The 10 cheapest U.S. states to retire in—Florida barely makes the list While Florida is often considered a popular retirement destination due to its warm climate and lack of state income tax, it isn’t the absolute cheapest state to spend your golden years in. Rather, Alabama is the most affordable state to retire in, according to WalletHub’s “2023 […]
Retirement in America
Jaw-Dropping Stats About the State of Retirement in America Ruslan Guzov / Shutterstock.com Many Americans spend their lives working hard and dreaming of the day they can finally retire. But planning for retirement requires more than dreaming — it means being strategic and focused on saving money, among other things. The average age of retirement for Americans […]
retirement income strategy is outdated

Experts say the 4% rule, a popular retirement income strategy is outdated PERSONAL FINANCE KEY POINTS The 4% rule, a popular strategy to gauge withdrawals from one’s retirement portfolio, won’t work as well in coming decades due to lower projected stock and bond returns, according to a Morningstar paper published Thursday. The withdrawal rate should […]
Fact-Checking Dave Ramsey’s Reverse Mortgage Claims

Fact-Checking Dave Ramsey’s Reverse Mortgage Claims I have always been irritated with Dave Ramsey when he has a caller asking about a Reverse Mortgage. Not for the reason you might think. When someone calls in Mr. Ramsey doesn’t listen to their situation, instead he starts off on a generalized rant. On a show a lady […]
Retirement Insecurity
Download Report Download Report Download PowerPoint Read Press Release Watch Webinar Replay Women’s Views on Retirement Infographic A new report finds that across party lines, Americans are worried about concerns about their retirement insecurity. The vast majority of Democrats (70 percent), Independents (70 percent) and Republicans (62 percent) agree that the nation faces a retirement […]
Retirees Make the Most of Your Home Equity
Retirees Make the Most of Your Home Equity A home equity loan or home equity line of credit may be perfect for your retirement finances. But don’t delay; a fee increase is coming. A debt-free retirement has been the ideal scenario for so long that older adults often overlook a valuable financial resource: their home. […]
What Is a Reverse Mortgage
What Is a Reverse Mortgage and Is It Right for Me? Team Clark is adamant that we will never write content influenced by or paid for by an advertiser. To support our work, we do make money from some links to companies and deals on our site. Learn more about our guarantee here. Reverse mortgages […]
Successful Retirements
Misconceptions thwart successful retirements I took U.S. government population data, including the Survey of Income and Program Participation from the Census Bureau, and used simulations to measure the success rate of the retiree population. I define retirement success as still having at least a penny left in assets when one dies. I factored the simulation […]
Divorce
Reverse Mortgages could help resolve a big problem in a divorce. I bring this story because there is more of this reality than you could believe. Seniors getting a divorce has a name “Grey Divorce”. Even here in Birmingham, AL I was part of or know of 6 situations where the judge ordered a Reverse […]
Caregiver Burnout
Caregiver Burnout: Do You or a Friend Suffer From It? As much as it is rewarding, providing care to an aging or disabled loved one can be a demanding and thankless job. We’ve rounded up some tips to help you reduce some of the stress. It’s no secret that many adults care for other adults […]
