Why Low Interest Rates Have a Silver Lining
As discussed in a recent post, ultra low interest rates are an...
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Mortgage
Risks in Reverse Mortgage Market Lead to Wells Fargo Exit
Bloomberg reports that Wells Fargo Bank is exiting the reverse mortgage market. Wells is apparently concerned about the risk of further declines in residential real estate prices. A reverse mortgage puts a bank like Wells Fargo in the role of lender with the home serving as the asset or collateral for the loan. Further declines in home values put the bank at risk since the asset base against which they are lending is shrinking while their obligation stays the same. A deflationary environment is...
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Retirement Planning Options
What options are available to a soon-to-be retired household that is financially constrained? What levers can be pulled if desired retirement spending is not realistic in light of retirement savings?
The financial profile we developed in related articles offers a case study of a financially constrained household.
What options are available to a soon-to-be retired household that is financially constrained? What levers can be pulled if desired retirement spending is not realistic in light...
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Will You be Able to Retire?
Roughly 10,000 Americans will retire each day for the next nineteen years. Many millions of these retirees will have financial profiles that are considered statistically average.
What, exactly, does it mean to be financially average, and what might retirement look like for the average person or household? How might the financial aspects of retirement play-out for you, your parents, or your family and friends?
Let’s take a look at some data sources to consider the average profile and how it may apply to your situation. For simplicity, I’ll give the average American retiree a name – I’ll call him William.
Who is William?
Let’s lend some definition to William by building a...
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Reverse Mortgage Data
There is a case to be made for home equity as the most important source of retirement funding in the United States, and this would seem to make the...
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