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Seniors who take advantage of the reverse mortgage programs offered by the Department of Housing and Urban Development (HUD) will be expected to pay two distinct mortgage insurance premiums. The first will be an upfront mortgage insurance premium, or MIP, that is collected by the Federal ... Views: 1094
As baby boomers approach retirement, there is the realization they have forgotten how to play. Not to be confused with self-indulgence, play is an activity that needs to be cultivated in a whole new way.
What is play? Believe it or not, baby boomers have forgotten how to play. Learning how ... Views: 1092
There is so much positive information going around about the Memphis Tennessee real estate market lately its staggering. From the influx of Electrolux, the appliance manufacturing company, to Mitsubishi opening a manufacturing plant in Tennessee bringing thousands of jobs, to Pass Pro building ... Views: 1091
There are several reasons you need to utilize an email newsletter as part of your marketing plan. Let’s discuss one of those reasons today.
The buying decision when it comes to purchasing online is different than when you purchase from a traditional brick and mortar practice.
It's very ... Views: 1091
Many people in our society are clinging to retirement myths, despite the publicity and information available. Holding on to these myths as truth can be very harmful to your happiness in retirement.
To help you avoid holding on to these detrimental myths, I’d like to offer my take on ... Views: 1089
Savings is very important in retirement planning. This is what you are going to spend during your retirement period. Do you have enough savings to cover you for your retirement? Saving is not easy, especially when you have a lot of expenses to pay, like monthly bills, food and ... Views: 1086
Retiring from ones employment can be a stressful time but it doesn’t have to be. Realize that it’s natural to be nervous, anxious and/or confused when you’re going through a major life change. Your decision to retire is causing you to step outside your comfort zone and is forcing you to make ... Views: 1083
How can someone create their own retirement plan? When I say create your own retirement plan I mean making use of all the retirement options available to all people. It is time to depend on your own resources instead of just the government or your employer for your retirement income.
Use ... Views: 1082
Thousands of people turn 55 each day in Canada. Most of them will retire for the first time, unsuccessfully, at age 57. Why “unsuccessfully”? Because while many pre-retirees plan and calculate their financial resources to ensure an adequate nest egg to fund their retirement, almost none of them ... Views: 1077
Many Baby Boomers today probably have a 22 year old who is just entering the “real” job market. No longer working at McDonald’s, mowing grass or the local department store. Here are 3 things a Baby Boomer would or should teach their 22 year old child.
#1 Thing to do. Start Saving ... Views: 1073
You have a life insurance policy that no longer meets your needs – or perhaps the premiums have become too costly. No matter the reason for wanting to get rid of your life insurance policy, a Views: 1064
The concept of “retirement” has only been around since the late 1900’s. Many “Retirees” have replaced this concept with renewal--persons that have decided that they still have many productive years left. They’re doing a variety of things from a chemical ... Views: 1059
As the boomers retire, they have the opportunity to enter an exciting new adventure. Without planning, this new retirement could turn into dreary nightmare.
