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How can I get the best deal on a reverse mortgage? by Jane Bryant Quinn 1. Choose a Home Equity Conversion Mortgage (HECM). For most borrowers, it's the right loan. 2. Compare the HECM with one of the jumbo loans if you have an expensive house. Sometimes the jumbo wins. Often, however, 'll find...
How can I find a good fee-only financial planner? by Jane Bryant Quinn You can find a good fee-only planner through one of the following Web sites: National Association of Personal Financial Advisors, about 1,270 planners in all states. To see if there are any near you, go to its Web site and t...
Can I rely on my Social Security income? Shouldn't we just privatize it? by Jane Bryant Quinn Many people imagine that they'd have more money if they could ditch Social Security. "Just give me my contribution and my employer's, and I could invest for a higher income," they say. I doubt ...
I am counting on my inheritance for my retirement. How much will I need? by Jane Bryant Quinn Your inheritance may be your last, best hope of living well when you retire. What to do with your luck depends on the size of the windfall and how well fixed you were before. Assuming that the money is i...
By planning ahead, you can avoid these Top 10 Retirement Planning Mistakes. This will help prevent running out of money in your 70s or 80s, when you might still have some good years ahead of you.
Is a reverse mortgage right for me? The answer depends on a number of variables, including whether you've exhausted other lending options. Just bear in mind that reverse mortgages can be an extremely expensive way to borrow. A reverse mortgage is a loan, paid to you either in installments or a l...
A new book puts a steep price tag on consuming for today rather than saving for tomorrow: Every dollar in ongoing repeat costs you incur today could mean $1,000 in foregone savings for retirement. Shave $500 a month from your monthly budget today and enjoy a nest egg that's $500,000 plumper.
How much money do you need to retire comfortably? People want a neat and tidy number, but not much in life is neat and tidy -- particularly when it comes to retirement planning. Here I describe simple rules of thumb to get you in the ballpark, which might be the best you can do.
Burton Malkiel, the brainpower behind index investing, defends himself against Jeremy Grantham, Justin Fox and others.
If you have a government pension that you think is safe, you might be surprised to learn how much risk is being taken with your money.
Lost your job? You need to calculate your cash burn rate and figure out the number of months before you'll be out of cash. If you've got less than six months of cash on hand, then do some quick right-sizing of your expenses. Read on for a few ideas how.
The Callan Periodic Table of Investment Returns delivers a picture-perfect lesson on what it takes to be a successful investor.
Some uplifting food for thought for Baby Boomers: Your, um, maturing brain has important skills that Gen Y lacks. The challenge, of course, is to keep those well-honed synapses sharp. Pushing yourself out of your ideological (and skills) comfort zones is great for your neurons. And that can make all the difference in staying employable longer.
Here is a simple, effective formula that you can use to manage your resources for your retirement. The goal is to develop reliable sources of retirement income that cover your living expenses, no matter how long you live and no matter what happens in the economy.
The Obama Administration's Middle Class Task Force includes initiatives to help American's do a better job saving for retirement. There's plenty to applaud, but one major oversight, as well.
