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I have some $’s in an IRA and 401k but most of my (limited) net worth is tied up in home equity. Someday (maybe sooner than I hope) I’m gonna retire and downsize. I get lots of home equity...
There are many technological solutions to help retirees live at home, rather than enter homes and communities....
I read post after post of those downsizing as if it's the only way to go. We are in our late 60s. Live in a 2500 sq ft home on 2.5 acres in NY. We are looking to move either down south to NC or Georgi...
I live in an old neighborhood in which the existing housing stock is being replaced with new builds. At age 75 and hope to be here for another 10 years if I’m lucky. I’m wondering whether ...
My wife is retiring in 2 years and we have our heart set on selling our big and expensive home in New England and relocating to either Arizona or Florida. I am thinking about the pros and cons of and ...
Fewer people with disabilities applied for federal benefits during COVID. The main reason for the drop could’ve been anything from the ease of working at home to evade the virus to the difficult...
Retiring in 5 weeks and feeling exhausted I’m retiring at the end of June from a clinical laboratory scientist position .I’ve been coming home from work and basically collapsing every nigh...
By Dr. Hamik Martirosyan It was the best of times. It was the worst of times. It was the sponsors with conservative leverage and fixed-rate loans. It was the sponsors with all variable loans and high ...
As a stay-at-home mom, you offer a unique level of resourcefulness, creativity, and organization, making you an ideal candidate for a slew of side hustles. Below, we’ve shared some of the top si...
There was another post recently, its now locked, about retirees who downsized to a guest house on their child's property and how freeing it was. We did something similar, sold our house and moved into...
Hi there. I don’t know if I am able to use Silver Sneakers at two local gyms. One that is quite a bit of a drive has a lap pool - the other one that’s a few minutes from home is a nice fit...
Looking forward to retiring this summer. We've got a studio apartment in our home that I will rent out on AirBnB and I've got a small trust ($650/month) from my dad passing last year. My wife will con...
Have you thought about getting a mortgage for your home in retirement? If so, have you strategized how you would pay it off? In this episode, we explore Scott’s question about pursuing a mortgag...
We (61m & 60f) are getting ready to downsize and move to a townhouse in a mid size city. The difficult question is if we should sell our very big suburban house (with equity but also a big mortgag...
I’m about 24 months out from ‘retirement’ (e.g, working for someone else). I have a decent salary, kids are independent, and no debt other than a mortgage. When I retire, downsizing ...
We( couple 60yo ) began talking about downsizing about 7 years ago. Through luck and a lot of tough decisions we accomplished it. So We started with a 3000 sqft home - then to a 1400 square foot Condo...
Home, auto, & umbrella insurance are too often a footnote in wealth management, but a good agent can make a huge difference....
If you want to make the transition from a full-time job to being a stay-at-home mom (or dad), here are some issues to keep in mind....
By Dr. Dan Fosselman, Guest Writer There are multiple rules of thumb in personal finance. Set aside 15%-25% for savings, don’t spend more than 30% on housing, tithe 10%. John Maxwell, an author ...
You may feel like a mortgage prisoner, but your options may be more doable than you think....
I've paid over $350,000 of rent in my life. That averages out to $2,500 a month since mid 2012. And, with near record interest rates and elevated home prices, I may end up paying another $350,000 in r...
It’s pretty crazy to think that we’ve now been living in an RV for over 7 months. Yes, we’ve taken a couple of breaks and stayed at my mother-in-law’s house for a few weeks twi...
Understanding how home prices fluctuate over time is one of the most intriguing insights gleaned from my post on the reasons behind property bidding wars. Learning how prices change will empower you t...
Well folks, as anticipated, bidding wars are back with a vengeance, at least here in San Francisco. If I were a real estate agent, I would never encourage my clients to engage in a bidding war. Winnin...
As the world becomes more connected and technology continues to advance, the healthcare industry is evolving to meet the needs ... Read more...
I retired last year at 60. My wife plans on retiring next April at 60 as well. We’ve done ok in life relatively speaking. We will be able to buy a retirement home and live near our kids fairly c...
No, but here’s what we learned. Writing a will can improve the transmission of wealth across generations, by preventing the dissipation of assets such as a family home when divided among multipl...
Know how to navigate the IRS regs to capture the tax credits under the Inflation Reduction Act....
Snowbird wannabe here. I am hoping for suggestions from active snowbirds who take their pets with them and have experience renting pet friendly accommodations. I have two small dogs that have to come ...
While you’re decluttering your home for spring, consider taking a crack at cleaning up your finances and old paperwork, too....
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
Here’s how to use your home equity in combination with an annuity contract to produce late-in-life income....
Contrary to popular belief, the Federal Reserve does not exert complete control over mortgage rates. Instead, it influences them, with the bond market determining the subsequent course of action. The ...
I can't stand it. I lost $2k last week due to stock market volatility. I understand that a 401k is a long term investment, or you make more conservative choices. Screw that! I can put my money in the ...
So far it's been great. Work was never my life so I don't miss it. I didn't have friends so I don't miss them. My wife is the only person I talk to on a regular basis. No debt, modest home paid for, L...
Nursing facilities that receive federal funding through Medicare and Medicaid (effectively all of them) will have to employ enough staff to provide at least 3.48 hours......
The antiquated argument that personal finance should be taught at home simply looks silly in 2024....
What to know about selling your home in order to downsize in your retired years....
Recently, I received a capital distribution from a private real estate fund, and it couldn't have come at a better time. The experience brought me both joy and relief, prompting me to share it in the ...
With the high cost of housing in much of the United States (as well as other countries), many people are looking for ways to accommodate more family members in their existing properties. Whether your ...
We (M 65, F 59 both still lol working and plan to along as possible) own 3 homes and plan to sell two of them to partially fund our retirement. We’ll sell home #1 and bank the $500K tax free cap...
We've gotten rid of excess stuff. Now readying for showing. Those who've been there/done that: Privacy. We get people may open bathroom cabinets/drawers, etc. And even more. How do you maintain privac...
New Yorkers create a space that’s better suited to life in their 60s...
What is private credit and where does it fit in your investment portfolio? At age 60, Hope is tired of working and she’s hoping to retire in 2-3 years. Should she factor home equity into her ret...
My main goal* was to build an investment and cash portfolio of$1,120,000* ($1,000,000 to retire on and $120,000 to pay off the house) in1500 days**, starting from 1/1/2013 and ending in February of 20...
After delving into the exorbitant prices of new luxury cars, I've come to the realization that a larger segment of the population is purchasing such vehicles than I initially thought. This trend poses...
Below, we’ve created a list of 12 true online, work-from-home positions with no upfront investment. None of the roles listed below require purchasing inventory, buying a paid course, or any othe...
Listener Ray is wondering what to do with his home as he embarks on a nomadic, van-life journey in retirement. Should he sell it to finance his travels or retain it for potential appreciation and cash...
Today Kathe Kline, together with guests Barbara Mock and Marni Jameson, dive deep into the emotional and practical aspects of rightsizing in retirement. This episode isn't just about downsizing; it's ...
In today's episode, we discuss the landmark $418 million settlement involving the National Association of Realtors (NAR) and its potential implications for the real estate industry. As retirees and ot...