I’m 69 with $375K in savings but I’ve got a $250K reverse mortgage causing me serious stress. Should I just use most of my savings to pay it off ASAP and aim to survive on CPP?

This article adheres to strict editorial standards. Some or all links may be monetized. We adhere to strict standards of editorial integrity to help you make decisions with confidence. Some or all links contained within this article are paid links. Imagine this scenario: Samantha is retired at 69, but a few years back she took […]

‘That doesn’t work for me’: Billionaire Tyler Perry once fired his own aunt. Here’s why he decided to finally cut his family off financially

Tyler Perry knows a thing or two about making hard choices. The actor, director, and producer behind the hit “Madea” franchise has carefully built a media empire — one that, according to Forbes, earned him billionaire status (1). In a recent interview, the 55-year-old entrepreneur admitted that his tough choices haven’t all been about business […]

A survey says your boss assumes you’re on track for retirement, even if you’re not — here’s why what your employer doesn’t know could hurt you

According to a recent report from PNC Bank, there’s a striking mismatch in beliefs about retirement readiness between American employers and employees. The study highlights that 78% of U.S. employers believe their staff are at least somewhat prepared for retirement, whereas only 45% of employees agree (1). This gap could reflect a deeper set of […]