Reverse mortgages are very misunderstood products Getty A few years back, I conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. In fact, respondents scored below 50 percent on a 10-question true-false quiz. One possible explanation for the poor performance is a lot of misinformation floating about.
Retirement
Social Security may be one of your largest assets. What and when you collect will make a huge difference to your lifetime benefits. Today’s column takes up eligibility for restricted applications, potential effects of early retirement benefits on later spousal benefits, filing before 70 to allow spousal benefits, determining Primary Insurance Amounts (PIA)s and the
If you’re a baby boomer planning your retirement, you face a series of critical decisions that will influence your quality of life for the rest of your life. While these decisions may be hard to make, no one said it would be easy to be retired for 25 to 30 years. No one also said
What do tariffs, Mexico, Europe and the defense industry have in common? President Trump tweeted earlier this month that the U.S. and Mexico reached a deal to avert new tariffs. The Mexicans will send 6,000 troops to their southern border to slow migration from Central America. The agreement bolsters the president’s case for weaponizing tariffs. And this strategy
There is an adage that cautions about planting seeds of discontent. You reap what you sow. The Verge reported earlier this month that a pair of smartphone app developers are seeking class-action status to sue Apple. They claim the Cupertino-based company maintains an improper monopoly over iPhone apps. It’s part of a growing trend of legal complaints against Apple. This
Share to facebook Share to twitter Share to linkedin Photocredit: © 2019 Bloomberg Finance LP © 2019 Bloomberg Finance LP This is options expiration week in the month of June. This week has a seasonally bearish bias, so we are likely to see some pullback but the uptrend remains intact. Here are short-term trading selections
Seven percent dividends. That’s what my 18 favorite stocks and funds yield on average in my “No Withdrawal” Retirement Portfolio. And it’s that very yield that gives the critically-acclaimed portfolio its name. Investors collect so much income every month that they don’t need to pull out their nest egg to make ends meet. The regular
: Getty Getty Facebook’s digital currency, Libra, is a mixed blessing for Bitcoin and other digital currencies—it could make or break them. Libra has already created a positive social media buzz for digital currencies, sparking a strong rally, which sent Bitcoin firmly above $10,000, again. “Libra is going to continue to gain attention, not only
It seems that every few weeks, articles and books pop up that rate the best places to retire. These publications often focus on the “vacation” part of retirement, touting exotic locations, or they focus on items they can quantify such as taxes and the cost of living. The key word that’s missing in these publications
Who will you ask for help if things don’t feel right in retirement? (photo credit: Getty) Getty A retired family member needed some medical supplies. My wife usually takes care of this stuff, but she was out of town, so the task fell to me. At first, it wasn’t a big deal. I was just going