Double-digit percentage drop will hit stocks in early 2023

‘Wild ride’: Morgan Stanley’s Mike Wilson predicts double-digit percentage drop will hit stocks in early 2023. A lot of two-way risk in the stock market right now, warns Morgan Stanley’s Mike Wilson. Investors may be on the doorstep of a deep pullback. Morgan Stanley’s Mike Wilson, who has an S&P 500 year-end target of 3,900 […]

Now’s a great time for a reverse mortgage

Now’s a great time for a reverse mortgage In today’s economic climate, clients need financial solutions that make sense. Today’s economic circumstances are taking a toll on retirees. From delaying major purchases and driving less, to cancelling or curtailing travel plans, many are sacrificing to make ends meet. Retirees need solid financial options to help ease […]

Sources of Retirement Income

5 Unexpected Sources of Retirement Income When you’re retired, you need dependable income — often from multiple sources Try not to rely on just one income stream in retirement, as it may not provide enough money. Think about what kinds of income streams are most possible and appealing for you. Consider dividend-paying stocks or reverse […]

When a reverse mortgage makes sense

Financial planner: when a reverse mortgage makes sense for a borrower “For a retiree who has a mortgage on their home, if the payment puts a squeeze on money that’s available for other living expenses, a reverse mortgage might relieve the pressure and makes sense.” she writes. “Depending on the homeowner’s age and the home’s […]

Who’s Ready for a 24% Cut to Social Security Benefits?

long term care education

Who’s Ready for a 24% Cut to Social Security Benefits? Without significant changes, big benefit cuts await seniors in 15 years. The Social Security program has been providing a financial foundation for our nation’s retired workforce for more than 80 years. Of today’s nearly 65 million beneficiaries, 46 million of them are retirees, many of […]

Home Equity In Your Retirement Plan

How To Include Home Equity In Your Retirement Plan With The Bucketing Approach Do you have a vacation fund? A pizza party jar at work or home? A bank account reserved for a new house? People set aside money for certain goals or expenses, sometimes even dedicating a specific bank account or credit card for […]

401-k Plans Have Reached Their Expiration Date

Seniors turn to reverse mortgages as a cash lifeline during the coronavirus . Used with other retirement income a Reverse Mortgage can lessen the sequence of returns

401-k Plans Have Reached Their Expiration Date The 401-k plans are as good as they can be under the current framework–and that’s not good enough. Revolutionary Thoughts. This article has been a long time coming. My views on 401-k have evolved over the years, but until now, always incrementally. My columns advocated this improvement, that change. […]

How to Create a Retirement Paycheck

How to Create a Retirement Paycheck Creating a reliable retirement income stream is complex but worth it. These tips will get you on the right path. Your expenses don’t end when your paychecks do, but creating a reliable income stream in retirement can be tricky. The right choices can result in sustainable income for the […]

Life Without Retirement Savings

Seniors turn to reverse mortgages as a cash lifeline during the coronavirus . Used with other retirement income a Reverse Mortgage can lessen the sequence of returns

Life Without Retirement Savings Recently, The Atlantic published a tremendously powerful article by Alana Semuels entitled This Is What Life Without Retirement Savings Looks Like, which is well worth reading for anyone who is hedging their bets on the question of whether to save for retirement at all or whether to save more for retirement. It opens with the story […]

Planners recommending a Reverse Mortgage

Why more and more financial planners are recommending to their clients a Reverse Mortgage. The proper name for this product has always been Home Equity Conversion Mortgage or HECM for short. The HECM can be used as a defensive play protecting managed assets or to pay off a mortgage. For instance, a client of mine […]