type of work, but it comes with a fair amount of…
Read MoreWorried About the Market Crash
Our Semi-Retired Columnist Isn’t Worried About the Market Crash. Here’s Why. Eleven years ago, I watched in horror as my 401(k) account melted away during the financial crisis and bear market. Now, semi-retired, I have a good bit more money in stocks, and I haven’t looked at my account in a couple of weeks. I…
Read MoreWorried about retirement
Why is everyone so worried about retirement? Confidence has dropped to 2008 levels. Workers and retirees have grown much gloomier about their retirement prospects. Will their bleakness last? Trouble ahead? Financial stress is rising among workers and retirees. In April 2022, when I looked through the 2022 annual Employee Benefit Research Institute (EBRI) Retirement Confidence Survey, I felt…
Read MoreWorld Alzheimer’s Day
World Alzheimer’s Day underscores that time with loved ones is precious. For seniors with Alzheimer’s, visits from family, even if not remembered,provide emotional comfort, reduce anxiety, and foster a sense of belonging. Research, such as studies cited in BMC Geriatrics, shows that social engagement can improve mood and potentially slow cognitivedecline, echoing the mental health…
Read MoreWorking Longer
Working Longer Can Help Fund Retirement, But Many Can’t Do It Another great article by Alex Spanko . Please note the Boston College study on working longer link at bottom. Staying in the workforce longer is, at least on its face, a simple solution to retirement problems: The more weeks a worker takes in a steady…
Read MoreWill US Housing Crash The Economy
Will US Housing Crash The Economy? Maybe it’s different this time. A slowdown in US construction activity has preceded broader slowdowns in the past. Welcome to Money Distilled. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money. Could US Housing Crash The…
Read MoreWhy More Seniors Are Facing Financial Shortfalls
A recent news story highlighted something many of us in the reverse mortgage industry are already seeing firsthand: more senior homeowners are running out of money before they ask for help. According to a 2025 survey of reverse mortgage borrowers seeking financial counseling, 21% reported that their monthly expenses exceeded their monthly income. Just one…
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