Category: Finance (page 5 of 7)
When most people think of retirement planning, they think about investing, Social Security, and how they’re going to pay for their golden years. There’s much more to retirement planning, though, than simply crunching the numbers. In fact, the numbers themselves are a bit meaningless if a retiree doesn’t know how the money will be used. …more
Pages: 1 2
Life estates have historically been used as part of Medicaid planning. A life estate can be described as a form of co-ownership of property between a “life tenant” and a “remainderman.” To own a life estate means the person, referred to as the life tenant, has the right to the use and possession of the …more
There are some important milestones to remember as you age especially the ones related to Social Security, Retirement Savings and Medicare. Here are some to keep in mind: Age 50 or over Individuals who are age 50 or over at the end of the calendar year can make annual catch-up contributions to their retirement accounts. …more
Pages: 1 2
Sometimes I wonder where I am going with the new “freedom” in my life. My children are finally on their own, leaving my husband and I to play together and apart, depending upon our moods and which hunting season it is. I am pulling away from the necessity of being a “model” employee and actually …more
Several months ago I posted about collecting Social Security early (at 62) and how long it would take for others starting at full retirement age or at 70 to catch up in payments. Several people have pointed out that while my assumptions may make sense for individuals (especially those who may not be in great …more
Pages: 1 2 3
One of the problems with selling the concept of Retirement to young people is that old age just seems so impossibly far away in the distant future. The financial services industry and the mass media love to talk about retirement but let’s face it, if you’re a recent college graduate just entering the workforce, retirement …more
Pages: 1 2
When it comes to the important topic of retirement planning, a reverse mortgage can be a valuable option you may want to consider to help you live the comfortable lifestyle you’ve always anticipated during your golden years. Though there are a variety of alternative ways to supplement your income, a reverse mortgage can be a …more
Many expats moved to Spain and the Canary Islands at a time when borrowing money from Spanish banks was a relatively simple and straightforward affair. Obtaining a mortgage in Spain, often through the developers of new build properties, and usually at a very good rate of interest, was something that many expats took advantage of. …more