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Westborough, US
Thursday, December 13, 2018

Save money with FHA loans

By Alain Valles On Jan. 7 President Obama announced that the Federal Housing Administration (FHA) will drastically lower the cost of FHA mortgage insurance by...

Reverse mortgages: It’s about time

By Alain Valles, CRMP Reverse mortgages often conjure dire outcomes. But the facts are just the opposite. With changes to the government-insured loan program, formally...

Job market challenging for baby boomers

But as many boomers have lost their jobs and faced long-term unemployment in the Great Recession, career change has been difficult.

Boston area fourth among 2012 Best Cities for Successful Aging

Mary Eliff, 68, loves living in the Boston area. Barely a week goes by that the Dorchester resident, who is semi-retired, isn’t at one of the many cultural opportunities the city has to offer.

Learn from Groundhog Day: Stop making these 5 money mistakes

Many of us are like Bill Murray’s weatherman in the movie Groundhog Day, when it comes to managing our own money. We’re searching for a way to break through repeating the same financial mistakes and reckless habits.

Boomers retire, shift from saving to spending

The market bottom was just two years ago, so investors are still fearful of steep loses. They’re looking for more ways to guarantee that they can turn their savings into a steady income stream without totally handing over control of their money.

Five steps to protect your 401(k) during market activity

It’s been a harrowing ride in the stock market lately. So much so that it’s prompted scores of investors to pull money out of the market and park it in bonds or other fixed-income assets.

Reverse mortgage rules are changing

By Alain Valles, CRMP, CSA, MBA For the past 25 years reverse mortgages have allowed hundreds of thousands of homeowners 62 years old or older...

Recommendations from the Elder Economic Index Report

It’s no surprise that the older adult population in Massachusetts is increasing rapidly. In 2010, those aged 65 and older accounted for 14 percent of the state’s population. However, by 2030, that figure will grow to 21 percent. To be economically secure at any age, one’s income must cover basic living expenses. If housing, health care, food, transportation and other incremental expenses are not sufficiently covered by household income, we must support effective strategies to fill the gap or the household will suffer severe economic hardship in retirement.

Government gets an earful on 401(k) proposal

By David Pitt DES MOINES, Iowa — What happens when the government considers tinkering with retirement accounts and asks for citizen input? It gets plenty. Government officials began...
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