Considering an RV? Mistakes to avoid

By Liz Weston
Posted on July 16, 2021

Recreational vehicle sales are soaring, and the RV industry expects 2021 to be a record-breaking year. Dealerships say much of the demand is coming from first-time buyers and others anxious to find a safer way to vacation during the pandemic. As any RV owner will tell you, though, buying a motorhome, camper or trailer is a complex process that requires a ton of decisions. The more... READ MORE

D.C. Housing News — July 2021

By Beacon Staff
Posted on July 15, 2021

Modena Reserve to open in fall 2021 This fall, Solera Senior Living will open its newest senior living community, Modena Reserve at Kensington in Maryland. The facility blends contemporary design with historic architecture, transforming the former Mizell Gas Station and Mizell Hardware and Lumber Store into unique community spaces. Located next to the Kensington train depot and several... READ MORE

Should you rent or buy your next home?

By Patricia Mertz Esswein
Posted on July 14, 2021

The housing market is hot, and it’s a great time to sell your home. But if you’re thinking about renting your next one, consider the tradeoffs. Renting temporarily is fine if you want to try a new location or if you anticipate moving frequently early in retirement. However, the longer you rent in retirement, the riskier it becomes. Buying a home usually makes more sense if you... READ MORE

Good ways to pare down your possessions

By Jim Miller
Posted on July 07, 2021

Dear Savvy Senior, What tips can you offer for downsizing? I would like to relocate but need to get rid of a lot of personal possessions before we can move. — Overwhelmed Willa Dear Willa, The process of weeding through a house full of stuff and parting with old possessions is difficult and overwhelming for most people. A good place to start is to see if your kids, grandkids or... READ MORE

Listing your home in 2021? What to know

By Elizabeth Renter
Posted on June 30, 2021

It’s a good time to be a home seller — homes are selling fast and for a premium — but that doesn’t mean you can jump into the market ill-prepared. Knowing what to expect can position you to make the most of this seller’s market. Roughly 1 in 6 (17%) homeowners plan on selling their home in the next 18 months, according to a new NerdWallet survey conducted online by The Harris ... READ MORE

Homebuyers willing to pay above asking price

By Alex Veiga
Posted on June 29, 2021

The red-hot U.S. housing market is widening the gap between what a home is objectively worth and what eager buyers are willing to pay for it. Fierce competition amid an ultra-low inventory of homes on the market is fueling bidding wars, prompting a growing share of would-be buyers to sweeten offers well above what sellers are asking. Home prices have rocketed to new highs and many homes... READ MORE

Plan ahead to pay for long-term care

By Martha Steger
Posted on June 28, 2021

Nancy Wright Beasley, a Virginia retiree, is years away from living in a retirement community or needing long-term care, but every year she funds a long-term care insurance policy. It’s not only a sound investment; it gives Beasley peace of mind. “My policy ensures I won’t become a financial burden on my children,” Beasley said. “As I age, the coverage gives assurance I’ll... READ MORE

Baltimore Housing News – July 2021

By Margaret Foster
Posted on June 25, 2021

ElderPlus provides free, all-inclusive help As Baltimore resident Tiffani Williams’ grandmother grew older, she had to help her pay bills, drive her to doctors’ appointments and much more. Then Williams heard about Hopkins ElderPlus, established almost 25 years ago. Providing all the services older adults need to stay healthy, ElderPlus is Maryland’s branch of the federal Program of... READ MORE

Face it: Your kids don’t want your stuff

By T. Eric Reich
Posted on June 24, 2021

I know I’m going to get a few calls about this article, but hear me out. We talk a lot about managing your estate and strategies for making the most of an inheritance, but what we don’t often talk about is what to do with your “stuff” and the realities that surround that. When helping people with their estate planning, we obviously cover the big issues, such as IRA or retirement... READ MORE

How to find affordable housing in Baltimore

By Jim Miller
Posted on June 23, 2021

Dear Savvy Senior, Are there any resources to help seniors find and pay for senior apartments? My aunt, who’s 75 years old, needs to find a new place to live but has very little money. What can you tell me? —Searching Sarah Dear Sarah, Finding affordable housing options for older adults can be difficult, depending on where your aunt lives. Apartments for retirees are a good... READ MORE