The term “retirement readiness” has becomes such a hot topic in recent years that it is now requiring a new definition. For most people today, saving enough to retire at age 65 is not realistic, and this year’s Annual Retirement Survey by Transamerica finds that while most people are committed to saving for retirement, only 39% [...]

Retirees know they are facing rising health care costs. Exactly how much they will have to spend is a question, but a recent Fidelity Investments study hones in on an average figure: $240,000. For the average 65-year-old married couple retiring in 2012, the health care costs they will face are expected to be at least [...]

Baby boomers are retiring in droves. Many are relocating for retirement. Where will they live? A April survey aims to find out. Shedding light on the topic, the survey took 20 cities in the U.S. and ranked them. Basing results on responses to factors including climate, taxes and recreation, the survey ranked the 20 cities based [...]

An article published Wednesday in Financial Advisor magazine demonstrates the way in which a reverse mortgage can preserve the portfolios of retirees who have investments. On the heels of another recent article written for financial planners on the same topic, it is beginning to sound like a sea change for the reverse mortgage industry and [...]

When an article was published last month in the Journal of Financial Planning that touted the use of reverse mortgages as an important retirement tool, many reverse mortgage professionals saw the value in speaking directly to the financial planning community—a population that has traditionally been reluctant to advise their clients on the use of reverse [...]

Should seniors live alone? It’s a question posed by U.S. News and World last week in examining the pros and cons of living with family members in retirement. “Put Grandma in the garage? Yes. But a garage transformed into a well-appointed studio apartment with skylights and a patio for morning coffee,” the article writes. Home [...]