Reverse mortgages have been around for a long time, but in recent years they have become more popular. Though some experts consider a reverse mortgage a last resort of sorts, depending on your own financial situation, a reverse mortgage may be helpful.
Retirement can sneak up on you.
If you’ve spent more than five minutes on a kid’s television network, you’ve seen just how inundated young kids are with commercials for everything from the latest gadget, to some dreadful snack that features something gooey and/or messy. It’s also safe to bet that many of these kids run to their parents, wanting to buy some or all of these items.
Why Do People Put Off Saving for Retirement?
A lack of money is but one answer.
Common wisdom says that you should start saving for retirement as soon as you can. Why do some people wait decades to begin?
Nearly everyone can save something. Even small cash savings may be the start of something big if they are invested wisely.
Are Your Beneficiary Designations Up to Date?
Who should inherit your IRA or 401(k)? See that they do.
Here’s a simple financial question: who is the beneficiary of your IRA? How about your 401(k) or annuity? You may be saying, “I’m not sure.” It is smart to periodically review your beneficiary designations.
What Should You Keep?
Even with less itemizing, there are still tax documents you want to retain for years to come.
Fewer taxpayers are itemizing in the wake of federal tax reforms. You may be one of them, and you may be wondering how many receipts, forms, and records you need to hold onto for the future. Is it okay to shred more of them? Maybe not.