Reader mailbag: Reverse mortgages, retirement income and Social Security
Q: I was downsized in September, 2009 and decided to retire, since I’ll turn 68 this year. In a recent column, you made mention of the old rule–that people need to have 80 percent of their pre-retirement income to make ends meet in retirement. I used 70 percent of net income; I felt this was [...] [...more]
