Tag: Retirement Planning
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Selling the Family Home to Fund Retirement: Get It Done in 5 Steps
Thinking about the financial and practical aspects of selling your family home to fund your retirement? Wondering where to even begin? It’s a major milestone. And it’s best approached one step at a time. Here are the steps in the process of navigating the real estate market as a senior, selling your home and starting…
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Is Buying a Home a Path to Financial Freedom? (Is the Answer Changing?)
For most U.S. deed holders, a home is at the core of their retirement wealth. So, does that make buying a home a path to financial independence? It certainly can be, although the calculus is changing.
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Reverse Mortgage Scams? What Seniors Need to Know.
If you or someone you care about is 62+, you’ll know it’s important to avoid sketchy financial offers targeting older adults. But what about reverse mortgages? From time to time, media outlets point to scams or high-pressure tactics involving reverse mortgages. And it’s true that reverse mortgages are designed for senior homeowners. But are these…
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What’s Best in Retirement: Owning or Renting?
To transfer the deed or keep the deed? That is the question. And it tends to come up when retirement age approaches. This phase of life often involves downsizing — to lower the household tax, insurance, and maintenance costs. Paying off the home mortgage can net longtime owners enough to unlock some great options. Rent…
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Unlocking Your Home’s Equity Without Selling: A Guide for Retirees
Options at Retirement Age and Earlier The closer we get to retirement age, the more we start thinking about how to avoid pulling from our retirement accounts too early or too much. For many homeowners, home equity is starting to look like a key retirement planning resource. What’s the best way to tap into it?…