Experts have identified six key issues that are important when facing retirement. They are: wealth, health, relationships, ... Views: 1052
IRA income stress is very common among retirees but it doesn’t have to be! You can set up your income to go up with inflation, be guaranteed, and never go down. I had a fairly new retiree, let’s call him Mr. Jones, in my office the other day that had only been retired about 7 years. He ... Views: 1051
Home Equity Conversion Mortgages (HECMs) remain popular with seniors interested in making the most of their home equity during retirement. While many of the requirements necessary to qualify for an HECM are clear, others are somewhat hazy. Seniors who are interested in these loans often wonder ... Views: 1050
There are three main pension types:
1. Private (or Personal) Pension
2. Company (or Occupational) Pension
3. Stakeholder Pension
Each type has its own advantages and disadvantages. However, when compared to other ways of saving for your retirement, there is one major advantage that they ... Views: 1048
Mistake #1: Retiring when what you really needed was a break. All too often I see people in their fifties and sixties who retire or take an early incentive offer because they think they’re ready to stop working. After a few months or a few years they find themselves bored and restless and ... Views: 1045
Daniels Design And Remodeling For Your Bathroom Remodeling Needs In Nova
small master bathroom remodel ideas or modify is a champion among the most endorsed ways to deal with increment the estimation of your home. The regard made in such a way can be acknowledged in case you will stay in ... Views: 1043
Planning for your retirement while you are still working is a good idea. Especially if you are looking forward to a peaceful and tension free retired life, make sure you start your planning early. The biggest problem you would probably face after your retirement is related to your finances since ... Views: 1041
This article provides a general overview of a retirement time line without enumerating all the pros and cons surrounding the age specific decisions. Many people think major retirement decisions coincide with your 65th birthday. In reality, many important decisions begin as early as age 50. ... Views: 1035
By now, most adult consumers have at least heard of a reverse mortgage. Many also know that these loans are a way for retired adults to withdraw a portion of the equity in their homes. Still, the specifics of these loans often leave consumers with many important questions. To gain a better ... Views: 1029
People think they will find a hobby or get involved in volunteer work after they retire. Studies show this is not the case. Unless you were involved with activities prior to retiring, you will struggle afterwards. Here’s how to get started finding new interests.
For many, retirement is about ... Views: 1026
Presently, many retirees are looking at alternate sources of income much like the purchase of a reverse mortgage program given that they battle to survive on social security and savings on it's own. During the stock-market meltdown of 2008, quite a few mature adults lost an excessive percentage ... Views: 1025
“The pomp of death alarms us more than death itself.” (Lucius Annaeus Seneca, 4 BCE – 65CE). Those words are perhaps more true today than they were when Seneca the Younger first uttered them. All sorts of emotions play havoc on our nerves when we consider our own death. Anxiety, sadness, ... Views: 1025
When I was a practicing investment advisor I specialized in retirement planning. I would meet with my clients, review their savings and investments, and discuss their goals. Our discussion would involve how much money they wanted in their retirement and how I could help them by managing their ... Views: 1024
or every grain of sand on the beach and every star in the sky, there is a different theory on life after death. No one really knows what happens. And it is that inability to find some tangible proof of the afterlife (if there is one) that is often replaced by a profound desire to control what ... Views: 1023
According to a story published in Business Week on March 5, 2009, the “53% plunge in the Dow Jones industrials since October 2007” translates into the disappearance of “more than $10 trillion of stock market wealth.” Not only did individuals lose significant money, but so too did pension plans, ... Views: 1021
Planning for retirement is definitely a busy and exciting time filled with decisions. There are so many things to do and decisions to make but there is one thing that you need to make sure you know and benefits (such as life, health, dental and other insurance). Good news is that, for most ... Views: 1021
Enjoying your retirement is hard to do when you constantly think about your IRA income and other retirement investments. If you were honest you probably think about money and your investments several times a day.
You probably check the paper almost every morning or catch the news just to ... Views: 1018
We all know we need to save for retirement. The question becomes: Where should I save my money? The simple answer for many will be their work 401k plan. I want to give you five advantages of a 401k plan. Most people have a 401k plan, but they do not know how to take full advantages of a 401k ... Views: 1017
How is your IRA doing? If yours has been performing like most people's, your savings have been virtually decimated in the last few years. That's very unfortunate, and it happened because so many people don't know what they need to do to keep their savings safe even during bear markets, and to ... Views: 1014
In the Olympics, you may have had a chance to watch a track and field superstar win a gold medal. Once they cross the finish line, their sheer excitement, happiness, and pride for their country is the engine that makes them take that victory lap. The pressure is gone, the results of the hard ... Views: 1005
When many people prepare for retirement, they focus intently on finances and basic budgeting. While finances are important, remember that you also should create a smart plan for day-to-day life based on your desired lifestyle. You understandably want to be as comfortable and as happy as possible ... Views: 1004
Close your eyes for a moment and picture yourself enjoying your ideal retirement. Perhaps you’re standing knee-deep in a Montana river, fishing for trout. Or strolling through the streets of Prague. Or reading Faulkner on the back porch, listening to the sounds of your grandchildren playing in ... Views: 1004
Life begins at 50 and there could be no denying to this fact. Post retirement, you would have plenty of time and money. If you can stay healthy then you can enjoy your post retirement life to the full. For healthy life, you need to stay active. As age advances, vital body organs become slow but ... Views: 999
There are very few instructions on how to retire. Other than being told, it’s a time to enjoy yourself, there are few models. Baby boomers want it all, but understand that thirty of years of play may not be all there is.
