In a multigenerational home, parents, grandparents, and children might all live together. While this was standard for most of history, the past century saw a dramatic increase in the number of nuclear family homes.
As many working Americans approach the end of their career, they begin to worry over how to budget income for a long, full, and vibrant retirement.
As you examine your retirement options, you may consider using a Home Equity Conversion Mortgage, commonly called an HECM Loan or a reverse mortgage.
Retirement is one of the most important things you can plan for in life, yet many adult Americans find themselves unprepared as they near the end of...
Many seniors find planning for retirement difficult. While under ideal circumstances you might have saved money throughout your career in preparation for retirement, the reality is that this is often impossible for many people.
As life progresses, you may find that a little help with your daily needs can come in handy. Seniors who want to age in place
It’s wise for seniors to consider their asset allocation in retirement. This new chapter in life likely comes with a change in financial goals that could impact how you choose to diversify your portfolio.
As seniors progress through life, medical conditions may have them wondering how to pay for assisted living or alternative senior care. There’s no problem with seeking medical assistance, and seniors should be confident in their search for the best care for their particular needs.
Retired life should be about travel, family, and leisure. Unfortunately, many seniors find that they are not financially prepared to live the retirement they’ve dreamt of. In addition to the growing cost of living, retirees may face unexpected medical expenses or necessary home renovations that turn their budget sideways.
Many people feel concerned about their sources of income during retirement and how best to save during the course of their careers. A healthy retirement savings account is essential, but calculating your average monthly expenses in retirement is a necessary step in the planning process.