Many Americans have used the reverse mortgage as a way to make retirement living more affordable. With the cost of healthcare and other living expenses dramatically rising in recent years, it’s no wonder that thousands of people choose this option. In 2022, a national survey of homeowners who had reached retirement age found that many had trouble covering...

Retirement often brings to mind adventures to faraway destinations, yet these aspirations can remain elusive for numerous retirees. However, the right credit card can help make such grand travel scenarios more realistic. If you work hard to earn and redeem credit card rewards strategically, you can make these voyages possible without sacrificing the savings you...

I don’t usually talk about my parents in my writing, but in this case, it helps to bring up their story as a couple. Both my Mom and Dad were hardworking, but my mother had the job that paid more in our family. She worked at Pacific Bell for 30 years, while my Dad worked...

Retirement is an exciting time full of newfound freedom and flexibility in your life and schedule. But for many retirees, retirement also leads to feelings of boredom or purposelessness. The good news is that part-time work during retirement can provide the perfect solution. Staying active with part-time jobs can let you to earn extra income while maintaining a...

Do you have a retirement bucket list? Do you know what that even is? The origins of the phrase are often attributed to screenwriter Justin Zackham, while writing “The Bucket List” script, from a 2007 movie starring Jack Nicholson and Morgan Freeman as two terminally ill friends who hit the road with a list of things they...

Once an eagerly awaited milestone, retirement is currently undergoing a transformative reevaluation. Traditionally seen as a well-deserved period of rest and relaxation, the dream of early retirement is now being challenged by a new perspective – that of embracing lifelong work. This paradigm shift reflects the changing nature of work, increased life expectancy, and the desire for personal...

You’ve worked hard your whole life. And if you’re like many people, you dream of the day you can start your carefree retirement. But to have a carefree retirement, you need careful planning. If you’re currently in that planning stage, it may be worth taking a look at a lifestyle that’s gaining in popularity: comfortable...

As the old saying goes, “better late than never.” But, that’s not always true. In some cases, a missed opportunity is better than one taken precipitously or haphazardly. However, when it comes to retirement planning, starting late is most definitely better than not starting at all. Your senior years are supposed to be a time...

Part of retirement means re-evaluating your needs and transitioning to a new chapter of life. This downsizing process can be emotional as well as beautiful. Evaluating what you need out of your home can be one of the most freeing and stressful tasks. When you first buy a home, you plan for a family and...

Retirement—that stage of life when you can step away from work and spend time with family, friends, and pursuits, relying on our savings and retirement plans to finance the daily costs of living—would in theory be nothing but a joyous time. We’re finally able to participate in activities and hobbies that engage our passions and...