Archive: February 2009
On Tuesday, President Barack Obama signed into law the new $787 billion stimulus bill. While the proposed $15,000 home buyer tax credit died in negotiations between the House and the Senate, a similar—albeit smaller-$8,000 first-time home buyer tax credit passed which is designed to help revive the ailing real estate market. If you are a retiring Baby Boomer here are some things you should know about how the bill will affect you. Unfortunately, for most Boomers, the new tax credit will have little to no effect.
Today’s retirees are embracing all kinds of new hobbies in their retirement years. When the concept of retirement communities started with Del Webb’s Sun City back in the 1960’s, golf seemed to dominate the desire for many retirees to pack up and move to Arizona, a gorgeous environment where golf was possible 12 months out of the year.