nest egg

The two biggest banks in the reverse mortgage business are getting out of it. Now, Bank of America and Wells Fargo accounted for less than half of the reverse mortgages in America, and other lenders are still writing them. But seniors in financial trouble should explore theses alternative ways to stay in their homes.

With graduation season upon us, a new batch of parents are about to become empty nesters, and there are host of hidden costs can sneak up on them. So we've asked some personal financial advisers for their best advice on protecting your nest egg after the children are grown and gone.

It was too good to last. For years, I (and every other financial expert on the planet) was able to tell people that they could tap Social Security at age 62, pay the money back later on – no interest required – and draw a higher payout years down the road. It was perfect. In effect, a...

U.S. News & World Report, recently listed the 10 ways to ruin a retirement. Among them, thinking you're not going to live as long as you actually do, not factoring in inflation, retiring too young and failing to save enough (duh). I won't bore you with all 10, because the truth of the matter...

More than half of affluent Americans report losing sleep over financial concerns, according to a new survey by Merrill Lynch Wealth Management. And, in a development that both surprised and concerned investment managers, the recession has frightened the youngest group -- those 18-34 -- into being...

For older Americans surveyed by Allianz Life Insurance Co., death is not such a big deal. Not, that is, when it compares to the spectre of a dwindling bank account. In a poll of people between the ages of 44 and 75, 61% said that running out money was their biggest fear. The remaining 39% thought...

So you bought a $4 latte for the fourth time this week. Or maybe you forgot to bring the coupon for your kid's favorite cereal to the grocery store. Most of us make money mistakes all the time (even personal finance bloggers are no exception!), but some of them matter more than others. We here at...

Retirement mistake #3 is fleeing to safety. We heard a lot from the financial pundits about "fleeing to safety" when the market was tanking. They have been quiet during the recent market rally. For retirees, fleeing to safety can be an oxymoron. Here's why. By keeping all your investments in...