Housing and Home Equity

Find insights below whether you are a first time home buyer (it can be one of the smartest decisions you’ll ever make) or are looking to downsize for retirement or perhaps even buy a vacation home.

Housing is most people’s biggest expense. And, if you own your home, it is likely your largest asset. Your home equity is the value of your home minus your mortgage balance and any other debts secured by the home. This value can be used strategically to improve your financial situation over the long term.

Your home is also a big factor for your happiness. Where you live determines a lot about your life.

Besides the financial considerations of housing, there are obviously a lot of lifestyle factors. Here are all the resources you need for finding your best place place to retire.

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CCRC continuing care retirement community

55+ Communities: What Are Continuing Care Retirement Communities?

The decision to relocate in retirement is huge — especially since you literally have a world of options. You can retire anywhere and into a wide variety of housing types. Live and travel in an RV. Buy a big beach side home. Relocate abroad to financial or lifestyle reasons. Downsize to a small apartment. Buy…

February 7, 2019

Winter Got You Down? Make a Sunnier Climate a Retirement Reality

Rain. Snow. Sleet. Cold. Once the coziness of winter holidays passes, dark weather can weigh heavily on our psyches.  However, when you retire, you have more freedom to seek and enjoy sunnier or more temperate climates. What’s holding you back? Here are nine tips, tricks and things to consider when thinking about a warmer location…

January 15, 2019
best places to retire

Margaritaville and Other Best Places to Retire…

There is no shortage of lists and articles about the best places to retire.  These lists are fun.  However, they sometimes feel random and not all that practical or useful for figuring out where to spend this phase of your life. For example, did you know that Jimmy Buffett is opening “Margaritaville” — a real…

March 30, 2017

7 Tips to Help People Who Are Retired Stay in Their Homes Longer

Nine in 10 older Americans want to remain in their own homes as they get older. But most people aren’t planning ahead when it comes to making sure their houses are equipped to provide their desired lifestyle in retirement, research shows.In fact, while 96% of Americans age 50 to 80 say it’s important to be…

February 1, 2017

Why Home Equity is Your Strongest Weapon Against the Economy

Economic hardship is not news to many seniors. Most of us feel stress about our finances. At the top of our concerns? We believe that we will run out of savings in retirement. In fact, the majority of Americans feel this worry. According to the latest findings from Northwestern Mutual’s 2016 Planning & Progress Study,…

November 14, 2016
worst places to retire

Here Are the Best and Worst Places to Retire — 2016

If you’re thinking about moving to a new location to retire, whether it is to be closer to your family or to downsize, the verdict is in on the best and worst places to retire this year, according to new findings from Bankrate. The ranking is based on the cost of living, cost and quality…

August 18, 2016
cheapest places to retire

The Cheapest Places to Retire

In the years leading up to retirement, people often ask themselves, “When should I retire?” As retirement becomes a closer reality, the question turns to “Where should I retire?” And then, as financial anxiety sets in you might ask, “Where are the cheapest places to retire?” There are many different affordable retirement destinations.There are numerous…

April 27, 2016
Top places to retire

Top Places to Retire in 2016

The “top places to retire” really is a subjective topic. Warm and tropical locations nearly always rank high. That makes a lot of sense. Even if you’ve lived up north for most of your life, wouldn’t it be nice to retire from shoveling snow, too? But what if your idea of the most perfect place…

March 16, 2016
aging in place

Expert Interview: Making Your Home Safer as You Age

Nearly 90 percent of adults over the age of 65 say they want to stay in their home as long as they can, and 80 percent believe they will always live in their current home, according to a survey by AARP. But the fact is that as our needs and abilities change as we grow…

December 1, 2015
retirement home

Expert Interview: Retirement Living Facilities

Not all retirement facilities are created equal. And every retiree has unique needs if they wish to enjoy their retirement. From special diets to activities to healthcare, we talked to Charlotte Clarke of Ontario’s Luther Village On The Park to find out about retirement living facilities. What are some things a new retiree should keep…

December 1, 2015
Retirement planning advice

Retirement Planning Advice from Forbes on Best Places to Retire

Do you know where you want to spend your retirement? While some people want to stay in the area that they already know, others decide to pack up and move to a warmer, more exciting location or relocate to be closer to family. When it comes down to it, it is vital to find a…

October 23, 2015
housesharing

Have You Considered Cohousing or Housesharing in Retirement?

