Featured Story
Thinking of retiring? Conduct a test-drive
Bev Bachel, 62, is trying retirement on for size. For years, Bachel, a freelance communications professional in Minneapolis, took on highly demanding contract jobs that typically lasted more than a year. She put in long hours, often managed other writers and had to be available for on-site meetings. “A friend of mine said that when you’re self-employed, you never really retire.... READ MORE
Ease uncertainty with a reverse mortgage
U.S. and global economic volatility due to the COVID-19 pandemic have many retirees (and those close to retirement) worrying how to survive these turbulent times. Will you have enough assets to maintain your lifestyle and meet retirement spending goals in the face of a possibly long-term bear market? Traditionally, older adults fund retirement with a mixture of Social Security,... READ MORE
How the move to a community felt to me
On the first day in my new retirement community, I was greeted by a neighbor in the hallway. She remembered meeting other newcomers who had experienced difficult first days here without the necessary cookware to prepare a proper meal. So, she offered to lend me some of her own pots and pans. Clearly, she was mistaking me for some kind of “kitchen goddess,” who could hardly wait to ... READ MORE
How to select an active adult community
Steve Thornton was driving along Interstate 75 in South Florida on a “scouting trip” for a place to live in retirement when he saw a billboard for Trilogy at Ocala Preserve. Stopping there, he was taken with the beauty of the place — and knew his wife would agree. “Lyndia would like it,” Thornton, 69, recalled thinking. While their children were growing up, the Thorntons... READ MORE
A new rental income tax break available
Renting out property can create a retirement income stream that is Uncle Sam-friendly. The federal tax law is replete with breaks for landlords, and the 2017 tax law created a new write-off that many landlords can take for their Schedule E rental income. The new tax break falls under the special 20% deduction for individual owners of “pass-through entities.” Self-employed individuals ... READ MORE
Should you move or be a perfect guest?
When we heard our 30-something daughter was pregnant with our first grandchild, my husband and I were ecstatic. Then came the bad news: Their family was moving to Portland, Oregon for her husband’s job. Our daughter assumed we would move out there, too. But when we visited, the city’s hippie vibe didn’t seem to fit us. We don’t know anyone there, and the winters are rainy, damp... READ MORE
