Category Archives: Retirement

Investing With Less Than $5000

$5000 dollar bill

A commonly believed myth in the world of investing is that a large sum of money is a necessity to begin investing. This is simply not true. There are many quality investment strategies for persons that do not have or want to risk a large sum of money. Many of these strategies can be implemented with $5000 or less. Peer

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Power of Attorney – Get it!


A friend of mine visited his late father’s wife at a retirement community in Portland, Oregon. As he was preparing to leave, he noticed a newspaper, the Northwest Boomer & Senior News. In the paper was a column by Sam Friedenberg called Elder Law. He learned some very useful information from Friedenberg, an attorney who has been practicing law for

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What is a Reverse Mortgage?


Will the reverse mortgage surge in the coming years? We think so. Tyler Durden at Zero Hedge wrote yesterday, “Nearly eight years into an economic recovery, nearly half of Americans didn’t have enough cash available to cover a $400 emergency. Specifically, the survey found that, in line with what the Fed had disclosed in previous years. Forty-four percent of respondents

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Joint Tenants with Rights of Survivorship

joint tenant1

It is very common for spouses to own property together as joint tenants with right of survivorship. When one passes, the other owns the property outright. It’s simple, easy, and automatic. But once in a blue moon when the other joint owner isn’t your spouse, it gets messy. When you co-own an asset with another individual, you can still have

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What is a Pension Plan?

pension plan

A pension plan is a retirement plan that functions very similarly to the 401k plan. Unlike the 401k, your investment options with a pension plan are somewhat limited, but you will have a certain amount of income when you retire. The amount you earn with a pension plan depends on the company you work for. They usually take into account

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