Is Retirement Good or Bad for Your Mental Health?

Retirement is supposed to be one of the best times in your life. You’ve worked for so many years to finally reach this point, and now you can relax and enjoy your time with family and friends. You can move to a warmer climate if … [Read more...]

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Is a Reverse Mortgage a Good Strategy in This Economy?

If you’re a homeowner nearing retirement age, you’ve probably seen the TV commercials about reverse mortgages. Tom Selleck offers a friendly explanation of reverse mortgages and how people use them. How accurate is what he and … [Read more...]

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Gen Xers Are Facing an Alarming Retirement Reality

Generation Xers are adults born between 1965 and 1980, and they represent almost 64 million Americans or nearly 20 percent of the population. Gen Xers are now in their 40s and 50s and are the next generation in line to retire … [Read more...]

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Why Are Some Seniors Upsizing Rather than Downsizing in Retirement?

Q. My neighbors recently retired from work and put their house on the market. Their kids have all moved out, and it’s just them and their dog. At their retirement party, they showed us a picture of the house they were building. It … [Read more...]

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Retiree Confidence Is the Lowest in 15 Years! How You Can Plan Ahead for Retirement and Long-Term Care

About 10,000 Americans turn 65 every day, and though everyone's financial situation is different, that means that millions of people are getting ready to retire each year. But according to a recent survey, many are not confident … [Read more...]

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There are Downsides to Delaying Required Minimum Distributions (RMDs)

Q. A few weeks ago, you wrote about SECURE 2.0 and some of the impactful provisions of the new law. Among them, you mentioned how the age when Required Minimum Distributions (RMDs) would need to start has increased to 73 for … [Read more...]

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SECURE 2.0: The Biggest Changes for Retirement Savings in 15 Years!

Q. I heard that SECURE 2.0 was recently passed. It supposedly has provisions that make it easier to set aside money for unexpected emergency expenses. I also heard that it will not only help people avoid a short-term money … [Read more...]

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Critter Corner: Are Your Retirement Savings Are on Track?

Dear Oakley,My husband and I are hoping to retire in the next five years, but we’re not sure if our retirement savings are on track. Are there any useful benchmarks we can take a look at to give us a sense of how we are doing? … [Read more...]

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Tens of Billions of Dollars of Benefits for Seniors Are Going Unused Every Year

Q. Inflation has gotten bad, and my wife and I have had to dip into our savings more than ever for food and other necessities. What are some ways you suggest to deal with the situation? Are there any benefits we might not be aware … [Read more...]

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