Home Equity & Senior Housing
Bob Carlson’s ideas and strategies for managing home equity and choice of housing to maintain a budget
Found 129 Articles.
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New York City vs. Florida Retirement
I always tell people planning for retirement that the first step is to determine the life style you want in retirement. The money issues all spring from that. Joseph Coughlin, a longevity researcher at M.I.T., has a good example in which he compares the “Florida retirement” to the “New York City retirement.” As he points […]
Aging in Place: 3 More Ways to “Future-Proof” Your Senior Home
“Aging in place” is a phrase associated with older Americans who wish to stay in their homes for as long as they’re able to. And according to an AARP 2015 survey, nearly 90% of respondents indicated a desire to do exactly that. Yet hardly anyone has developed a plan for how. Until now… Last week, […]
Aging In Place: How to Stay In Your Home As Long As Possible
Want to stay in your home for as long as possible? If so, here’s a plan I recommend to all my subscribers… Most older Americans say they want to stay in their homes, or age in place, for as long as they can. An AARP survey in 2015 said almost 90% of those age 65 […]
The New Retirement: Renting versus Owning a Home in Retirement
The current generation of retirees changed a lot of the rules. Here’s another one. According to this article, senior Americans are driving a lot of the growth in the rental apartment market, and most of these seniors can afford to own their homes. They don’t want to. It’s a lifestyle choice that appears to be […]
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7-Step Checklist: How to Shelter Your Financial Security from Natural Disasters
The recent string of high-profile natural disasters caught many people by surprise — and created major gaps in their financial security. It can happen to any of us… It doesn’t have to be an historic hurricane, flood, or wildfire. You could be at risk from a broken water pipe, a tree falling on your home, or some other event. Bottom line: You […]
25 Scenic Places to Retire
Forbes.com has a unique “places to retire” list. The list pays some attention to health care and safety, but it seeks to identify the 25 most scenic places to retire. The list includes all kinds of views, from rural areas to cities. There are mountains, woodlands, beaches, downtown areas, and more. Lots of nice photos. […]
New Reverse Mortgage Rules Limit Cash
The FHA announced new rules on reverse mortgages that change the cost structure and also limit the cash available to some homeowners. Here are the details. So, why the new rules? Well, this program has been a money-suck for the Federal Housing Authority. Almost one in five, 18 percent, of reverse-mortgage loans taken out from […]
Nursing Home Care: Your Kids and Your Long-Term Care
This article has a lot of interesting data about nursing home care. It explains how long people are likely to need a nursing home stay and how much it could cost. It also makes the interesting point that elderly people with adult children are likely to need less long-term care than others. You can use […]
