Retirement loan

“I’m not a hedonist” but I want to build our next retirement home, my wife says no. We saved $ 3 million. What should I do?

I am 57 years old and my wife 55 years old. We have no children and no debt. We own our home and our vehicles. My wife is a business accountant and earns about $ 150,000 a year. I recently retired from the public service with a pension worth $ …

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OHIO Lancaster Hosts Free Financial Literacy Seminar Series

Ohio University Lancaster will be hosting a Financial Literacy Seminar Series starting October 7. The series is sponsored by Park National Bank, Fairfield Federal Savings and Loan, and Standing Stone Bank. These educational seminars will be free and open to the public. “I am delighted that Ohio University Lancaster has …

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Financial planner shares millennial clients’ retirement mistakes

Millennials have many years to go before they retire, but that doesn’t mean they shouldn’t be saving. And when it comes to saving, you have to do it the right way. But many millennials make mistakes when it comes to saving for retirement, according to financial planner Mamie Wheaton of …

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Pay for your child’s college? 3 times to think twice

September 23, 2021 11:06 AM Cecilia Clark Posted: September 23, 2021 11:06 AM Update: September 23, 2021 5:05 PM The student debt debate often overlooks an important group: parents. About 1 in 3 dollars the federal government loaned for undergraduate education last year was in the name of a parent. …

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Mortgage: half of new UK homeowners will still repay their loan after retirement

Image source: Getty Images Share this page: If you are thinking of buying a home, chances are you will need a mortgage. However, a mortgage and the interest that goes with it can take decades to pay off. And with the length of mortgages increasing to make purchases viable, an …

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Farmers & Merchants Bancorp (FMCB) announces the retirement of its chief credit officer

Enter Wall Street with Street Insider Premium. Claim your 1-week free trial here. LODI, Calif., September 22, 2021 (GLOBE NEWSWIRE) – Farmers & Merchants Bancorp (OTCQX: FMCB) today announced that Kenneth W. Smith, Executive Vice President and Chief Credit Officer, has announced his intention to retire effective December 31, 2021, …

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6 money movements for the self-employed to achieve financial freedom

The sharp increase in private sector medical expenditure highlights the importance of purchasing an adequate health insurance policy. The income and cash flow dynamics of the self-employed are different from that of employees. Self-employed workers have lower income certainty than salaried employees. In addition to this, they also have to …

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Tax strategy: Will we see SECURE 2.0 enacted, and when?

The Securing a Strong Retirement Bill (SECURE 2.0) was passed unanimously by the House Ways and Means Committee on May 5, 2021. It enjoys broad bipartisan support, but it is still unclear. what his adoption path might look like. The Senate is working on its own versions of pension legislation, …

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CNBC: Long-term care needs vary ‘extremely’ among retirees, reverse mortgage is one possible solution

For some reverse mortgage borrowers, choosing to allocate loan proceeds to some sort of long-term care (LTC) goal – either to fund it directly or to allocate them to LTC insurance – is often seen as a potential selling point for some clients. However, the LTC needs of older adults …

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How to help someone who is having financial difficulties

Nikola Ilic / iStock.com Someone you know is in the midst of financial hardship, and you’re not about to sit back and watch them struggle. You want to intervene, without overriding, but you don’t know what that looks like. Fact check: will a fourth stimulus check take place?Stimulus update: States …

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