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Busting Three Half-Truths About Reverse Mortgages

A few years back, I conducted and published research in the Journal of Financial Planning that showed Americans don’t understand reverse mortgages. In fact, respondents scored below 50 percent on a 10-question true-false quiz.

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How to Get Investors to Save More for Retirement? Perhaps by Saying Hello to Their Future Self

The number of Americans prepared to meet their basic expenses in retirement has drastically declined in the last 20 years, according to research published by Boston College.

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Breaking Down The Complex World Of Social Security Spousal Benefits

Social Security is part of the bedrock of retirement security in the United States. For one-third of all retirees, Social Security represents nearly all of their retirement income. For two-thirds of retirees, Social Security makes up more than half of their retirement income. Overall, Social Security represents nearly one-third of all retirement income for retirees.

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Why You Need Disability Coverage

A group policy from work probably won’t replace enough of your income to meet your needs. You may think that your financial life is in perfect order. You have a solid plan to reach your goals, including maxed-out retirement savings and enough life insurance to protect your family in case you die while you’re still earning an income. But it’s a safe bet you’ve left one gaping hole that could jeopardize all of your planning: the risk that you will become disabled and unable to work.

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Ensure you get a tax deduction for that charitable donation

As they say, good deeds are their own reward. Even so, there’s nothing wrong with taking a tax deduction for a charitable donation. Not surprisingly, the end of the year — a time when people like to wrap up loose ends — is an especially popular time for giving. December takes the top spot for giving, with 18 percent of donations occurring in that month.

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How to Retire Comfortably While You’re Still in Debt

Retirement plans often involve traveling, socializing and feeling financially secure, but they don’t usually include paying off debt. However, the reality is that many Americans close to retirement will carry debt into their golden years and must plan accordingly.

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Think you’re not rich enough to need a will? Think again

Does everyone need a will? And if so, when is the time to get one? “Many people think that they don’t need a will … since they don’t have an ‘estate,’” said certified financial planner Scott A. Bishop, partner with STA Wealth Management. “That is just wrong.

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Wall Street Managers have cost Americans more than $600 Billion over the Past Decade

Over the last decade, fund managers who oversee the pensions of the nation’s teachers, firefighters, police and other government workers have doubled down on an investment strategy that has cost U.S. taxpayers at least $600 billion, possibly more than $1 trillion, investment data and calculations by Yahoo Finance found.

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