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Reverse Mortgages used differently by the wealthy

As noted by Steven A. Sass of Boston College Center for Retirement Research: “Retirement planning generally focuses on the use of financial assets.   However, home equity is the largest store of savings for most households entering retirement.”  In fact, the 2010 US Census shows that the average American 65 and…

Don’t go broke in retirement, avoid these mistakes

After all the years you’ve spent building your nest egg for retirement and the hard work you’ve put in, you’ll want to be extra careful in order to avoid spending your money too quickly. In addition, you’ll also want to watch out for tax traps and fraudulent scams that can…