Home and Retirement

Top Ten Reasons Why Women Need to PLAN Their Retirement

By: Kim Kirmmse Toth | 08/10/2007 | Careers
Ladies, please do not take these lightly. These may not be for the faint of heart but they are extremely important. There is a great many articles on this subject, but here are 10 reasons in a nutshell for you to pay attention to NOW!

How To Plan For Your Retirement

By: Obinna Heche | 26/05/2008 | Finance
A retirement home business is just that, a business you start or operate after retiring from another career. Today millions of Americans are operating retirement businesses for reasons ranging from financial need to just wanting something to do to keep them active, alert, and engaged.

Increase Your Retirement Savings With a Home Business

By: John McRae | 30/09/2008 | Internet
With the current financial situation many people are concerned about their retirement income. As the stock market falls and large financial institutions fail the average investor has seen their retirement nest egg get substantially smaller

Baby Boomers Choose Cruise to Cash : A New Business Model For Home Based Opportunity

By: Marsha Kantor | 14/11/2007 | Internet Marketing
Marsha 's Cruise to Cash Business Model is attracting Baby Boomers in large numbers.The solid travel products, the simplicity, Marsha Kantor's Mentorship and support system, provide the large income potential and the ability to have FUN for this large segment of the population nearing retirement.

Its Your Retirement Planning To Do Right Or Wrong

By: Wayne Miller | 29/02/2008 | Finance
Planning for retirement is something grown ups do. So as soon as you can when you settle into your adult life, if you can get your retirement planning moving, you will benefit from the wisdom of moving on this early in life when its time for you to retire. Too often young people live in a fantasy world that they will never grow old.

How to Use the "Nest Egg" Approach To Skyrocket Your Network Marketing Prospect Base

By: Monique Hawkins | 16/05/2007 | Home Business
As a professional network marketer, you know there are numberous ways to build a prospect base. However, did you know many networkers are using now using a very unique, low-key, and non-threatening approach? You could call this the "Egg Nest" approach.

Enjoying Retirement To The Fullest With Serious Wealth

By: Wayne Miller | 11/07/2008 | Finance
One of the most common dreams many people have for their retirement years is to travel. So often when you are in the middle of building a career and raising a family, your travel consists of trips to Orlando for Disney World or doing something focused on the kids.

Getting Close To Retirement Age?

By: Robert Michael | 20/07/2006 | Advice
If you find yourself getting close to retirement age without a nest egg, do not despair. There are still things you can do during your 40s and 50s to get yourself prepared for retirement.

Kevin McCormally: I am Kevin McCormally of Kiplinger's and I am here with Mary Beth Franklin, Retirement Editor of Kiplinger's Personal Finance magazine to talk about what will your home equity plays in your retirement plan. Mary Beth we've seen astounding increases in home equity in recent years and a lot of people I think are counting on that home to help finance the retirement. Set a good way to thank?

Mary Beth Franklin: Well, it depends how far away you are from retirement. If you're years or decades away, it could be a risky gamble that maybe your home is not going to appreciate 20% a year for the next decade, and if you are not saving enough for retirement, your home is not going to bail you out.

Kevin McCormally: Okay. Let's say you're close to retirement within a few years, then can you count on the home equity?

Mary Beth Franklin: Yes, it's a good bet at that point. You've got several options. If you have no mortgage or little mortgage, your retirement income needs are substantially reduced, just stay put. You might want to get a home equity loan though just for an emergency basis if you have some major repairs or whatever. But, you have another option, maybe you want to sell it by something less expensive and take some of those proceeds and invest it. It will really fat the NASDAQ.

Kevin McCormally: Well, what about a reverse mortgage? I hear about them, does that make sense?

Mary Beth Franklin: Well, they have been around for quite a while but are just gaining popularity. A reverse mortgage is just like it sounds. It's like the mortgage that you are paying your house, but in this case, it's in reverse, they pay you money and your debt goes overtime.

Kevin McCormally: Who does it make sense for?

Mary Beth Franklin: Well, first of all you have to be at least 62 to take one out, and how much you can get in terms of payment is based on your age, the older you are, the bigger the amount, the value of the house and the interest rates at that time.

Kevin McCormally: Let's say you borrow too much, can they throw you out of your house to recover the debt?

Mary Beth Franklin: No, you can never be forced out of your house. That's one of the great safeguards of a reverse mortgage. The loan never has to be repaid until you move out permanently or until you die, and at that point, the home would be sold, the loan would be repaid and anything left over would go to your heirs.

Kevin McCormally: Okay. Thank you Mary Beth.