Sometime in the first few months of retirement, the reality will hit ... Views: 995
As boomers approach retirement, old age feels a long way off. The new retiree is entering a second growth. What used to feel like a mid life crisis is now an opportunity to make a dramatic shift as to how you live life.
Because of the image it conjures, we’ve come to dislike the word ‘retire’. ... Views: 991
People often think to shift at a safe, economical and beautiful place after their retirement. Panama is one of the ideal places to live after retirement and it is considered among the most suitable retirement havens. This Latin American country is renowned for its beautiful scenic mountains and ... Views: 990
Julie had been a middle school teacher for 35 years and, while she loved her work, she was happily anticipating retirement. A few months into it, she found herself at loose ends, with no real motivation or focus. Something was missing. And that something, she realized, was a sense of purpose. ... Views: 986
Seniors are commonly told that reverse mortgages are not short-term loans. If an individual plans to move in the next few years, a reverse mortgage will probably not be his or her most economical option. In the past, seniors who planned to move in the near future did not have a reverse ... Views: 982
In all the devastation caused by the recent recession, one bright spot is the number of Americans paying more attention to their retirement planning. We’ve all heard the ugly stories of people forced to remain working because their retirement investments disappeared, and of people forced to ... Views: 980
The boomers new retirement is reinventing the contri0buting citizen, seniors actively involved in the community. Now is the time to explore new adult’s activities that will create a sense of purpose and change the world.
Roseanne knew she would never retire in the traditional sense of the ... Views: 979
To retire is to stop something you are doing, thus leaving space to start something new—sometimes simply a time of rejuvenation and rest.
For some of us, retirement from our professional or work life is a distinct life marker. Other times, it is a seamlessly flowing transition from one ... Views: 976
Boomer's this is not your parent’s retirement. According to the Employee Benefit Research Institute (EBRI), in 1980, 39% of American workers had a pension that paid a guaranteed payout during retirement. In 2010, that number had shrunk so that 15% of workers now have pensions. This is very ... Views: 974
When people think of retirement, they usually visualize senior travel, tourist adventures to exotic locations, visiting friends and family, getting involved in a senior activity, maybe at retirement centers, playing golf or other outdoor activities.
No matter how central your home, retirement ... Views: 974
Investments can be complicated and potentially risky ventures. The notion of your own retirement and financial well-being in your later years being "risky" or "complicated" is going to introduce fear into anyone who is making choices now that will impact their retirement savings - if you're ... Views: 973
The term health insurance (popularly known as Medical Insurance or Mediclaim) is a type of insurance that covers your medical expenses.The concept of health insurance is new in India but its awareness is growing fast. Health insurance comes in handy in case of severe emergencies. Life is ... Views: 970
Throughout Canada, reverse mortgages are loans offering a secure and straightforward means to access the funds which are presently secured in your mortgage. There are several similarities and differences amongst regular Canadian mortgage loans and a reverse home equity loan. You can apply for ... Views: 969
What is the boomers fountain of youth? It’s not about what you see in the mirror, but the way you create a good retirement and the new seniors life. Now is the time to explore, discover and take risks.
When was the last time you took a serious risk, really put yourself out there? When was ... Views: 969
As the financial situation shifts daily around the world, people are wondering if this is a good time to retire. New fears about the future make it appear that one shouldn’t even consider retirement. Whether there are concerns about money, healthcare, or creating a new life, one thing is for ... Views: 964