Debt Situation Grows Worse for Senior Population Seniors are more likely to hold home-secured debt, and to hold more of it today than in years past. Their percentage of held debt held has also increased, with seniors aged 75 and up having become four times more likely to hold home-secured debt in 2016 when compared…

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3 Questions for Clients Who Are Looking at Senior Care Options Some clients have to move from planning for long-term care to implementing the plan. Financial advisors wear many hats when providing their clients with guidance about their futures, and fielding questions about care for aging parents often comes with the territory. Choosing the right…

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Secure Comfortable Retirement Check these three boxes if you want to secure a comfortable retirement. by Peter Dunn, Special for USA TODAY Pete: I have a question about retiree housing which I’ve never seen addressed. What about people who’ve rented most of their working lives? This would include many career military or foreign service staffers…

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Secrets of wealthier retirees. 4 reverse mortgage loan secrets of wealthier retirees. Bankrate.com By Dana Dratch  Some retirees who are in better-than-average financial shape are embracing reverse mortgage loans as a smart financial planning tool. For example, they’re taking out reverse mortgage loans — particularly reverse mortgage lines of credit — in case their investments come…

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Scams targeting seniors While a person can become a victim of a scam at any age, the senior population is becoming more vulnerable to scammers. Seniors make good targets because they generally have good credit and accessible savings. Further, many seniors are alone or suffer from conditions like memory loss or frailty, which make seniors…

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Scam Prevention. FDIC Issues Updates to Elder Scam-Prevention Program The government has always considered seniors a protected class, making sure they don’t get scammed and I am a big proponent of that myself. I have told my clients before to go put this money in a new bank you have never been to before because…

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More than 1 in 5 say retirement savings are worse now than before the Great Recession  The BoomerFOXBusiness    Record upswing for US economy Former Reagan economist Art Laffer on the U.S. economy’s record expansion. As America marks the 10th anniversary of the end of the Great Recession in June, a new Bankrate surveyOpens a New…

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Evaluating Savings for Seniors Tax Qualified Retirement Plans. As the years go by, more and more seniors will have substantial retirement assets that were a result of retirement plans sponsored by their employers while these people were working. In the past 30 years, these plans have become the standard method by which employment retirement funds…

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11 Numbers That Will Terrify You Into Saving For Retirement Right This Minute. Every day you delay will hurt you in the end. It can be tough to save for retirement when it is still decades away. It’s apparently even tough for older workers who are on the verge of retirement. Living expenses can eat…

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Saving for Retirement: How Do You Stack Up? Ever wonder how you are doing planning for retirement? Kiplinger’s set out to find out for you. A new poll conducted by Kiplinger and Personal Capital reveals Americans are serious about preparing for retirement. See how your savings — and confidence level — measure up. Americans are…

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