Often times we hear of parents having the burden of taking back their adult children who just can’t seem to make it financially in this economy. But lately, a new trend has begun to take shape – adult children having to help out their parents. According to a study done by the Pew Research Center,…
Housing and Home Equity News, Information and Guidance
Reverse Mortgage or HELOC – Which is Best? If you’ve decided to tap into your home equity during retirement, there are a few different ways to go about doing this. Most likely, your options will come down to a Reverse Mortgage or a home equity line of credit, or “HELOC”. Reverse Mortgage vs. HELOC A…
Can Retiring Abroad be a Realistic Option? BBC Capital, September 19th, 2013 With the cost of living in the United States being as high as it is in many places, many retirees are considering taking their retirement elsewhere. Places where the climate might be a little warmer, where the cost of housing might be a…
The 2010 Health and Retirement Study (HRS) included questions asked of persons aged 60 plus about personal belongings. Some of the findings: • Five percent of respondents said that they had fewer things than they needed. Thirty five percent said they had just the right amount. Sixty percent said they had more than necessary. Do you have…
