Each year students in my investing class had to investigate individual retirement accounts (IRAs) and mutual funds to select the best fund for their IRA. With tight budgets, student loan payments looming after graduation, and credit card balances, saving for retirement was NOT their top priority. But after seeing examples of compound interest and how…
Day: September 13, 2016
HELOCs versus Reverse mortgages
For senior homeowners facing large expense such as roof replacement or needing extra cash tomake ends meet each month, home equity lines of credit are one option; reverse mortgages another. Learn the pros and cons of each at https://www.thestreet.com/story/13698522/1/helocs-vs-reverse-mortgages-which-is-right-for-seniors-facing-a-financial-emergency.html Source: Financial Planning for Women
6 Unusual Ways to Get Out of Debt
“Driving for Uber, pet sitting through Dog Vacay and doing odd jobs through Task Rabbit are all options to pick up extra money” according to Andy Smith, a certified financial planner. Maryalene La Ponsie describes the pros and cons of other creative way to find money to pay off debt. Her article includes links to…
Planning to work instead of save for retirement?
Think again! 7 of every 10 workers in a recent poll claimed they just planned to keep on working… and working… and …. The reality is that about 3 in 10 retirees was forced to drop out of the workforce before they planned due to poor health, job loss/downsizing, or having to care for a…
Smart Spending in Retirement… How to make your money last
Making the transition from a regular paycheck to a retirement paycheck is a real challenge in today’s low interest rate environment. A great resource to help you decide how to budget and spend down your assets in retirement is available at: https://www.moneygeek.com/seniors/resources/smart-spending-in-retirement/ Source: Financial Planning for Women