From mortgages to taxes to Social Security to general money issues, there are many financial topics that active adults need to know about. You’ll find answers to all your important retirement finance questions here, whether you’re getting ready to retire or need information on different state tax situations.
Unfortunately, retiring doesn’t always mean you can stop worrying about taxes. Depending on the source of your income, you might still have to pay both federal and state income tax. Let’s weigh up the pros and cons.
The mortgage process is pretty complicated. Even if you’ve gone through it before, it’s easy to get tripped up with all the steps, documentation, and financial jargon of it all. Are you planning on applying for a mortgage soon? Before diving straight in, here are some answers to commonly asked mortgage questions.
If you’re planning to retire to a 55+ active adult community, it’s important to know the best tax-friendly states for retirees. It could make a difference of thousands of dollars each year to your finances.
When selling a property, trying to get as much money as possible is a given. But, being aware of why you might be overpricing your home, and why it’s a bad idea, can be the difference between a deal and deadweight property.
Active adults often have a particular budget in mind. In addition to the sticker price of a home, however, active adults may need to plan for other expenses, like utilities, repairs, and real estate taxes. Homeowners may start to wonder, “Do senior citizens pay property taxes?”
Selling your home can be difficult, especially if you’ve spent a lifetime raising your family and building memories within those walls. The process may be easier if you use some simple online resources to understand your home’s potential value and find professionals who can help you make your home look its best before it goes on the market.
Not only will downsizing relieve some of the stress of maintaining a larger home, but it will also provide some hefty financial benefits. Here are 10 ways downsizing your home can lead to an upsized bank account.
When selling your home, it’s tempting to forego the cost of a real estate agent’s commission and take the For Sale By Owner (FSBO) route. Sometimes this can work out well, but in other cases it can be more hassle than it’s worth. There are many things to consider before selling your own home.
The rent vs. buy debate has long been argued. But for those in retirement, the dilemma deepens. Sure, homeownership offers stable, reliable payments (great for that fixed income) and the ability to customize your property as you choose, but renting offers perks too. So, how do you choose?
Whether or not you’re on a fixed income, you need to spend your money wisely for it to provide you with a comfortable life. This guide can help you get started on the process of retirement budgeting. We’ll give you the variables you need to consider in order to estimate your budget for your new 55+ community home.
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We’re changing the way people 55 and older are searching for their perfect next place. With a national network of hand-selected real estate experts, plus comprehensive information, unbiased content, and on-the-go insight about thousands of communities across the country, we’re a trusted resource paving the way from here to home. Whether you’re interested in a low-maintenance single-level residence, an active lifestyle or age-qualified community, an intimate enclave, or anything in between, we can help you make your next move the best one yet.
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