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Wednesday, March 29, 2023

Reverse mortgages and retirement risks

If you’re approaching retirement or hopefully enjoying retirement, there may be a nagging concern of have you done everything possible to minimize your financial risks?  Whether you have professional advisors, do your own planning - or perhaps worse, ignore the entire topic - below are economic areas that can affect your quality of life once you stop working:
“For lower-income individuals, I would say annuities might still make sense if they don’t plan to leave a bequest,” says Gal Wettstein, senior research economist for the Boston College Center for Retirement Research.. (Photo/submitted)

Are annuities right for you?

By David Wilkening, Contributing Writer REGION - For decades, people have been buying annuities for a lot of reasons that sounded positive. They are long-term...

Reverse mortgages. The magic wand?

By Alain Valles, CRMP, MBA, CSA Managing Director Helping Hands Community Partners, Inc. How will you pay for retirement? If you are over 61-years-old, own a home...
Mike Festa

AARP launches ‘Stop Rx Greed’ campaign targeting high prescription drug prices

By Mike Festa, State Director, AARP Massachusetts AARP has launched “Stop Rx Greed,” a nationwide campaign aimed at lowering prescription drug prices. The goal of...

Baby boomers near 65 with retirements in jeopardy

“The situation is extremely serious because baby boomers have not saved very effectively for retirement and are still retiring too early,” said Olivia Mitchell, director of the Boettner Center for Pensions and Retirement Research at the University of Pennsylvania.

Wake up your lazy asset with new lending option

By Alain Valles If you are like most people your two largest retirement assets are your investment savings and your home. However, due to its...

Tips to avoid financial strain with aging parents

Staying on track to a comfortable retirement isn’t only about taking care of your finances and your health. It might involve taking care of your parents, too.

7 resolutions for retirees in 2012

Retirees may be past the days of resolving to work out more or buy fewer $4 coffees. Yet when it comes to money in particular, resolutions may be even more important for those living on fixed income.

Older birthdays offer extra reasons to rejoice

Even if the candles don’t all fit on the cake, there’s extra reason to celebrate some key older birthdays in the post-meltdown economy.
Because Massachusetts is not a community property state, when a married resident of the state dies, their spouse does not owe their debts.

What happens to your debt when you die?

By Nance Ebert, Contributing Writer REGION - When people think about planning for their eventual demise, the focus is usually on assets. But what about...