Retire Right: Bridge to Rightsizing

One of the largest challenges that I have found for homeowners who want to rightsize (upgrading, downsizing or making a strategic move in real estate), is coming up with the down payment for the new home.

The art of downsizing: A senior’s blueprint to a new home

The art of downsizing: A senior’s blueprint to a new home

For many older adults, the idea of downsizing from a large home that once buzzed with the energy of growing children can evoke a myriad of emotions. Deciding when it’s the right time to shift to a new place, possibly a smaller space, can be daunting. Yet, with the right guidance, it can also mark the start of an invigorating new chapter.

The unparalleled value of experienced real estate agents for retirees

The unparalleled value of experienced real estate agents for retirees

Whether buying or selling, retirees stand to gain a great deal from the services of an experienced real estate agent. From understanding the local real estate market nuances to advocating for their client’s best interests, professional realtors offer many advantages.

The Swiss Army Knife of Mortgage

The Swiss Army Knife of Mortgage

What I love about the Home Equity Conversion Mortgage (HECM) is that the ways to utilize the program are endless and it can be used by virtually anyone age 62 and over with a significant amount of equity in their home.

Retire Right: The 3 Buckets in Retirement

Retire Right: The 3 Buckets in Retirement

There are 3 buckets of money in retirement (if you own a home). Bucket #1 is your Income Bucket, Bucket #2 is your Nest Egg Bucket, and Bucket #3 is your Home Equity Bucket.

Retire Right: What keeps you awake at night?

For many people, retirement represents an exciting new stage of life. However, there are downsides to aging and to retirement, most of which are new financial concerns. Let me give you a few of the top financial concerns of Americans today.

Downsizing in retirement amid high-interest rates

Downsizing in retirement amid high-interest rates

When considering downsizing as a part of your retirement plan, it’s essential to understand the factors that drive this decision. One of the critical factors is home equity. By leveraging the equity in your current home, you can free up cash and potentially reduce...
Retire Right: Do We Have a Looming Housing Crisis?

Retire Right: Do We Have a Looming Housing Crisis?

You do not need to look very far to find something that points to the fact that we have a looming housing crisis on our hands in this country.

So, let’s break some of these issues down and get a better understanding of the challenges and what we can expect going forward:

Retire Right: The simple solution is not always the best solution

I recently spoke to a financial advisor about a client’s retirement plan that I wanted to share with you. The situation is such that the client is getting ready to retire and he was looking at ways to reduce his expenses to ensure that his retirement income and his retirement accounts would be setup in a way that he would be able to meet all his financial obligations and still be able to have some fun in retirement.

The new reverse mortgage – Part 2

The new reverse mortgage – Part 2

Colorado is one of the fastest aging states in the country and Boulder County is also rapidly aging. Reverse mortgages are becoming more popular as baby boomers retire and want to maintain their standard of living. The reverse mortgage is a financial tool, which has...
The new reverse mortgage Part 1

The new reverse mortgage Part 1

The upcoming Aging at Altitude Expo will be held at the Boulder Jewish Community Center on April 23. One of the sessions at the conference will explain reverse mortgages as a financial tool for those who are 62 years of age and over.

Wondering if you’re too old to buy a home?

Wondering if you’re too old to buy a home?

There are certainly few things in life we’re too old to do, like playing in the NFL. However, when it comes to buying a home, you’re never too old. In fact, the National Association of Realtors® (NAR) says that about 25% of first-time homebuyers are over 52 years of age

Time to downsize? Signs to help you decide

Time to downsize? Signs to help you decide

Downsizing is almost inevitable for most of us. Just like the home-preferences of single adults are different from those of families with young children, so are the home needs and wants of retirees.

Multigenerational living is here to stay, according to recent study

Multigenerational living is here to stay, according to recent study

The number of Americans living in a household with three or more generations increased nearly threefold over the past decade, according to a recently released study from Generations United, Family Matters: Multigenerational Living is on the Rise and Here to Stay.

Baby Boomers move on hot seller’s market

Baby Boomers move on hot seller’s market

If there’s one group poised to sell their home, it’s the boomer generation – those aged 57 to 75 years old. And in today’s hot market and high prices, this group is cashing in.