Posts Tagged ‘retirement’
Retirement Insecurity 2021
Retirement Insecurity 2021 A new report finds that across party lines, Americans are worried about concerns about their financial security in retirement. The vast majority of Democrats (70 percent), Independents (70 percent) and Republicans (62 percent) agree that the nation faces a retirement crisis. There also is bi-partisan agreement that the average worker cannot save…
Read MoreWhy Home Equity Matters
Why Home Equity Matters Why Home Equity Matters. Home equity—the current value of your home minus your mortgage balance—matters because it helps you build wealth. When you have equity in your home, it’s a resource you can borrow against to improve your property or pay down other high-interest debts. However, it’s also volatile because home…
Read MoreWho’s Ready for a 24% Cut to Social Security Benefits?
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…
Read MoreHow to Make Your Retirement Savings Last
How to Make Your Savings Last for Decades, According to a 96-Year-Old Retirement Expert Lots of retirement experts theorize about how best to plan for the thirty-plus years you hope to enjoy after hitting 65. When Jack Guttentag — who turned 96 last December — gives advice, he’s speaking from experience. Guttentag, an economist who…
Read MoreSeniors lifeline during coronavirus
Seniors turn to reverse mortgages as a cash lifeline during the coronavirus crisis. CNBC More seniors turn to reverse mortgages as a cash lifeline during the coronavirus pandemic. A reverse mortgage can be used in correlation with other retirement income strategies to lessen what’s known as “sequence of return risk.” Applications for reverse mortgages were…
Read MoreHere are the new rules for post-pandemic retirement
Forget what you’ve heard. Here are the new rules for post-pandemic retirement. As the coronavirus pandemic upends the economy, there’s never been a better time to examine the conventional wisdom about retirement By Michelle Singletary Forbes Columnist Your retirement will be unique to you, but it often helps to have some rules of thumb as a guideline.…
Read MoreHome 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…
Read MoreReverse Mortgages Can Provide Retirement Income
Reverse Mortgages Can Provide Retirement Income Tapping home equity is often an overlooked possible source of income for those with fixed resources, and considering the home equity that seniors have access to, reverse mortgage products should be considered when coming up with a retirement funding plan. This is according to Stephen Resch, VP of retirement…
Read MoreHow 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…
Read MoreTaking Early Social Security Benefits Are Few
Good Reasons for Taking Early Social Security Benefits Are Few. Forbes Retirement Taking Social Security benefits as early as possible, at age 62, is not very beneficial for an American retiree concerned with maximizing their post-working income. This is according to Steve Vernon, FSA and consulting research scholar in the financial security division at Stanford…
Read More
