5 steps to quash problems over inheritance

Story after story gets written about the rich and famous individuals and their not so rich or famous peers whose adult children and second, third or even fourth spouses argue about what they would want once they become cognitively impaired or die.  Unfortunately, it’s proven time and again that if there is a time when…

Read more

Reverse Mortgage Changes Will Take Effect in April

Beginning this spring, homeowners applying for a reverse mortgage will have to undergo a financial assessment to determine whether they can handle the ongoing costs of the loan. The Department of Housing and Urban Development (HUD) announced that financial assessment for reverse mortgages will come into effect on April 27, 2015. It is poised to…

Read more

Why getting Dad to give up the keys hurts Mom

A study out of the University of Missouri found that even if just one member of a senior couple stops driving, both individuals suffer the consequences.  Because driving plays such a significant role in the American identity, the loss of independence can affect the emotional well-being of the non-driving partner.  According to the study, even…

Read more

Predicting health care costs in retirement

Health care expenses are a key component to retirement expenses, representing the second highest share of household expenses (behind housing costs).  When you are looking at expenses to determine whether you can afford to retire, a new report suggests that health care expenses break down into two categories.  The report, put out by the Employee…

Read more

Protecting your 401(k) from excessive costs

Many Americans focus their retirement savings plans almost exclusively upon their 401(k) plans through their employer.  But, high fees cost Americans tens of thousands of dollars over the course of their working lives.  Those plans have costs that are deducted from your investment each year.  According to online financial advisor, FutureAdvisor, a working couple could…

Read more