For many older Americans, retirement comes with a mix of financial security and new challenges. While Social Security provides a reliable income stream, it’s rarely […]
Laid Off at 61: Now What?
A Moneywise reader recently posed a difficult question: “I’m 61, laid off, with $103,000 in savings and a $1,800/month mortgage. How do I bridge the […]
Unlocking Tax Benefits with Reverse Mortgages
Robert Powell: How might you use a reverse mortgage to manage taxes in retirement? Here to talk with me about that is Don Graves. He’s […]
“Should I Live Under a Bridge?” I receive more than $5,000 a month from Social Security and retirement, but soon my property taxes will be $20,000 – I need help
A 76-year-old widower and former schoolteacher recently inquired about her Social Security income, which made headlines. She claims that her monthly Social Security benefits amount to […]
Jumbo reverse mortgages are on the rise
As home values continue to rise, many homeowners seek financial solutions that align with their property’s new, increased values. Reverse mortgages offer a compelling option […]
Ramsey calls a federally-insured loan a ‘Rip-Off’
Syndicated radio and television financial pundit Dave Ramsey has attracted a large audience with his no-holds-bar blunt advice for Americans struggling with debt or seeking […]
FHA Increases Loan Limits for 2025
The Federal Housing Administration (FHA) has announced its loan limits for 2025. The nationwide rise in median home prices indicates most buyers across the country will see […]
3 Brilliant Money Moves Many Retirees Don’t Know About
There is a time to work, a time to plan for retirement, and a time where you stop working to put that retirement plan into action. […]
Boost Your Retirement: Top Income Sources When Social Security Falls Short
In just a few days, the first Social Security payments of 2025 will be distributed. Beneficiaries who have retired will see an increase of $49 […]
Social Security Not Enough to Make Ends Meet in 2025? 4 Other Retirement Income Sources to Consider
We’re just days away from the first Social Security checks of 2025. The average retiree will get $49 more compared to last month, bringing the average benefit […]
They even do it in the land down under!!
How your home could help fund a more comfortable retirement Accessing the equity in your home can provide the extra funds to live your best […]
What’s the best home equity borrowing option right now?
There are multiple attractive ways to borrow from your home equity right now. / Credit: Getty Images Inflation is almost at the Federal Reserve’s target 2% […]
How to Uncover the Social Security Time Bomb
Many older homeowners across the nation are anticipating a modest increase in their Social Security benefits. The 2025 cost of living adjustment (COLA) for Social […]
HECMs Can Address These 3 Retirement Risks
It’s common for retirees seeking to secure their financial future to encounter significant risks. Typical concerns include paying for long-term care, managing cash flow, and […]
Reverse Mortgages for Seniors: An Unbiased Look at Risks and Rewards
Is a reverse mortgage right for you? Explore the benefits and drawbacks to make an informed decision. Reverse mortgages have become a popular financial planning […]