Personal Finance Advice and Commentary

Wednesday, March 23, 2016 7:05 am
By Dr. Don Taylor · Bankrate.com

The National Reverse Mortgage Lenders Association reports that America’s seniors have $5.83 trillion in home equity, which is 16% more than the pre-recession peak.

Thursday, January 28, 2016 10:11 am
By Dr. Don Taylor · Bankrate.com

Employers have moved away from offering pension plans with their defined benefits to offering defined contribution plans where the employee contributes from his or her salary and the employer may offer a matching contribution to a 401(k).

Friday, September 25, 2015 11:42 am
By Dr. Don Taylor · Bankrate.com

When seniors tap the equity in their home through a loan, they’re re-leveraging their investment in their residence. A reverse mortgage doesn’t have a monthly payment, but the interest expense is added to the outstanding loan balance.

Tuesday, August 11, 2015 5:05 pm
By Dr. Don Taylor · Bankrate.com

When it comes to developing a strategy for claiming Social Security benefits, there’s not 1 decision that’s right for everyone. There are a lot of variables.

Thursday, July 23, 2015 5:43 pm
By Jennie L. Phipps · Bankrate.com

There are many types of housing to consider, but getting a reverse mortgage can be a good option for staying put.

Friday, July 03, 2015 7:00 am
By Dr. Don Taylor · Bankrate.com

In 2011, the courts established that HUD had violated the law by triggering payment of the loan while the non-borrowing spouse was still in the house.

Friday, May 08, 2015 7:00 am
By Dr. Don Taylor · Bankrate.com

The problem with self-insurance is that you don’t know when you’ll need the coverage. It’s not just for seniors; many people aren’t saving enough for retirement now.

Friday, April 03, 2015 9:13 am
By Dr. Don Taylor · Bankrate.com

Considering health care costs, a long-term care strategy and managing longevity risk, the goal of not running out of retirement income requires a lot of financial planning.

Tuesday, September 30, 2014 5:09 pm
By Jennie L. Phipps · Bankrate.com

Reverse mortgages are getting more respect now that retirees really need the money.

Monday, September 22, 2014 7:05 am
By Dr. Don Taylor · Bankrate.com

Empty nesters and seniors facing the decision of whether to downsize have a few options.

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