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.
Benefits start at age 62 through 70. Do you collect it right away or hold off as long as you can?
Leslie Corcoran, CFP, discusses using immediate annuities for retirement income.
You've still got plenty of time. Take advantage of tax-favorable vehicles such as a 401(k) plan and IRA.
Follow these tips to choose from the many different funds to invest in for your 401(k).
Investing can be intimidating, but getting started with a Roth IRA shouldn't be.
Do you have a life insurance policy for your dependents? Is it enough?
Have fallen gas prices given Americans a reason to increase their discretionary income?
Not all items at dollar stores are good deals. But here are five finds that can be bargains.
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