What you should know about refinancing your mortgage before retirement. Four things to consider when refinancing your mortgage before retirement. We recently received a long comment on one of our questions regarding a homeowner who was deciding whether to refinance their home before retiring. Our correspondent is a mortgage industry veteran of many years and [...]
How Will COVID-19 impact retirement planning? New research finds older Americans might have to delay retirement due to the coronavirus pandemic. The financial fallout from the coronavirus pandemic is already devastating to millions of consumers. More than 40 percent of Americans say their level of financial security has deteriorated since the COVID-19 pandemic began. Around [...]
Building your retirement home. How to go about selling your current home and renting while your retirement home is built. Q: We live in Alaska. We have property in Washington that has a large shop on it and we also want to put a house next to it. We are selling our Alaska home and [...]
5 best states to retire in 2020. After weighing nearly 50 factors in each state, WalletHub determined this is best state to retire in 2020. At the end of your career, there are two big questions you need to answer: When should you retire, and where should you spend your retirement years? These are both [...]
Home buying, selling and getting a mortgage in retirement. This reader wants to know how to time selling their home and getting financing for a new one. Q: I am single and have an 800+ credit score. I plan to retire in the next year or so and move to a small town in the [...]
Retirement housing costs and the effects of inequality. Research from JCHS spotlights the financial challenges seniors face finding affordable housing. America’s aging population is facing considerable financial challenges when it comes to housing inequality. Research from the Harvard Joint Center for Housing Studies (JCHS) underscores the severity of these challenges. The number of older adults [...]
Top 10 best places to retire in the U.S. in 2020. Housing affordability, desirability, health care and overall happiness were factored into rankings to find the best places for retirees to spend their retirement. Top 10 Best Places to Retire in the U.S. in 2020 Retirement is a milestone that can bring, freedom, purpose, enjoyment [...]
Retirement planning: best states to retire in 2019. Bankrate ranked U.S. states by factors like weather and affordability to find the best state to retire. Whether you dream of retiring at a beachside oasis, on a hilltop with a mountain view, or near your kids in a home with a big yard for grandkids to [...]
Is renting or home buying right for you in retirement? The answer depends on both your financial situation and your health. We recently received a couple of questions dealing with couples who are in their sixties, seventies and eighties that are planning to move and wonder whether they should buy or rent their next home. [...]
Americans spend a lot of money on takeout and lattes but just how much are they spending and what does that mean for their savings and retirement readiness? How much money do Americans spend on takeout and lattes? Americans spend an average of $2,944 each year on financial vices like takeout, drinks and lottery tickets, [...]
