Kurt Kessler

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20 Best Camping & Hiking Gifts For The Outdoorsman

Opinel No. 8 Trekking Knife<p>Nothing beats the combination of affordability and functionality when it comes to outdoor gear. And for years Opinel has …

Learn The Reverse Mortgage Basics

An increasingly popular retirement tool, the reverse mortgage has become a staple in modern times for older Americans seeking a more secure retirement. Knowing the reverse mortgage basics can help you better understand your options with these popular home loans.<p>Originally introduced in 1989 as an …

How much do I need to save for retirement?

Savings factor: Aim to save at least 1x your income at 30, 3x at 40, 7x at 55, 10x at 67.<p>You know that saving is important. After all, you want to …

Retirement

Should You Get a Reverse Mortgage?

A reverse mortgage can be a way for senior citizens to get extra income to help out with day-to-day expenses, but they aren't for everyone. Before you consider a reverse mortgage for your retirement income needs, it's important to know exactly what you're getting into and the pros and cons of this …

Personal Finance

The scary reason so many people are working beyond 65

Increasingly, American seniors are putting off the golden years of retirement. Nearly 20% of Americans over 65 are punching a clock, rather than hitting the links — the highest percentage since the 1960s. The reason for this trend is clear and worrisome: Too many Americans haven't saved enough …

HUD Says New Reverse Mortgage Updates Are Good For Everyone

According to a new report that was issued by the Department of Housing and Urban development (HUD), the newest reverse mortgage updates on the rules and laws have worked out for the better and to the positive benefit of both borrowers and lenders.<p>New changes to the Home Equity Conversion Mortgage …

Is a Reverse Mortgage the Smartest Option for Your Financial Future?

If you're over the age of 62 and trying to determine how to maximize any combination of your social security, pension, IRA or 401(k) savings while still paying off a mortgage and find that the options available to you aren't allowing you to comfortably meet your monthly expenses, build a cushion …

Here's the Bad News About Long-Term Interest Rates

Retirement savers have been waiting years for yields (that is, the interest rates on fixed-income investments) to revert back to historical norms. …

Ageing population calls for more reverse mortgages

Reverse mortgages are a way to release the equity in a home, which is an important component of wealth for many Australians.<p>Such mortgages have been …

Finance

Should You Take Advantage of a Reverse Mortgage With Current Low Interest Rates?

In today's low-interest rate environment, John Salter says now is the time to take advantage of a reverse mortgage.<p>Salter, a certified financial planner and wealth manager with investment advisor Evensky & Katz and has co-authored studies on reverse mortgages in recent years, has advocated people …

"Mass Affluent" Now Tapping Into Reverse Mortgages

When reverse mortgages first entered the marketplace, the perception was that only those people who had no other options for their retirement needed them and pursued them.<p>That perception is starting to change, as wealthier people and financial planners embrace the concept as a tool to strategize …

Palo Alto's Prices are so Crazy, a $250K Salary Needs Subsidies

City's new housing plan cuts breaks even to the upper-upper middle class<p>In Palo Alto, where even the dirt is worth seven figures, the ailing middle class needs a helping hand to meet housing costs. Mind you, down on the Peninsula, the ailing middle class makes up to a quarter million dollars a year.<p>…

6 savvy ways to save more at Lowe's and The Home Depot

Spring is in the air, inspiring homeowners everywhere to dream of ways to spruce up their abodes, both inside and out.<p>If you are among those enterprising folks, a trip to the local home improvement store may be in the cards in the near future. The two titans of this industry — The Home Depot and …

Home Depot

Clark Howard

Download Episode Clark Howard 1.26.18 Topics: Clark Stinks; Roth 401(k)'s and IRA's look…Read more<p>Download Episode Clark Howard 1.25.18 Topics: How …

Frugal Living

Retiring with a mortgage? Why you might want to think twice about that

When it comes to opining on seniors carrying debt into retirement, I’ll state upfront my personal bias that anyone with credit-card debt — or even …

Banks Advised on Ways to Protect Older Customers

The statistics are grim and are predicted to only get worse as the boomer generation ages.Nearly 1 in 5 Americans over 65 say they have been a victim …

Retirement

Increasing Retirement Savings Should Top Boomers' List

According to Capital One Investing’s Financial Freedom survey, while most Baby Boomers know the importance of saving for retirement, building their nest egg is not at the top of their list. The survey found that only 16% named increasing their retirement savings as their top priority in 2016 and …

Retirement

Scam Artists Posing As IRS Agents Continue To Target The Elderly

<b>NEW YORK (CBSNewYork)–</b> It’s a busy season for impostor scam artists, and they have the elderly in their cross-hairs.<p>As the tax filing deadline …

These 100 Fantastic Senior Discounts Make Us Look Forward to Turning 65

I don’t know (yet), but I’ve been told there’s lots of good stuff about getting old.<p>Or, well, older.<p>Although it’s easy to dwell on the drawbacks of …

Should You Use A Reverse Mortgage For Healthcare Expenses?

With rising medical costs and the increasing cost of retirement, a lot of older Americans are looking for a way to meet these financial needs. One question that has been poised is can you use a reverse mortgage for healthcare expenses?<p>In author Robert Powell's USA Today column, a reader wrote in …

It's about to get much harder for financial advisors to give bad advice

<b>UPDATE: The new rules holding financial advisors to stricter regulations have been passed.</b><p>--<p>Any day now, the U.S. Department of Labor is expected to …