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	<title>55Places.com Blog &#187; Resources &#8211; Financing</title>
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	<description>Find 55+ Active Adult Retirement Communities</description>
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		<title>Is It Better to Finance or Pay Cash?</title>
		<link>http://www.55places.com/blog/is-it-better-to-finance-or-pay-cash</link>
		<comments>http://www.55places.com/blog/is-it-better-to-finance-or-pay-cash#comments</comments>
		<pubDate>Mon, 12 Dec 2011 14:00:55 +0000</pubDate>
		<dc:creator>Bill Ness</dc:creator>
				<category><![CDATA[Resources - Buying]]></category>
		<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Retirement Planning]]></category>
		<category><![CDATA[Finance]]></category>
		<category><![CDATA[Mortgages]]></category>

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		<description><![CDATA[For most homeowners, investing in a new home requires taking on a mortgage to cover a portion of the cost. But that isn’t always the case. Retirees who are downsizing from their family home may find themselves in a position to choose whether they want to finance or pay cash. But which is the best choice?]]></description>
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		<slash:comments>2</slash:comments>
		</item>
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		<title>Do You Plan to Die Broke or Leave an Inheritance?</title>
		<link>http://www.55places.com/blog/die-broke-or-leave-an-inheritance</link>
		<comments>http://www.55places.com/blog/die-broke-or-leave-an-inheritance#comments</comments>
		<pubDate>Fri, 30 Sep 2011 14:00:22 +0000</pubDate>
		<dc:creator>Bill Ness</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Retirement Planning]]></category>

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		<description><![CDATA[In 1997, financial advisor Stephen Pollan and author Mark Levine stirred up some controversy with the four-step plan presented in “Die Broke.” This radical book became a national bestseller, but not everyone agrees with Pollan’s financial strategy, which includes essentially giving up on the idea of retirement. Many Baby Boomers are more comfortable with the conventional approach of saving for the future and leaving an inheritance to their children, but there’s no doubt that Pollan’s strategy has changed the way some active adults approach their golden years.]]></description>
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		<slash:comments>1</slash:comments>
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		<title>Everything You Need to Know About a VA Loan</title>
		<link>http://www.55places.com/blog/everything-you-need-to-know-about-a-va-loan</link>
		<comments>http://www.55places.com/blog/everything-you-need-to-know-about-a-va-loan#comments</comments>
		<pubDate>Wed, 01 Jun 2011 14:00:34 +0000</pubDate>
		<dc:creator>Susan Quilty</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>

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		<description><![CDATA[The recent collapse in the housing market has made it more difficult for some active adults to secure the loans they need to buy their retirement homes. Fortunately for veterans, using a VA loan can be a great way to cut through some of the red tape and walk away with a comfortable repayment schedule.]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Yes, a 60-Year Old Can Get a 30-Year Mortgage</title>
		<link>http://www.55places.com/blog/60-year-old-can-get-30-year-mortgage</link>
		<comments>http://www.55places.com/blog/60-year-old-can-get-30-year-mortgage#comments</comments>
		<pubDate>Fri, 13 May 2011 14:00:10 +0000</pubDate>
		<dc:creator>Susan Quilty</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Retirement Planning]]></category>

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		<description><![CDATA[Older adults often assume that they would not be eligible for a 30-year mortgage. Legally, however, banks can only offer loans based on financial qualifications alone. This means applicants cannot be turned away based on their age, whether they are 50, 60, or even 90 years old.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Will You Outlast Your Retirement Savings?</title>
		<link>http://www.55places.com/blog/will-you-outlast-your-retirement-savings-2</link>
		<comments>http://www.55places.com/blog/will-you-outlast-your-retirement-savings-2#comments</comments>
		<pubDate>Mon, 21 Feb 2011 16:00:31 +0000</pubDate>
		<dc:creator>Susan Quilty</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Retirement Planning]]></category>

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		<description><![CDATA[Though most active adults understand the importance of saving for retirement, many may underestimate the amount of money they will need to have saved. This is especially true as the average lifespan is growing and workers can no longer expect defined-benefit pension plans or social security income. How can you be sure that you will not outlast your own retirement savings?]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Does a Reverse Mortgage Work For You?</title>
		<link>http://www.55places.com/blog/does-a-reverse-mortgage-work-for-you</link>
		<comments>http://www.55places.com/blog/does-a-reverse-mortgage-work-for-you#comments</comments>
		<pubDate>Mon, 24 Jan 2011 14:00:16 +0000</pubDate>
		<dc:creator>Susan Quilty</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>

