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Posts Tagged ‘downsizing’

Address the topic of assisted living before it becomes necessary.

The assisted living care model is between your home and the nursing homes and has come into prominence in the past 20 years, and will continue to grow as the Baby Boomers head into the retirement years. However, even for families who have had those conversations, making the transition from home to an assisted living can be challenging. Assisted living provides an opportunity for older Americans to enjoy the comforts of a home-like setting, plenty of activities and socialization, along with the help they might need — from bathing and dressing to housecleaning and medication reminders. Yet, many are so…

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What do you do with your home should prices continue to collapse and the equity, if any, disappears completely?

If you were counting on tapping the equity in your home to help finance your retirement, you may have reason to worry.  A recent issue of SmartMoney points out, “With home prices falling for nearly five years, many American must consider what to do with their homes should prices continue to collapse and the equity in their homes, if they are still lucky enough to have any, disappears completely.” If you are a Baby Boomer with an eye toward retirement, your plans may be taking quite a beating right now. Warnings about shortfalls in social security and Medicare, rising health…

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