Monthly Archives: January 2020

Smart About Money: Can I get a mortgage or home equity line if I’m retired?

Writing in The Wall Street Journal’s Wealth Management Report, retired senior editor Carol Hymowitz said there is “no single road map or retirement plan” these days. She seemed to wish there was.

Was there ever a “single” tried & true retirement road map? Possibly it may have seemed that way. 65 used to be “retirement age.” Today 65 is just another number. Some people are retiring much earlier than 65. Others don’t want to ever retire. If there was a “cookie-cutter,” it’s long gone now. Which is a good thing.

Continue reading Smart About Money: Can I get a mortgage or home equity line if I’m retired?

Get out of debt … and spend less!

Canton Co-operative Bank VP/Senior Loan Officer Anabela Vargas saw on Facebook that a friend had posted they had “evicted SallieMae!” Meaning they had paid off their college loans and were now free of that debt.

“Many people – especially younger people – believe it’s impossible for them to get out of debt. But that’s not true,” Anabela Vargas said.

Continue reading Get out of debt … and spend less!