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:
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...
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.
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...