Finance

Money managers say take a breath — downturns could offer opportunities to strengthen your retirement savings for the long run.

By Mike Festa, State Director, AARP Massachusetts As a major federal government initiative is underway to issue new identification cards to the 1,289,320 Medicare beneficiaries in...

Reverse mortgages are government-insured loans also known as Home Equity Conversion Mortgages (HECMs).

By Alain Valles, CRMP, MBA, CSA The Greek philosopher Heraclitus said, “Change is the only constant in life.” Time has shown this to be true. The...

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...

The recession claimed Sadowski’s business and a chunk of his savings, and with four teenage daughters, the graphic designer accepts the fact he won’t retire for another five years or more.

Adding up to a modest-sounding 1 percent a year — would erase $70,000 from an average worker’s account over a four-decade career compared with lower-cost options.

Years of handling your own finances and investments sharpen the ability to make sound decisions. But failing to prepare for the day when growing older hampers your judgment can be costly at an age when more is at stake.

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...