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Reverse mortgage not a good choice for income to delay Social Security
Most people today realize that the best way to get a larger Social Security benefit is to delay applying, at least until your full retirement age or even until you are age 70. But to do that, you may need an additional…
Besides the money, working past normal retirement age is good for you
The fact is, we’re living longer. Advances in healthcare technology have moved average life expectancy today well into the 80’s, meaning that more and more seniors find that they’re not ready to hang up their work boots when the traditional retirement…
Smart retirement choices for women
It’s a fairly well known fact that women face a different retirement landscape than men, due in large part to the gender pay gap and fewer years in the workforce due to raising children. But there are other factors involved…
It’s time to re-think our credit reporting system
American consumers have no choice, but their personal data are amassed in the electronic files of the three major credit reporting firms – Equifax, Trans Union, and Experian. And as the recent massive data breach at Equifax revealed, those data are…
Partial lump sum Social Security bill not a good proposal
House Bill H.R. 3112, the Providing Choice for Social Security Retirees Act introduced in June 2017, wouldn’t materially affect Social Security’s solvency issues and would, in fact, have a negative effect on the program in the earlier years. This is…
Planning for retirement: A primer
If you knew how long you’re going to live, and what your expenses would be at different points in your golden years, retirement planning would be a snap. But since you don’t know either of those things, your best course…
Clients demanding more Social Security advice
It’s a sad commentary for Financial Advisors, but many clients are saying that their financial advisors aren’t offering adequate Social Security advice. About 80% of future retirees say they would switch advisors if theirs didn’t offer them advice on how to…
Debt in retirement could hurt your dreams
For many older Americans, debt is an increasingly big problem as they approach their retirement years. Coupled with a general lack of adequate retirement savings, many seniors are finding that their dream of a life of leisure after a lifetime of…
Time for Congress to fix the credit reporting industry
The massive size of the Equifax data breach was stunning, even for the industry “experts” who deal with such issues every day. The fact is that our credit reporting industry is fundamentally defective and will need Congressional action to get if fixed,…
The retirement dichotomy – retirees vs. pre-retirees
A recent study by the Nationwide Retirement Institute found that feelings about retirement by those already retired are distinctly different from those who are only considering the journey into their “golden years”. In most respects, pre-retirees tend to be more pessimistic, especially about the future…