Seniors will have fewer avenues to secure steady retirement income, now that the two largest lenders in the reverse-mortgage business have decided to discontinue offering the product. Wells Fargo, the nation’s top reverse-mortgage lender, announced earlier this month that it will stop originating the loans, citing inflexible government regulations and concerns that home prices could [...]
Worried about your grocery bill? You should be. Food prices hovered near record levels in May, the U.N.reported, rising faster than they have in three decades. That’s the bad news. The good news: Food is the area of your budget with the most wiggle room. You probably can’t negotiate your rent or your car payment, [...]
Paying off the mortgage early is in. Refinancing to take money out of our homes is out. In this foreclosure crisis, more people are seeking the security and psychological benefits that come with owning a home free and clear. If you want to pay off your mortgage early, you’ll find plenty of experts recommending ways to [...]
The Student Loan Ranger would like to give a special shout out to all you new graduates! As you know, we dedicate a blog post each month to questions we have received in order to shed some light on the educational debt decisions our readers face. This month, we are going to look at some [...]
There are many rules of thumb for retirement investing. Some people say that if you save 10 percent of your income, you’ll be fine. Other people recommend maxing out your retirement plan at work or maxing out your IRAs. Some investment advisers recommend a combination of retirement accounts and additional investments. Rarely do you hear a retirement [...]
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