Finance

By Alain Valles Since 1987, reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs), have been a viable option for hundreds of thousands of...

“Children don’t know what to do with all this stuff, and don’t have room for it, and just get to the point that they throw their hands up and say, ‘This has got to go.’ ”

By Alain Valles Over the past 25 years hundreds of thousands of homeowners age 62 years or older have converted the equity in their home...

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...

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.

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...

When stock markets tumbled around the world recently, bond funds remained solid once again.

“Express Scripts, a pharmacy benefits manager, has a near-majority market share and will benefit from an aging population, more generic drugs and society’s need to lower health-care spending,” said Paul Larson, Morningstar equities strategist.

Taking maximum advantage of tax breaks and other strategies will make savings last longer, which is critical for those living on a fixed income.

The days of counting on Uncle Sam and a company pension to carry you through old age are long gone. We’re living increasingly in a “yoyo” economy — short for “you’re on your own.”