Reverse mortgage is a financial tool that helps homeowners above the age of 62 to gain surplus cash to meet their financial needs. For seniors who want to make use of their primary property to enhance their retirement income, a reverse mortgage is the best option as there are no monthly payments to be made.

Depending on the value of your property, the appraiser associated with the financial institution that you approach for a reverse mortgage loan will quote an eligibility amount in exchange for your home equity. For home owners over the age of 62, with a primary property that can be pledged, a reverse mortgage would increase your incomes after retirement.

Are you familiar with the term foreign exchange? Have you traded in the foreign exchange market before? Well, if your answers are negative, then read on. Unless you have an excellent grasp of how the largest financial market in the world, the Forex trading works, it is not going to be easy to make money by buying and selling currency.

This is the era when democratic elections in one country, a massive natural disaster in another, the strain of military relations between two geographical neighbors or economic liberalizations in one nation affect economies around the world, irrespective of the physical distance between them. It is a smaller world now, in so many ways.

You can use online calculator tools for your retirement planning. It is beneficial. It can make crunching decades of numbers and assumptions in a snap. The best tool will help you to understand the assumptions, and you will be able to change them very easily. Below you will find the best four among all different retirement planning tools:

Here are some relevant guidelines in planning your finances and systematically protecting and increasing your savings. First of all, you need to assess your net worth which is the total of all your liquid and non-liquid assets and investments, from which final figure you subtract the total of all your debts and liabilities.