Finance

A new survey by Sun Life Financial found that 92 percent of workers said they don’t know how much their health care will cost in retirement or vastly underestimate the amount.

By Kelley Walker Perry, Contributing Writer  BOSTON – Older residents who are struggling financially walk into the Mattapan Family Service Center at 535 River Street,...

By Alain Valles, CRMP, MBA, CSA A Home Equity Conversion Mortgage (HECM) – often called a reverse mortgage - is a federally insured loan program that...

By Alain Valles There is great joy helping seniors implement a long term home ownership and retirement plan. It is gratifying to see a senior...

It’s been a harrowing ride in the stock market lately. So much so that it’s prompted scores of investors to pull money out of the market and park it in bonds or other fixed-income assets.

By Alain Valles, CRMP, CSA, MS, MBA, Nonprofit Managing Director “I love my home.  I’m getting older.  I want to be financially independent and prepared. ...

While more people do estate planning earlier in their lifetimes today, there are many who have yet to take that important step.

It’s no surprise that the older adult population in Massachusetts is increasing rapidly. In 2010, those aged 65 and older accounted for 14 percent of the state’s population. However, by 2030, that figure will grow to 21 percent. To be economically secure at any age, one’s income must cover basic living expenses. If housing, health care, food, transportation and other incremental expenses are not sufficiently covered by household income, we must support effective strategies to fill the gap or the household will suffer severe economic hardship in retirement.

The gravy is steaming next to the savory stuffing and sweet potatoes. There are four types of pie for dessert — pumpkin, apple, sweet potato, and pecan. Every family has its own unique Thanksgiving dinner traditions but, as we all know, a carefully followed recipe is key to creating a perfect holiday meal. If you fail to plan, or measure your ingredients poorly, your pie could be a real flop. The same can be said for financial planning and preparing for your future.

By Judith Graham REGION - For decades, Americans have been urged to fill out documents specifying their end-of-life wishes before becoming terminally ill — living wills,...