If you’re a baby boomer, you’re gracefully riding the waves of aging. You’re also setting new trends in the housing market, as you have “given birth” if you will to a new housing trend which experts are calling the “Silver Tsunami”. This isn’t about changing an address – it’s about a lifestyle transformation which is […]
Purchasing a home, especially as a young person just entering the full-time workforce, might not seem like a wise decision. You’re just getting out on your own! However, it might be a very pivotal decision for your financial security and future retirement. Based on the shortage of rental units needed for the demand of the […]
Some homeowners decide to downsize – normally in their 60’s and 70’s – to smaller homes for reasons such as convenience, less maintenance, a change of lifestyle or even to just save money. Those homeowners are more likely to have large equities and don’t normally feel the same constraints as younger homeowners, including the substantial […]
August 14, 1935 – this date was the establishment of Social Security, which was a breakthrough movement in caring for our country’s elderly during their retirement years.Today, about 65 million or 1/6 of Americans collect benefits and the average monthly retirement amount received in January 2022 was $1,614 per month or about $19,370 per year. […]
Homeownership is a cycle – think of it almost like a circle. All around the circle are items such as an apartment building, finances, things that are simply helping you work towards that goal of homeownership. Then, the middle of the circle is a larger home – the goal if you will. You may want […]
Have you inherited a property? There’s an incredible benefit to people who have inherited property, known as “stepped-up basis”. Not only do they receive the property itself, but the basis or cost value of the property becomes the fair market value at the time of the decedent’s death. What does this mean? It avoids the […]
As we approach the inevitable end of our lives, we all begin to get things “in order.” You may set up a will, you may want to transfer title to your home to your living relatives before you pass but this could cause an unnecessary expense for your heir. Usually, when we pass property through […]
Baby boomers are getting older. They are retiring and staying home more and more. Television ads with your old favs Tom Selleck, Henry Winkler and Robert Wagner come and trying to convince you to consider a reverse mortgage. This is where you basically sell your home to the bank and they let you live there […]
