Soon talking about the weather and the impact of climate change will not be about simply making conversation, but about planning and, for some, urgency and action at a life stage popularly described as a time to retire and relax.
Where you live influences your hobbies, social network, family life, and access to health care. In sum, your residence is your retirement, so you should treat this as a primary decision in retirement planning.
Covid-19 is testing us all. Millennials, Gen X’ers, and younger Boomers are surprised by what they are learning from being home for an extended period – much like retirement – many of life’s activities are more difficult or impossible. Here are seven of those retirement surprises.
Historically low mortgage rates are helping prospective buyers get more bang for their buck by boosting their purchasing power and offsetting the cost of rising home prices.
Mortgage borrowers who are refinancing in today’s market and don’t expect to sell their house within the next 6 years would earn a high rate of return on funds used to pay points that result in a lower interest rate.
This article describes an iron-clad way in which black mortgage applicants can avoid the kind of discrimination described in a recent article by Diana Olick in CNBC.
Suburbia is getting a second look. Not just from aging Boomers, once seen as inevitably downsizing to the city or to 50+ developments, but from persnickety Millennials who could never see themselves living ‘out there.’ A new urbanesque suburbia may be the basis of a truly multigenerational community
The retirement crisis has been under way for a while. A growing share of older households has little or no savings, as costs for housing and health care, for instance, went up. Some worked longer, while others went borrowed more to pay their bills. The recession could quickly make things worse.
Finances should ladder up to personal fulfillment goals and lay the foundation for the next phase of life’s journey, whatever that might be. One of the biggest challenges is knowing who to talk to about what because many financial advisors are very siloed into their areas of expertise.
This article shows mortgage borrowers struggling to make their payments the impact of different forbearance options on their financial future.