Main Intro: If you're looking to reduce the guesswork and worry of managing your nest egg in retirement, Bankrate.com's special feature looks at managing income in retirement.
Reverse Mortgage Intro: If your biggest asset is your home - a reverse mortgage could be a retirement win for you.
Leslie Corcoran: A reserve mortgage is basically taking an individual's home and looking at that the value of that home and then paying them a set dollar amount for the rest of their life - either via - similar to an annuity. They can also get a line of credit or a lump sum payment. But basically, paying them based off the value of that house. There aren't any loan payments due - and basically it just accumulates interest as that money is outstanding and upon the individual's death, then the house is sold or from other assets the reverse mortgage is paid off.
« Back to Retirement Income products.
Studies have shown employees who take advantage of 401(k) advice do better than their peers.
You may find less money in every paycheck, but in the long run, saving in a 401(k) will pay off.
If you have more than one retirement investment option, which should you fund first?
With the changing retirement landscape, do you ask yourself if you'll ever get to retire?
Follow this three-step process to choose the investments in your retirement plan.
Want to save on insurance? Make sure to check on any new discounts your insurer may be offering.
Follow these three steps to raise your credit score now before you start borrowing money.
No longer finding free checking at your bank? You may want to consider a credit union.
Planning, clipping and budgeting can save you money on your food bill.
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A little research could save you BIG on interest.
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