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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…

Seniors Rely On Social Security Quarter of Seniors Rely Solely on Social Security in Retirement. A recent analysis from the Social Security Administration shows that American seniors rely heavily on federal benefits in retirement — often in the absence of any other income source. About a quarter of U.S. residents aged 65 and older lived in…

Finance Professor Urges Retirees Not to Ignore Reverse Mortgages Early in his new book on retirement strategies, financial planner and professor Jamie Hopkins introduces the idea of reverse mortgages as a potential part of long-term retirement planning — and he quickly anticipates the potential backlash. “Let me preface this by pleading with you to continue…

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…

Reverse Mortgages Deserve 2nd Look Jamie Hopkins , CONTRIBUTOR Opinions expressed by Forbes Contributors are their own. What’s the deal with reverse mortgages? This question was addressed in a recent Housing Wealth in Retirement Symposium held on March 23, 2018, in Washington, DC. The event was co-hosted by The American College of Financial Services and the Bipartisan Policy Center. While the symposium took…

5 Ways Retirement Plans Go Off Track Bob Carlson , CONTRIBUTOR. I research/write about all facets of retirement/retirement planning. Opinions expressed by Forbes Contributors are their own. The retirement stories I most hate to hear are about people who entered retirement financially secure but saw that security disappear over the years. These stories are all…

Positioning Reverse Mortgages as a Solution in a Down Market One of the most prominent scholarly advocates for using reverse mortgages in retirement laid out a case last week for finding opportunity in the volatile stock market. “A reverse mortgage helps preserve a portfolio and gives it a chance to recover,” Wade Pfau, professor at…