Boomers & Beyond

Wed
09
Sep

Three things to know about reverse mortgages

Is it in your best interests to pursue a reverse mortgage? With the help of a financial advisor, you can determine the answer. (submitted photo)
Is it in your best interests to pursue a reverse mortgage? With the help of a financial advisor, you can determine the answer. (submitted photo)

Money Management
MNCPA

One of the retirement planning resources that has gained interest in recent years is the reverse mortgage. A reverse mortgage allows you to convert part of the equity in your home into cash without paying additional monthly bills. If you’re 62 or older — and want money to pay off your mortgage or pay for other expenses — you may consider a reverse mortgage.
If you decide to look for one, the Minnesota Society of CPAs offers these three questions to ask so you can decide if a reverse mortgage is right for you.

Sun
02
Aug

Strategies for minimizing student debt

Struggling with student loans? You're not alone.
The Consumer Financial Protection Bureau reports that U.S. student loan debt exceeds $1 trillion, and student loan debt among seniors 65 years and older has climbed a whopping 600 percent in the last decade.

Sun
02
Aug

75-year-olds and beyond still paying off student loans

A few weeks ago, the Consumer Financial Protection Bureau announced that it was gathering information about student loan servicers -- the companies responsible for collecting and processing student loan payments.

Wed
08
Jul

Get them together and on the road — on a budget

Get them all together this summer — with a plan and on budget. (StatePoint)
Get them all together this summer — with a plan and on budget. (StatePoint)

You hear about everyone else's "destination vacations" with three — sometime four — generations. Considering the cost of taking a group anywhere, how do they do it?

And how can you?

Tue
07
Jul

Retiring at 65 ­— can you do it? Should you?

Financial Professionals Association
A retirement plan with a solid, well-thought-out income strategy serves as vital protection against the many risks that threaten a person’s income during retirement, risks such as outliving one’s assets, losing a sizable portion of a retirement nest egg in a financial or real estate market downturn, getting ambushed by a health crisis or long-term care need, and seeing assets erode faster than anticipated due to rising inflation.

Wed
03
Jun

What’s the max-out monthly Social Security payment?

Your Social Security
Rhonda Whitenack and Jim Czechowicz
 
Q: I’m planning my retirement. What is the maximum Social Security benefit I might receive?

Mon
01
Jun

Back-and-brakers risk broken boats

This guy’s doing it right. Insurance companies get claims from the backers-and-brakers who don’t want to get out of the car to untrailer their boats — after the hull hits the cement. (submitted photo)
This guy’s doing it right. Insurance companies get claims from the backers-and-brakers who don’t want to get out of the car to untrailer their boats — after the hull hits the cement. (submitted photo)

Make sure that as you take the boat out, whether it's just loaded with you and your fishing gear or the family and grandkids, that you're all safe.

Sun
03
May

Simple tips to lose weight and improve your health

While a healthy lifestyle can certainly help you get the body you always wanted, the benefits extend well beyond your appearance, experts say.

Sun
03
May

Are you reaching for the right pain medication?

The effects of your painkiller medication may be worse than the pain you’re actually treating.  (Courtesy of Khamkula - Fotolia.com)
The effects of your painkiller medication may be worse than the pain you’re actually treating. (Courtesy of Khamkula - Fotolia.com)

The use of opioid painkillers such as Vicodin and Oxycontin is on the rise and this trend is taking its toll. Opioids account for 46 deaths each day in the United States -- more than any other drug.

Mon
06
Apr

Tips for tracing your family’s past

Learning about your ancestry can be a fun, and sometimes challenging, adventure.
Learning about your ancestry can be a fun, and sometimes challenging, adventure.

Were your ancestors humble farmers or wealthy nobility? Did they travel to find their fortune or have they always lived close to your current home? Exploring your genealogy can be fascinating.

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