Don’t expect baby boomers to rely on traditional options when it comes to retirement. Individuals and couples are feeling freer than ever to design their retirement to meet their desires and dreams. They want retirement choices to empower them to do what they most want to do and keep their own priorities front and center.…

October 6, 2015

Senior Living

What do you think? Is living in some kind of community with other seniors a good option for you? The ABCs of Senior Living A guide to the full range of housing options available to seniors. Questions to Ask Yourself When Considering Housing Options for Retirement Where you live is important. Use this guide to…

September 30, 2015
Retiree

The Best Places to Retire!

Retirement is your time. Find the best place to retire. Best Places to Retire? Avoid the Worst States to Retire! Here are a few places you might want to avoid. The 5 Best Places to Retire Abroad Are you among the 3.3 million people considering retirement abroad? Most Retirees Think That Staying Put is the…

September 28, 2015
Retirement

Thought Leader Series: 5 Reasons the Southwest Is a Great Place to Retire

Work is part of life, and many people spend the majority of theirs either working or commuting to and from their workplace. The typical sequence of event is: support a family, become a homeowner, and, eventually, retire. On average, people retire between the ages of 55 and 65 – and we currently have an average…

July 30, 2015
Retirement

Expert Interview with Kathleen Peddicord About Living and Investing Overseas During Retirement

One of the biggest financial concerns Americans have today is whether they’ll be able to afford retirement. According to a 2014 Gallup poll, 59 percent of Americans rate having enough money for retirement as their top financial worry. Fortunately, there are options for those who fret about budgets. Retiring overseas can mean a better living…

July 28, 2015
Retirement

Expert Interview with Terence M. O’Malley About financial principles of living in a retirement care community

As we prepare for life after retirement, we want to prepare for every contingency. This includes long-term healthcare, fixed rates, and a number of other factors to eliminate as many variables as possible in order to make sure you and your loved ones are well taken care of. Terence O’Malley is an expert on a…

July 28, 2015

Retirement Housing: Renovate or Relocate?

Retirement is supposed to be all about rest and relaxation, but lately the term “R&R” has taken a new meaning for retirees thinking about their living situations during their non-working years: Renovate or Relocate? Whether you are planning to take on a home improvement project or thinking about packing everything up and shipping out to…

July 15, 2015

Best Places to Retire? Avoid the Worst States to Retire

If you have visions of spending your retirement years on a sunny beach or in a sleepy, small town—you are not alone. Many retirees decide to pack up and relocate away from their primary residence when they’re no longer working. Three in five Americans (60%) want to spend their retirement years in another city or…

May 21, 2015
Best places to retire

Why Texas Is One of the Best Places to Retire

When it comes to choosing a place to retire, a lot of people nearing retirement age gravitate towards Arizona, Florida, and the Carolinas. Natural choices, granted, but perhaps it’s time to think outside the box just a little and consider the Lone Star State. That’s right, the second largest and second most populous state in…

May 12, 2015
Downsizing home

Downsizing Your Home for Retirement: To Sell or Not Sell?

Many people approaching retirement are left to decide if they should sell their home or stay put. This decision is an important one as housing often makes up about 30% of retirement expenses. For some people, selling the house is a necessary way to help fund their lifestyle in retirement. For others, keeping the home…

April 28, 2015
Best places to retire

The Best Places to Retire: 4 Reasons Older Americans Are On The Move

Sixty-four percent of retirees are likely to move at least once — looking for the best places to retire. The top motivating factors might surprise you, as revealed in a new retirement study by Merrill Lynch conducted in partnership with Age Wave. Where are the best places to retire?  What are retirees looking to find…

April 27, 2015
Retirement planning

Expert Interview with Deborah McLean About Retirement Planning in Maine

Deborah McLean of Maine Senior Guide understands that retirement planning can be difficult. With the Maine Senior Guide, retirees have the option of examining multiple options pertaining to retirement benefits, healthcare, senior communities, and a host of other issues relating to one’s retirement years. In this interview, McLean discusses the benefits of the Maine Senior…

April 13, 2015
what is home equity

What is Home Equity? Why is it Important for Your Retirement Plan?

If you own a home, it is important to keep your home equity in mind when making decisions about your property and planning for retirement. If you use home equity effectively, it can help you pay for some of your retirement expenses. The first step to using home equity wisely is understanding what is home…

April 8, 2015

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