Social Security Benefits Less for Moms, Study Finds

Mothers with one child receive 16 percent less in benefits than non-mothers, and each additional child shrinks benefits by another 2 percent, according to a new paper from the Center for Retirement Research at Boston College titled How Much Does Motherhood Cost Women in Social Security Benefits? In an article for Forbes.com, contributing writer Kate … more Social Security Benefits Less for Moms, Study Finds

Reverse Mortgages Subject of New Article in Journal of Financial Planning

Once thought to be a strategy effective only for the mass-affluent, new analysis from researcher Barry Sacks shows that the “almost-affluent” can also benefit from establishing a HECM line of credit as early as possible, particularly if they are house rich and cash poor. Sacks shows that taking the HECM early produces a significantly higher … more Reverse Mortgages Subject of New Article in Journal of Financial Planning

Solving America’s Long-Term Care Crisis

A blog post published this week by AARP’s Jean Accius, titled Hanging in the Balance: The High Cost of Long-Term Services and Supports, summarized a recent panel discussion sponsored by Genworth that addressed America’s looming long-term care crisis and what needs to be done to help millions of impacted families. “For many families, anxiety levels, confusion, … more Solving America’s Long-Term Care Crisis

Comparing Home Equity Options

If savings, Social Security, and modest retirement income is proving insufficient, you may consider the role your home could play in meeting daily living expenses or planning for a secure financial future. That’s according to Amy Ford, senior director of home equity initiatives and social accountability at the National Council of Aging, in a blog … more Comparing Home Equity Options

Interactive Tool Helps Consumers Avoid Retirement Planning Mistakes

The Center for Retirement Research at Boston College unveiled a new interactive program, called Curious Behaviors That Can Ruin Your Retirement, that helps consumers avoid certain behaviors that could impede their retirement planning. A host leads users through exercises designed to create an “Aha!” moment as they relate to the behaviors. The host then explains … more Interactive Tool Helps Consumers Avoid Retirement Planning Mistakes

How the Rich Prepare for Retirement

A new UBS Wealth Management Americas survey found that affluent retirees left the workforce only after accumulating a certain level of assets, invested more heavily in stocks compared to prior generations and conducted lifestyle planning to ensure they remained active and happy. That’s according to Money’s retirement columnist, Walter Updegrave, who discussed these key survey takeaways in … more How the Rich Prepare for Retirement

New Interactive Retirement Tool

The Center for Retirement Research at Boston College unveiled a new interactive program, called Target Your Retirement, that helps near retirees develop reasonable plans for maintaining their standard of living in retirement. With user inputs, the program calculates an income target and estimates how close the user is to hitting it. Target then lets users adjust three … more New Interactive Retirement Tool

Reverse Mortgages Offer Solution to Pay for Family Caregiving

Millions of retirees will receive long-term care – not from an assisted living facility or home care agency, but from their adult children – and a reverse mortgage could provide needed funds to pay for such services, according to an article that appeared on ThinkAdvisor.com, entitled Preparing Clients for Family Caregiving. While family caregiving is … more Reverse Mortgages Offer Solution to Pay for Family Caregiving