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Biggest Financial Regrets and What You Can Do About Them

Sinatra said it best: “Regrets, I’ve had a few.” In a long, adventurous life, you’ve probably racked up more than your share too, both emotional and financial. That passed-up investment in a certain Internet search engine. The loan to your brother that went unpaid. The timeshare that cost many times more than the salesperson said […]

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Sequence of Returns Risk: How It Impacts Retirement

On Feb. 12, 2020, the Dow Jones Industrial Average (DJIA) closed the trading day at a record 29,568.57. If you were an investor in the market and a fan of Abraham Lincoln, on whose birthday the new high was achieved, you had big reasons to celebrate. However, on March 23, 2020, just 40 days later, […]

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How to Increase Your Credit Score Fast

Today, whether your goal is to buy a home or a car, rent an apartment, apply for a job, obtain a business loan, receive a lower insurance rate or simply get your utilities turned on in your name, you can expect the person or company evaluating your application to ask for permission to review your […]

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What is LESA?

Have You Been Properly Introduced to LESA (to Help You Pay Your Property Taxes)? In applying for a reverse mortgage to help you retire better, one of the steps, established by the FHA in 2015, is a financial assessment to determine your ability to maintain your home and regularly pay your property taxes and homeowners […]

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10 Things You Should Never Do to Try to Save Money

While it’s a good idea to be reasonably frugal, and there are a lot of great and practical ways to save money, it’s possible to take things too far. Certain money-saving ideas may sound good initially but then they tend to backfire. Here is a list of 10 things that you should not do to […]

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Streamlined Appraisal Process During COVID-19 Period

An essential part of every reverse mortgage loan is the home appraisal, which is used to determine the value of the home on which the loan approval and loan amount are largely based. Due to the social distancing measures now in place to limit the spread of COVID-19 and to protect the health and safety […]

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Sequence of Returns Risk Takes Center Stage with Markets Down

In plain English, sequence of returns risk means that if the stock market plunges at about the same time you retire and start taking regular withdrawals from your primary investment account, you could be in for a big financial shock. That’s because an investment portfolio exposed to stock market losses early in retirement, and then […]

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Should You Accept the Job of Executor of Someone’s Will?

If you’ve been asked to serve as the executor of someone’s will, you should feel honored. It shows the person has a lot of faith in your integrity, as well as in your ability and organizational skills to carry out his or her last wishes. But just because you’ve been offered the role doesn’t mean […]

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10 Reasons Having a Good Credit Score Is Important

If you’re retired, own your own home or just feel you have pretty much bought everything you’re ever going to need in life, you may assume that maintaining a good credit score is no longer such a big deal. What difference does it really make, you ask yourself, if your FICO score is 500 or […]

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32 Best Senior Citizen Discounts To Use

By being both old (even age 50 may qualify) and bold, you may be eligible for all kinds of senior discounts to help you stretch your retirement dollars farther. Use your age advantage to score discounts at museums, national parks, and, of course, many of the establishments you frequent on a regular basis, like grocery […]

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