Retirement

21

Jan

Real Estate

Housing Needs May Change Following Retirement

Life has changed for a lot of people during the past few years. Some people reached retirement age while other people decided to retire early due to other reasons. As the baby boomer generation reaches retirement age, millions more people are going to retire during the next few years. As a result, they might be thinking about moving to make some of their dreams come true. At the same time, retirement might change what people need in a home. What are some of the most important factors retirees need to consider when looking for a home? Moving Closer To Loved…

Nearing Retirement? Three Reasons Why You Might Consider a ‘Reverse Mortgage’

If you are nearing retirement, a reverse mortgage might be right for you. This type of mortgage essentially allows you to turn your home equity into cash. If you find yourself with little money, a reverse mortgage could be the perfect solution, and here's why. No Worries About Monthly Payments After taking on a mortgage, there are many costs that you have to worry about. One of these problems is mortgage insurance premiums. Add interest and fees from lender service providers to the mix, and you've got yourself many costs. All of these fees can create tremendous headaches, as a…

Getting Ready to Retire? Six Tips for Downsizing from Huge House to Efficient Condo

If you're getting ready to retire, you may be thinking about downsizing. Having a large house makes sense when you're raising kids, but once you reach your golden years, it usually makes sense to move into a smaller, more efficient condo. While downsizing may seem impossible, these six tips will help you reach your goal. 1. The Six-Month Rule If you're finding it hard to figure out what to keep and what to get rid of, stick to the six-month rule - if you haven't used an item within half of a year, you probably don't need it. Seasonal items…