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		<description><![CDATA[For some eligible homeowners, a reverse mortgage can be an attractive option. It is a way to bring in extra money, without having to pay taxes on the additional income. There are pros and cons to setting up a reverse mortgage, but recent Federal Housing Administration (FHA) changes to reverse mortgage options make this financial move worth a second look.]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>8 Great Low Tax Active Adult Communities in Delaware</title>
		<link>http://www.55places.com/blog/8-low-tax-active-adult-communities-delaware</link>
		<comments>http://www.55places.com/blog/8-low-tax-active-adult-communities-delaware#comments</comments>
		<pubDate>Fri, 29 Oct 2010 14:00:10 +0000</pubDate>
		<dc:creator>Susan Quilty</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Taxes]]></category>
		<category><![CDATA[delaware 55+]]></category>
		<category><![CDATA[low tax communities]]></category>

		<guid isPermaLink="false">http://www.55places.com/blog/?p=559</guid>
		<description><![CDATA[Each year many active adults retire to communities all along the east coast. To make the most of their retirement funds, retirees often search for areas that have low taxes and other financial incentives. Delaware is one great retirement state that offers low taxes, including no sales tax. If you are interested in retiring to Delaware, here are eight communities worth considering.]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Pros and Cons of Reverse Mortgages</title>
		<link>http://www.55places.com/blog/pros-cons-reverse-mortgages</link>
		<comments>http://www.55places.com/blog/pros-cons-reverse-mortgages#comments</comments>
		<pubDate>Tue, 15 Dec 2009 01:10:51 +0000</pubDate>
		<dc:creator>A.W. Berry</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Reverse Mortgage]]></category>

		<guid isPermaLink="false">http://www.55places.com/blog/?p=242</guid>
		<description><![CDATA[The name 'reverse mortgage' almost speaks for itself in the sense these types of mortgages reverse a home's equity accumulation through payment(s) to the homeowner. To understand the pros and cons of reverse mortgages, taking each element of the mortgage one step at a time can help build a familiarity with its features. A good starting point for becoming informed about these loan products is eligibility which includes applicants aged 62 years old and above. Another qualifying criteria is the value of a home’s equity, and any pre-existing debt on the property.

The pros and cons of reverse mortgages differ from person to person, however since reverse mortgages allow the homeowner to receive payment and remain in the home until they leave, three financially important benefits exist. ]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>How Retirees can Now Benefit from the Home Buyer Tax Credit</title>
		<link>http://www.55places.com/blog/homebuyer-tax-credit</link>
		<comments>http://www.55places.com/blog/homebuyer-tax-credit#comments</comments>
		<pubDate>Fri, 20 Nov 2009 23:48:12 +0000</pubDate>
		<dc:creator>A.W. Berry</dc:creator>
				<category><![CDATA[Resources - Financing]]></category>

		<guid isPermaLink="false">http://www.55places.com/blog/?p=227</guid>
		<description><![CDATA[The home buyer tax credit is a chance to financially augment retirement living with a new home and lower taxes. The first and most clear way to benefit from the new home buyer tax credit is the $6,500.00 check that could be paid to home buyers by the Department of the Treasury if the property is indentured by April 30, 2010.  In the case of first time home buyers the tax credit is even higher at  $8,000.00.  Each qualifying home is subject to one tax credit regardless of the number of buyers, however the buyers can agree upon the distribution of the credit.]]></description>
		<wfw:commentRss>http://www.55places.com/blog/homebuyer-tax-credit/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>Pay Cash or Finance Your Retirement Home, Which Is a Better Option?</title>
		<link>http://www.55places.com/blog/cash-or-finance-retirement-home</link>
		<comments>http://www.55places.com/blog/cash-or-finance-retirement-home#comments</comments>
		<pubDate>Tue, 10 Nov 2009 04:19:16 +0000</pubDate>
		<dc:creator>A.W. Berry</dc:creator>
				<category><![CDATA[Resources - Buying]]></category>
		<category><![CDATA[Resources - Financing]]></category>
		<category><![CDATA[Cash]]></category>
		<category><![CDATA[Mortgages]]></category>

		<guid isPermaLink="false">http://www.55places.com/blog/?p=218</guid>
		<description><![CDATA[How you pay for your retirement home can have a noteworthy pecuniary impact during your retirement years. Choosing the right option should take into account retirement income, tax bracket, lifestyle, savings, health, economic and market conditions. 

If the money for the retirement home is coming from the sale of another property or is already available in capital savings, how that money is allocated in to retirement property can potentially raise or lower standard of living significantly. For example, retirement home funds divided into two parts with which two smaller homes rather than one larger home are purchased. This option provides potential income through rental of the second property and capital savings in both the homes.  In this situation, paying cash is a good choice.]]></description>
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		<slash:comments>2</slash:comments>
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