Retirement Solutions

The rule of 72The rule of 72
By ALEX.fyi Staff
The Rule of 72 and How Inflation Impacts Retirement Savings

by Craig Fowler We’ve all heard of or know people who have gotten rich overnight. Alas, for most people, saving for retirement and being able to maintain the lifestyle of one’s choice depends a lot more on the magic of compound interest than “winning the lottery.” But figuring out how much $100 will grow over […]

Reverse Mortgages: What You Need to KnowReverse Mortgages: What You Need to Know
By ALEX.fyi Staff
Reverse Mortgages: What You Need to Know

For the many baby boomers entering retirement house-rich and cash-poor, reverse mortgages are an enticing alternative to supplement their income. For many, reverse mortgages can provide more flexibility than conventional home equity loans. They can also be a more expensive form of borrowing, and they come with their own set of risks. If you or […]