Retirement Answers from Retirement Experts!

Search:

Browse Topics (View all.):






Recent Retirement Answers

Asked by a 61 year old man from IL on 8/12/2019
Steve Chen
Steve Chen,  says
Hi, Good question: there are actually two components to risk tolerance: 1) Your financial capacity for risk - ex. most people of "moderate means" should not be investing in super risky investments that could put a huge dent into their savings and materially impact their future quality of life. 2) Your emotional or behavioral capacity for ... (Read More)
Asked by a 66 year old man from FL on 10/19/2019
Steve Chen
Steve Chen,  says
Hi, The Planner automatically calculates Federal income taxes (and does a blended State tax assumption). If you subscribe to Plus - then the system models Federal and State income taxes and provides more precise capital gains tax modeling as well. (Read More)
Asked by someone from CA on 8/14/2017
A NewRetirement User says
According to the rules, the borrower’s home must be a single-family residence, HUD-approved condo project, manufactured house that meets FHA requirements, or a two-to-four-unit building where they occupy one unit. Other considerations are: The home is the borrower’s principal residence and the borrower owns their home outright or has a low enough ... (Read More)
Asked by someone from OR on 4/26/2018
A NewRetirement User says
That's a great question. You can stay in the home as long as you live. Eventually the mortgage is due: upon the death of the last remaining resident, the voluntary sale of the home, or moving out of the home for 12 months or more. At that time the loan must be satisfied More information can be found at Big Reverse Mortgage - ... (Read More)
Asked by someone from OK on 10/16/2019
Michelle Dash
Michelle Dash, Financial Advisor says
It is recommended that you (or your friend) apply for your benefit of about 3 months before you expect to receive a check. This should provide enough time for the application to be processed. Additionally, your friend will receive the maximum benefit between his widow benefit and his own benefit. Social Security first pays out an individual ... (Read More)
Asked by someone from CA on 9/18/2019
Michelle Dash
Michelle Dash, Financial Advisor says
The earliest you can file for Social Security is 62. The amount you will receive at age 62 is dependent on your full retirement age and how many months you filed early. I recommend you call Social Security to ask about specific numbers for your individual situation. (Read More)

See all recent questions...