Understanding the Reverse Mortgage

There are many strategies for seniors who want to increase their postretirement income, some far more appealing than others. One strategy that many have heard of is the reverse mortgage. While not necessarily a “bad” strategy, it’s important that seniors understand the ins and outs of this approach before they …

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Five Social Security Facts for 2016

The year 2016 marks an important time for changes with the Social Security system. Some of the strategies retirees have relied on are going away and, as a result, important adjustments need to be made to the way you approach your retirement planning. Fact 1: Restricted application is no longer …

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Managing Liquidity Part 2

Today, in part two of the managing liquidity series, we’re going to talk about maintaining liquidity with annuities and Social Security maximization. Both of these tools offer important ways of preserving your retirement income and providing a hedge against sequence of returns risk. 1. Maximizing Social Security: One of the …

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Managing Liquidity

In the blog post titled The Danger of Relying on the 4 Percent Rule, I talked a little bit about sequence of returns risk, which is the risk that low returns or losses during the early years of retirement can significantly impact the longevity of your retirement funds—especially if you’re …

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Planning for an Unexpected Retirement

Not everyone plans to retire early—or at all. In fact 40 percent of the 50-or-older respondents of a 2015 Harris Poll said that they didn’t plan to ever retire. Of course, we all know what happens to the best-laid plans—they often go awry. That’s why you need to have some …

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Paying Attention to Contributions

With all the various tasks and obligations stealing our time each day, it’s very easy to get into a rut when it comes to making annual retirement contributions. But it’s not a good idea to let this become a routine without periodic review—and here’s why: 1. Contribution limits change often. …

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When Bonds Go Bad

Bonds are a popular fixed income investment for seniors who want to reduce their risks and create a plan for predictable income throughout their retirement. But bonds aren’t without risk. Understanding the risks posed by bonds is an important part of protecting yourself against them.   What Are Bonds?   …

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Don’t Be a Victim: Avoiding This IRS Scam

Tax season is almost upon us, and that means it’s time for scammers to take advantage of taxpaying citizens who just want to do the right thing. The latest scam, as covered by AARP, involves people calling taxpayers and stating that they are from the IRS and trying to collect …

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Book Review: Still Alice

I’m a big believer that self-help books are a fantastic way of changing who you are into who you want to be. That’s one of the reasons I’ve devoted my writing career to the self-help genre. But I also believe that fiction books can play a fundamental role in helping …

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