Savings For Seniors
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…
Read More1 in 5 Avoid High Medical Costs
Here’s How 1 in 5 Americans Avoid High Medical Costs — and Why They’re Putting Themselves in Danger Are you employing this troublesome tactic? by Maurie Backman (TMFBookNerd) The cost of nearly every common living expense has risen in recent years, and healthcare is no exception. Unfortunately, Americans are really feeling the pain. Not only…
Read MoreKey Retirement Number
Only 26% of Americans Know This Key Retirement Number Are you in the minority?Maurie Backman (TMFBookNerd) Social Security is a crucial source of income for millions of seniors, which is why eligible recipients should take steps to maximize their benefits. Unfortunately, a large number of Americans lack the knowledge to make informed decisions about Social Security,…
Read MoreScams targeting seniors
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…
Read MoreIt could be in the name
It could be in the name. Experts Weigh In on Reverse Mortgages Reverse Mortgage – Is it the name, or the actual loan product that causes people to shy away? Apparently, it is the name. When presented with the description of what a reverse mortgage can do vs a traditional HELOC on which payments must…
Read MoreRetirement Plans Soar in Strong Market
Retirement Plans Soar in Strong Market, But Half of Americans Missing Out Americans with 401(k)s have had reason to celebrate the last two years, as record stock market performance has inflated retirees’ nest eggs. But despite all the sunny news, a huge swath of Americans is missing out, according to a Thursday post from the…
Read MoreHECM for Purchase
New Rules Improve the HECM for Purchase, But Challenges Remain New Rules Improve the HECM for Purchase, But Challenges Remain. Recent changes to the reverse mortgage program that reduced lending limits and amended ongoing insurance premiums have many originators expecting a slump in business. But some say the Home Equity Conversion Mortgage for Purchase is…
Read MoreRetirement Planning Survey
Retirement Planning Survey . The Particular Instances Where You Will Do a Retirement Planning Survey. This article is really written for people like me in the retirement planning world, but I thought I would share it to help seniors making these big decisions have an easier time. The National Care Planning Council designed the Retirement…
Read MoreDying with debt
Dying with Debt. What happens depends on where you live. At some point in our lives we may ask ourselves: “If I die and have debt, who or what will be responsible for paying back those I owe?” The laws regarding debt after death are defined by each state so there isn’t a single answer…
Read MoreFinancial advisers
Financial advisers should avoid error by omission and consider reverse mortgages The vast majority of financial services professionals still fail to incorporate home equity planning or reverse mortgages into their practices by Jamie Hopkins. I wanted to share this great article written by one of the leading financial planners of today. Over the past few…
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