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. […]
Baby Boomers and retirees aged 65 and over equate to approximately 52 million or 16 percent of Americans. Some of these people will be thinking about downsizing because they just don’t need or want the same space they needed in the past. Divesting yourself of “things” you have accumulated over the years and don’t need […]
We often assume that as we age we will have house payments and car payments for the rest of our lives. But if you plan now and stick with it you too can be mortgage free. Retire planning should begin when you start your first job. However, most of us procrastinate on this vitality important […]
